Anyone looking to global markets for a clue as to how the midterms will pan out will have to wait for the result. But expect a reaction, no matter what happens.

#trump

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Jefferies hovers up 12pc of fruit canner SPC Global

Business & Economy

1w ago

Jefferies hovers up 12pc of fruit canner SPC Global

Someone’s hoovering up a foothold stake in the fruit canning business.

#spc #jefferies

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Scyne full-year net loss narrows to $9.7m after staff cuts

Business & Economy

1w ago

Scyne full-year net loss narrows to $9.7m after staff cuts

Revenue at the public sector advisory firm, backed by private equity firm Allegro Funds, fell 4 per cent to $200 million.

#scyne #allegro #funds

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RBA’s ugly outlook spells tough times for Australia’s economy

Business & Economy

1w ago

RBA’s ugly outlook spells tough times for Australia’s economy

The Reserve Bank has revised its forecasts for economic growth, inflation and unemployment in its latest statement on monetary policy.

#rba #monetary-policy #australia

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‘Feels like a recession’ says Bullock as interest rates hit 4.85pc

Business & Economy

1w ago

‘Feels like a recession’ says Bullock as interest rates hit 4.85pc

The Reserve Bank has raised rates for the fifth time this year, taking mortgage repayments to near-record levels and adding pressure on Treasurer Jim Chalmers to cut government spending.

#rba #interest-rates #bullock

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Canva revenue stuck in mud, confidential data shows; job cuts loom

Business & Economy

1w ago

Canva revenue stuck in mud, confidential data shows; job cuts loom

The company had a “2026 foundation goal” of hitting $US5.2 billion in annualised revenue excluding tax. It’s just not happening.

#canva

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The investing mistake 45pc of Australians regret making

Business & Economy

1w ago

The investing mistake 45pc of Australians regret making

There are positive signs that investors can look through periods of market volatility and buy the dips.

#australia

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‘Everything is destroyed’: Supermarket fridges hit 50 degrees after cyberattack

Business & Economy

1w ago

‘Everything is destroyed’: Supermarket fridges hit 50 degrees after cyberattack

From Ireland to IKEA freezers in Sweden, hackers turned up the heat on fridges and freezers, forcing stores to throw away food.

#supermarket #sweden #belgium

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Traders are betting the RBA’s race is run, is it a mistake?

Business & Economy

1w ago

Traders are betting the RBA’s race is run, is it a mistake?

The RBA is certain to lift the cash rate to an 18-year-high. But are traders getting ahead of themselves in betting the worst is over for beaten-up ASX stocks?

#rba

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Hypocritical ACTU helped drive high inflation, says business

Business & Economy

1w ago

Hypocritical ACTU helped drive high inflation, says business

The Australian Chamber of Commerce and Industry has accused the ACTU secretary of “bad economics” and “corrosive politics” for protesting outside the RBA

#rba #actu #inflation

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Top fashion brands divert Christmas stock from struggling David Jones

Business & Economy

1w ago

Top fashion brands divert Christmas stock from struggling David Jones

At least two high-profile womenswear labels have pulled their holiday stock out to send to their own stores as restructuring talks come to a head.

#christmas #jones

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