The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.
Millions lost via dodgy trusts, says Tax OfficeJust a handful of dodgy tax structures being used by Australians cost tens of millions of dollars in lost revenue, according
The Australian share market has held onto a slim gain as investors wonder how the US political landscape will change under Donald Trump when he assumes the presidency.
The Australian share market has slipped in early trade, taking cues from a lower close on Wall Street, as overnight declines in the metals and energy markets weighed down sentiment.
Wall Street has opened lower - a day after the Dow closed higher for the seventh day in a row following Donald Trump's election win - as investors brace for higher interest rates.
Oil prices have eased in volatile trading as the market gives more weight to a bigger-than-expected US crude inventory build than Russia's comments about a possible meeting with Saudi Arabia that has renewed hopes for a production freeze deal.
Gold has eased as the US dollar climbs to a 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump's election to the US presidency.
Trump tax cuts must be matchedThe Coalition has seized on weak wages growth to fire up support for company tax cuts amid warnings from business that Australia must match D
Australian shares closed flat as strong gains in energy producers and the big four banks were offset by falls across the resource, health care and consumer discretionary sectors.
The head of Australia Post says it took longer than he expected to reform the company's haemorrhaging mail business and reduce its losses, delaying the company's expansion overseas.
The Australian share market has opened higher on the back rising energy shares and with investors seeming slightly more positive about a Trump presidency.
The Australian dollar is little changed against its US counterpart as the greenback's post-election rise stalls along with the surge in US bond yields.
Oil prices have jumped six per cent, with US crude notching its biggest daily percentage gain in seven months, on renewed expectations that OPEC will agree in late November to reduce a global supply glut.
US stocks rose on Tuesday, with the Dow registering its fourth consecutive record high close as tech stocks rebounded from a post-election battering and energy stocks were boosted by a sharp rise in oil prices.
A national tourism business backed by Quadrant Private Equity has acquired Rottnest Express, one week after a food services business also backed by Quadrant announced plans to buy family-owned Sealanes.
RBA, IMF warn of debt, housing riskHeavily indebted Australian households and governments need to build greater financial resilience against a global economy facing fresh
The Australian share market has closed weaker despite retracing some of its earlier losses as market enthusiasm for the potential policies of US president-elect Donald Trump moderates.
Oil prices have been largely steady, rebounding from three-month lows, on a report saying that OPEC members were seeking to resolve their differences on a deal to cut production ahead of a meeting later in November.
Gold has fallen for the third straight session, finding a five-and-a-half-month low as the US dollar and Treasury yields strengthen on expectations that President-elect Donald Trump will boost US spending.
US stocks closed little changed on Monday after rising dramatically the week before and a decline in the technology sector offset a steep rise in financial stocks as investors bet on higher interest rates.
China, Australia to push for new trade blocChina has singled out Australia as a key partner in a renewed push for a regional free trade pact at a meeting of Asia-Pacific l
The Australian share market has closed lower, shedding some of last week's Donald Trump-led rally as investors take profits and mull over the US president-elect's policies.
The Australian share market has slipped in early trade as overnight declines in oil and metals prices weighed on investors' minds along with general uncertainty over the next US administration.
The Australian dollar has been bashed amid market concerns about the potential impact of US President-elect Donald Trump's policies on the Australian economy.
Oil prices have settled down more than two per cent after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.
Gold prices have tumbled three per cent to a five-month low, hit by a broad selloff in commodities as well as surging bond yields on speculation a splurge of US infrastructure spending could stoke inflation.
Alarm over Shorten’s Trump-liteBusiness has slammed Labor leader Bill Shorten for using 457 visa holders as a ‘‘proxy punching bag’’ in an effort to tap into community fea
The share market has ended a tumultuous week with another gain, thanks to strength among financial, energy and resources companies amid optimism President-elect Donald Trump's infrastructure spending and tax cuts will stimulate the US economy.
