ASX hits skids as banks slam into reverse
The ASX's strong two-day rally came to an abrupt end, as weak oil and the US rate hike proved reason enough for shares to retrace some of their recent gains.
Latest Business News
'Bad news for families': Second energy retailer announces price hike
EnergyAustralia has announced it will increase electricity prices in Sydney by 19 per cent - or $346 a year - from July 1.
Aussie on a high as rate cut talk fades
The Australian dollar hit a two-month high on Thursday, boosted by positive local jobs data and a fall in the greenback after weak US inflation data.
Markets Live: Banks slam ASX into reverse
A powerful two-day rally in the ASX came to an abrupt end as banks swung from gains to losses, while a bumper jobs number pushes the Aussie higher.
'Huge inflow of cash' into equities: Coppo
Bell Potter veteran trader Richard Coppleson says by far the "biggest reason" markets are recovering was the positive boost from surging superannuation funds.
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ASX winners and losers - a snapshot
The stand out listings traded on the ASX captured at key moments through the day, as indicated by the time stamp in the video.
Unemployment rate beats expectations 'by a country mile'
The number of hours worked by Australians has surged by the most in a decade after the unemployment rate fell to its lowest level in four years on Thursday.
United staffer videoed pushing 71-year-old to floor
Less than three months after making headlines for violently dragging a passenger off an overbooked flight in Chicago, United Airlines is in damage control mode again.
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Jobless rate falls in May
The unemployment rate for May falls to 5.5 per cent, the lowest level in four years. Vision courtesy ABC News
Fancy zinc zucchini? Miners turn to exotic metals uses
Mining companies have toyed with exotic uses for years, but the search took on new urgency with the end of booming demand from China, the world's biggest buyer of metals.
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- 01:34
Wage squeeze hits UK workers
British workers' earnings after inflation have contracted at the fastest pace since 2014 in the three months to April, underscoring the growing Brexit squeeze facing many households.
'It was just in his blood': How Mitchell's dream became a nightmare
From the age of nine, when his dad first plonked him on the back of a small calf, Mitchell Gajkowski loved rodeo life. His dreams of a career as a bull rider were crushed when he was thrown from a bucking bull aged 19, leaving him in need of full-time care.
The bull and the bear case for rates
Weak consumer sentiment data is the latest worrying sign for those expecting another rate cut, but optimists insist the slowdown is temporary.
How quickly you know you've bought a lemon
If your two-year-old Ultra HD television stopped working for no apparent reason, would you be able to get your money back?
Fundies say equities are expensive
A record number of global fund managers believe sharemarkets to be overvalued after years of overstimulative monetary policy.
'Ambushed': 90% of Telstra job cuts to come from NSW, Victoria
​New South Wales and Victoria will be hit the hardest by the 1,400 job cull flagged by Telstra, a move unions describe as an "ambush" on workers.
The $200,000 gap between Andrea and her husband
About 44 per cent of Australians believe their super will not be enough for their entire period of retirement.
Whitsunday anti-dumping group loses bid to stop Adani expansion
​Queensland's Supreme Court has dismissed a community group's bid to stop the expansion of Adani's Abbot Point Terminal.
Banker used LinkedIn to send nude pics to jobseeker
Tinder is for dating. Facebook is for friends. LinkedIn is for ... well, it depends whom you ask, as a legal case involving a banker sending a picture of his genitals shows. LinkedIn is an extension of the workplace, similar to going into the office or attending a corporate networking event, the theory of the case goes. If you wouldn't flirt on a conference call, don't do it on LinkedIn. If you do, you and your company could pay the price.
It's official: Murdoch's Fox News is no longer 'Fair and Balanced'
​Fox News is "Fair and Balanced" no more.
One way to fix Uber: Think twice before using it
There's a lot at stake. Ride-hailing, as an industry and a civic utility, is too big an idea to be left to a company like the one Uber is now. The company that wins this industry is bound to become one of the world's most powerful corporations.
8@eight: ASX to slide lower at open
Wall Street ended lower, and the ASX is poised to open about 0.5 per cent lower, with futures pointing to a 30-point drop at the open.
US Fed raises rates, Wall Street slips
Federal Reserve officials forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation.
Disclosure on way as Aldi signs up to tax code
ALDI Australia has signed up to the federal government's voluntary Tax Transparency Code, which will require the retail giant to give taxpayers some level of disclosure about its highly secretive tax affairs.
As Canberra brawls, summer blackouts remain a threat
Even after pressure on as companies to boost supply, the threat of power blackouts this summer hasn't gone away.
Murray-Darling votes yes, finally
'Long and difficult' road to workplace settlement at rivers authority.
'Peace out': Ten stars tell viewers to stick with them
As Network Ten called in the administrators, some of the network's stars and other television presenters have taken to social media to express their dismay and assure fans the show will go on.
Murdoch fingerprints all over Ten's body
Ten Network Holdings isn't dead yet, but it's on life support with administrators appointed. Should an autopsy be conducted, Murdoch fingerprints and DNA will be found all over the body.
How Finkel would keep the lights on, and why Abbott's not so keen
Here's a guide to the Finkel Review, in case, like Tony Abbott, you haven't read it.
The secret deal to form a voting bloc of Ten shares
Network Ten's fate was sealed by media moguls Lachlan Murdoch and Bruce Gordon, according to an agreement reached the Friday before Ten was placed into voluntary administration.
Small Business
'Investors will be more inclined to open their wallets': startups
Australia's growing medicinal cannabis industry is confident investors will be "more inclined to open their wallets" after Parliament's shock decision to fast track terminally ill patient's access to the drug.
Six surprising items to claim at tax time
Australian small business owners are about to get really inventive about what they can claim on their tax.