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Sky News Australia

JB Hi-Fi’s secret weapon revealed

Home entertainment retailer JB Hi-Fi has posted record earnings and sales for the 2022 financial year, as Covid restrictions eased and customers returned to brick and mortar stores to shop.JB, which also owns The Good Guys, reported strong…

Scam inquiry blasts corporate watchdog

The corporate watchdog has been lashed for reacting slowly to a rent-for-life scam that ripped off seniors, leaving some homeless and couch-surfing.The corporate watchdog has been lashed by a parliamentary committee over a rent-for-life…

One thing Aussies are spending more on

There’s been a bigger than usual post-Christmas slump in spending, as Omicron weighs heavily on shoppers’ minds. But there’s on thing Aussies are spending more on than ever.Consumer confidence took a big hit last week as the Omicron strain…

Volatility warning as ASX sinks lower

Critical US inflation data could spur on more sharemarket volatility as the ASX slides into the red for the second straight day, with supermarkets the worst performers.The Australian sharemarket slid into the red ahead of critical US…

Gold, iron ore, banks stocks lift ASX

The local tech sector followed Wall Street’s Nasdaq lower, but the resources sector and banks helped the ASX to a modest rise.The Australian sharemarket inched marginally higher after surrendering gains in afternoon trade, with tech stocks…

‘No place to hide’: Dud funds named

If the people managing your nest egg aren’t doing a good job, check out the latest data from the regulator who has vowed more ‘relentless’ scrutiny.A regulator has vowed to keep up public shaming pressure on dud superannuation funds, saying…

Strong jobs numbers ‘toxic’ for ASX

The RBA can keep insisting rate hikes won’t come in 2022, but the ASX isn’t buying it, with strong jobs numbers fuelling bets it will do just that.The Australian stock market shrugged off a strong lead from Wall Street overnight and was…

ASX sinks into a sea of red

The ASX closed firmly lower with losses across the board, but supermarkets saw action and Helloworld rocketed on a Corporate Travel deal.The Australian sharemarket fell as global markets awaited the outcome of the final US Federal Reserve…

ASX treads water ahead of US meeting

The ASX was flat, as caution fell over global markets in the lead up to the last US Federal Reserve meeting for the year, but Woolies was smashed.The Australian sharemarket finished barely changed after an initial dip on the back of…