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Thu, 02 May 2024 17:00:55 +1000
ASX extends gains after Wall Street’s Fed rollercoaster
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The Australian sharemarket lifted on Thursday despite a negative lead from Wall Street after Jerome Powell revealed the US Federal Reserve would hold its cash rate steady and moving to reassure another rate hike is unlikely despite stubbornly high inflation.
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Thu, 02 May 2024 17:00:13 +1000
‘We have got a lot of work to do’: Woolworths ‘out-traded’ as it trails Coles
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Outgoing Woolworths chief executive Brad Banducci says cost-of-living pressures have hit the supermarket giant.
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Thu, 02 May 2024 16:41:55 +1000
NAB boss says most of its home loans are written at a discount
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Chief executive Andrew Irvine reported a 13 per cent tumble in half-year profits, but said households were mostly proving resilient in the cost-of-living crisis.
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Thu, 02 May 2024 15:50:29 +1000
Competition kicks the stuffing out of NAB and Woolworths
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This week’s results provide a reality check for those who argue that the highly concentrated banking and supermarkets sectors lack competition.
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Thu, 02 May 2024 15:47:20 +1000
All Bonza flights cancelled until Wednesday with no refunds imminent
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Bonza administrator Hall Chadwick says early discussions with the owners of the airline’s grounded fleet will continue into next week, with all flights cancelled before then.
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Thu, 02 May 2024 14:47:22 +1000
‘Where the magic happens’
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Biniaz promoted the headquarters of a new venture from a Dubai office. The real estate agent later said the property was empty.
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Thu, 02 May 2024 14:46:00 +1000
McInnes claims heart attack over missed repayments
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Discord channels lit up with memes accusing McInnes of faking the health episode to avoid making repayments.
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Thu, 02 May 2024 14:44:55 +1000
Snoop Dogg is Shiller co-founder
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The US rap legend had promoted a start-up on Twitter that gave investors confidence.
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Thu, 02 May 2024 14:43:55 +1000
Banksy artworks used to promote Stakx
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Biniaz and McInnes said any investment would be “asset backed” by their extensive art collection held in a Dubai gallery.
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Thu, 02 May 2024 13:36:48 +1000
Dixon calls last drinks at Blues Point pub
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After a decade of pulling beers, businessman and former Qantas and Tourism Australia chair Geoff Dixon is calling last drinks as landlord of the 160-year-old Blues Point hotel, on Sydney’s lower north shore.
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Thu, 02 May 2024 11:54:51 +1000
Why no news from the Fed is good news
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The US central bank is sticking to the “higher for longer” interest rate scenario factored into financial markets, while downplaying the prospect of widely feared rate hikes.
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Thu, 02 May 2024 05:51:01 +1000
Red flag: Fed chief signals interest rates to stay higher for longer
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Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the “greater confidence” needed for them to kick off interest rate cuts.
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Thu, 02 May 2024 00:00:00 +1000
Westfield removes floral tributes as Bondi retailers hope for business as usual
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Tenants at Westfield Bondi Junction are preparing for the next phase of recovery, as messages of condolence left after the shocking attack two weeks ago are collected for victims’ families.
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Wed, 01 May 2024 19:45:00 +1000
Huge offshore wind turbines to power AGL’s shift from coal
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AGL wants to build huge turbines off Victoria’s coast that could bring vast amounts of wind power to customers and help replace its coal-fired power plants.
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Wed, 01 May 2024 19:03:21 +1000
Refunds up in the air as Bonza leaves passengers grounded
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Administrators Hall Chadwick confirmed late on Wednesday that the airline was not currently positioned to issue refunds after it entered administration on Tuesday.
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Wed, 01 May 2024 17:58:37 +1000
ASX a sea of red as Wall Street tumbles to wrap up ugly April
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The Australian sharemarket tumbled after a negative lead from Wall Street, as investor fears grew about persistent US inflation and the likelihood that interest rates will stay higher for longer.
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Wed, 01 May 2024 16:12:41 +1000
‘Extraordinary’: Shein Australia hits nearly $1 billion in sales and triples profits
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The Chinese-owned ecommerce play has become one of the nation’s biggest fashion retailers in a few short years, on par with Myer and Cotton On.
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Wed, 01 May 2024 15:53:20 +1000
Mortgage wars enter next phase as property remains a rich playground
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The big banks are rethinking how much risk they can take when it comes to lending, as some say that excessive regulation is only helping wealthy borrowers while others miss out.
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Wed, 01 May 2024 12:02:21 +1000
BHP’s $60b bid forces Anglo American to confront its own shortcomings
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Whether successful or not, the Australian mining giant’s offer puts pressure on Anglo’s board and management to consider significant changes to its business.
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Wed, 01 May 2024 11:00:00 +1000
Work is a way to make money. Please, stop calling it your ‘baby’
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For as long as I can recall, I’ve squirmed when women call their careers or businesses “my baby”. As a business owner about to become a parent, I now know why.
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Defects are not so much a technological problem as a sociological problem.
