Aussie shares were in the red on Monday as the market grappled with tensions on Wall Street and a looming decision on interest rates.
Ike Morris
Chalice has struck gold and copper in the NT, giving battered shareholders something to cheer. Boss Alex Dorsch says the explorer is ‘cashed up’ and eyeing more drilling before Christmas.
Ryan Johnson
Rip Curl and Kathmandu’s embattled owner KMD Brands has entered into exclusive talks with a US retail giant for a potential takeover.
Cheyanne Enciso
Westpac’s annual profit fell short of expectations at $6.81 billion as the big four bank forecast a near-11 per cent slide in house prices and its boss raised the prospect of more interest rate pain.
Asian markets have opened lower, amid concerns about the sheer scale of AI capex, while has gold hit a one-year low and oil prices slipped.
Wayne Cole
Westpac’s profit missed expectations as chief executive Anthony Miller said Australia’s economic outlook remains uncertain.
Richard Henderson
A rout in tech stocks has been sparked by disappointing quarterly results from Intel and Amazon, with all three major US stock indexes slumping.
Stephen Culp and Purvi Agarwal
The ASX 200 has closed modestly higher despite a volatile session, as a historic US$500 billion AI-linked wipe-out in Alphabet dragged local tech stocks sharply lower.
Cameron Micallef
The fortunes of WA’s mines and corporate giants reach into share portfolios across the country. Five big names paid shareholders $23.1bn in a year, though some investors received less than a year earlier.
Amazon and Intel are the latest tech stocks to fall as worries grow about the future of AI, while US bonds have surged towards sharpest monthly gain in years.
Iain Withers and Ankur Banerjee
A lead and silver mine that caused its previous owner to go bankrupt swung to a massive profit for the recent financial year.
Adrian Rauso
The owner of liquor chains Dan Murphy's and BWS continues to disappoint shareholders, but its leaders are confident they can turn its fortunes around.
Adrian Black
US stocks have closed lower as investors digested Alphabet's quarterly report amid concerns about artificial intelligence spending.
Stephen Culp and Shashwat Chauhan
The outgoing chair of the company behind Bunnings and Kmart has used his final AGM address to take a parting shot at federal and state tax reform failures.
Australia’s major banks and real estate stocks have powered the ASX 200 higher, defying hotter-than-expected inflation data and looming RBA rate hike fears.
Three of Australia’s most powerful retailers have simultaneously flagged slowing sales as cost-of-living pressures bite hard.
Europe stocks and bonds have rallied before an expected pause in the European Central Bank's rate hikes, while investors also look to more AI-related earnings.
Marc Jones and Stella Qiu
The household spending crunch exacerbated by four rounds of interest rate rises this year — and the real risk of a fifth next week — is taking a toll on Wesfarmers’ biggest earner.
Daniel Newell
The corporate regulator is seeking information from investment banks on the failed Firmus initial public offering earlier this month, stopping short of opening a formal investigation into the matter.
The Nova mine has gone out with a bang as owner IGO prepares to shutter the Goldfields operation over the next few days after almost a decade of production.
The latest results from one of Australia’s biggest retailers has offered a grim prediction of what may lie ahead for the sector as it heads into the vital festive season trading period.
US stocks have closed higher after the Federal Reserve decided not to raise its main interest rate.
A hotter-than-expected inflation figure has wiped out early ASX gains, with an economist warning a Melbourne Cup interest rate rise is now an “odds-on favourite.”
