News

The local share market has closed at its highest level for the second time in a fortnight after China reported better-than-expected quarterly economic growth.

Australia's central bank wants to remove surcharge fees on both debit and credit cards in a move it expects would save consumer more than $1 billion.

Wall Street stocks closed marginally up overnight as investors sidestepped any meaningful moves following US president Donald Trump's latest tariff threats, and held steady ahead of a busy week of economic data and the start of earnings season.

Corporate tax cuts can wait: CBA

The local share market has edged lower as traders debated whether Donald Trump's latest tariff threats are just a negotiating tactic or have a real chance of being implemented.

Wall Street ended the week lower, with Meta Platforms weighing on the S&P 500 after president Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around US trade policy.

Retirees take super risks as funds trust falls

Strong gains by the mining giants were not quite enough to keep the local bourse in the green, with every other sector losing ground.

Outgoing Boral chief executive and managing director Vik Bansal has added another director role to his portfolio, joining Soul Patts' board from August 15.

The S&P 500 and the Nasdaq Composite rose modestly to post record closing highs overnight.

Big super backs dual-class push

The Australian bourse has bounced back after the Federal Reserve signalled a US rate cut remains on the table, despite uncertainty stemming from Donald Trump's trade wars.

Wall Street indexes closed higher overnight.

China ‘could punish Australia again'

The Australian share market has lost ground as Donald Trump expanded his trade war by announcing steep new tariffs on copper - although goldminers suffered the most in trading.

The S&P 500 ended a choppy session slightly lower overnight.

Divided RBA shocks markets

The local share market has finished about where it began after gyrating between positive and negative territory before and after the Reserve Bank's surprise decision on interest rates.

Wall Street's major indexes closed sharply lower overnight, after US president Donald Trump announced hefty tariffs against Japan, South Korea and other trading partners.

China's AI offer risky, PM warned

The Australian share market has slipped from the record levels set last week amid more uncertainty over Donald Trump's trade wars and ahead of the Reserve Bank's latest decision on interest rates.

Wall Street rallied to record highs after a surprisingly strong US jobs report cheered investors, who shrugged off dimming chances for a US interest rate cut this month.

China wants to team up in tech war

The local share market has finished above 8,600 for the first time ever after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy.

Wall Street rallied to record highs overnight after a surprisingly strong US jobs report cheered investors, who shrugged off dimming chances for a US interest rate cut this month.

Bailouts pose ‘ransom risk'

The Australian share market has recovered from morning losses to finish flat as a rotation out of banking stocks and into iron ore giants continues.

UPDATE: Tributes have poured in for the first wife of Western Australian business tycoon Alan Bond, Eileen Bond, who died last night.

The S&P 500 and Nasdaq closed at record highs, boosted by gains in technology stocks and a trade agreement between the US and Vietnam.

Treasury plans audit blitz, with or without ASIC

The local share market has rallied to close at its highest level after lacklustre retail sales data seemed to seal the deal for a domestic interest rate cut.

The Nasdaq and the S&P 500 closed lower overnight, dragged down by weakness in large-cap tech stocks.