Infometrics chief executive Brad Olsen said 95 reaching the $3 benchmark was a sign of the wider trend.
New Zealand
3:47pm
A new fee structure will remove Trade Me's 7.9% sale success fee from next week – site spokesperson Lisa Stewart said casual sellers would be better off.
Thursday 4:36pm
One report said growth for US businesses in the real estate, finance and other services industries accelerated last month at the fastest pace since the summer of 2022.
World
Thursday 11:01am
1:30
"Pretty amazing to see housing knocked off the perch," says an economist for ASB, which ran the investor confidence survey.
Business
Wed, Mar 4
Oceans and Fisheries Minister Shane Jones wants law changes to 'boost productivity' in our fisheries, a prospect filling some environmentalists with dread.
Environment
A weak labour market has meant that many people have had small pay rises – or none at all – over the past 12 months.
Tue, Mar 3
Prolonged strikes and counter strikes will likely result in higher prices for crude oil and gasoline, according to energy experts.
Mon, Mar 2
Market heavyweights Auckland Airport, Fisher & Paykel Healthcare, and Infratil led the market down.
"We're expecting when markets open on Monday there is going to be a bit of volatility," Infometrics chief executive Brad Olsen said.
The change to the KiwiSaver Act will "ensure workers in service tenancies aren't denied the opportunity to put a foot on the property ladder".
Sun, Mar 1
While New Zealand's economy was expected to continue to slowly recover this year, this time, it's not likely to be dragged up by rising house prices.
Sat, Feb 28
The ACT party is questioning whether the government should retain its majority share in the company.
Fri, Feb 27
Despite unemployment levels and an uneven economic recovery, more than a quarter of the respondents to the bank’s latest Housing Confidence Survey say now is a good time to purchase a home.
Commentators see good news for borrowers in a likely pause to the increases in home loan rates in recent weeks.
Thu, Feb 26
Almost 170,000 children are now living in material hardship nationwide.
Politics
David Seymour said 'virtue-signalling fantasies' have been distractions for the national carrier.
The move followed last week's decision by the Reserve Bank to hold the official cash rate at 2.25%.
Shopkeepers and business leaders wanted the powers, but homeless people warned they raised the question of where they were supposed to go.
Tue, Feb 24
The last week of the corporate reporting season is underway with more than 20 companies yet to report their results to the December 31 balance date.
Mon, Feb 23
Six figures used to mean a comfortable life across the Tasman, but not now, writes Christopher Hoy.
Governments and companies around the world scrambled to determine the impact of the US Supreme Court ruling that struck down some of the Trump administration sweeping global tariffs.
Sun, Feb 22
Anna Breman said inflation expectations have been rising among economic forecasters and businesses - something she is not happy about.
The president's shifting announcements over the last year that he was raising and sometimes lowering tariffs with little notice jolted markets and rattled nations.
Trump said that the Supreme Court’s tariff ruling had other countries "dancing in the streets, but they won’t be dancing for long."
Sat, Feb 21
Households spending more than a third more on utility bills than they did a year ago do not have much money left for fun stuff, Kiwibank economists say.
