Rolling coverage of the latest economic and financial newsLatest: London stock market hits five-month closing highDow Jones industrial average hits 30k!Wall Street jumps as Biden transition process formally begins
Bitcoin hits $19,000 as all-time high looms
Introduction: Joe Biden finally starts formal transition 9.16pm GMT And finally, Wall Street has ended the day at fresh record closing highs.Shares were lifted by relief that President-elect Joe Biden’s transition to the White House is
✗ Close categories
✗ Close categories
Animals
Apple
Apps & Smartphones
Arts
Business
Cars
Celebrities
Child Care
Christianity
Conspiracy theories
Apple
Apps & Smartphones
Arts
Business
Cars
Celebrities
Child Care
Christianity
Conspiracy theories
✗ Close categories
✗ Close categories
✗ Close categories
Formula 1 - McLaren Videos
Formula 1 - Mercedes AMG Petronas Videos
Formula 1 - Sauber F1 Team Videos
Formula 1 - Mercedes AMG Petronas Videos
Formula 1 - Sauber F1 Team Videos
Formula 1 - Scuderia Ferrari Videos
Formula 1 - Scuderia Toro Rosso Videos
Formula 1 - Team Lotus Videos
Formula 1 - Scuderia Toro Rosso Videos
Formula 1 - Team Lotus Videos
✗ Close categories
✗ Close categories
✗ Close categories
Adelaide
Albany
Albury
Alice Springs
Armidale
Bacchus Marsh
Bairnsdale
Ballarat
Ballina
Barwon Downs
Batemans Bay
Bathurst
Bendigo
Blaxland
Bongaree
Bowral
Brisbane
Broken Hill
Broome
Buderim
Bunbury
Bundaberg
Burnie
Busselton
Byron Bay
Caboolture
Cairns
Caloundra
Canberra
Casino
Central Coast
Cessnock
Coffs Harbour
Colac
Albany
Albury
Alice Springs
Armidale
Bacchus Marsh
Bairnsdale
Ballarat
Ballina
Barwon Downs
Batemans Bay
Bathurst
Bendigo
Blaxland
Bongaree
Bowral
Brisbane
Broken Hill
Broome
Buderim
Bunbury
Bundaberg
Burnie
Busselton
Byron Bay
Caboolture
Cairns
Caloundra
Canberra
Casino
Central Coast
Cessnock
Coffs Harbour
Colac
Craigieburn
Cranbourne
Dalby
Darwin
Devonport
Drouin
Dubbo
Echuca
Emerald
Forbes
Gawler
Geelong
Geraldton
Gladstone
Gold Coast
Goulburn
Grafton
Griffith
Gympie
Hamilton
Hervey Bay
Hobart
Horsham
Kalgoorlie
Karratha
Katoomba
Kawana
Kempsey
Kiama
Kingaroy
Kingston
Kwinana Town Centre
Launceston
Cranbourne
Dalby
Darwin
Devonport
Drouin
Dubbo
Echuca
Emerald
Forbes
Gawler
Geelong
Geraldton
Gladstone
Gold Coast
Goulburn
Grafton
Griffith
Gympie
Hamilton
Hervey Bay
Hobart
Horsham
Kalgoorlie
Karratha
Katoomba
Kawana
Kempsey
Kiama
Kingaroy
Kingston
Kwinana Town Centre
Launceston
Lismore
Lithgow
Mackay
Maitland
Mandurah
Maroochydore
Maryborough
Melbourne
Melton
Mildura
Moe
Mornington
Morwell
Mount Eliza
Mount Gambier
Mount Isa
Mount Martha
Mudgee
Murray Bridge
Muswellbrook
Nambour
Nerang
Newcastle
Nowra
Orange
Pakenham
Palmerston
Parkes
Perth
Port Augusta
Port Hedland
Port Lincoln
Port Macquarie
Lithgow
Mackay
Maitland
Mandurah
Maroochydore
Maryborough
Melbourne
Melton
Mildura
Moe
Mornington
Morwell
Mount Eliza
Mount Gambier
Mount Isa
Mount Martha
Mudgee
Murray Bridge
Muswellbrook
Nambour
Nerang
Newcastle
Nowra
Orange
Pakenham
Palmerston
Parkes
Perth
Port Augusta
Port Hedland
Port Lincoln
Port Macquarie
Port Pirie
Portland
Queanbeyan
Raymond Terrace
Redcliffe
Richmond
Rockhampton
Rockingham
Rosebud
Sale
Sawtell
Shepparton
Singleton
Sunbury
Sunshine Coast
Swan Hill
Sydney
Tamworth
Taree
Toowoomba
Townsville
Traralgon
Ulverstone
Victor Harbor
Victoria Point
Wagga Wagga
Wangaratta
Warragul
Warrnambool
Warwick
Whyalla
Wodonga
Wollongong
Portland
Queanbeyan
Raymond Terrace
Redcliffe
Richmond
Rockhampton
Rockingham
Rosebud
Sale
Sawtell
Shepparton
Singleton
Sunbury
Sunshine Coast
Swan Hill
Sydney
Tamworth
Taree
Toowoomba
Townsville
Traralgon
Ulverstone
Victor Harbor
Victoria Point
Wagga Wagga
Wangaratta
Warragul
Warrnambool
Warwick
Whyalla
Wodonga
Wollongong
✗ Close categories
-
Dow hits 30,000-point record high as markets welcome Biden transition –as it happened
via theguardian.com -
Stock market rally pushes Dow Jones to record high of 30,000
via theguardian.comDow rallies by 450 points to close above 30,000 for first timeInvestors cheer hopes of vaccine and smooth Biden transitionThe Dow Jones Industrial Average has topped the 30,000 mark for the first time as financial markets around the world rally amid hopes for a coronavirus vaccine and smooth transition to a Joe Biden presidency.The landmark for the Wall Street market comes as investors bet rapid medical advances will bring the Covid outbreak to an earlier end than feared, paving the way for a sw -
Warnings of Christmas pain for WA tourism players if the Victorian border doesn't fall soon
via abc.net.auMost of Western Australia's interstate visitors come from Victoria and if the border is not open soon, local operators will be hurting according to the state's tourism council. -
Warnings of Christmas pain for WA tourism operators if the Victorian border doesn't fall soon
via abc.net.auMost of Western Australia's interstate visitors come from Victoria and if the border is not open soon, local operators will be hurting according to the state's tourism council. -
WA approaches decision on reopening its border to Victoria amid warning from tourism industry
via abc.net.auMost of Western Australia's interstate visitors come from Victoria and if the border is not open soon, local operators will be hurting according to the state's Tourism Council. -
'Exuberant' ASX rises after Dow Jones hits 30,000 points, but risks COVID 'correction'
via abc.net.auAustralian shares are at a nine-month high after the Dow Jones hit a new record ahead of the US "dark winter", bitcoin surges above $US19,000, while some analysts warn of a market "correction" if a COVID vaccine isn't ready by mid-2021. -
Dow Jones hits record high 30,000 points, ASX to lift on COVID-19 vaccine euphoria
via abc.net.auAustralian shares are set to rise as Wall Street's industrial index hit 30,000 points for the first time ever due to COVID-19 vaccine euphoria and bets of a quick economic rebound. -
Dow Jones hits record high 30,000 points, ASX to lift
via abc.net.auAustralian shares are set to rise as Wall Street's industrial index hit 30,000 points for the first time ever due to COVID-19 vaccine euphoria and bets of a quick economic rebound. -
ASX jumps on COVID-19 vaccine euphoria, Dow Jones hits 30,000-point record
via abc.net.auAustralian shares lift sharply as Wall Street's industrial index hit a record high ahead of a "dark winter", while bitcoin surges above $US19,000 for the first time in three years. -
Calls to 'get rid of the checkpoints completely' as Queensland borders reopen
via abc.net.auThe easing of Queensland's border restrictions has been celebrated along the southern Gold Coast, but uncertainty around road checkpoints remains a source of frustration. -
Madeline's employer is going 'hybrid'. Now major corporations are following suit
via abc.net.auThe pandemic has brought on a spectacular upheaval of working arrangements that looks to be settling in long term. One major corporation has told staff they will be splitting their time between office and home, even after a vaccine is available. -
Reshape the economy for our sake and the planet’s | Letters
via theguardian.comColin Hines and Kevin Donovan respond to an editorial on Rishi Sunak’s economic strategy
Your editorial (23 November) highlights how Rishi Sunak is softening the country up for more, long-term austerity, and Polly Toynbee (By freezing pay and benefits, Sunak will be levelling down, not up, 24 November) eloquently points out its inevitable adverse effects on individuals, society and our economic wellbeing. This should surely remind us of the failure of the left to counter George Osborne&rsq -
Brexit stems from a civil war in capitalism – we are all just collateral damage | George Monbiot
via theguardian.comTo one sort of capitalist, the insecurity and chaos that Brexit will bring is horrifying. To the other, it is highly profitableWhere there is chaos, the government will multiply it. Where people are pushed to the brink, it will shove them over. Boris Johnson ignored the pleas of businesses and politicians across the UK – especially in Northern Ireland – to extend the Brexit transition process. Never mind the pandemic, never mind unemployment, poverty and insecurity – nothing mu -
Surge in online shopping eases pressure on UK retailers, says CBI
via theguardian.comBusiness group says autumn lockdown not nearly as damaging to sales as Covid shutdown in springA surge in shopping from home has eased the pressure on retailers caused by England’s four-week lockdown and tighter restrictions in the rest of the UK, according to a survey from the CBI.The employers’ organisation reported that while the level of spending was well below normal there were also clear signs of consumers substituting online purchases for visits to stores in person.What’ -
Ghet was asked to make face masks for 80 cents apiece. There are thousands of hidden workers like her
via abc.net.auThere are no official data on how many Australian garment workers are sewing from home, but it is estimated there are thousands. -
Narrabri gas project clears final hurdle, work to begin in the new year
via abc.net.auA controversial multi-billion-dollar coal seam gas project in north-west NSW, which has been touted to meet half the state's gas needs, has cleared its final hurdle and work will commence in 2021. -
The winners and losers in Victoria's big Budget
via abc.net.auThe Victorian Government is borrowing and spending billions to help the state's economy recover from the pandemic. Here are some of the winners and losers. -
World's top latex glove maker shuts factories over coronavirus outbreak
via abc.net.auMore than half of Top Glove's factories have stopped production while the company screens and quarantines its workforce after more than 2,000 employees test positive for COVID-19. -
By freezing pay and benefits, Sunak will be levelling down, not up | Polly Toynbee
via theguardian.comThe chancellor’s spending review will hit the north hardest: prepare yourselves for a new austerity
The gargantuan sums will look big enough to see from space. Noughts too many to count, in every number for borrowing and spending, may numb the senses. “No austerity,” the government will declare. But not for long.In this week’s spending review, the chancellor will fulfil Boris Johnson’s lavish manifesto bribes – more police, doctors, nurses and hospitals, as we -
Trains will not cross Sydney Harbour Bridge for first 10 days of January
via abc.net.auThe Sydney Harbour Bridge's 88-year-year old rail corridor will be replaced at the start of 2021, meaning trains won't be able to cross the structure for the first 10 days of the year. -
Trains will not be able to cross Sydney Harbour Bridge for first 10 days of January
via abc.net.auThe Sydney Harbour Bridge's 88-year-old rail corridor will be replaced at the start of 2021, meaning trains won't be able to cross the structure for the first 10 days of the year. -
What did Adelaideans do at home during the hard lockdown? SA Water has some answers
via abc.net.auSouth Australia went into a two-and-a-half-day hard lockdown last week due to a COVID-19 cluster in the city's northern suburbs, forcing people to keep busy at home as temperatures continued to climb. -
Two charged over alleged crime operation targeting ATMs in high-risk heists
via abc.net.auQueensland Police dismantle an alleged crime ring targeting ATM machines across south-east Queensland, with the alleged thieves accused of stealing more than $40,000 in cash.
29 Nov 202028 Nov 202027 Nov 202026 Nov 202025 Nov 202023 Nov 202022 Nov 202021 Nov 202020 Nov 202019 Nov 2020
Follow @Economic_News_ on Twitter!