The Commonwealth Bank will lift variable interest rates on mortgages by 0.5 percentage points and raise rates on a key savings product by the same amount, following the RBA’s hike in official interest rates this week. After a period of silence from the big four banks since the central bank’s rate rise on Tuesday, the nation’s biggest lender was the first […]
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The three major U.S. equity indexes closed lower Tuesday. The Dow Jones industrials dropped 1.23%, the S&P 500 slipped by 0.67%, and the Nasdaq dipped by 0.16%. All 11 sectors ended the day lower, led down the slope by real estate (1.3%), financials and industrials (both down 1.1%). An unknown attacker on Tuesday drained more than 8,000 Solana wallets of […]
Read morevideo House Speaker Nancy Pelosi arrives in Taiwan for controversial visit House Speaker Nancy Pelosi arrives in Taiwan for controversial visit. Stocks in Asia plummeted overnight as it became clear that House Speaker Nancy Pelosi would be visiting Taiwan on Tuesday. Pelosi landed in Taiwan Tuesday morning for a meeting with Taiwanese President Tsai Ing-wen. The move has inflamed tensions […]
Read morevideo Market expert reveals hits and misses of earnings season Rosecliff founder and managing partner Mike Murphy tells ‘Varney & Co.’ Big Tech earnings will lead the stock market out of the bear market. Uber Technologies Inc.’s revenue more than doubled last quarter and boosted its operating performance amid high inflation and worries about the weakening economy. The ride-hailing giant […]
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Crude oil prices fell sharply on Monday amid concerns about outlook for energy demand after the latest manufacturing surveys showed factory activity in Asia and Europe weakened last month. Also, traders appeared reluctant to create fresh long positions in the commodity ahead of this week’s OPEC+ meeting, in which the group is set to consider keeping output unchanged for September. […]
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York (CNN Business)If you’re reading this, it means you’ve survived the busiest week of the summer. Congratulations. The last week of July […]
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WASHINGTON (Reuters) – A Chinese rocket fell back to Earth on Saturday over the Indian Ocean but NASA said Beijing had not shared the “specific trajectory information” needed to know where possible debris might fall.FILE PHOTO: A Long March-5B Y3 rocket, carrying the Wentian lab module for China’s space station under construction, takes off from Wenchang Spacecraft Launch Site in […]
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Crude oil prices surged higher on Wednesday after data showed a drop in crude inventories in the U.S. in the week ended July 22nd. Cuts in Russian gas flows to Europe contributed as well to oil’s sharp rise. According to reports, gas flows through the Nord Stream 1 pipeline fell to a fifth of the pipeline’s capacity on Wednesday. West […]
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ZurichCredit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover from a string of scandals and losses. The Swiss bank has dubbed 2022 a “transition” year with a change of guard, restructuring aimed at curtailing risk-taking […]
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