Aussie shares dip in wait for US open
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
Federal Budget
Bargain hunters turn out for early sales
The ABS has released its latest data on retail trade and building approvals, and the numbers show a boost for the Aussie economy.
Grim sign fresh rate hike coming
The Reserve Bank has released the minutes from its June board meeting where it considered another rate hike. The discussion shows some storm clouds for homeowners.
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Group getting $3k tax cut revealed
Jim Chalmers has amped up his tax cut sell, revealing the group of Aussies expected to pocket an average of $3000 amid renewed concerns on the inflation fight.
ASX gains to close out positive week
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
ASX drifts lower on China woes
Wall St hit fresh highs overnight but it wasn’t enough to lift Aussie equities, with the ASX200 drifting lower on extended weakness in China.
Major bank’s warning on rate cut risk
One major Aussie bank has made a major call on when the next rate cut will kick in – and it’s not all good news.
All the changes coming next month
From tax to minimum wage, the financial landscape for Australians will change dramatically from July 1. Here’s what’s coming.
Aussie state people are flocking to
A massive net overseas migration number has pushed Australia’s population to 27 million in the latest population figures from the ABS.
ANZ makes horror 2025 rates prediction
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
Millions of Aussies set for pay rise
Australia’s workplace umpire has revealed its reasons for increasing the minimum wage for 2.6m workers by another 3.75 per cent.
ASX snaps losing streak in broad rebound
Aussie shares shrugged off a grim night on Wall St to end a three-day losing streak and finish the week with a broadbased rebound.
More bad news for the housing crisis
With the commencement of the Albanese government’s 1.2 million homes target less than one month away, housing approvals continued to disappoint.
ASX falls on Wall St worries, BHP tumble
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
‘Still strength’ in inflation, RBA warns
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Aussie shares slump on CPI shock
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
‘Everyone wins’: Surprise company tax call
Labor’s Industry Minister is advocating for a cut in corporate taxes to help companies have the capital to invest in the future.
Aussie shares rebound in broadbased rally
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
Taylor sinks deeper into migration mess
Shadow treasurer Angus Taylor appears to have contradicted his own party’s proposed cuts to the net migration intake, after indicating a completely different figure to one proposed just days ago.
‘Vampires’ costing Aussie homes hundreds
Aussie households are being ripped off at an astonishing rate by energy “vampires” that rack up charges on household power bills even when turned off.
‘Shambolic’: Coalition muddies migration
While attempting to lay out the Coalition’s economic credentials, shadow Treasurer Angus Taylor confused the opposition’s cut-through line on migration.
Major bank’s call on pending tax cut
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
Woolies boss’ big call on monster profits
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
Gina’s controversial solution to housing crisis
Australian billionaire Gina Rinehart has offered some advice for Prime Minister Anthony Albanese as he struggles to secure a budget bounce.
‘Failed budget’: Dutton digs in on migration
Opposition Leader Peter Dutton has backed in his plan to overhaul Australia’s migration intake to help end the housing crisis.
‘One click’ to save Aussies hundreds
Energy retailers will be forced to help customers pay less for their electricity.
‘Damage’: Dutton migration plan slammed
The Treasurer said the Opposition Leader Peter Dutton’s plan to slash migration would cause major damage to the Australian economy.
More than one third of Covid jabs thrown out
The government is spending an eye-watering amount of money to continue the national Covid vaccine program, even as more than one third of the jabs are wasted.
Why NDIS and child care fraudsters make my blood boil
We know the NDIS is rife with fraud, the taxpayer is losing at least a billion dollars a year there. Now child care has similar issues. Something must change, writes Julie Cross.
‘Quick quiz’: Question Dutton can’t answer
Peter Dutton has stumbled on breakfast TV over his new migration policy, conceding he wasn’t able to answer a simple question.
Advocates call out budget imbalance
The Treasurer has been blasted for providing a budget that does not adequately support Australia’s poorest people amid the ongoing cost-of-living crisis.
Dutton makes huge migration promise
The Coalition will ban foreign investors and drastically reduce migration numbers in a pre-election pitch that has accused Labor of being “disconnected” to everyday Australia.
Dutton to lay out pre-election pitch
Opposition Leader Peter Dutton is bracing for an early election, and will lay out his vision for the country in a speech on Thursday night.
Dutton to lay out pre-election pitch
Opposition Leader Peter Dutton is bracing for an early election, and will lay out his vision for the country in a speech on Thursday night.
Hidden good news in wages growth slip
Workers, already under pressure from inflation, saw their wages slide last quarter but there is some good news for homeowners.
Chalmers digs in despite warning bells
Despite a chorus of economists sharing concerns with the budget, the Treasurer is adamant his plan won’t make the cost of living crisis worse.
‘Misses the mark’: Aged care budget fail as medicine discount scrapped
Aged care and health groups have slammed the Albanese government for putting major reforms on the “back burner” in the federal budget.
‘We’re all losers’: Aussies rage on budget
Thousands of Australians have bagged out the Labor Government for its latest federal budget. See their thoughts and have your say.
Albo hits back at border security claim
The Prime Minister has hit back against claims his budget will take money out of border protection as the government grapples with a rise in illegal boat arrivals.
‘Right now’: Chalmers defends promise
In an attempt to neutralise criticism over a key Labor policy, the Treasurer said households needed immediate support.
‘Absolutely disgusting’: Aussies fire up over $468m NDIS budget
Australians are outraged after it was announced that millions of dollars will be spent in getting the NDIS back on its feet. See their reactions and have your say.
One state getting $1300 bill boost
Households in one state will have the majority of their energy bills paid for a year following Tuesday night’s federal budget.
ASX lifts on post-budget mining bounce
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
Your federal budget 5-minute guide
Millions of Aussies will welcome tax cuts, bill relief and frozen medicine prices. But others will feel pain with the cost of living blowing out. See what’s in the budget and how it affects you.
$9k worse off: Calculate how much tax you’ll get back
Some Australian households will be more than $9000 worse off when it comes to tax cuts | Use our interactive calculator
How Aussies really feel about $300 promise
Everyone knows it can be tough to get Sydney people to agree on something – but there is one issue currently uniting all of them.
Budget bets billions on big cars over EVs
The Federal Government is betting its bottom line on diesel and petrol cars despite its determined push motorists for green machines.
Original URL: https://www.heraldsun.com.au/business/economy/federal-budget