All Ords cracks 9,000 points as ASX closes the week higher
Australia's broader All Ordinaries index breaks the 9,000-point mark for the first time, as the benchmark ASX 200 set fresh records and finished the week higher. As it happened
Michael Janda is the ABC News Business Editor. He was the ABC’s first Business and Finance Cadet in 2008, and has since worked reporting on finance, business and economics across online, radio and TV, before becoming the inaugural Digital Lead for the Business Reporting Team. Michael’s time at the ABC has also included stints as a producer on Lateline Business and Business Today, and reporting roles with Lateline Business and The Midday Report on TV, and The World Today, PM and ABC News on radio. Michael holds a first-class honours in Political Economy from the University of Sydney and a law degree from UTS.
Australia's broader All Ordinaries index breaks the 9,000-point mark for the first time, as the benchmark ASX 200 set fresh records and finished the week higher. As it happened
Treasury's mistaken release of advice that "tax should be raised" looks like a happy accident for a treasurer determined for major reform.
The Australian sharemarket shed its early morning gains rising above 8600 points in the opening minutes of trading on Friday but closing 0.1 per cent lower at 8580.1, after US President Donald Trump's "avalanche" of tariff announcements.
RBA deputy governor Andrew Hauser says Australia needs a new "Golden Age" of economic thinking to solve the acute problems hitting our economy.
The Reserve Bank shocked most experts, and borrowers, by keeping interest rates on hold in July, but does it mean we might see a super-sized cut in August?
The federal government's economic think tank says Australia will likely be a winner from Donald Trump's tariffs if it does not retaliate and that we would be better off by removing more of the nation's remaining tariffs.
Qantas is warning a "significant" amount of customer data has likely been stolen from its records during a cyber attack against the airline on Monday.
Australia's share market has closed on a fresh record high, while Qantas shares slip as the airline reveals customer data was accessed in a cyber attack. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
The ASX closed lower on Friday and analysts say share market volatility is likely to remain high in the next few months given tariff uncertainties, concerns about US debt and likely weaker growth and profits.
The ASX has ended the day flat despite US stocks jumping overnight as the shaky Israel-Iran ceasefire appeared to hold. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Markets are betting that Iran has few palatable options to respond to the US bombing its nuclear facilities. But what if its leaders opt for a poison pill for them and the world?
The Australian share market has ended the week lower, with oil prices volatile in response to shifting prospects of the US joining Israel's strikes on Iran.
The Aussie share market closed lower after Israel's military strikes against Iran's nuclear program sites. The Middle East conflict is pushing up gold and oil prices.
Australian shares gained moderately after US and Chinese officials announce a "framework" deal to restore the flow of key products between the two countries. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.
Australia is teetering on the brink of falling back into a per capita recession, but the bad news could soon be good news for borrowers.
Commonwealth Bank customers reported problems with electronic transfers from their accounts, while stock markets digest the latest US tariff developments — as it happened.
What if there was a way to build 12 per cent more homes a year with no extra construction workers? Economists say there might be.
Australia's second largest operator of private hospitals has gone into receivership.
Australia's second-largest private hospital operator, which runs 37 hospitals across the country and employs about 19,000 people, has appointed receivers.
New South Wales residents will face by far the largest electricity bill increases across the country as the energy regulator releases its final price determination.
Westpac hasn't put a number on job cuts, after reports 1,500 could go. The Australian share market is higher following the Reserve Bank's decision to slash interest rates. Look back on the trading day with the ABC business and markets blog.
The Reserve Bank has cut interest rates amid greater confidence that the inflation battle is won, and will remain won, even if borrowing rates fall further from here.
Markets are still almost certain of an interest rate cut next Tuesday, and three by the end of the year, despite a shock 89,000 increase in employment. The ASX closed broadly flat as financial sector gains more than offset mining and energy losses.
The US treasury secretary has announced a 90-day pause in so-called "reciprocal" tariffs between the US and China, while the two nations negotiate a longer-term deal. See how events unfolded on our markets blog.
Australian shares closed higher on Friday ahead of this weekend's US trade talks with China, while US shares extend recent gains as Donald Trump's administration strikes its first post "Liberation Day" deal. Look back on the day's financial news and insights from our specialist business reporters on our live blog.