Aussie economy a ‘heartbeat’ from recession
With households paring back spending, analysts expect Wednesday’s GDP figures will show Australia’s economy slowing to a crawl and being a “heartbeat” away from a recession.
Breaking News
ASX slips on commodity sell-off
Following a two-session rally, shares on the Australian stock market slipped as iron ore and oil prices tumbled.
ASX pares back losses as financials rally
The Australian share market has started the week in positive territory, as it extended its gains thanks to the big banks.
Millions of Aussies set for pay rise
Australia’s workplace umpire has revealed its reasons for increasing the minimum wage for 2.6m workers by another 3.75 per cent.
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ASX loses momentum after recent surge
The ASX ran out of steam after last week’s stunning run, with analysts saying investors may have been crystallising their gains today.
Mr Fix-it joins Crown as ‘grave’ probe begins
An executive known as ‘Mr Fix-it’ with previous experience running casinos has joined beleaguered Crown Resorts as it faces a second royal commission.
ASX flat after five-day rally
The ASX closed flat in the wake of this year’s best winning streak, with the local manufacturer of the AstraZeneca vaccine and travel stocks slumping.
Coles relaunches ‘unforgettable’ campaign
Shoppers will be the big winners if Coles’ relaunched ‘Down Down’ campaign sparks a price war with rival supermarket giant Woolworths.
ASX in five-day winning streak
The ASX has rallied to a 13-month high after five straight days of gains, with the benchmark index not far from pre-COVID record levels.
Hardest place to buy a home in Australia
Homes are selling at record speeds as Australia’s supercharged housing boom continues, with buyers using cheap lending to buy more expensive property.
Australian shares ‘too expensive’
As the All Ordinaries Index edges towards its all-time high, analysts are warning Australian stocks appear overvalued.
ASX on four-day winning streak
The ASX rose for the fourth straight day, hovering around 13-month highs despite a negative lead from Wall Street overnight.
Big prediction for Australian economy
The economy is tipped to stage a major comeback this year after contracting sharply in 2020, with COVID-19 expected to leave fewer scars than the GFC.
ASX makes strong start to June quarter
The ASX staged a positive start to the new quarter today, with tech stocks like Zip Co racking up decent gains while lithium miners also gained ground.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/188