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Live: US shares slide on rate fears despite Nvidia's $US218b rally, with ASX set to follow lower
via abc.net.au
The major US share indices have slipped as fears of higher interest rates for longer outweighed continued optimism in the tech sector over AI, which saw Nvidia's share price jump by more than 9 per cent. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
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Live: ASX drops on global higher-for-longer rate fears, Nvidia surges by $US218b
via abc.net.au
The ASX is following US markets lower as worries about higher interest rates for longer outweigh continued AI optimism in the tech sector, which saw Nvidia's share price jump by more than 9 per cent. Follow the latest on our live markets blog.
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ASX down for week on global higher-for-longer rate fears, Nvidia surges by $US218b — as it happened
via abc.net.au
The ASX followed US markets lower on Friday as worries about higher interest rates for longer outweighed continued AI optimism in the tech sector.
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NT tourism operator charged after allegedly modifying bus without approvals before fatal crash
via abc.net.au
Emu Run Tours is alleged to have made a change to one of its busses without assessments or approvals before it crashed and killed a 69-year-old man.
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Bus driver sacked after young boy trapped by door, dragged along busy road
via abc.net.au
A 12-year-old boy is recovering after being seriously injured when he became trapped in a bus door and dragged along the road.
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At Close of Business podcast May 23 2024
Nadia Budihardjo speaks to Mark Beyer about the demand for services in the largest law firms in Perth.
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PEP Transport and Optus Stadium partner up
Optus Stadium and PEP Transport have joined forces, where the latter will be the official transport and logistics partner to the sporting stadium and VenuesLive.
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Eagers drop pinches Wheatley fortune
Car dealer Eagers Automotive’s dramatic share price drop this week was costly for shareholders, notably the local Wheatley family whose stake value fell more than $30 million in value yesterday.
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Aust shares fall after hawkish Federal Reserve minutes
The ASX200 has dropped 0.5 per cent after US Federal Reserve minutes showed some officials were willing to raise interest rates.
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RareX shares up following acquisition
Shares in specialist rare earths company RareX closed 31 per cent higher on Thursday to 1.9 cents per share, following news that the Subiaco-based company had acquired the Kaleesi niobium-rare earth project.
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Mettam cool on nuclear despite Dutton's Collie call
Liberal Party WA leader Libby Mettam says her position on nuclear has not changed, despite suggestions by Peter Dutton that a site like Collie could one day host a nuclear power plant.
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'It's like a dirty secret': The industry where employers 'systemically' underpay staff
via abc.net.au
"Institutionalised" underpayment of social services workers is rife, according to a new report, with many staff not knowing how much they should be getting paid.
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'It's like a dirty secret': Report reveals how family violence and social workers are being ripped off
via abc.net.au
"Institutionalised" underpayment of social services workers is rife, according to a new report, with many staff not knowing how much they should be getting paid.
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A third of family violence and social services workers are underpaid due to 'systemic' pay violations, report finds
via abc.net.au
"Institutionalised" underpayment of social services workers is rife, according to a new report, with many staff not knowing how much they should be getting paid.
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Singapore Airlines CEO visits Australian couple 'in limbo' after turbulent flight
via abc.net.au
An Australian man injured on the Singapore Airlines aircraft that suffered extreme turbulence this week says he hopes to bring his wife home in a medical flight.
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'Blood on the roof': Couple recounts moment Singapore Airlines flight hit extreme turbulence
via abc.net.au
Adelaide resident Jenny Hall, who was travelling on the Singapore Airlines flight which experienced extreme turbulence this week, says a decision to not go to the bathroom may have saved her from serious injury.
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Australian couple 'in limbo' for medical evacuation after being injured in Singapore Airlines flight
via abc.net.au
An Australian man injured on the Singapore Airlines aircraft that suffered extreme turbulence this week says he hopes to bring his wife home in a medical flight.
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Optus to defend allegations it didn't properly protect its customers' details in a cyber attack
via abc.net.au
The details of millions of Optus customers were exposed when an offshore actor hacked its company database two years ago.
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Canberrans urged to shop around as electricity bills set to increase from July
via abc.net.au
Canberrans are being encouraged to shop around to look for a better deal in order to save money as the increase applies to the standing offer only.
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Canberra power bills to increase by $240 annually for the average household
via abc.net.au
Canberrans are being encouraged to shop around to look for a better deal in order to save money as the increase applies to the standing offer only.
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Plenty of life in 2023 chardonnay
It seems Margaret River isn’t the only region in WA producing top-shelf chardonnay.
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EcoGraf signs $13.5m farm-in deal
Junior exploration company EcoGraf has signed a farm-in agreement with gold mining giant AngloGold Ashanti Holdings for $US9 million, or $13.5 million.
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Kalium Lakes selling for parts at auction
Assets of failed Western Australian potash miner Kalium Lakes are being auctioned off after the project failed to find a buyer
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Review for kunanyi/Mt Wellington park management announced, but 'we don't need Disneyland-type solutions', mayor warns
via abc.net.au
Hobart's kunanyi/Mt Wellington attracts more than 400,000 visitors per year, most who drive up a winding road to reach its summit. A review of transport options and the park's management will soon kick off — and will likely include talk of a cable-car.
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Cable-car debate set for reignition amid review of managment of Hobart's mountain and park
via abc.net.au
Hobart's kunanyi/Mt Wellington attracts more than 400,000 visitors per year, most who drive up a winding road to reach its summit. A review of transport options and the park's management will soon kick off — and will likely include talk of a cable-car.
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Green light for $14m Hammond Park centre
A $14 million neighbourhood centre, which was opposed by the Cancer Council for promoting fast food close to a school, has been approved by a development assessment panel.
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Sydney man becomes cryonics facility's first client, with hopes he will eventually be brought back to life
via abc.net.au
An unexpected dying request has resulted in a Sydney man being cryogenically frozen in a groundbreaking Australian move.
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House prices surge in SA's biggest regional city but construction of new homes slows
via abc.net.au
Mount Gambier has one of the quickest-growing housing markets in Australia, but concerns over water and sewerage infrastructure bring new home builds to a standstill.
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'Heartache' as sewage treatment plant fire forces closure of ski resort ahead of snow season
via abc.net.au
The snow season at Charlotte Pass could be under threat after a devastating fire, as its owners meet with the State Government to help plan their recovery.
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Anglo American rejects $74b BHP takeover bid, leaving Queensland miners in limbo
via abc.net.au
The fate of thousands of Queensland coal miners and their communities is in limbo, with BHP given a week to come back to the table with a better offer.
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Ministerial approval for Atlas project
West Perth-based Image Resources remains focused on beginning construction at its Atlas mineral sands project later this year, following news the site has received ministerial approval.
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Communications minister claims vindication after probe into mobile black spot funding
via abc.net.au
The federal opposition had accused Labor of buying votes with the $40 million program, but the probe finds the department was "largely effective" in awarding money.
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Dutton maps ‘turbo’ resources vision
Opposition leader Peter Dutton has accused the government of betraying its words with actions on gas policy, while outlining a plan to “turbo charge” the nation’s energy and resources sectors.
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Dutton maps 'turbo' resources plan
Opposition leader Peter Dutton has accused the government of betraying its words with actions on gas policy, while outlining a plan to “turbo charge” the nation’s energy and resources sectors.
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Medical centre with MRI to be built in Broome
A health facility housing an MRI, medical imaging, GP and daycare backed by DNTL Code founder Mulcahy has been earmarked for Broome.
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'Life is harder than it used to be' for young people, and this economist says that needs to change
via abc.net.au
Australia is at risk of "giving up on equity" if governments fail to reform housing and tax policies to improve the economic prospects of younger generations, according to Ross Garnaut, one of the country's most respected economists.
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Leading economist Ross Garnaut says life was much easier for young people when he was their age. Here's why
via abc.net.au
Australia is at risk of "giving up on equity" if governments fail to reform housing and tax policies to improve the economic prospects of younger generations, according to Ross Garnaut, one of the country's most respected economists.
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Price not right for WA realtors
The practice of listing homes for sale without a price is wasting prospective buyers’ time and needs government action if the industry won’t voluntarily step up.
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WA to establish second China office
The state government has today announced a second trade and investment office in China, becoming the first Australian state to have a presence in the Zhejiang Province.
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Concern 'environmentally destructive' logging continues in slated national park despite ban
via abc.net.au
After celebrating the end of native forest logging in Victoria, conservationists say it continues under another name.
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This is where customers can expect modest tweaks to power prices after new market rates set
via abc.net.au
Beyond government handouts, power prices aren't likely to drop for consumers this year, after the country's biggest energy regulator passed on a mixed bag of tweaks to benchmark rates.
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Power pain to ease as regulator hands down modest price relief
via abc.net.au
Embattled electricity consumers are set for modest relief after energy regulators cut benchmark power prices in most states.
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Albanese releases $543m battery manufacturing plan
The federal government has unveiled Australia’s first national battery strategy, a $543 million push to become a global leader in the space.
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'World-leading' green iron facility to tap into nearby high-grade ore, green hydrogen development
via abc.net.au
Green iron is made with renewable energy sources that do not release carbon dioxide, instead releasing water, making it as decarbonised as possible. This week, a company announced plans to build a facility in Gladstone and mine ore nearby.
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'No regrets': Owners of iconic Brisbane mansion reveal results of mammoth restoration
via abc.net.au
The mammoth task of restoring Lamb House to its previous brilliance went millions of dollars over budget and finished years after it was expected to. But, its owners say they have "no regrets".
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Multi-million-dollar restoration of iconic Brisbane house completed
via abc.net.au
The mammoth task of restoring Lamb House to its previous brilliance went millions of dollars over budget and finished years after it was expected to. But, its owners say they have "no regrets".
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The hidden costs of home ownership and why they're on the rise
via abc.net.au
Paying a mortgage is just one part of home ownership. Here are some of the other expenses to factor in.
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The extra costs of home ownership that can come as a surprise
via abc.net.au
Paying a mortgage is just one part of home ownership. Here are some of the other expenses to factor in.
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Whyalla mine workers face job losses as hematite nears depletion
via abc.net.au
Contractor Golding will slash at least 38 roles "as soon as practical" with "further reductions also expected", according to a memorandum leaked to the ABC.
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