ALL ORDS 8,700.00 +0.47% AUD/USD 0.6498 -0.07% ASX 200 8,444.30 +0.45% OIL 69.18 +0.67% GOLD 2,673.30 +0.32% Bitcoin AUD 146,352.33 +1.36% XRP AUD 2.24 +0.61% Tradie turned $60m landlord hits back after boat party controversy Buyers agent Sam Gordon said property investors were actually helping "solve" the rental crisis. Yahoo Finance AU • 9 hours ago $600k a year: Top 15 highest-paid jobs in Australia Last chance to claim $100 cost-of-living support Major Aussie company stocked in Woolies, Coles collapses Black Friday warning as shopper exposes 'unhinged' new trend Aussie saved from making horror $1.2 million mistake 'NOT COST A THING: Aussies save $1,300 on bills and bag $3000 Latest Australia Senate Passes Bill to Overhaul Central Bank Board RBA’s Bullock Says Inflation Too High to Consider Rate Cuts One word explains why rates haven’t dropped Aussie shares hit fresh record high ‘Not yet:’ Grim warning on renewables rollout Warning as banks move away from rate cut South Korea Girds for Trump Tariff Impact With Surprise Rate Cut Australia Facing Elevated Risk of Wildfires as Summer Looms More news Musk is promising massive cuts in red tape. But Trump's agenda could add regulations elsewhere. Elon Musk and Vivek Ramaswamy are promising to go to war with government red tape. But they will face formidable foes — and perhaps not just from the "unelected bureaucrats" they often pillory. Key Fed inflation gauge shows PCE 'going sideways' October's Personal Consumption Expenditures report is the latest data the Fed will consider in its next interest rate decision. Mortgage rates edge lower after Trump picks Bessent to lead Treasury Mortgage rates were little changed this week as financial markets reacted to President-elect Donald Trump’s slate of Cabinet picks. The US labor market has become 'low-hire, low-fire' Fewer Americans are filing for unemployment benefits. But that doesn't mean companies are hiring. Dell stock sinks after company warns AI spending 'will not be linear' Dell Technologies stock sank Wednesday as the company took a cautionary approach to its fourth quarter guidance, warning that AI growth "will not be linear." Home contract activity jumps for third straight month as consumers shrug off higher rates Home contract signings rose in October for the third consecutive month as homebuyers took advantage of growing inventory levels and shook off higher mortgage rates. Airline stocks soar as demand for premium travel booms Airline industry watchers see a strong end-of-the-year finish for the stocks of big US carriers 2 bullish charts showing how Block is breaking out post-election Technical patterns don't only measure prices, they measure belief. New FAFSA launches early to cautiously positive reception The new FAFSA launched to largely positive reviews, though some families reported encountering minor glitches. Talking bitcoin at Thanksgiving is different this time The annual tradition of talking crypto at the Thanksgiving table has a new wrinkle for 2024. HP earnings in line with expectations, CEO says tariffs would hit the consumer HP CEO Enrique Lores weighs in on potential tariffs from the Trump administration. Stock market today: S&P 500, Dow notch fresh records as Wall Street shrugs off Trump's tariff threat Investors are assessing the likelihood Trump will deliver on his threat to impose fresh tariffs on China, Canada and Mexico. Abercrombie & Fitch CEO on tariffs: We'll manage through it Abercrombie & Fitch CEO Fran Horowitz strikes a bullish tone on the holidays, warns on tariff impact. Rivian wins preliminary approval for $6.6B federal loan for Georgia EV plant Rivian won a “conditional commitment” from the Department of Energy for a $6.6 billion loan, highlighting Rivian’s improving capital condition. Best Buy CEO on potential Trump tariffs: Consumers will bear the brunt The potential of increased tariffs just got more real. Experts: How Trump's healthcare picks could impact global health President-elect Donald Trump's nominees for the country's top health agencies and his previous track record in office have sparked concerns globally about a potential rise in "anti-science" views and the defunding of global public health efforts. Why Trump gets away with tariffs Most Americans aren't sure what tariffs are, and they're conflicted about whether they matter or not. Trump's new tariff threats show he 'doesn't see allies, only adversaries' A threat of new tariffs from President-elect Donald Trump has Wall Street telling clients this may only be the beginning of a new era for US trade policy. Medicare expert explains costly enrollment mistakes to avoid Medicare expert Melinda Caughill reveals some of the hidden truths about Medicare enrollment, insurance agents, and coverage gaps. New home sales slump to lowest level in almost two years High mortgage rates and impacts from Hurricanes Helene and Milton put a damper on buyer demand. DEI rollback reaches Walmart as backlash mounts Walmart is scaling back some of its diversity initiatives, becoming one of the most prominent companies yet to make such an about-face as activist pressure builds. Consumer confidence rises to highest level since July 2023 Consumers said they are feeling better about the US economy as fears of a slowdown in the labor market continue to fade. Donald Trump lays down his first marker on tariffs. What happens next could be unpredictable. It took Donald Trump three weeks to provide his first concrete signal that he is serious about imposing new tariffs, setting up a flurry of diplomatic and legal maneuverings in the weeks and months to come. Best Buy broadly misses earnings estimates as consumers pull back on appliances, electronics For the 12th consecutive quarter, Best Buy posted negative same-store sales growth. Net sales and earnings per share also missed estimates. Trump aims for Obama-like federal deficits Trump's pick for Treasury secretary wants to cut federal deficits to the levels of Barack Obama's presidency. Those days are long gone. Amgen shows 20% weight loss in once-monthly injectable MariTide Amgen's latest once-monthly weight loss drug data looks "OK," analysts say, as its path to approval still remains murky. Wall Street still doesn't know what to make of Donald Trump: Morning Brief Wall Street's debate over what parts of Donald Trump's proposed policies will actually be enacted in 2025 have led to a choppy few weeks of trading action. 4 ways Scott Bessent's honeymoon as Trump's Treasury secretary could end The early reviews for Treasury secretary nominee Scott Bessent from Wall Street are in — and they're positive. But now the hard part begins. How a breakup could upend Google (and the tech world) The biggest threat to Google as it faces a proposed breakup of its empire are the limitations placed on a $175 billion search engine business that drives more than half of all revenue for parent company Alphabet. Property Brothers explain 'the biggest problem' still driving up home prices The Property Brothers explain on Opening Bid why housing prices keep increasing, along with "creative" ways to become a homeowner. Nvidia debuts AI model that can create music, mimic speech Nvidia has debuted a new AI model that can generate music and speech using text. Wall Street issues its most bullish S&P outlook yet for 2025 Deutsche Bank chief global strategist Binky Chadha has a 2025 year-end S&P 500 target of 7,000 as he believes the US economy will continue to expand over the next year. MicroStrategy spends $5.4 billion buying another 55,000 bitcoins, shares slide MicroStrategy continues to add bitcoin to its balance sheet, buying another $5 billion worth of the token last week. Stock market today: Dow leaps 400 points to fresh high as Wall Street cheers Trump's pick of Scott Bessent Trump's choice of Scott Bessent for Treasury secretary is buoying spirits at the start of a holiday-shortened week. Beware the Scott Bessent bump in markets Market relief surrounding Scott Bessent as President-elect Donald Trump's Treasury pick was muted amid a lack of policy clarity. Allurion launches compounded GLP-1 program as FDA aims to end access Allurion joins the pack to offer compounded GLP-1 access for patients. Tesla stock lower as UBS says 'animal spirits' rather than fundamentals driving monster rally Tesla stock is down Monday following a strong recent run-up, as one Wall Street bank says “animal spirits” have pushed the stock beyond any “fundamental change” at the company. Oil futures fall more than 2% on report that US believes Israel-Hezbollah ceasefire deal was reached Oil slid as Axios reported that Israel and Lebanon have agreed to ceasefire terms, citing a senior US official. Neither party had announced the agreement, according to the report. Macy's delays Q3 earnings report, says employee hid up to $154 million in expenses Macy's on Monday delayed its Q3 earnings release as it conducts an internal investigation into an employee hiding hundred of millions of dollars of expenses. S&P 500 seen reaching 6,600 next year by strategists at RBC, Barclays Strategists see falling inflation, resilient economic growth, and rising earnings driving further returns for the S&P 500 in 2025. Fed's preferred inflation gauge highlights holiday-shortened trading week: What to know this week Investors will be closely watching a fresh reading on inflation for clues on the Fed's interest rate-cutting path. Why Elon Musk thinks 'impoundment' could be the key to making his DOGE ideas a reality Political and economic observers might want to familiarize themselves with the wonky concept of 'impoundment.' Donald Trump (and 'first buddy' Elon Musk) could make it front and center in 2025. This week in Bidenomics: The Republican economy takes off Republicans suddenly think the economy is much better. Democrats think it is worse. Why might that be? Did you say you'd leave the country if Trump were elected? Pro tip: It's not easy. A lot of people said they’d leave the US if Donald Trump got reelected. I actually did it. And here's my story — and some advice if you're actually thinking about it. TKer: Wall Street strategists nailing one of their more important forecasts for 2024 While it’s been the case their year-end price targets have been way off on the conservative side, strategists have actually nailed one important prediction: 2024 earnings.
