‘Dumb’: Trader unleashes as CBA explodes
Commonwealth Bank stunned the world with a record valuation that dwarfed even Wall Street’s biggest banks. But not all is what it seems.
Markets
ASX slips after Trump/Musk stoush
Australia’s sharemarket dropped during Friday trading, as cautious investors await the release of US economic data and Trump and Musk have a public spat.
State’s $28m AI plan revealed
Company workers aren’t the only ones facing an AI tidal wave, with one state announcing a new $28m drive to embed the tech revolution into its public sector.
Quiet day on ASX after Trump-Musk implosion burns Tesla
Local investors wait and watch ahead of long weekend break. Wall Street awaits jobs data as Elon Musk, US President Donald Trump torch friendship.
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ASX gains on surprising RBA tone
Australia’s sharemarket traded higher on Tuesday after the Reserve Bank of Australia left the door ajar for more rate cuts.
400 jobs at risk as major retailer goes bust
A legendary motorcycle retailer with a 55-year history has entered voluntary administration, putting 400 jobs in limbo.
ASX jumps on rate cut call
ASX investors have kept the ASX winning streak alive during Friday’s trading thanks to a surge in property and healthcare stocks.
Mixed day for Big Four; Paladin leads uranium falls
CBA hits intraday record of $172.92, surges past best ‘fair price’ estimates. What to expect from the RBA next week. Trump’s week of Arab bromance. David Dicker steps down from Dicker Data.
CBA hits record high; RBA set to cut rates
The sharemarket has closed higher for a seventh day in a row following April’s 89,000 jobs bounce and expectations the Reserve Bank will cut interest rates on Tuesday. CBA continues to power ahead, hitting a record of $169.74. GrainCorp soars on profit upgrade.
ASX extends rally on shock jobs figures
A surge in the banking sector on the back of better than expected employment figures has helped drive the ASX200 higher during Thursday’s trading.
Major update in historic Aussie rocket launch
There’s been a huge update as Gilmour Space Technologies enters its launch window to fire off a rocket into orbit.
ASX rises on US-China chip deal
Australia’s share market closed higher for the sixth consecutive trading session, after seesawing throughout the day, on the back of a strong bump in energy and technology stocks.
RBA rate cut on track despite wages surprise; Insignia top loser
Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.
ASX jumps on latest Trump move
A rally in energy stocks has helped drive the ASX 200 to an 11-week high as investors jumped back into shares following a US-China trade deal.
Original URL: https://www.themercury.com.au/business/markets/page/6