News

Big super funds failing retirees

The local share market finished 0.4 per cent higher as traders digested earnings results from Woolworths, Domino's Pizza, Wisetech Global and more.

A recession over the coming year is highly unlikely, according to senior government sources, as the economy withstands global and domestic pressures.

Labor shuns calls for bold tax reform

The Australian share market has finished up 0.1 per cent with the tech sector enjoying a stellar day thanks in part to Altium and Megaport.

US stocks have closed mostly higher as investors await comments from a meeting of central bankers at Jackson Hole later this week.

Australia’s future to be low growth

The ASX200 has closed down 0.46 per cent, dropping to its lowest level since June 8 as reporting season continues.

BCA cleans up industry policy fix

The local bourse finished the day flat to conclude the week down 2.6 per cent, its worst since a 3.9 per cent sell-off for the week ending September 2.

US stocks lost ground on Thursday as economic data suggested US interest rates might stay higher for longer than investors hoped.

$A set to fall to US60¢, jobs market cools

The Australian share market closed down 0.7 per cent to a five-week low, while the local currency had dropped under 64 US cents on a weak jobs report.

Telstra chief executive Vicky Brady says Telstra's T25 strategy is on pace to deliver most of its objectives.

Doubts on fast-tracked housing plan

The local share market has finished down 1.5 per cent, with the technology, financials and materials sectors suffering even greater losses.

Ways to address the housing crisis will be canvassed in national cabinet as the political impasse continues over the government's housing future fund.

Australia on frontline of rare earths battle

The local share market has finished up 0.4 per cent, with the health care sector enjoying solid gains led by CSL and Cochlear.

‘Green tariff’ to shield our big emitters

The local share market was down 0.5 per cent at midday and the local currency was trading for under 65 US cents amid fears about China's faltering economy.

Concerns that inflation could still lead to interest rate rises in the US put a dampener on big tech stocks.

TikTok GST fraud costs ATO $4.6b

The local share market has fallen 0.2 per cent after a cooler-than-expected inflation readout in the US failed to quell talk of more interest rate hikes.

WA strike threat rocks gas market

The local share market finished 0.26 per cent higher ahead of a crucial monthly US inflation report, with gains for energy companies as gas prices soar.

CBA’s $10b to cushion downturn

The local share market has finished 0.4 per cent higher as Commonwealth Bank enjoyed its best day in nine months.

Asia, iron ore feel the China pinch

The local share market has finished about where it started, having earlier been as much as 0.4 per cent higher.

Tax Office warned PwC

The local share market has finished down 0.2 per cent as a slew of major companies prepare to release their earning reports this week.