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ASX rallies in afternoon trade

ASX rallies in afternoon trade

The Australian share market rebounded strongly on Thursday, buoyed by gains in cyclical stocks, after a lacklustre start to trading. The benchmark S&P/ASX200 added 0.74 per cent, or 52 points, to reach 7,087.3, while the broader All Ordinaries rose a similar amount to 7,297.7. The Australian dollar was higher at the end of trading, buying...

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ASX higher on energy rebound

ASX higher on energy rebound

The Australian share market edged higher on Friday as the benchmark was buoyed by a rise in energy stocks which recovered following a sell-off on Thursday. The S&P/ASX200 added 0.2 per cent, or 11.6 points, to 7,040.8, while the All Ordinaries was more subdued, climbing 0.1 per cent to 7,224.1. At the end of the...

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Why boomers and big business are to blame for Australia’s economic woes

Why boomers and big business are to blame for Australia’s economic woes

Ordinary households and some of Australia’s most vulnerable people are paying a devastating cost for the Reserve Bank’s rate hike-driven war against inflation, despite contributing very little to it. That’s the assessment of experts who say cash-rich baby boomers and price-gouging corporations are the biggest culprits of inflation, but the least affected by efforts to...