Money News

Bitcoin has smashed through $120,000 USD per coin for the first time in its history.

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The ASX 200 has closed down 9.7 points or 0.11% to 8,57.4,  Prime Minister Anthony Albanese says Australia and China should cooperate more closely over green steel and Bitcoin smashes through its previous high, reaching a new all-time high of $123,218.

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The ASX 200 Index rallied 50.6 points, 0.6 per cent, to 8589.2, just shy of its record close of 8603 set last week, Silicon Valley chipmaker Nvidia has become the first publicly traded company to surpass a $US4 trillion market valuation, and New data shows Australian household spending increased in June by 0.3%.

Host: Scott Haywood

Executive Producer: Nelson Scott

Technical Producer: Liam Achurch

Publisher: Nine Radio

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50 Australian milliners have already taken up BB Millinery’s cause to raise money for the victims of the NSW floods

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What will the looming pharmaceutical tariffs in the US, mean for Australia’s world leading medical research and technology businesses?

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Silicon Valley chipmaker and AI bellwether Nvidia breaks records on Wall Street, while closer to home Bega winds down its peanut group

MARKET WRAP:

• ASX200: Up 51 points to 8,589
• GOLD: $3,326.52 USD/oz
• BITCOIN: $169,371

CURRENCY UPDATE:

• AUD/USD: 66 US Cents
• AUD/GBP: 48 Pence
• AUD/EUR: 56 Euro Cents
• AUD/JPY: 95 Yen
• AUD/NZD: $1.09 NZ

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New data shows household spending increased in June by 0.3%, but is it enough to get the economy moving amidst a cautious Reserve Bank?

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The S&P/ASX 200 Index closed 50.6 points, 0.6% higher to 8589.2 on Thursday – just shy of its record close set last week, Nvidia becomes the first company to trade above the $US4 trillion, Donald Trump hits Brazil with a 50% tariff and why you should get your kids hunting for coins this school holidays. 

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The ASX 200 dropped on Wednesday as US President Donald Trump ramped up his trade war, Shadow Treasurer Ted O’Brien reacts to the tariffs and the RBA’s decision to keep interest rates on hold at 3.85% and the State of Origin Rugby League delivers a massive boost to the nation's economy.

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The S&P/ASX 200 has recorded its biggest fall in 9 weeks, closing down 52 points to 8538 after being rocked by more potential tariffs from the Trump administration.

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