ASX 200 eyes record close on Aug jobless rate steady, US rate cut; ALS tanks on profit downgrade; Sims, Orica gain
Bruce Chenoweth will assume chair role at gaming giant. Strike, MinRes lift on WA gas policy tweak. US Fed's jumbo rate cut ramps up RBA pressure. Total Tools hit with data leak. Second class action hits Harvey Norman for allegedly useless warranties.
Welcome to the Trading Day blog for Thursday, September 19. The ASX 200 index closed 0.6 per cent higher to 8191.90 points after the release of August jobs data. US stocks closed lower on the US Fed's jumbo rate cut.
The Aussie dollar is higher, near US68.19c at 4.50pm AEST after the release of August jobs data.
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Originally published as ASX 200 eyes record close on Aug jobless rate steady, US rate cut; ALS tanks on profit downgrade; Sims, Orica gain
Hip-pocket pain of being a long distance footy fan
Airfares have predictably jumped ahead of footy finals this weekend with diehard Port and Cowboys fans the hardest hit.
‘Jumbo’ Fed cut boosts Aussie shares
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
Major Aus retailer sued over ‘junk’ warranties
Major Aussie retailer Harvey Norman is facing a class-action lawsuit over allegations it sold extended warranties to customers on products that turned out to be “junk”.
Will the Fed push Australia to take the rate plunge?
The coming months will mark a test over Australia’s bet on so-called “dovish” rate hikes.
Aussies react to massive interest rate cut
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
Google reviews ‘gone’ after bride backlash
Young Australians are being forced to chase thousands of dollars owed to them as the business takes drastic steps in the face of huge fallout.