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Last Updated: Sunday, 8th June, 2:25AM
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Last Updated: Sunday, 8th June, 2:25AM
| Oil | 64.77 | +2.21% |
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| S&P Futures | 5999.25 | +0.90% |
| Dow Futures | 42729 | +0.85% |
| NASDAQ Fut. | 21779.25 | +0.91% |
| Russell2000 | 2128.9 | +1.41% |
| 10YR Bonds | 4.51 | +2.64% |
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Last Updated: Saturday, 7th June, 5:25PM
| USD | $ | 0.6492 | United States Dollars |
| GBP | £ | 0.4799 | British Pounds |
| EUR | € | 0.5695 | European Union Euros |
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Financial News & Information
| Westpac Faces Renewed Scrutiny Amid RAMS Loan Misconduct Fri, 06 Jun: Australia's financial sector is yet again under the spotlight as Westpac finds itself embroiled in another scandal involving irresponsible lending practices. The bank's RAMS home loans subsidiary faces serious allegations by the Australian Securities and Investments Commission (ASIC) regarding improper loan approvals. - read more
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| Cautious Spending Persists Despite Economic Stimuli Fri, 06 Jun: Australians continue to exhibit cautious spending behaviours, as evidenced by a modest uptick in expenditure during April, notwithstanding consecutive long weekends and favourable economic conditions. Recent data from the Australian Bureau of Statistics (ABS) illustrates a 0.1% increase in household spending, following declines and tepid growth in the preceding months. - read more
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| Retirement Guidance Through Super: Better Than No Guidance At All Fri, 06 Jun: The recent discussions surrounding Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms in Australia have sparked debates about the role of super fund trustees offering financial advice. As these funds step into the advisory space, critics question whether this model will serve retirees well. However, considering the high regulation and fiduciary obligations inherent in super funds, the likelihood of delivering improved retirement outcomes is substantial. - read more
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| The Star Casino Faces AUSTRAC Penalties Over Money Laundering Breaches Fri, 06 Jun: The Star Casino is embroiled in legal difficulties after allegations emerged in a Federal Court involving their facilitation of risky financial transactions, including offering massive gambling credits to individuals known for money laundering. This follows financial watchdog AUSTRAC's pursuit of legal action against the casino. - read more
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| Top 5 Financial Tips for Australian Young Families Starting a family is one of life's most rewarding experiences, but it also comes with a unique set of financial challenges. For young families in Australia, where the cost of living can rise quickly, having a solid financial plan is crucial. Financial planning is not just about managing money; it's about creating a sense of security and peace of mind for your loved ones. - read more
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| Investing 101: A Beginner's Guide for Australian Adults Investing can initially seem daunting, but it’s essentially the act of allocating money with the expectation of generating an income or profit over time. It's important because investing offers the potential for your money to grow and outpace inflation, ensuring you have a secure financial future. - read more
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| Maximise Your Superannuation: Strategies for a Comfortable Retirement Superannuation, commonly known as 'super,' is a crucial part of planning for a comfortable retirement. It serves as a long-term savings measure, gradually increasing in value to support you once you stop working. But what exactly is superannuation? - read more
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| Essential Insurance Types Every Cafe Owner Should Consider Running a cafe is more than just serving delightful coffee and snacks; it's about creating an experience and ensuring that experience is safeguarded. While the hospitality industry can be incredibly rewarding, it's not without its risks. This is where the importance of insurance comes into play, acting as a crucial safety net for cafe owners. - read more
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