News

Super puts Qantas execs on notice

Australia's share market has sold off a day after notching another record close, easing lower as it locked in three straight weeks of gains.

Australia's "unfair" tax system has created a situation where retirees can earn the same income as working households, but pay less than half the tax.

Wall Street's main indexes fell overnight as investors feared potentially hawkish remarks by the Federal Reserve chair that could spark volatility.

Chalmers eyes super tax raid

The Australian share market has hung on to finish the trading day over 9,000 points for the first time as all sectors closed in the green.

The Nasdaq and S&P 500 fell overnight as investors sold tech stocks and moved into less highly valued sectors.

Labor vows to cut NDIS growth rate

The Australian share market has bounced back from an early slide with interest rate-dependent sectors helping it finish in the green.

As market pressures persist in the heated construction sector, insolvency experts are seeing trouble spread to mining services.

Prosecutors have a dropped a conspiracy charge against a climate activist accused of involvement in a foiled publicity stunt at the Woodside boss's family home.

The Nasdaq and S&P 500 slid overnight, driven by tech stocks.

Universities face reckoning on governance and relevance

The Australian share market has recorded its biggest slip at the end of trading since the start of August, hampered by a steep fall in health stocks.

Shares in online job marketplace agency SEEK rose early on Tuesday, following the release of its FY25 results.

Wall Street's main indexes closed roughly flat overnight after struggling for direction.

Federal Court issues Qantas record $90m penalty

The local bourse has achieved a new record finish in a choppy start to the trading week, as investors continue to weigh company earnings against their valuations.

Australia's largest airline has been ordered to pay an eyewatering penalty for illegally sacking more than 1800 ground staff during the COVID-19 pandemic.

National Australia Bank says issues with its payroll systems has resulted in some staff being incorrectly paid.

The blue-chip Dow Jones ended higher in the US for the week.

Successive new rules stifling growth: PC

The local bourse has ended the week on its highest ever note, locking in a record close after hitting new intraday peaks for five straight sessions.

Wall Street's main indexes were mixed overnight.

‘Seek tax fix, not talkfest'

Australia's share market has hit a fresh intraday record, but couldn't find the buyers to top its best close as the materials sector broke an eight-session hot streak.

About 25,000 jobs were added to the economy in July, while the jobless rate fell to 4.2 per cent, the Australian Bureau of Statistics has reported.

An increasing range of electric vehicles, greater affordability and growing charging options has driven EV sales to a record high.

The benchmark S&P 500 and Nasdaq indexes have hit new closing highs for the second straight day on hopes that the Federal Reserve is getting close to a monetary easing cycle.

Plan to force big tech to reveal AI data

Banking and utilities stocks dragged the Australian share market lower as Commonwealth Bank's full-year results fell short of high expectations and AGL's profits slumped.

Unions are urging the government to protect the penalty rates that help bolster the pay packets of millions of Australians.