Rachel Clayton

2 months ago | abc.net.au | Rachel Clayton |Stephanie Chalmers

Bags of $50 notes tied with elastic bands, hiding from CCTV cameras, and cheques made out in cash — these are just some of the tactics that Star Entertainment's former directors and executives have been accused of enabling. ASIC has begun civil penalty proceedings against 10 former directors and executives of Star Entertainment, for alleged breaches of their duties under the Corporations Act.

Jan 15, 2025 | abc.net.au | Rachel Clayton

Wall Street has jumped today after strong profits were recorded by America's big banks. JPMorgan's annual profit rose to a record high on Wednesday local time, and market spirits are high as Donald Trump's inauguration edges closer.  Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice. [LIVE EMBED BLOG]

Jan 14, 2025 | abc.net.au | Rachel Clayton

Daniel Bowden wouldn't say he is struggling, but he is not far off. The 45-year-old father rents a two-bedroom, semi-detached house in Caulfield South in Melbourne's inner south-east with his partner and 10-year-old daughter. He has been there about a year, and since moving in the rent has jumped 4.6 per cent. It is an experience echoed across the country last year — rent prices grew 4.8 per cent nationally in 2024, according to CoreLogic data.

Jan 8, 2025 | abc.net.au | Rachel Clayton

It's a little gold coin, causing a big fuss.    For years, the free browser extension Honey has been downloaded by online shoppers looking for discounts, and promoted by retailers trying to stop people abandoning their carts. The extension offers discount codes for almost everything; from tech and clothing, to subscriptions and toys. Now, the parent company of Honey — PayPal — is being sued in a class action lawsuit for allegedly hijacking commissions from content creators.

Dec 30, 2024 | abc.net.au | Rachel Clayton

US Treasury yields dropped on Monday, reversing last week's big gains as investors moved their money into the bond market after losses on Wall Street. The 10-year Treasury yield fell to 4.5%, its largest drop in a day since late November. Experts have told Reuters the trend could be because last week's big sell-off in bonds encouraged some investors to take profits and move their money. Some analysts also think the shift was influenced by moves in the stock market.