Growth is up. Spending is up. Savings are down. In fact, savings as a ratio of income is just 1%. Here’s some high-level maths for you; a person on $100,000 a year is saving just $1,000.
Westpac's share price was battered once again this week, after it agreed to a settlement with ASIC to pay $35 million for breaching the National Consumer Credit Protection Act. Westpac is scrambling to steel itself against the latest fallout from...
Suncorp Group Limited’s [ASX:SUN] share price dropped 0.62% immediately upon opening in today’s trading, after announcing the sale of its Australian life insurance business to TAL Dai-ichi Life Australia Pty Ltd.
And the people offering these services and technologies are, for the most part, start-ups. These are ambitious companies trying to stay at the cutting edge of new finance. It’s fantastic for consumers. We now have more options than ever before.
In the market, what is obvious rarely works out as an investment idea. And so the improbable has happened with Tesla. Elon Musk wants to take it private at an all-time high share price.
This morning AMP’s first half net profit plunged 74.2%, from $445 million to $115 million. Shares were trading at $3.35 at yesterday’s close, a drop of 38.3% in as little as six months. There's tough times are ahead for Australia’s biggest financial service company but this doesn’t leave the possibility of a...
Today, AMP limited’s [ASX:AMP] share price is up 3.52%, trading at $3.50 at the time of writing. This comes after issues raised by ASIC about increased community expectations which could be contributing to the share price... Click here.
It seems that the effects of the banking Royal Commission are wearing off, as shares of National Australia Bank Ltd [ASX:NAB] have been steadily climbing over the past month. The share price of NAB is trading... Click here.
Macquarie Group Ltd’s [ASX:MQG] share price has sunk by 2.88%, amid a nervous response to the company’s annual general meeting today. At time of writing, the company’s share price is sitting at $121.35AUD. Find out more why...
For over a year, shares in our big four banks have been trending down. Go back even further, and their share prices have barely moved in a decade. In May 2017, Australia’s largest bank (and biggest stock), Commonwealth Bank of Australia [ASX:CBA], got within a whisker of $88. Fast forward to June 2018, CBA’s share price traded below $68 — a fall of around 23%. It’s not just CBA feeling the pinch, though.