Australian shares are poised to open lower, reflecting weakness in New York as investors await key US inflation data, which could disrupt expectations of a quarter point rate cut from the Federal Reserve next week. ASX futures are down 27 points, or 0.3 per cent, near 8.30am. Overnight, the Australian… Read More »ASX to slip, ASIC sues collapsed Rex for lack of disclosure
Bond traders have aggressively ramped up bets for back-to-back rate cuts early next year after the Reserve Bank of Australia said it was gaining some confidence that inflation was moving sustainably towards its target. At its last board meeting of the year on Tuesday, the central bank as widely expected… Read More »Bond traders eye back-to-back rate cuts
Stocks fell on Tuesday as traders digested a year-end rally to record levels. They also awaited new U.S. inflation data set for release this week. The S&P 500lost 0.3% to end at 6,034.91, and the Nasdaq Compositedropped 0.25% to 19,687.24. Both indexes booked back-to-back losses. The Dow Jones Industrial Averagedeclined… Read More »Dow falls more than 150 points to notch four losing days as year-end rally takes a breather: Live updates
Amazon’s millions of third-party sellers will be able to bring their sales and inventory data into Intuit QuickBooks through a new integration.The companies are targeting mid-2025 to bring the product to market, starting with sellers in the U.S.Amazon’s marketplace accounts for more than half of all goods sold by the… Read More »Amazon is bringing Intuit QuickBooks software to its millions of third-party sellers
Australia’s growth in output and real income per person since 2013 has been close to the bottom of the developed democracies. This follows more than two decades near the top. My new book, Let’s Tax Carbon: and Other Ideas for a Better Australia, discusses the causes and suggests a path… Read More »There’s a compelling case for RBA reducing interest rates on Tuesday
Australian shares are poised to edge higher with commodities advancing on plans by China to do more to bolster flagging growth. The US listed shares of BHP and Rio Tinto each surged more than 4 higher. The currency rallied more than 1.1 per cent, then eased slightly. Bitcoin slid below… Read More »ASX to rise on prospect for bolder China stimulus, Wall St slips
Morgan Stanley says investors should be buying up the Australian dollar and dumping the greenback because the US Federal Reserve will cut interest rates more aggressively than expected and American trade tariff concerns are overblown. The US investment giant’s bullish call is in stark contrast to Australia’s biggest lenders, with… Read More »This US bank makes a bold call on the $A
The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares struggling and investors looking ahead to key inflation data due out this week. The broad market index fell 0.61% to close at 6,052.85, and the tech-heavy Nasdaq slid 0.62% to end at 19,736.69. The Dow Jones Industrial Average shed 240.59 points,… Read More »Dow drops more than 200 points, S&P 500 pulls back from record as Nvidia slides: Live updates
Rather than smashing jobs or going too soft, the Reserve Bank governor is weaving through the inflation challenge with a hawkish comment here, a dovish quip there and a steady interest rate. It’s 55 minutes into the 1986 World Cup quarter-final between Argentina and England. Diego Maradona, an extraordinary footballer, having… Read More »Michele Bullock could be the Maradona of Australian central banking
Business investment is at recession levels as Australia’s productivity growth slumps to 30th out of 35 rich countries, according to a new McKinsey report that warns declining living standards are now a “national emergency”. Australia has had zero labour productivity growth since 2016, showing up in higher costs for business… Read More »Australia is now an economic ‘problem child’: McKinsey