Stephanie Chalmers
Business Reporter at ABC News (Australia)
ABC business reporter. Views are my own, posts, RTs and likes do not represent the views of the ABC.
Articles
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1 week ago |
abc.net.au | Stephanie Chalmers
Macquarie Bank has been hit with additional licence conditions after being slammed by the corporate regulator for "multiple and significant compliance failures". The Australian Securities and Investments Commission (ASIC) has taken action against the investment bank by imposing additional conditions on its financial services licence.
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1 week ago |
abc.net.au | Stephanie Chalmers
Good morning, Steph Chalmers here to take you through the morning on markets. Futures are pointing to local stocks slipping at the start of trade, after the S&P 500 snapped a nine-session streak of gains on Wall Street. Donald Trump's 100 per cent tariff on films produced outside America was one of the factors hitting sentiment, while traders are also awaiting the Federal Reserve's two-day meeting this week. Locally, the Australian dollar continued to push higher against the greenback.
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1 week ago |
abc.net.au | Stephanie Chalmers
Good morning!Steph Chalmers joining you for the first few hours of our markets blog this Friday. And it was another positive day for US stocks, with the S&P 500 rising for an eighth consecutive session. It was the highest close of the index since April 2. Results from Meta and Microsoft released after the Wall Street close yesterday boosted market sentiment, as they did during the Australian session on Thursday, when tech and data centre-related stocks led the gains.
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3 weeks ago |
abc.net.au | Stephanie Chalmers
Good morning, Steph Chalmers here again to take you through the start of the trading day on our markets live blog. It was a strong session for global stocks overnight, with strong gains in Europe and Wall Street also closing higher. Despite the decent gains, US indices closed off their highs, with an even bigger rally earlier in the session.
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3 weeks ago |
abc.net.au | Stephanie Chalmers
Tesla boss Elon Musk says he will be spending less time in Washington DC slashing government costs and more time running the electric vehicle company, after a plunge in profits. In its quarterly earnings report, Tesla revealed a 71 per cent drop in net profit, compared to the same time a year earlier.
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The RBA foyer might need a revamp — the review recommends a change to the way the RBA's objectives are legislated. "The economic prosperity and welfare of Australians…should be legislated to be the overarching purpose for the RBA in the exercise of all its powers." @abcnews https://t.co/JcQmmcn14Y