US President Donald Trump has hit back at his detractors in a series of defiant posts on Truth Social as Wall Street plummeted to record $US4 trillion losses following his global tariff rollout.
JACKSON HEWETT: US president Donald Trump’s tariffs mean bad news for an already under-pressure Australian retail sector — and one hell of a Black Friday sale heading our way.
Some of Australia’s biggest superannuation funds have been hit by what appears to be a concerted cybersecurity attack on the $4 trillion industry, with $500,000 of savings confirmed to have been lost.
Australian shares tumble following the worst US market rout since COVID, driven by sweeping new tariffs and rising fears of a global economic slowdown.
Prime Minister Anthony Albanese has downplayed a coordinated cyberattack on some of Australia’s biggest superannuation funds that is believed to have affected thousands of members.
AARON PATRICK: As global financial markets convulse under the weight of a presidential-initiated global trade war, there is one market that already looks like it may get a Trump bump: Australian property.
Multiple Australian super funds have been targeted in a sophisticated cyberattack after passwords were allegedly leaked, with groups racing to contact effected customers over lost savings.
Aussie investors are in for another horror day on the local share market, with the leading index opening sharply lower following a tariff-induced bloodbath in the US overnight.
US President Donald Trump has responded to the carnage on Wall St following his tariff announcement, likening the shift to an ‘operation’ and claiming this is ‘exactly’ what he said would happen.
US President Donald Trump’s newly announced sweeping global tariffs have caused carnage on Wall Street, with $3 trillion wiped from the market as all-out trade wars and recession fears take over.
The prime minister has endured the roughest day on the election campaign so far as Australia cops a major Trump trade blow before he takes a different kind of leadership spill.