Australia’s sharemarket finished in the red on Friday as consumer discretionary and financials continued to weigh on the local market.
Cameron Micallef
Frustrated Aussie savers have been urged to get one up on banks who have left them in the dark by doing one thing.
A fast-growing Australian food chain has revealed its best selling item as it announced a $7.3 million profit for the first half of this financial year.
Australia’s biggest superannuation fund has been fined $27m for charging duplicate fees to tens of thousands of customers.
Blair Jackson
RBA governor Michele Bullock will face a three-hour grilling by politicians following the central bank’s first rate cut in four years.
Jessica Wang
A major union is calling on the Coalition to pledge support for retail workers’ penalty rates ahead of a Fair Work fight.
Jessica Wang and Cameron Micallef
The weekend newsreader says it is “time for a new chapter” after joining the Seven network in April 2022, but she has already started in another job.
Ria Pandey
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
It’s only going to get worse for Aussie savers already on their knees after the Reserve Bank’s decision to cut interest rates.
The federal and South Australian governments have come to the rescue of the embattled Whyalla Steelworks.
Joseph Olbrycht-Palmer and Duncan Murray
After reporting bumper profits and saying the company was in good shape, one of Australia’s Big Four banks has confirmed it is sending Australian jobs offshore.
Max Corstorphan
Aussie mortgage holders are at risk of losing tens of millions of dollars in interest the longer lenders withhold passing on the latest rate cut.
Aisling Brennan
Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move them offshore just days after announcing a bumper profit.
The RBA will be closely following the unemployment level after the central bank cut rates for the first time in four years on Tuesday.
Aussies are being urged to check their wallets for a rare coin, with a collector revealing how it could be worth up to $650.
Clareese Packer
Telstra says its heavy investment in the Australian network is paying off, as the telco announces massive payouts to shareholders.
Australia’s biggest business lender surrendered as much as 8.5 per cent on Wednesday, extending its value losses over the past week to $15 billion, after the lender revealed cash earnings had fallen.
Sean Smith
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.
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.
Anti-crime measures and wage costs have eaten into one of Australia’s major bank’s $18m-a-day profit.
The minor party has proposed a five-pronged attack to lower rising insurance premiums which they say could save households a total of $4bn.
In a letter to the bank, the market operator questioned whether Bendigo breached rules that require companies to update shareholders when upcoming results differ materially from market expectations.
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.
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
Duncan Evans