The ASX has surged back and broken a days-long losing streak - after better than expected inflationary data out of the US sent markets higher around the world.
Cameron Micallef
The ASX200 has bounced back from its losing streak with a 1.7 per cent rally, its best performance since July 31.
Derek Rose
A leading bank is expecting a spike in electricity prices until July 2025 putting further pressures on Australians.
Global shares have rallied after a benign reading on US inflation and amid relief that US lawmakers averted a government shutdown.
Amanda Cooper and Wayne Cole
Foxtel has been sold in a $3.5 billion deal that will bring UK sports entertainment juggernaut DAZN to Australia’s shores — and catapult local codes such as AFL and NRL onto a bigger global stage.
Daniel Newell
The Dow Jones Industrial Average have risen 498.82 points, or 1.18 per cent, to 42,841.06, the S&P 500 has gained 63.82 points.
Chuck Mikolajczak
Aussies are being warned to check their mobile and wearable payment devices or risk being unable to purchase items this New Year’s Eve.
The Australian Securities Exchange is investigating a problem with its settlement platform that caused a delay for some customers on Friday afternoon.
Adam Haigh & Simone Grogan
The 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.
The ASX200 has dropped 1.2 per cent to finish the week down 2.8 per cent, its second-worst weekly performance of 2024.
Rio Tinto has called on a C-suite stalwart to restore a battered company culture still saddled with claims of bullying and sexual assault.
Wesfarmers will top up its war chest with the $770 million sale of its industrial gases business to a subsidiary of Japan’s Nippon Sanso.
Banks firm as US bond yields rise; Q3 GDP revised higher; Dow up 0.04 per cent, S&P down 0.09 per cent, Nasdaq off 0.10 per cent.
Mining export revenues are continuing their descent from a prosperous run, with weaker iron ore prices set to blow a $30 billion hole in this year’s takings and a pipeline of major projects dwindles in value.
Simone Grogan
The ASX cratered after a major decision on a US rate cut, with all 11 sectors trading in the red.
Australia’s collective household wealth has soared over the past 12 months driven by one key thing.
The ASX200 nosedived in early trade on Thursday following a disastrous lead from Wall Street overnight that saw all three major US indexes post their biggest daily decline in months.
Woodside has jumped another hurdle towards developing the $30 billion Browse project, inking a big reshuffle of WA gas assets with Chevron.
Matt Mckenzie and Daniel Newell
The competition regulator intends to block Catholic Health Australia’s private hospital members from collectively boycotting private health insurers like HBF, Medibank and Bupa if funding negotiations fail.
Cheyanne Enciso
JACKSON HEWETT: As Governor Michele Bullock tries to walk the fine line between full employment and inflation, the US Federal Reserve just tipped the balance in the wrong direction.
Jackson Hewett
Lithium talisman Ken Brinsden says it’s not a matter of if, but when the battery market rebounds, as his Canadian venture inks a $77 million investment from German auto giant Volkswagen.
Simone Grogan and Daniel Newell
A surprise fall in the Australian dollar to around 62 US cents could put a dent in travellers' pockets over Christmas after US markets got the wobbles.
Paladin Energy has received approval from the Canadian Government to merge with Toronto-listed Fission Uranium after months of scrutiny regarding foreign ownership concerns.
