News

Australia's share market has broken a four-week losing streak despite a flat final session, notching its best weekly performance since May.

A legal battle that has erupted over the multimillion-dollar estate of the former prince Andrew and Jeffrey Epstein accuser Virginia Giuffre might get even bigger.

Major environmental reforms will not push up energy bills and might provide relief by fast-tracking renewables, with the laws set to clear the parliament.

Futures for the S&P 500 and the Dow Jones Industrial Average were nearly unchanged ahead of Thursday's Thanksgiving holiday in the US.

Tech giants target roadblocks to AI investment

A promising start has faded to a lacklustre finish for Australia's stock market as energy stocks tumbled and profit-taking weighed on miners.

Economists say the Reserve Bank might have lowered interest rates too far after a surprise inflation print revealed price pressures are still running hot.

Wall Street extended its rally overnight as revived tech strength and the increasing probability of a December interest rate cut from the US Federal Reserve put investors in a buying mood.

Bets on 2026 rate rise as CPI runs hot

An early surge in Australian shares has faded by the close after a hotter-than-expected inflation print weighed on the outlook for borrowing costs.

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate up to its highest level in 16 months.

Wall Street has extended its rally as a spate of economic data appeared to support the case for the US Federal Reserve to implement its third and final rate cut of the year in December.

Labor to cut $5.6b from public sector

Australia's share market has handed back most of its early gains to limp higher, as investors stalled ahead a key inflation data release.

Solid gains on Wall Street follow improved odds of a US interest rate cut in December with the tech-heavy Nasdaq out front as investors defy valuation concerns.

Public service hit with sweeping austerity cuts

Australia's share market has bounced from a recent sell-off after hopes of US interest rate cuts overwhelmed a gloomier outlook for local borrowing costs.

US stocks ended sharply higher on Friday as traders boosted bets on an interest rate cut by the Federal Reserve next month.

CBA fights Macquarie with secret deposit rate

Australia's share market has crumbled to its lowest level since June, as concerns about stretched valuations meet a reduced outlook for interest rate cuts.

Wall Street stocks slid overnight in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and US jobs data muddied the labour market outlook.

APRA flags lending curbs on mortgages

The Australian bourse has notched its biggest gain since August as technology rebounds and mining boons led the market higher.

US stocks ended a choppy session higher overnight, rebounding from recent losses as technology stocks rose ahead of Nvidia's quarterly results.

Nats warn Labor over Greens deal

Mining and energy stocks have struggled to counterbalance a weak financial sector, leaving the Australian share market slightly lower ahead of key overseas economic data returning from a US government shutdown.

Pay packets are still growing in real terms according to fresh wages data, but economists say rising inflation could soon bring that to an end.

The US stock market fell following another jarring session overnight, as worries keep dogging Nvidia, bitcoin and other Wall Street stars that their prices shot too high.

Samsung customer dies after 000 failure

The Australian share market has taken its second-biggest loss of the year as worries around technology valuations, inflation and global economic factors wore at investor confidence.

Commonwealth and Westpac executives are first-up as the federal parliament probes practices at Australia's big four banks this week.