The Dow tumbles as inflation hits 40-year high

Hanah Lopes

The Dow (INDU) dropped nearly 800 points on Friday afternoon after a key inflation report missed estimates and showed a higher-than-anticipated increase in the price of consumer goods. The May consumer price index rose 8.6% year-over-year, its highest level since 1981. Economists had forecast an 8.3% increase. The core index, […]

Accounting business conditions hit seven-year high

Hanah Lopes

Confidence among accounting firms is the highest it has been in seven years, CommBank’s latest Accounting Market Pulse report found. The report, which has been running since 2015, showed 80 per cent of firms surveyed had a positive view of current business conditions and more than 90 per cent were […]