Star casino inquiry adjourned; BOQ’s mortgage gripe; China’s ‘assault’ on Australian minerals

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In today’s news, the Star casino inquiry has been adjourned, Bank of Queensland says selling more mortgages will make its ugly position worse, and Australian minerals are “under assault” from China.After a sell-off deepened, Australia’s sharemarket was reviving near noon AEST, as gains in utilities offset losses in mining.

The hearing was put on hold after the company’s solicitors released documents to the probe related to its former chief financial officer, Christina Katsibouba.ASX stocks at risk from Ozempic – and ResMed isn’t one of them Morgan Stanley brokers say the explosion of interest in the weight loss drugs will be far bigger than first thought. And these big companies could get hit.The Federal Reserve chairman’s comments triggered a further sell-off, deepening the pain for investors who placed big bets that 2024 would bring interest rate cuts.The Joe Biden guide to dressing younger

When Donald Trump derides his rival as doddering Uncle Joe, he is missing a point any tailor would point out – there is getting old, and there is looking old.Instead of trading your time for a wage, as with typical jobs, people who earn a so-called “passive income” do so with minimal input. But how easy is it really?Don’t be fooled by the pop in Bank of Queensland’s share price.

 

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