A bit rich: Aussie wealth at record highs, but don't pop the champagne yet

The average wealth of Australians was now $556,000, a rise of almost 20 per cent over 2021, according to CommSec.

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.