All three main indexes are set for weekly declines despite the S&P 500 hitting record highs twice earlier this week.
Shashwat Chauhan and Sukriti Gupta
Australia’s sharemarket finished in the red on Friday as consumer discretionary and financials continued to weigh on the local market.
Cameron Micallef
Guzman Y Gomez’s popular $8 breakfast burrito has once again been credited for driving sales growth in Australia, but cracking a heavily-saturated market in the US is proving a challenge.
Cheyanne Enciso
Telstra downgraded the upload speeds for thousands of its Belong NBN customers without telling them or lowering the price.
Frustrated Aussie savers have been urged to get one up on banks who have left them in the dark by doing one thing.
US online property giant CoStar has lobbed a multibillion-dollar bid to buy out all of Nine Entertainment-controlled Domain Group.
Daniel Newell
Reserve Bank Governor Michele Bullock has scotched suggestions that this week’s interest rate cut was a “lay-down misere” as a result of Government pressure.
Jackson Hewett
MSCI's broadest index of Asia-Pacific shares outside Japan jumped more than one per cent to its highest since November 8.
Rae Wee and Alun John
The ASX has recorded its worst weekly loss in more than two years, while the Australian dollar reached a two-month high.
Derek Rose
US-focused naval shipbuilder Austal is not seeing any pushback from Donald Trump’s new administration but has called out a potential hit from his aluminium tariffs.
Sean Smith
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.
Not going to lie, that was a tough one. But together, we made it through. Pats on the back all round. The first mega week of reporting season is almost done.
US shares have retreated from their record as tariff worries and weak guidance from retail giant Walmart weighed on the major indices.
Stephen Culp
Australia’s consumer watchdog says customers’ concerns in the supermarket and retail sector remain a key priority in the year ahead.
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.
Super Retail Group is not intimidated by Wesfarmers-owned Bunnings’ bigger push into automotive, noting it wasn’t Supercheap Auto’s ‘first rodeo’ in going up against new players in the market.
President Donald Trump's tariff plans have weighed on Asian stock markets on Thursday, while the yen has hit its highest level in more than two months.
Marc Jones
The ‘tumultuous’ lithium market has sent Pilbara Minerals to a $69 million loss in the six months to December but boss Dale Henderson still has an eye on growth options.
Matt Mckenzie
The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.
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 WA conglomerate’s chief executive Rob Scott says that while the rate cut “no question” would provide some relief for households and business, “it takes time to step-change confidence levels”.
Telecommunications giant Telstra has unveiled a $750 million share buy back on the back of a stronger half-year profit.
Neale Prior
Figures from one of Australia’s largest retailers show Aussies are still finding room in their budgets to shop despite cost-of-living pressures.
