Why Australia’s ‘best’ chicken shop closing
The one-man shop praised for selling the “best” Korean fried chicken in Australia has announced it will close in May.
Breaking News
Liberation day sparks $50bn ASX sell-off
The fallout from US President Donald Trump’s tariff policy continued to send shockwaves through the market, wiping out more than $50bn on the local market.
Major bank’s rate cut call after Trump chaos
Australian mortgage holders could get larger and more frequent rate cuts off the back of the Trump tariffs, but an industry expert warns “be careful what you wish for”.
Albo rules out ‘phenomenal offer’ to Trump
Anthony Albanese has hit back after Donald Trump outlined a key condition in exempting local imports from the US’s global tariff fiasco.
‘Staggering’ $2.4 trillion erased on tariffs
Australia’s sharemarket has plunged again after global markets continued to sell-off overnight on fears the US tariff policy could be the start of a recession.
Stocks crash, but rate hope on Trump tariffs
The sharemarket has been smashed after US President Donald Trump announced a 10 per cent tariff on Aussie imports, but there is a silver lining,
Surprising loser in Trump tariff plan
Donald Trump has announced tariffs on Australian beef, with the American people now likely to pay more for one beloved item.
Grim update on casino’s bailout bid
A major retail group has withdrawn its lifeline for the troubled gaming giant Star Entertainment.
ASX jumps ahead of Trump tariffs
Property shares have lifted the ASX 200 higher as markets wait for the impacts of US President Donald Trump’s trade tariffs.
Scam that fooled two million Australians
The number of Australians falling for scams is on the rise, and one particular ruse is top of the list when it comes to catching people out.
‘Last resort’: Doctors walk off the job
Hundreds of surgeries will be thrown into chaos after a powerful doctors’ union revealed its “last resort” in an escalating pay dispute.
Sydney Beer Co owes millions to tax office
Sydney Beer Co owed millions when administrators were appointed, with the tax man and a charity among those left out of pocket.
Key factor driving workplace ‘great freeze’
Stagnant wages mean more unhappy professional Australians, leaving companies dissatisfied with productivity levels, new research finds.
ASX soars ahead of Trump tariff deadline
All 11 sectors finished in the green as the Australian sharemarket soared prior to the next phase of the Trump Tariffs.
RBA boss’ rate cut call on Trump tariffs
Donald Trump’s looming trade war could smash global growth and hit Australia, but RBA Governor Michele Bullock says she’s ready to defend economic growth with rate cuts.
Boomers banned from new super fund
A share trading app has launched its own superannuation fund, with a blunt message for those born before 1970.
ASX slumps on US recession fears
The ASX 200 has slumped to its worst quarter since Covid on the back of fears of an economic trade war
‘Mayhem’: $38bn wiped off Aussie market
A new report into US President Donald Trump’s tariff policy has sparked investors’ fears, with billions wiped from global markets.
Grim reality for those trying to buy a home
Australia’s housing market has continued its resurgence, and the momentum is all down to one thing we haven’t seen since 2020.
Trump D-day to shake up campaign
Voters will be watching Anthony Albanese and Peter Dutton closely this week, with another round of Trump tariffs set to shake up the campaign.
‘Quiet old Friday’ as ASX gains
The ASX finished slightly up on Friday, but investors remain uncertain over a potential hung parliament and US President Donald Trump’s tariffs.
Simple trick that could get you promoted
There’s a remarkably simple way Aussies can get ahead in the workforce, but not every employee agrees with it.
Four key challenges facing Aussie economy
As Aussies get ready to head to the polls, a leading economist warns these are the huge challenges that await whichever party wins the upcoming election.
Major change coming to Virgin, Qatar flights
A major change is on the horizon for Virgin Australia and Qatar Airways after a new partnership was green-lit by the consumer watchdog.
Grim immigration outlook for Aussie business
A fall in overseas arrivals into Australia could put further pressures on struggling businesses, an economist has warned.
‘Mass uncertainty’ as ASX breaks win streak
The ASX stumbled into the red on Thursday as US President Donald Trump’s freshly announced auto import tariffs stirs ‘mass uncertainty’ among investors.
Major banks’ grim news for savers
The major banks have slashed their deposits and savings rates, just days before the RBA will announce the nation’s official cash rate.
Chalmers budget unlikely to sway RBA
Cost of living relief and a modest tax cut are unlikely to slow the RBA’s progress on cutting rates, according to analysts.
ASX soars for fifth day in a row
The local sharemarket has secured its fifth consecutive day of gains on Wednesday as optimistic investors rallied in 10 of 11 sectors.
Insane amount Aussies spend on sport
Cost of living might be putting pressure on the household budget, but sport is one thing Australians aren’t willing to give up.
Iconic Aussie clothes brand collapses
Another large Aussie retailer with staff across the country has gone into administration, with all of its physical stores to close.
‘Live’: Renewed hopes for early rate cut
Homeowners have received a new boost, with falls in inflation renewing hopes for an early rate cut.
Every cost of living boost in the budget
The Albanese government has announced a number of key measures in the budget aimed at easing cost of living pressures. Here’s how it could help you.
ASX seesaws in trade on Monday
The Australian ASX200 has seesawed as markets await major economic updates, including just what Donald Trump will do next on tariffs.
Star’s advice on slowing down scammers
Jessica Rowe and her mum are spearheading a campaign to encourage Australians to talk to their loved ones as a way to help prevent scams spreading.
‘Really cautious’: Huge rates claim
Australia’s central bank is likely to be nervous ahead of its next rate decision for one very good reason that’s out of its hands.
‘Election bribe’: Power bill relief heats up
The government has found money in its budget to lock in an energy bill subsidy until the end of the year, but the Treasurer insists it’s not an ‘election bribe’.
‘Completely blindsided’: April rate cut is on
A steep decline in employment figures has raised alarm bells as older workers quit the workforce – but the sudden exit has raised the prospect of an April rate cut.
Woolworths, Coles drives ASX higher
A rally in Woolworths and Coles shares on Friday helped the ASX finish higher on Friday, helping to lift the ASX to its best weekly gain in 2025.
Real issue facing supermarkets after probe
Australians have changed the way they shop after the consumer watchdog started an inquiry into the supermarkets.
‘Power’: Big call on supermarket profits
Australia needs more competition in the supermarket industry to stop customers paying a higher margin on their groceries, an industry expert warns.
How Trump move made Aussies poorer
There’s a simple reason why most Australian workers were a little poorer at the end of February, and it’s all to do with Donald Trump.
$6000 boost for Aussie workers
Australian workers would ultimately be up to $6000 better off with a remarkably simple change to their pay, a minister said.
ASX surges to best day in six weeks
‘Pretty positive’ reactions from news from the US Federal Reserve and local employment data led the Australian sharemarket to its best day in six weeks.
Hidden detail in Australia’s job figures
Thursday’s unemployment figures have revealed another sign Australia’s economy has turned a corner.
Graph shows big issue facing Australia
Australia’s net migration remains high, as both sides of politics gear up for a fight on the issue.
‘Problematic’: Warning to Aussie homeowners
Australian homeowners may have to resign themselves to higher mortgage payments as political tensions in the US continue to rise.
Popular city restaurant shuts its doors
A popular Sri Lankan restaurant in Sydney’s CBD will shut its doors after 10 years of service with owners saying it felt like the right time to step away.
ASX snaps three-week winning streak
Australia’s sharemarket has finished in the red as investors wait to see if the US Federal Reserve will spur on the world’s largest economy.
Eye-watering salary to be ‘comfortable’
Persistent inflation and a dramatic surge in house prices means Aussies now think they need to make an insane amount just to be comfortable.
Middle East turmoil spooks ASX
The Australian sharemarket relief rally continued for the third straight day on Tuesday, although the afternoon’s trading session will likely disappoint investors.
US tariffs threaten Australia’s soft landing
Australian businesses have been hit with a grim forecast for the year ahead, as US President Donald Trump implements his tariff plan.
ASX soars on possible US rate cut
The Aussie sharemarket lifted today on talks of a potential rate cut in the US, the start of a big tech week and potential stimulus measures from the world’s second largest economy.
RBA not sold on the next rate cut
The Reserve Bank says the data will decide when it cuts the official cash rate again, as developments from US tariffs complicate the decision.
Major bank reveals huge rate cut
A major bank has reduced its variable rates, as experts predict a ‘rates war’ between the big four lenders is about to heat up.
Why Australia can’t afford election cash splash
Pre-election budget sweeteners could have a long-term impact on Australia’s bottom line, and any quick fix should be evaluated in three words.
How terrifying ordeal led to booming business
Two Aussie best friends have created a booming business venture after realising they had a deeply personal connection to a terrifying disease.
ASX 200 snaps three day losing streak
Australia’s sharemarket snapped a three-day losing streak on the back of the major miners, as the price of gold and iron ore climbed throughout the trading day.
Australia urged to remain calm on Trump tariffs
The chief executive of one of the country’s largest banks said Australia should remain calm and use the Trump tariffs to our advantage.
‘Sucker punch’ for Aussie households
Cash-strapped Aussie households are being warned they will soon face higher electricity costs.
ATO’s warning to one group as tax time looms
The Australian Taxation Office has announced its hit list for businesses ahead of tax time, as it looks to crack down on dodgy practices.
Major change to Qantas rewards program
Jetsetters and frequent flyers will need more points to take Qantas long haul flights in the premium seats under new changes to the popular program.
$270bn wipe-out on the Aussie market
US President Donald Trump continued to send shockwaves through global markets as his tariff plan officially comes into effect on Wednesday afternoon.
Cricket legend’s beer company goes bust
Another Australian beer company has gone bust despite its celebrity owners, as the tough retail environment continues to put pressure on small businesses.
ASX ticks higher on banks and insurers
The ASX 200 rose on Monday, snapping a 2.5 per cent weekly fall last week, but market sentiment remains low on Donald Trump’s tariff plans.
‘Alarming state’: Grim renters’ reality
Soaring rental costs mean more Australians are struggling to pay their rent as affordability levels fall to a record low.
Star Entertainment receives $53m lifeline
Star Entertainment has announced it has been able to secure a much needed lifeline, as the business faced insolvency.
Trump tariff causes ASX market crash
The Australian sharemarket was hammered on Friday as escalating global trade tensions and the risk of a US recession continued to unsettle investors.
Act renters hate all but abolished
Dodgy landlords and real estate agents trying to bully tenants into paying a higher rate have all but been eliminated from one state.
Australia’s $200bn fallout from Trump tariffs
The ASX 200 has lost $200bn in just three weeks as the impact of US President Donald Trump’s brutal tariffs reverbate through markets.
Household spending on this item soars
Aussie households are spending more on one thing, lifting consumer spending, new data has revealed.
ASX falls to 10 week low
A trio of stronger than expected economic data was not enough to stop Australia’s share market trading heavily in the red on Thursday.
Key group not helped by rate cut
A key group is yet to see real relief from the RBA’s recent rate cut, a big four bank has revealed.
New apartments up but housing target lags
Housing approvals rose to a new record high in January largely off the back of new apartments being built across NSW, official figures show.
Hundreds of flights axed as cyclone nears
More than 150 flights into Brisbane were cancelled in one morning as millions of Aussies brace for Tropical Cyclone Alfred to hit.
ASX dives on latest Trump development
The ASX 200 followed the US markets trading deep in the red on the back of the latest announcement by President Donald Trump on trade tariffs.
Surprising item boosting Australia’s economy
Chickpea sales to India have given the Australian economy an unlikely boost, according to the latest current account figures.
One thing Aussies planning to ditch
Cash-strapped Aussies weighing up whether to maintain one expense have been tipped over the edge by the biggest price rise in seven years, a survey claims.
One thing driving retail sales in January
Australia’s love of sport has helped lift consumer spending for January as cost-of-living pressures ease.
Key detail on Australia’s next rate cut
The Reserve Bank concedes there is still uncertainty around Australia’s cost of living and has hinted what its next move on rates will be.
Original URL: https://www.news.com.au/finance/business/breaking-news