It's a wild ride for crypto prices, with volatility for Bitcoin after it surpassed $US100,000. The local share market slid at the close, while Woolworths attempted to end strike action affecting its supply chain. The day's events and insights as they happened.
Strong retail sales could keep interest rates higher for longer, ASX hits fresh record — as it happened
The ASX 200 edges higher, managing a new record. Better-than-expected retail sales figures dampen rate cut talk. Here's how the day's trade unfolded, with insights from our business reporters, on the ABC News markets blog.
Photo shows A crowd of people inside a shopping centre carrying shopping bags.Virgin-Qatar deal cleared for take-off, Cbus faces Senate grilling, ASX ends the week higher — as it happened
Despite finishing lower for the day, the ASX has ended the week higher, while the ACCC has given interim clearance to an alliance between Virgin Australia and Qatar Airways.
Photo shows Stock image of a Virgin planeWebjet sued by ACCC, ASX hits new record close, Star suffers 'first strike' — as it happened
The ASX closes at its highest level ever, Star Entertainment executives suffer a "first strike" at annual general meeting, and the ACCC takes Webjet to court over alleged misleading advertising.
Photo shows The Webjet homepage, showing a search for flights from Sydney to MelbourneRBA still unlikely to lower interest rates in 2024 despite inflation at its lowest level in more than three years
Australia's inflation rate remained steady in October, with rising prices for food, alcohol, cigarettes and recreational activities keeping it at 2.1 per cent annually.
Photo shows Household money picASX rises as inflation rate stays steady, RBNZ cuts interest rates — as it happened
Australia's annual inflation rate remained steady in October at a more than three-year low as electricity and fuel prices fell. The local share market rose after a rally on Wall Street. Follow how the day's trade unfolded on the markets blog.
Photo shows A blurred photo of the share trading boards at the Australian stock exchangeMarkets at the mercy of 'unrestrained Trump' as US president-elect threatens tariffs
Wall Street cheered the relatively orthodox choice the US president-elect made for his Treasury secretary nomination. Within hours, Trump threatened tariffs on key trading partners, reminding markets it's his world, not his cabinet's.
Photo shows Donald Trump points to the crowd while standing on stage surrounded by United States flags.ASX in the red, Aussie dollar drops on Trump tariff threat — as it happened
Local stocks reversed and the Australian dollar fell near a seven-month low as the incoming US president pledged a 25 per cent tariff on all products from Mexico and Canada. Here's how the trading day unfolded on the ABC News live markets blog.
Photo shows An electronic display shows data at the Australian Stock Exchange in Sydney, Friday, September 23, 2011Crypto crackdown 'like the Wright brothers being sued for not having a pilot's licence'
Cryptocurrency devotees are riding the recent crypto wave fuelled by Donald Trump's re-election in the US. But Australian industry figures says businesses and consumers are being let down by a lack of regulation.
Photo shows Golden coins with the Bitcoin logo on it are pictured.ASX gained 0.3 per cent to a new record close despite falls among the banks and miners — as it happened
Despite fading at the close, the ASX 200 still gained 0.3 per cent for its second record close in as many sessions. Look back at the day's events.
Photo shows Giant screen on the wall of the ASX, with large green numbers, showing the price of shares which have risen.ASX 200 and Bitcoin price climb to fresh records, WiseTech Global shares slump — as it happened
Local shares have ended the week on a positive note, while Bitcoin continued to close in on $US100,000. Coles executives were grilled on supplier deals and WiseTech shares fell after its annual meeting. Look back on how it unfolded on the markets blog.
Photo shows A stock market board shows prices going upMineral Resources fronts angry investors after tax scandal, ASX closes lower after Bitcoin hits record high — as it happened
The ASX closed lower on Thursday after Bitcoin set a new record high. Shares in Mineral Resources also sank as the company faced investor revolt after a tax scandal. Coles is facing the ACCC's supermarket inquiry as hundreds of Woolworths warehouse workers went on strike.
Photo shows A portrait of Mineral Resources managing director Chris EllisonHousing affordability deteriorates further, ASX retreats from record high — as it happened
The typical household faces spending half their income to service a new home loan, according to research from ANZ and CoreLogic, while the Australian share market ended lower.
Photo shows A bird's eye view of unit blocks and apartments with the ocean in the background on a sunny day.Woolworths refuses to answer ACCC's questions on bargaining power, Tesla rallies, ASX hits another intra-day record high — as it happened
Woolworths faced scrutiny at the ACCC's inquiry regarding its treatment of fruit and vegetable suppliers. Meanwhile, the ASX reached another intra-day record high. Catch up on the day's events and insights from ABC News' markets blog.
Photo shows WoolworthsASX bounces back, ACCC grills Woolworths and ASIC sues NAB — as it happened
The ASX 200 bounced back after an early stumble, while NAB was sued by ASIC and the ACCC grilled Woolworths' bosses. Look back at the day's events.
Photo shows shows green Woolworths illuminated sign at the entrance to the storeFederal government to require businesses to accept cash for fuel, groceries
The federal government will require businesses to accept cash as payment for groceries, fuel and other essentials, but will phase out cheques entirely within five years.
Photo shows A pile of Australian money, in both coins and notes.ASX closes higher, while another economist pushes back rate cut expectations to May — as it happened
The Australian share market closed higher on Friday. Corporate regulator warns of further action against the $4 trillion superannuation industry. Catch up on the day's events as they happened on the ABC News markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.As it happened: Huge spike in uninsured home borrowers, Cbus execs apologise before senate inquiry
An ASIC inquiry has been told mortgage insurance is too expensive, leading to a spike in uninsured mortgages. Catch up with the day's events and insights from our business reporters on the ABC News markets blog.
Photo shows Two hands hold a piggy bank full of coins.Wages growth slows, CBA logs flat first-quarter profit, ASX falls — as it happened
Wages growth has slowed to 3.5 per cent over the past year, but continues to outpace inflation. Meanwhile, a fall on Wall Street has sent Australian stocks sharply lower. Look back at the day's events.
Photo shows The exterior of a Commonwealth Bank branchm including the brand's logos.Rex given $80m bailout, while ACCC warned Qantas controls 65pc of market and prices are up, ASX loses ground — as it happened
Qantas defended itself from allegations of "slot hoarding" at a heated Senate inquiry, while the federal government gave regional airline Rex an $80 million lifeline as its voluntary administration is extended. Catch up on the day's events and insights live on ABC's markets blog.
Photo shows A Regional Express (REX) aircraft unloads at Charleville Airport in south-west Queensland.ASX falls 0.4pc on 'disappointing' Chinese stimulus package, Resolute Resources executives detained in Mali, shares crash — as it happened
The ASX has been dragged down by mining stocks in response to a disappointing new financial rescue package in China. Meanwhile, three Resolute Resources executives, including the CEO, have been detained in Mali over a dispute with the government. Look back at the day's events.
Photo shows A stock trader looks down at a tablet as he works on the floor of a busy stock exchange while surrounded by screens.