BusinessThe sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.
Interest RatesA leading bank is expecting a spike in electricity prices until July 2025 putting further pressures on Australians.
BankingA major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
Business Breaking NewsThe ASX has tumbled to a new low after markets continued to sell off, with investors factoring in a less-than-favourable decision in the US.
CompaniesUtilities, energy stocks the only bright spots as index falls to three-month low. CBA tops large-cap declines. Mesoblast down on profit-taking. Japan’s Nippon Sanso to buy Wesfarmers’ Coregas.
Australian DollarThe global economy has been hit hard by a huge call in the US and Australia has been firmly in the firing line.
Business Breaking NewsThe ASX cratered after a major decision on a US rate cut, with all 11 sectors trading in the red.
CompaniesThe ASX 200 suffered its worst day in three months, as investors dumped tech, bank and mining stocks. The Australian dollar also hit a two-year low after big falls on Wall Street following the Federal Reserve’s weak rates outlook.
EconomyAustralia’s collective household wealth has soared over the last 12 months driven by one key thing.
Australian DollarThe Aussie dollar has collapsed during this morning’s trading as the US Federal Reserve says the rate cutting cycle will slow down.