Fresh rate cut fears send ASX lower
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
Breaking News
‘Crucial’: Google unveils bold plan
Plans for a lengthy fibre optic cable from Kenya to the west coast of Australia have been unveiled.
Hawkish Fed minutes drives metal sell-off
With Federal Reserve officials indicating interest rates will likely remain higher for longer, investors took profits in commodities on Thursday.
‘Little left to squeeze’: Power price warning
The energy regulator has announced lower price caps to reduce bills for many consumers from July 1, but the industry has raised concerns.
‘Little left to squeeze’: Power price warning
The energy regulator has announced lower price caps to reduce bills for many consumers from July 1, but the industry has raised concerns.
Optus hit with lawsuit over data breach
In the latest hit to the telco, Optus is being taken to court over a data breach that impacted millions of Australians.
Consumer stocks pull ASX lower
Paring back its early gains, the sharemarket inched lower to finish in the red for a second consecutive session.
Grim warning for Aussie hospitality sector
Aussie hospitality businesses have been hit with grim financial forecasting for the year – unless one consumer trend changes.
RBA keeps door open to another rate hike
Admitting the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
ASX dips as James Hardie, Sonic sink
In a subdued session, Tuesday’s trading gave back a portion of Monday’s rally.
ASX advances on mining, energy stocks
A rally in prices for key commodities including oil, iron ore, nickel, gold and copper sent the benchmark within 33 points of its record high.
Star enters trading halt amid takeover bid
Star has entered a trading halt after receiving multiple takeover bids, as the casino giant continues to face scrutiny over its ability to operate a casino licence.
’Not good enough’: Albo blasts nuclear policy
The prime minister has lashed out at the opposition for failing to reveal where nuclear power plants after ‘extensive’ polling was done in potential electorates.
’Not good enough’: Albo blasts nuclear policy
The prime minister has lashed out at the opposition for failing to reveal where nuclear power plants after ‘extensive’ polling was done in potential electorates.
‘One click’ to save Aussies hundreds
Energy retailers will be forced to help customers pay less for their electricity.
New hope to find missing cult members
The uncle of missing cult members Chantelle McDougall and her daughter Leela who disappeared from a small rural town in 2007 is raising funds to launch a new investigation to find them.
Labor shelves offshore gas bill
Labor has shelved a major change to gas approval processes, in return for Greens support for its fuel efficiency standards.
Company at centre of data breach revealed
A small e-prescription company says a major data breach was likely caused by one if its third-party vendors.
Grim rental effect of Aussie WFH trend
The rise of Australians with their own home office has contributed to Australia’s rental property shortage, a senior RBA official has warned.
Fresh sign of interest rate cut
Stoking the case for rate cuts this year, the unemployment rate moved sharply higher in April.
Hidden good news in wages growth slip
Workers, already under pressure from inflation, saw their wages slide last quarter but there is some good news for homeowners.
Consumers keep wallets shut in April
With family budgets coming under further strain, consumers heavily wound back on spending on non-essential items in April.
What we know is in the budget so far
Tuesday’s federal budget will focus on easing pain and bolstering near term growth without making inflation worse. Here’s what we know so far.
Huge call on Aussie price hike crisis
Jim Chalmers’ Treasury department has delivered a glimmer of hope for inflation crunched households ahead of the federal budget on Tuesday.
ASX snaps five-day winning streak
Consumer and financials were crunched on Thursday as investors grew increasingly concerned with the impact of elevated inflation on households.
Worrying sign on Aussie price hike crisis
IMF economists have offered good news on the path of inflation and GDP growth, but they warn Australia is set to lag its global peers.
ASX tumbles as stocks follow Wall St
Shares took their cue from the US stock market, with the local benchmark finishing in the red for the fourth consecutive session.
Shock spy claims in Star Casino probe
The new inquiry into Sydney’s Star Casino has heard bombshell evidence in the latest blow for the gambling giant which has been plagued by scandals.
Shock spy claims in Star Casino probe
The new inquiry into Sydney’s Star Casino has heard bombshell evidence in the latest blow for the gambling giant which has been plagued by scandals.
Star execs to face second grilling
Should the inquiry find Star is unsuitable to retain its licence, thousands of jobs will be at risk.
Aussie aid worker unleashes over Gaza gunfire
An Aussie aid worker who was in a convoy which was struck by bullets while delivering much-needed aid to Palestinians says she is “frustrated” safety assurances put in place by Israel aren’t being met.
Wild map of pilot’s historic Aussie flight
Australian adventurer Michael Smith has hit an important first milestone in his mammoth effort to recreate the first seaplane circumnavigation of the country a century ago.
ASX slips despite Wall Street recovery
Softer-than-expected producer price data failed to ease the concerns of inflation-worried investors.
More grim news in housing crisis
With the construction sector battered by soaring cost, elevated interest rates and labour shortages, new home building starts plunged in 2023.
More grim news in housing crisis
With the construction sector battered by soaring cost, elevated interest rates and labour shortages, new home building starts plunged in 2023.
Hot US inflation print rattles ASX
With US inflation proving more stubborn than expected, traders are increasingly concerned rate cuts will be delayed.
Aussies’ spending softens after Swift lift
After household spending jumped during February due to Taylor Swift’s sold-out stadium tour, turnover in March was weaker.
‘Knows almost nothing’: Chalmers’ hits back
In a startling spray, the Treasurer has challenged the economic understanding of his political foes as he defends a major policy change.
Iron ore optimism extends ASX rally
A rally in material stocks helped push the benchmark into the green, as investors awaited fresh inflation data due Wednesday evening.
‘Hard truth’ Aussies must face
The road to net zero by 2050 will not be easy, and Australians have been warned they must be prepared to face “hard truths”.
Tech founder ousted over missing $30m
An Aussie tech firm founded by three “friends” has sacked its chief executive this week because of a missing $30m.
Tough new rules to stop covert takeovers
The Albanese government’s overhaul of mergers policy follows concerns that anti-competitive takeover deals are stifling innovation and cause price hikes.
Tough new rules to stop covert takeovers
The Albanese government’s overhaul of mergers policy follows concerns that anti-competitive takeover deals are stifling innovation and cause price hikes.
ASX rallies ahead of US inflation figures
The Australian share market was up slightly as investors await new inflation data from the US, which will be key to its path on interest rate cuts.
ASX ekes out gains despite energy dip
While the benchmark edged only slightly higher, key members on the share market swung wildly in trading on Monday.
Surprising detail in rate hike pain
Even as household budgets come under pressure, tens of thousands of Aussies took on additional debt in February, new data shows.
Stocks drop as rate cut jitters return
With the benchmark finishing in the red for three of the past four sessions, the sharemarket dipped 1.6 per cent this week.
Brutal rift over major gas claims
A war of words has erupted between two Labor ministers with each other pointing the finger over a major shortfall facing Victoria.
ASX snaps two-day losing streak
After a sharp sell-off during Wednesday’s session, the sharemarket unwound some, but far from all, of its losses on Thursday.
Grim news for Aussies looking for a home
Australia’s chronic housing shortage showed no sign of abating through February, with just 12,520 new homes signed off for construction.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/4