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11th March 2025

SA Business Journal

$36bn wipeout: Aussie stocks smashed as Wall St tanks

Australia is already feeling the impact after global stock markets plunged following Donald Trump’s refusal to rule out a recession. Here’s what you need to know.

US recession fears smash markets

Economic fears have sparked a renewed sell-off in stocks, with US tech giants diving after President Donald Trump declined to rule out a recession.

Tradie empire plumbs new depths: Scale of customer fury revealed

One of SA’s biggest plumbing and aircon companies has triggered the highest number of customer complaints to authorities about alleged widespread overcharging.

First look: Huge call looming on $150m town centre

Fresh images of a $150m development in Adelaide’s north have been revealed ahead of a council meeting that could pave the way to construction later this year.

ICAM buys into $400m market project

Fund manager ICAM has struck a deal to acquire a new retail hub at the centre of a $400m transformation of Adelaide’s historic Central Market precinct.

Musk on verge of tears as bloodbath hits

Former EV darling Tesla is being smashed by a series of massive problems as backlash against Elon Musk’s political behaviour continues to snowball.

High hopes for potentially ‘world class’ titanium project in SA

Petratherm shares rocketed more than tenfold after it discovered titanium near Coober Pedy last year. It’s now restarting drilling at the potentially “world class” project.

Forget hydrogen – there’s a hot rocks renaissance

With hopes of a hydrogen revolution rapidly fading, Earths Energy boss Josh Puckridge believes it’s time to reconsider the potential of geothermal energy.

Meet the US ‘corporate fireman’ offering Star a lifeline

Soo Kim, the man behind the US casino giant making an 11th-hour bid for Star Entertainment, is someone companies call when they get into trouble.

Will fixed income finally shine? It may depend on Donald

Recent years for bond investors ranged from average to terrible, and uncertainty continues, but alternatives are multiplying.

Aussie pokies maker sues US minnow to ‘make an example’

The $43bn ASX-listed Aristocrat is suing a small US company over allegations it ripped off its ‘Bufallo’ and ‘5 Dragons’ games, and it wants the courts to approve punitive damages.

Australia stuck in retail recession, says Country Road owner

The South African owner of Country Road Group says Australia has been in a ‘retail recession’ for the past 18 months but analysts insist many retailers are thriving.