Fear of Missing Out (FOMO) is the major reason most teens go online. (file image)

Business

Crypto and bond scams soar as ACCC warns about rogue texts

More than $205 million was taken from Australians by scams in the first four months of the year and more than half of that was from crypto rip-offs, according to the Australian Competition and Consumer Commission.

Business

RBA holds firm on interest rates as Costello warns of challenging times

Home owners can breathe a sigh of relief. The Reserve Bank has ruled out any near-term hike in the official interest rate.

Business

Investors lose almost a year's gains as ASX follows Wall Street

For a while there, the markets looked unbeatable but at one point on Thursday almost all of the gains made by investors over the past year were gone.

Business

Pump it up: Rates tipped to rise early as Reserve Bank drops 2024 target

The Reserve Bank has dropped its claim that interest rates would not rise before 2024, leaving economists tipping mortgage increases as early as next year.

Business

Upbeat Reserve Bank pivots and puts faith in the economy being down but not out

The Reserve Bank will continue to buy bonds at a rate of $4 billion a week until February as it pumped optimism back into the markets claiming that the COVID-19 outbreaks in southern states would delay, not derail the economy.