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Australian shares inch higher as caution reigns

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Australian shares have clocked a second week of modest progress, as global bond yields, stubborn oil prices and local economic woes cap investor confidence.

ATO delays credit card payment ban

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Small businesses that rely on credit cards to pay tax have been handed a reprieve after Treasurer Jim Chalmers forced the tax office to push back its controversial payment ban in exchange for more

Firmus fizzles out: AI factory firm pulls $44b float

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What was set to be Australia's biggest initial public offering in a generation has collapsed in a stunning turnaround for the highly anticipated float.

Wall Street dips as crude oil prices jump

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US stocks have dipped as crude oil prices surged on a spike in Middle East tensions and a cut in US output ‌that fed inflation and rate-hike fears, while semiconductor stocks slumped.

Australian shares dive as bond market fears persist

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Australian shares have stumbled as bond market woes continue to weigh on investor confidence, with miners, banks and technology stocks taking hits.

Industry wants visas for skills that 'really matter'

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Migration policies delivered by the major parties are being described as a missed opportunity to bring construction apprentices to Australia to help boost desperately needed housing supply.

Labor has 'real concerns' over ATO credit card ban

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The tax man doubling down on blocking credit card payments has prompted accusations of a double standard and sounded alarm bells within the government.

Wall Street retreats from its record as stocks fall worldwide

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US stocks pulled back from their record on Wednesday.

Aussie share market ends flat after lacklustre session

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The Australian bourse has ended a disappointing session after trading sideways for most of the day, as investors took a cautious stance given a lack of obvious direction from Asia.

Population growth not stopping 'recession-like' economy

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Australians face "recession-like" conditions as the nation's increasing reliance on population growth over productivity catches up with policy-makers.

Business sector blasts coalition's migration policy

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Sweeping cuts to migration proposed by the coalition have been blasted by the business sector, while farming leaders back the approach that would bring workers back to the regions.

Miners and real estate lead Australian share rally

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Australian shares have clocked a third straight session of gains, as easing oil prices and confidence in the US market lifted investor sentiment.

Coalition slashes migrant intake to counter One Nation

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Angus Taylor has pledged to "regain control" of Australia's borders, unveiling sweeping cuts to the migration system in a bid to stem the flow of votes to One Nation.

Businesses cry out for help to fight off AI cyber risk

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Small businesses are calling for more support from the government to fight back against a rising tide of artificial intelligence-fuelled scams and cyber crime.

Nasdaq's record high close, investors focus on earnings

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The Nasdaq notched a record high close on Monday, lifted by ‌Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.

Aussie shares hand back early gains for flat finish

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Australian shares have traded flat after an early rally faded as multiple states paused for a public holiday and traders tracked sovereign debt concerns in Europe.

Australia to face heat on fossil fuels at climate talks

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Australia's climate credentials will face renewed scrutiny at an international summit in Fiji as the federal government considers approval for a major coal mine expansion. 

Softer jobs data quiets Wall St rate-hike expectations

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US stocks advanced to close out the trading week after weaker-than-expected jobs data dampened expectations for a rate hike from the Federal Reserve at its ‌policy meeting this month.

Aussie shares limp ahead to end four week loss streak

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Australian shares have scraped through to end a four-week losing streak, but investor confidence remains shaky as inflation, interest rates and a challenging earnings environment loom.

Wall Street bounces back as US Treasury yields recede

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US stocks have recovered from early ‌losses to close slightly higher, with the S&P 500 bouncing from a two-week low as a global bond sell-off reversed course after sending US Treasury yields to multi-decade highs.

Almost $60b wiped from ASX in bond-linked bloodbath

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Australia's share market has erased almost $60 billion in value in a day as soaring bond yields foreshadow higher global borrowing costs, hammering cyclical stocks.

No more card surcharge as small businesses cry foul

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Businesses will no longer be able to charge customers a direct fee for paying by card, in a move spruiked as helping to ease cost-of-living pressures.

Wall St mixed as US data shows moderate inflation rise

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The Nasdaq has climbed and the S&P 500 dipped, but both indices notched their second straight ‌quarterly gains, as a softer-than-anticipated inflation reading cooled expectations that Federal Reserve policy makers will hike rates in October.

Shares bounce after inflation print softens rate fears

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Australian shares have had their strongest session since early August after lower-than-feared inflation figures tempered concerns of further imminent interest rate hikes.

Greens reveal new leader after former head steps down

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David Shoebridge is the new leader of the Greens after Larissa Waters stepped down due to ill health.

Wall Street dips as bond yields remain high

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US stocks have ended the session slightly lower as government ‌bond yields continued their ascent ahead of inflation and labour market data while investors assessed comments from Federal Reserve officials for the path of interest rates.

Aussie shares up as bank boss bets against Cup day hike

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Australian shares have ended the day higher after the nation's's top central banker said the race that stops the nation won't likely accompany a rate hike that stops the economy.

OpenAI apologises for Medicare hack, creates task force

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An artificial intelligence giant whose agent went rogue and hacked an Australian government website has publicly apologised and committed to setting up a task force in an attempt to control its technology.

Stocks fall as higher oil prices, Treasury yields weigh

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US stocks have fallen as oil prices and Treasury ‌yields increased, with investors weighing uncertainty over the prospects for an Iran war peace deal and the effect on the Federal Reserve's rate path.

Greens leader suddenly quits after health 'downturn'

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Larissa Waters has quit as leader of the Greens due to worsening kidney disease.

South African gold giant set to pursue Northern Star

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One of the world's top mining firms is disappointed the board of Australia's leading goldminer has knocked back its near $40 billion takeover approach but isn't giving up its pursuit.

Australian shares suffer fourth straight losing week

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The Australian share market has fallen to a three-month low as oil prices and bond yields both moved higher and domestic interest rates looked to soon join them.