Markets

The TikTok video shows an angry female customer launching a tirade against Woolworths boss Amanda Bardwell.
Business
Daniel Newell

New Woolworths CEO ambushed in shocking store encounter

A belligerent young shopper has confronted Woolworths boss Amanda Bardwell, dishing out a verbal assault attacking the supermarket giant’s uber profits amid claims of price-gouging by Australian grocers.

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Real estate, IT and discretionary stock did the heavy lifting early.
Markets
Daniel Newell

How high can it go? ASX200 sets another all-time high

Australia’s leading market index is continuing its relentless march forward after setting another record high in early trade today.

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Wall Street investors are anticipating a sharp interest rate decrease when the Fed next meets. (AP PHOTO)
Business
Noel Randewich and Purvi Agarwal

Stock market euphoria: S&P surges to record high after Federal rate cut

The S&P 500 has surged to a record high close a day after the Federal Reserve cut interest rates by 50 basis points and indicated more rate cuts were on the horizon.

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US Federal Reserve Board Chairman Jerome Powell.
Business
CNBC

Trading volatile after US Federal Reserve rate bombshell

The US Federal Reserve has enacted its first interest rate cut since the early days of the COVID pandemic, slashing benchmark rates in an effort to prevent a slowdown in the labour market.

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Trade Minister Don Farrell says the UAE trade deal will have benefits for Australia’s farming and mining industries.
exclusive
Australia
Katina Curtis

Trade deal to bring cheaper perfume, boost for sheep farmers

Australian consumers will be able to buy cheaper perfume and jewellery while alumina producers and sheep meat farmers will get a boost under a new trade deal struck with the UAE.

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Globally, trading in shares has traditionally been weaker in September.
Markets
Raizinvest.com.au

Muted trading still the defining feature of September

AMP recently conducted an analysis that found the US share market is typically at its weakest in September, attributing this to investors selling losing stocks to offset capital gains.

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Japan's Nikkei index lost 0.7 per cent under the weight of a stronger yen,. (AP PHOTO)
Business
Kevin Buckland

Dollar drops as hopes rise for super-sized US rate cut

Investors are increasingly hopeful of the US Federal Reserve cutting interest rates by a 50-basis point reduction in September.

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Every sector finished in the green on Thursday, with energy and tech the biggest gainers, climbing 2.3 and 2.4 per cent, respectively.
Markets
CNBC

Can ASX ride lithium, uranium wave to another all-time high?

The local market is set to open higher on Friday, extending gains from Thursday as Wall Street’s tech rally continued. Could we be in for another record day?

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Premier Investments chair Solomon Lew and Smiggle managing director John Cheston.
updated
Business
Cheyanne Enciso & Daniel Newell

Sacked Smiggle boss denies misconduct as mystery deepens

The sacked boss of Premier Investments’ kids stationery juggernaut Smiggle has denied allegations he was embroiled in any workplace misconduct.

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The company said it denies any liability and will defend the legal action.
Markets
Daniel Newell

Domino’s faces class action over flagging sales

Pizza maker Domino’s is facing an investor class action over its trouble-plagued stores.

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Westpac chair Steven Gregg, incoming CEO Anthony Miller and outgoing CEO Peter King.
Markets
Daniel Newell

Westpac names new CEO to succeed King

Westpac has named business and wealth division head Anthony Miller as its next chief executive, succeeding Peter King.

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Bega Cheese saw a 262 per cent boost in shares traded.
Markets
Raizinvest.com.au

The cheese company rocketing up the trading charts

In a relatively flat final week of August, trading in an Aussie cheese-making company surged on the back of a stark turnaround in the company’s profit margins.

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Star Casino’s new boss Steve McCann
Business
Simone Grogan

Star in funding dilemma amid inquiry fallout

Star Entertainment Group has brought in advisers to assess its financial woes, with directors still yet to sign off on this year’s numbers after it was hit with findings from a second damning inquiry.

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Woolworths expects tighter customer caution to remain for the rest of the financial year.
Business
Adrian Lowe

Shopper caution to remain for at least another year: Woolies

Outgoing Woolworths boss Brad Banducci expects shoppers will remain cautious for the next 12 months amid a tight economy.

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The world’s largest steel market has a bad case of the wobbles, and it spells big trouble for Australia.
Mining
Georgina Noack

Why is everyone panicking about iron ore prices?

The world’s largest steel market has a bad case of the wobbles, and it spells big trouble for Australia. Here’s everything you need to know.

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