Economy

Australian shares extended their losses on Thursday to book a five-day losing streak as investors trimmed their bets on the timing of anticipated rate cuts. Source

For a week each January, billionaires, celebrities, politicians and royalty converge on a ski resort in Switzerland to ponder society’s problems at an event dubbed the ‘Super Bowl of capitalism’. Source

The Australian share market tumbled on Tuesday to hit a four-week low as central bankers in Europe foreshadowed a delay in rate cuts. Source

Inflation’s broad slowdown continued in November, likely ending the Reserve Bank’s aggressive run of rate hikes, economists said. Source

Australian shares slipped on Wednesday even as fresh inflation figures undershot expectations. Source

The Australian share market posted solid gains on Thursdays after highly anticipated approvals were granted to bitcoin exchange-traded funds in the United States. Source

The share market edged lower on Friday after hotter-than-expected US inflation numbers raised doubts over the timeline of rate cuts by the US Federal Reserve while tensions in the Red Sea flared. Source

Borrowers hoping for reprieve from high interest rates may have to wait longer still with impending inflation data set to give the Reserve Bank clues on whether rate cuts can be contemplated. Source

The Australian share market extended its four-day losing streak on Monday as investors awaited fresh economic data for further clues on the direction of the monetary policy. Source

Australian shares posted solid gains on Tuesday, easing traders’ fears following a rough start to the year. Source

Australian shares extended their losses on Thursday after meeting minutes released by the US Federal Reverse heightened investors’ fears that interest rates would stay higher for longer. Source

Ten jobs that posted major wage growth last year will remain hot moving further into 2024, according to Payscale. Source

A family business owner has called on the Albanese government to urgently intervene in strikes at the nation’s ports that they claim have hammered their bottom line and could make the nation’s cost-of-living crunch worse. Source

The share market lost ground on Wednesday as investors pared back expectations that central banks would cut rates as aggressively as previously anticipated. Source

A privately held coal company has fallen into administration just months after it restarted operations at a mothballed mine, putting about 300 jobs at risk. Source

The Australian share market continued to close in on its record high on Thursday as a positive lead from Wall Street and a rally in the materials sector pushed the benchmark higher. Source

Some of the world’s biggest shipping companies have made the costly move to reroute their vessels to avoid passage through the Red Sea, following a spate of recent rebel attacks. Source

Australian shares were flat on Friday, the last trading before Christmas, as gains in energy and real estate stocks were weighed down by the consumer staples sector. Source

Thousands of last-minute shoppers have descended into shopping centres to snap up their holiday goods ahead of Christmas, despite new data showing the shocking impact of high cost-of-living on holiday spends. Source

As the clock ticks closer to 2024, one outspoken economist is making a dire predication about the markets in the new year. Source