Australian shares closed higher after mixed results on Wall Street. Tesla pushed up the tech-heavy Nasdaq, while jobs data in the US will have major implications for interest rates. Look back on the day's financial news from our business reporters.
ASX closes higher, NAB describes scams as 'plague of our times' — as it happened
NAB tells a parliamentary hearing that "scams are the plague of our time" after answering a range of questions. The Australian share market closes higher. Catch up on the day's events and insights from our business reporters.
Photo shows NAB chief executive Andrew Irvine speaks into a microphone at a parliamentary committee.Nicheliving customer left waiting four years for his house now facing homelessness
Richard Hamilton signed a contract in 2020 for Nicheliving to build him a new home. It's still unfinished, and now the troubled builder is selling a house he had been renting from them while he waited.
Photo shows A man sits inside a home looking very unhappy.Commonwealth Bank, Westpac face questioning in parliamentary inquiry — as it happened
ASX loses ground, Qantas records large fall in profits as parliamentary banking inquiry begins. Look back on the day's events and insights from our business reporters on the ABC News live markets blog.
Photo shows Woman and man in black suit talk at desk with microphones.Inflation slows to 3.5pc, Woolworths profit slumps, ASX recovers from earlier drop — as it happened
Inflation has slowed to 3.5 per cent in the year to July, the latest data from the Bureau of Statistics has revealed, while Woolworths' annual profit plunged 93 per cent due to a massive write-down in the value of its New Zealand supermarkets, and the Australian share market recovered from its earlier drop.
Photo shows a zoomed in woolworths signColes posts $1.1b full-year profit, Woodside shares jump after half-year results — as it happened
Coles posted a $1.1 billion full-year, after-tax profit, while Woodside shares jumped 4 per cent after the company released its half-year results. Look back to see how the events unfolded.
Photo shows A bright red and white Coles sign at a supermarket at night.ASX closes higher as NIB shares dumped despite profit increase — as it happened
The ASX200 closed higher, with health insurer NIB punished despite a 67 per cent increase in profit. It comes after US Federal Reserve chair Jerome Powell's comments about cutting rates lifted global markets on Friday. Look back at the day's events.
Photo shows A stock trader looks down at a tablet as he works on the floor of a busy stock exchange while surrounded by screens.Nicheliving given permission to keep operating, after tribunal rules in embattled company's favour
Nicheliving is granted a stay order by WA's State Administrative Tribunal to allow it to keep building, as more than 200 homes remain unfinished by the company.
Photo shows A multi storey building construction site situated on a street corner block with branded red text across the fenceAustralian shares follow Wall Street lower, Chalmers says RBA reform has been 'dragging for too long' — as it happened
The Australian share market closed flat on Friday, following Wall Street's retreat overnight, while Treasurer Jim Chalmers says an overhaul of the Reserve Bank has been stalled for "too long". Look back at the day's events.
Photo shows A reflection of people walking past the ASX indicator board.Rex administrators request more time to secure 'highest possible value' for collapsed airline
Hundreds of former Rex employees could face an even longer wait to be paid their entitlements after administrators applied for an extension to find a buyer for the airline.
Photo shows A regional express airplaneBank of Queensland confirms 400 job cuts, ASX hits tenth-straight day of gains despite recession warning — as it happened
The ASX200 made its tenth-straight day of gains despite fresh warnings that Australia's economy may be heading towards a recession. Catch up on the day's events and insights as they happened with our business reporters on the ABC News live markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.Disney drops attempt to avoid wrongful death lawsuit after backlash
The company previously argued it could not be taken to court after the victim's husband took out a trial subscription to its streaming service, Disney+.
Photo shows A blue screened smartphone shows the swirly Disney+ logo with a screen behind itJetstar faces class action over cancelled flights during the COVID-19 pandemic
Jetstar faces a class action over cancelled flights during the COVID-19 pandemic, with its flight credits program under scrutiny.
Photo shows Generic image of a JetStar planeASX rises for ninth-straight session to record longest winning streak since December 2015 — as it happened
The Australian share market has ended higher for the ninth-straight session, making it the longest winning streak since December 2015 after strong gains in technology and mining offset a slump in energy stocks.
RBA minutes reveal rates decision was a close call, ASX closes higher again — as it happened
Minutes from the recent Reserve Bank board meeting show it was a close call to either lift rates or hold rates steady this month, but the RBA chose to keep its powder dry. Catch up on the day's events and insights from our business reporters on the ABC News markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.Administrators for Rex to axe another 73 jobs at troubled regional airline
Administrators for troubled airline Rex will make another 73 roles redundant from its now-defunct capital city business but say the job losses will not impact the company's flights across regional and rural Australia.
Photo shows A wing of plane with Rex written on the side of itBooktopia commences trade again after being bought by online electronics store
The administrators of online book retailer Booktopia have confirmed they have secured a buyer for the troubled business.
Photo shows rows of books on a shelfASX closes up 0.1pc as Lend Lease posted $1.5b loss and Booktopia rescued from administration — as it happened
The ASX clawed its way back to a marginal gain heading after a sluggish start while investors digested another batch of corporate results including Lend Lease's $1.5 billion loss. Look back at how the day unfolded on our live markets blog.
Photo shows A stock trader looks down at a tablet as he works on the floor of a busy stock exchange while surrounded by screens.RBA governor reiterates rate cuts unlikely in the near term, ASX closes higher — as it happened
RBA governor Michele Bullock has doubled down on previous comments that interest rate cuts are unlikely in the near term at a parliamentary hearing in Canberra, while the Australian share market closed higher after a surge on Wall Street. Look back at how the day's events unfolded.
Photo shows A woman sitting tight lipped in front of a microphone.Reserve Bank of NZ cuts interest rates as ASIC sues ASX for alleged misleading statements — as it happened
The Reserve Bank of New Zealand has cut interest rates to 5.25 per cent, while Australia's corporate regulator has announced it's suing the ASX for alleged misleading statements. Look back on the day's events with our blog.
Photo shows A man looks at a share price board outside the ASX in Sydney.ASX closes 0.2pc higher, Australian wages lift 4.1pc in year to June — as it happened
Wage price growth has remained steady at 4.1 per cent over the year to June while the Australian share market closed marginally higher in a cautious trading session. Look back on our blog to see how the day's events unfolded.
Photo shows Two women look at a share price board outside the ASX in Sydney.