$CommBank (CBA.AU)$, the country's biggest lender, implemented significant reductions to almost all of its term deposit interest rates, lowering them by 0.5 percentage points last Friday. Following suit, $National Australia Bank Ltd (NAB.AU)$ and $ANZ Group Holdings Ltd (ANZ.AU)$ made similar moves on Monday, with ANZ implementing even steeper cuts, reducing rates by up to 80 basis points.
Since August, a total of 23 banks have red...

The markets sold off Tuesday, with heavy moving average volume red candles across the indexes. Investors were awaiting the first of five major earnings this week - AMD and Microsoft. One beat, one missed barely. Overall, equities climbed more than they declined, but just barley.
After the 4 pm ET close, the $S&P 500 Index (.SPX.US)$ fell 0.5%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.5%, and $Nasdaq Composite Index (.IXIC.US)$ fell 1.28...