Silicon Valley Bank collapsed after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history.
The tenth consecutive interest rate rise is bad news for borrowers whose monthly repayments on a $500,000 loan have increased by $1051 since April 2021.
Australia's in the grip of a full-blown energy price crisis. Our bills have gone up 20 per cent on average in 2022 and they're predicted to rise another 30 per cent next year.
Borrowers on the precipice of a fixed-rate cliff are facing the difficult decision about whether to shop around for a better rate or wait and see how the economic landscape fares but experts warn the latter could have "costly" consequences.
Borrowers are forecast to become increasingly trapped in their mortgages after Australia's financial regulator decided to keep a high buffer on home loans to prepare for future rate rises.
Qantas has posted a record underlying half year pre-tax profit of $1.4 billion, but has warned that ticket prices will not revert to pre-pandemic prices.
Two of the big four banks have passed on the Reserve Bank of Australia's cash rate hike to savers after the country's consumer watchdog announced an inquiry into deposit rates.
Philip Lowe has refused to put a limit on how far the Reserve Bank will go to contain inflation, as he faces a grilling by a senate inquiry in Canberra.
Two graduates fresh from university could soon be earning the salary of a CEO after a global finance company listed 20 entry-level positions with $200,000 starting salaries.
Global economic downturns are unlikely to lead Australia to a devastating recession instead financial experts warn we should be looking for the warning signs locally.
Consecutive interest rate rises have pushed borrowers onto a mortgage cliff and financial experts are also concerned businesses may too fall off the precipice.
Canstar analysis shows the historical average cash rate is 4.6 per cent which is a full 1.5 per cent higher than the current 10-year high of 3.1 per cent.
New York Stock Exchange officials have blamed a "manual error" for the massive price swings and trading halt of hundreds of company stocks that punctuated Tuesday's market open.
The past few years have not been great for the super-rich in China, particularly those who built their fortune in the country's once red-hot property market.