Wall Street down after mixed labor market data
US stocks opened with losses, and a key jobs report did little to dispel the unrest surrounding the expected Fed rate cut.
market
Volkswagen Tiguan (2025): Market launch in Australia secured for RAV4 competitor
The 2025 Volkswagen Tiguan will arrive in Australia in the second quarter of next year with three engine options.
Volkswagen Golf 2025: Australian market launch secured for the revised hatchback range
Facelift versions of the Volkswagen Golf – including the GTI and R hot hatches – will arrive in Australia in the second quarter of 2025, the company confirmed. The German manufacturer released its 12-month product plan for Australia this afternoon, revealing that the full Mk8.5 Golf range will launch sometime between April and June next … Read more
The Australian stock market hits a two-week high on Monday, but the China problem looms
It was positive rather than gloomy financial results that drove the Australian stock market into positive territory, even though there are serious concerns about the price of iron ore. Jim Chalmers raised the alarm that there would be a $3 billion hole in the state's coffers if the price of ore remained below the Treasury … Read more
2025 MG HS: New SUV spotted shortly before market launch in Australia
MG's next-generation Toyota RAV4 competitor has been spotted in Australia ahead of its official launch later this month. The MG HS will initially be launched with a petrol engine, with plug-in hybrid models (PHEV) to follow in the first half of 2025.
What is it called? Little-known EV brands are entering the market
Your next car could carry a brand name you've never seen before, as a number of Chinese carmakers are lining up to launch electric vehicles in Australia.
Wall Street slides after weak US housing market data
Wall Street's major indices fell after the S&P 500 and Nasdaq snapped a six-day winning streak after a series of encouraging economic data eased recession fears, while weak housing market data dampened sentiment. Equity markets came under some pressure after data showed that single-family home construction in the U.S. fell sharply in July, suggesting that … Read more
Premier Roger Cook says WA is prepared after steel crisis rocks iron ore market
According to Prime Minister Roger Cook, the state finances have factored in a massive collapse in iron ore prices as China's struggling steel producers cut production while major mining companies increase their exports.
ABS reports 58,000 new jobs in July labour market data
The latest employment figures exceeded expectations, with tens of thousands of new jobs created in the Australian economy.
Unemployment rate rises slightly to 4.2 percent as labor market cools
Australia's unemployment rate rose slightly to 4.2 percent, although nearly 60,000 people found jobs this month.