Money

Australia’s Crown Resorts appoints new Chairman as Helen Coonan departs

Published

4 years ago

August 26, 2021

Outgoing Crown Resorts chair Helen Coonan has been replaced by NBN chair Ziggy Switkowski

Outgoing Crown Resorts chair Helen Coonan has been replaced at the helm of billionaire James Packer’s imperilled casino empire by former Telstra chief executive and respected company director Ziggy Switkowski.

At the age of 73, MrSwitkowski last year was a director of fellow gaming company Tabcorp.

Switkowski’s appointment to Chairman comes amid three separate royal commissions into the Crown Resort company’s affairs, the most recent of which is still unfolding in Perth.

https://twitter.com/tickerNEWSco/status/1430816023905587204?s=20

Switkowski is currently the chair of the federal government-owned NBN Co

Mr Switkowski will be chair to Crown’s new chief executive Steve McCann, who is yet to receive probity clearance from Crown’s myriad regulators.

Switkowski as a former Tabcorp director has jumped through probity hoops before in both Victoria and NSW, which should speed up what has been a slow process of approval for other new Crown executives and directors.

The group is expected to reveal its annual results to the market on Monday.

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

43 minutes ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

1 day ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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Money

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

2 days ago

January 19, 2026

Harvey Vargas

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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