What we learned from today's profits
A2 Milk, a triumph of marketing and branding, hit a record high today and is now bigger than Lendlease, Caltex, AMP, Coca-Cola Amatil and Seek. It's now twice as big as Flight Centre and Harvey Norman.
Economy at risk of 'doozy recession'
The economy is at risk of a "doozy recession" as the housing downturn accelerates at an "alarming pace" weakening consumer sentiment, warns former Morgan Stanley global strategist and long-time "bear" Gerard Minack.
Thorburn forfeits $22 million on exit
Former NAB CEO Andrew Thorburn will receive a million-dollar golden handshake but forfeit rights worth $22 million if performance targets are hit, the bank has revealed.
Private sector wages rise most in 4 years
Private sector wages rose an average 2.3 per cent in 2018, the largest annual increase in four years, ABS says.
Henry keeps fingers in NAB succession
NAB chairman Ken Henry is wise to distance himself from the selection of a new chairman and CEO but his stubborn determination to remain involved is a mistake.
Markets Live: Pact Group down 12pc
ASX drops below 6100, dragged by Woolies, Westpac and Afterpay Touch
Woolworths warns of 'subdued consumer demand'
Woolworths will return up to $1.7 billion to shareholders after selling its petrol business as it said its interim net profit edged up 1 per cent.
WiseTech tumbles on lower-than-expected earnings
WiseTech's shares slumped by over 14 per cent after the logistics software company slightly increased its revenue projections and EBITDA missed forecasts.
Rich Lister wants new CEO 'in the weeds'
'In the weeds and in the detail' are Rich Lister Raphael Geminder's must-have attributes from a new CEO able to rebuild margins at embattled Pact Group.
Corporate Travel, VGI back to square one
Hedge fund VGI Partners is almost square on its Corporate Travel Management short for the first time since it went public with its bet against the listed travel agent last October.
Domino's Pizza interim profit falls 9pc
Domino's net profit fell 9.2 per cent to $53.3 million after it booked $25.7 million in one-off legal and store conversion costs.
Crown Resorts hit by VIP slump
A sharp drop-off in revenue from VIP gamblers has seen James Packer's casino giant Crown Resorts report a much weaker than expected first half profit.
S&P; 500 tilts bullish: BAML
The S&P; 500, which has advanced 11 per cent year-to-date, could be positioning for a broader bullish run, BAML said.
How the ASX looked before the bell
Australian shares are poised to open higher. Results expected from Woolworths, APA, Dominos, WiseTech among others.
Hedge fund with huge returns doesn't want your money
The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.
Lower $C may be needed to revive exports
The Canadian dollar may need to fall at least 5 per cent if the nation's exports are to return to life, CIBC said.
Tailings dams need 'nuclear-level' safety: BHP
BHP boss Andrew Mackenzie says it's time for the mining industry to bring tailings dams to "a nuclear level of safety".
Opinion
Henry keeps fingers in NAB succession
NAB chairman Ken Henry is wise to distance himself from the selection of a new chairman and CEO but his stubborn determination to remain involved is a mistake.
How Stokes is defying two key delays
The strong performance of Ryan Stokes' Seven Group looks even better when you consider that the company is dealing with two fascinating delays in its core industries.
ASIC sends enforcement message
ASIC's response should also been seen as a subtle push-back against Labor and other critics who have suggested the option of splitting the watchdog's enforcement function should remain on the table.
China and Australia dogged by tensions
No matter what happens to on-again, off-again trade wars between China and the US, the political relationship between China and Australia has already changed dramatically – for the worse.
Key Paladin questions remain unanswered
Home Affairs officials' selective and dismissive approach to disclosure is at the heart of deep-seated concerns around the $423 million contract awarded to Paladin.
Boards expect more cases over 'culture'
Company directors and their advisers are braced for a flurry of civil penalty cases over "culture" breaches, as regulators focus on holding individual executives to account, bolstered by higher fines and political pressure.
Coalition rallies pensioners over 'retiree tax'
Treasurer Josh Frydenberg continues to hammer Labor over its franking credit policy, telling angry pensioners at Parliament House on Wednesday that Bill Shorten won't back down on his contentious plan.
Treasury warns on housing downturn risks
Treasury Secretary Philip Gaetjens has warned that "falling house prices could also cause consumer spending to be weaker than forecast" and said "care must be take" on mortgage broker reforms.
Why Canberra is watching the 'ISIS bride' case
The British Home Office's move relies on a legal power that Australia is trying to emulate, but which has become stuck in a Canberra parliamentary impasse.
Karl Lagerfeld dies at 85
Karl Lagerfeld, the couturier whose designs at Chanel and Fendi shaped an industry, has died prompting admiration for a man whose career spanned six decades.
South Korea's K-beauty industry now targets super young
South Korea's cosmetics industry is targeting girls so young they can barely read the packaging on products.
Trump says China talks have gone 'very well'
Donald Trump once again signalled his willingness to extend next month's deadline on planned tariff hikes on Chinese imports.
Fund manager's arrest in Russia worries investors
For most of the past three decades, American private equity investor Michael Calvey has made billions by knowing how to play by the rules in Russia. Now he's sitting in a Moscow jail.
Bernie Sanders announces presidential bid
Senator Bernie Sanders of Vermont, whose 2016 presidential campaign grew from a left-wing insurgency to a force that reshaped the Democratic Party, announced Tuesday that he will seek its nomination for president again in 2020.
Personal Finance
The 7-step strategy this man used to retire rich at 30
Self-made millionaire Grant Sabatier retired early at 30 years old with a nest egg of $US1.25 million by using a seven-step strategy, which you can use for your own path to financial independence.
Full change ahead: AMP, Telstra and South32
AMP faces a long road to recovery after being caught out by the royal commission, Telstra is countering revenue holes with cost cuts and South32 is poised for more growth.
How to get more into spouse's super account
It's worth looking carefully at strategies to contribute and get a tax break, writes John Wasiliev who answers your questions on super.
Steve Cain fuels Coles doubts
For Coles, the breeze's change of direction has evidently been abrupt.
Uber urges workplace shake-up
The outdated workplace system is constraining Uber from offering better conditions the company claims in a submission to a future of work inquiry.
New Tax Practitioners Board boss is Ian Klug
Treasurer Josh Frydenberg has announced Ian Klug as the new chair of the Tax Practitioners Board, replacing outgoing boss Ian Taylor.
The migrants that go under the labour market radar
Australia puts a big premium on skilled migration, but there is a hidden service worker underclass that still struggles to integrate.
Lifestyle
Red Hot Chili Peppers live: still spicy 35 years on
The Los Angeleans' mix of rock, funk and hip-hop went global in the 1990s because it's hard to resist shaking your hips to it – and feeling something at the same time.
