Bad news for back-to-back rate cuts
Mortgage holders hoping for back-to-back rate cuts have taken a hit after the latest inflation figures were released.
Breaking News
Woolies reveals shock cost of strikes
Woolworths has been counting the cost of industrial action, which took a dent out of the supermarket behemoth’s bottom line.
ASX falls on latest Trump tariff news
The ASX 200 fell on Tuesday as US President Donald Trump confirmed tariffs and major businesses missed the mark during reporting season.
Bank boss makes huge cash call
Commonwealth Bank boss Matt Comyn has backed cash, saying his bank will provide it to customers even as customers preferences change.
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Big win for Telstra shareholders
Telstra says its heavy investment in the Australian network is paying off, as the telco announces massive payouts to shareholders.
ASX drops on NAB, MinRes earnings misses
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
Simple reason Aussies are a little richer
Aussies are tipped to be a little richer at the end January, as superannuation funds have a ‘flying start’ to 2025.
Bad news for your next pay rise
Australia’s wage growth has slowed in the December quarter, which while welcome news for the RBA, shows the peak in earnings growth might be over.
Act that hurt Keno owner’s bottom line
Less people are gambling on lotteries, and a move introduced on one of Australia’s most popular games has hurt one company’s bottom line.
Why rate cut won’t save Aussie households
Aussie households are feeling the pinch, with a single rate cut unlikely to relieve them of their mortgage stress.
When is the next RBA meeting on interest rates?
The Reserve Bank of Australia has switched things up, meaning eager homeowners will have to wait a little longer to find out if they will get another rate cut.
NAB posts $18m-a-day profit
Anti-crime measures and wage costs have eaten into one of Australia’s major bank’s $18m-a-day profit.
Winners and losers from RBA rate cut
Households are tipped to have a bit more in their pockets after the RBA’s first rate cut in four years, but just how much you will save will depend on the size of your loan.
Banks make $10m a day on slow rate cut
Going slow on rate cuts could be good for the major banks as they cash in millions for every day homeowners wait for a mortgage reduction to be passed on.
Original URL: https://www.themercury.com.au/business/breaking-news/page/4