Investors liked what they heard from Woolworths today, sending the company's stock up almost three per cent.
It helped drive another broader stock market bonanza, with the stock exchange's main index, the ASX 200, closing just shy of a fresh 11-and-a-half year high. This comes hot on the heels of the Reserve Bank cutting the cash rate to a new record low and governor Philip Lowe practically pleading for the Federal Government to help him grow the economy.
I don’t think they should pay much rego, as they don’t wear out the roads. Though it could be used to widen bike lanes. But they should wear rego no’s for ID, & be licenced, so they can be subject to the same Laws, & surveillance, as the rest of us road users
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RBA cuts cash rate to historic low of 1 pcThe Reserve Bank has cut the cash rate by 0.25 per cent today to a new record low of one per cent, hot on the heels of last month's cut. Key for the bank's board is both unemployment and under-employment across the country. Left it a year too late, now panicking as usual. Just useless. 👨🌾
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RBA poised to make historic interest rate decisionToday the Reserve Bank meets to decide whether or not to cut the cash rate to a new historic low of 1 per cent. Front and centre on the Reserve Bank Governor's mind will be whether or not Australia's unemployment rate is likely to improve in the coming year. To cut or not to cut...
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