Brickworks boss Lindsay Partridge has expressed concerns about the risk of a second wave of COVID-19 spreading in Victoria and impacting a major production plant in one of the hot-spot suburbs. Australia’s largest brick manufacturer is justifiably uneasy after being forced to deal with the sudden shutdown of part of it’s US operations. “In America, […]

Australia’s unemployment rate climbed to 7.1% in May – the highest level it has been in 19 years – but the figure would have hit 11% if you included everyone who was looking for work but has simply given up. About 235,000 jobs were shed in May, taking the total number of jobs lost to […]

A surge in demand for used cars is helping Carsales navigate the recession as budget-minded commuters seek to avoid public transport in a post-COVID world. Carsales’ latest trading update was well received by the market, with booming used car sales helping offset plunging new vehicle listings. Carsales’ stock climbed 6.2% and finished the session at […]

The share market has snapped a three-day losing streak soaring up 222.5 points, or 3.9 per cent, to 5942.3 and adding $68.2 billion to the boards in the best single day in more than two months. News that the US Federal Reserve will buy US corporate bonds put a spring in the step of global […]

The Aussie stock market has slumped to its third straight session of losses as fears of a second wave of COVID-19 began to reverberate throughout global markets. The index shed 2.19%, or 128 points, to close at 5,719. It was the first three-day losing streak in almost two months, with the market giving back nearly […]

JB Hi-Fi has bumped up its annual profit guidance after the retailer recorded a surge in sales, defying the broader retail downturn and cementing its position as one of the leading retailers in the country. The electronics chain announced sales at its JB Hi-Fi Australia stores in the second half of the financial year were […]