RBA’s major clue on next rates decision
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
Breaking News
Aussies set to rack up insane credit card debt
Cost of living pressures are causing Aussies to turn to credit this festive season, which experts predict could take years to pay back.
Ray of hope emerges for Aussie economy
A new outlook has forecast the Australian economy is on a “narrow path to a soft landing” and is tipped to improve next year – but there’s a major catch.
ASX snaps grim days-long losing streak
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
Major change to Aussie cash revealed
A major change to Aussie cash could be on the cards – which would essentially keep cash in the Australian system despite the dominance of card payments.
Major bank’s huge $6.35m error
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
Urgent warning for thousands of Aussies
Aussies are being warned to check their mobile and wearable payment devices or risk being unable to purchase items this New Year’s Eve.
Common items secretly costing you hundreds
A few small lifestyle changes could save Aussies hundreds of dollars on their power bills this festive season, a leading electrical expert has revealed.
Grim update as ASX sell-off continues
The ASX has tumbled to a new low after markets continued to sell off, with investors factoring in a less-than-favourable decision in the US.
True Aussie Christmas favourite revealed
Aussies are stocking up massively on food this festive season – with over one million portions of a clear Christmas favourite already sold.
CEO of high-end brand calls time
The boss of one of Australia’s leading luxury personal products brands has quit after 20 years and is taking a “sabbatical”.
ASX plummets after US reserve’s pivot
The ASX cratered after a major decision on a US rate cut, with all 11 sectors trading in the red.
Budget blowout funded by bracket creep
The budget’s bottom line is forecast to blow out by more than $20bn, funded largely by bracket creep in the coming years, economist warn.
One thing making Aussies $1.5 trillion richer
Australia’s collective household wealth has soared over the last 12 months driven by one key thing.
Huge benefit 14m Aussies have weeks to get
Millions of Aussies are rushing to make appointments so they can claim extras from their health insurance before the December 31 cut off.
Coke supply threatened for Christmas
Christmas could be a little flat as Coca-Cola factory workers go on strike on Thursday for a second time this month.
Fury over bank’s ties to weapons company
Protesters have targeted ANZ bosses over the bank’s ties to the world’s largest weapons company and its funding of major polluters.
Aussie dollar slumps to 24-month low
The Aussie dollar has collapsed during this morning’s trading as the US Federal Reserve says the rate cutting cycle will slow down.
Ikea’s surprise best-selling item revealed
A popular furniture retailer has revealed the surprising item Aussies are buying the most.
ASX trades flat ahead of US rate cut
The ASX 200 traded slightly down ahead of a major decision by the US Federal Reserve, just after the market hit a four-day high.
‘Profit over people’: NAB’s big regret
NAB bosses have acknowledged that its most vulnerable customers were left in the lurch as they faced angry shareholders over the bank’s failures.
Qantas to pay $120m over jobs scandal
Qantas will have to pay 1800 former workers a total of $120m after it was found to have illegally sacked and outsourced baggage handlers during the pandemic.
ASX 200 snaps 5-day losing streak
The ASX 200 snapped a five day losing streak, as the Santa Claus rally finally arrives.
Christmas gift Aussies could do without
Aussies are being slugged with an unwanted Christmas gift of higher home loan repayments, fresh figures show.
CommBank boss ‘unaware’ of $3 fee
The boss of Australia’s largest bank says he was unaware of the controversial $3 service fee being applied to one account before it was announced.
Ikea’s surprising cost-of-living move
Furniture titan Ikea says it is doing one thing in a “challenging environment” to help Aussies through the cost-of-living crisis.
‘Team player’: Major bank’s CFO retires
Westpac has announced its chief financial officer is leaving the company just months after its chief executive announced his retirement.
ASX falls to fresh four-week low
The ASX 200 has continued to suffer major headaches amid falling iron ore prices – with the market falling to a fresh four-week low.
Surprising falls on Aussie Xmas favourites
Falling prices at the checkout mean Aussie families are tipped to pay slightly less for Christmas BBQ favourites this holiday season, according to new research.
Bank sued, customers scammed out of $23m
The corporate watchdog is taking a multinational bank to the Federal Court over alleged failings to protect customers from scams.
Why RBA is being blamed for inflation
The RBA’s slow response to the post-Covid economic boom is to blame for Australians paying more on their mortgage today, a consulting firm has found.
ASX slumps to worst week in four months
A sharp sell-off in materials and utilities dragged the Aussie sharemarket into the red – marking its worst week in four months.
Virgin, Qatar drop huge sale for Aussies
The holiday season has started early for Australians, who now have more options for international travel after two major airlines joined forces.
RBA’s excuse for rate forecast fails
The RBA has defended the economic forecasting it does to help the board when it considers changes to the cash rate, admitting the predictions are likely wrong.
‘Should pay’: Albo’s tech company ultimatum
Tech giants will face hefty penalties if they don’t pay Australian media companies for news under a revised media bargaining code – with the Prime Minister saying they “should pay for journalism”.
Big bank’s surprise call on cost of living
Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.
ASX falls on surprising jobs figures
The ASX has fallen to a three-week low on Thursday as markets digested better than expected unemployment figures.
Biggest sign yet of turning point in economy
The men who hold the purse strings at Australia’s biggest businesses say the economy is improving and are the most optimistic about the future since Covid.
New figure that dashes hopes of rate cut
Mortgage holders hoping for a rate cut may have to wait until May after these surprising figures were released on Thursday.
Perfect storm punishes Aussie dollar
The Aussie dollar traded at a 13-month low on Thursday morning as investors are cautious about Australia’s economic future.
RBA’s major Trump call after tariff spree
The Reserve Bank has made a major call on the potential impact of Donald Trump’s second presidency on the Australian economy.
Albo’s huge blow to Meta after pay standoff
The social media giant will be forced to pay publishers for news content in an extraordinary intervention by Anthony Albanese, following an extensive standoff.
ASX falls to three week low
A sharp sell-off in information technology and energy stocks dragged the Australian markets down during Wednesday’s trading.
Telstra hit with $3m fine for triple-0 outage
Telstra has been fined $3m for a triple-0 outage earlier this year that led to 127 calls not being transferred to emergency services.
Fresh blow to Aussie mortgages
Homeowners desperate for some rate relief will need to wait until 2025, as the Reserve Bank of Australia held official interest rates for the ninth time in a row.
‘Not immune’: Retail giant battles in cost crisis
One of Australia’s iconic retailers is forging on with a huge business deal in the face of tough conditions for retailers.
‘Weak’: Business confidence falls sharply
The cost of doing business in Australia is too high to handle for many organisations, the latest business confidence survey has found.
Retail gives ASX a bump up
The gift-giving season has shunted the ASX to a marginal gain on Monday as oil uncertainty buried many of the big players.
91 per cent chance of this interest rate call
Mortgage holders and business owners should not hold their breath for any interest rate relief on Tuesday.
‘Extensive experience’: ANZ picks new boss
One of Australia’s largest companies has found its new chief executive, an international banker of “calibre and extensive experience”.
Big call for tax change on super
Calls for a major overhaul of the current superannuation system to make it fairer for all working Australians.
‘Unreliable’: Dire blackout warning
Aussies are being warned they will swelter through one of the hottest summers on record, with power blackouts on the cards due to a surprising culprit.
ASX finishes week in the red
The ASX 200 has traded down following weak investor sentiment and a key piece of US data coming out overnight.
Huge number of working Australians revealed
The number of Aussies employed since Covid has ballooned by 1.5 million, with one sector in particular leading the way.
Biggest Aussie business fear revealed
As the cost of living crisis continues to impact small and medium Aussie businesses, thousands of owners have revealed their biggest fear which keeps them up at night.
Mixed day for Aussie sharemarket
The local market traded higher on Thursday but was unable to close above 8500 points due to a pullback in the afternoon’s trading.
Fears of ‘$50 an hour’ parking fee
Fears grow as the ACCC looks into a merger between two of Australia’s biggest parking and payment operators, which could see costs skyrocket.
Sign Aussie recession tipped to end
A recession gripping Australia’s struggling retail sector is tipped to end – as household confidence grows and consumers look to spend their tax cuts.
Surprise reason for Aussie spending jump
A surprise jump in spending in major two areas has given early indications Aussies are starting to spend again, in spite of a high cost of living.
ASX snaps three day winning streak
The Australian sharemarket has fallen just days after cracking a record high 8500 points in a broad market sell-off on Wednesday.
Rate warning after weak growth figures
As higher for longer interest rates and inflation continue to bite, Aussies have been hit with more bad news on the economic front.
CBA’s major move on controversial cash fee
A proposed $3 fee on cash withdrawals from Commonwealth Bank branches for some customers has been paused in response to national fury.
Woolworths reveals cost of strike action
Australia’s largest retailer has revealed the staggering cost of industrial action by the United Workers Union at its distribution centres.
‘Contempt’: Katter unleashes on new bank fee
Maverick MP Bob Katter has joined the chorus of criticism against CommBank for imposing a $3 fee to withdraw cash from some accounts.
ASX continues record high run
Australia’s sharemarket cracked a fresh record high on Tuesday, on the back of renewed economic confidence.
Government spending surges to $195bn
Strong public spending is offsetting an overall weak economy, new figures from the ABS reveal, ahead of the release of the latest growth figures on Wednesday.
Map reveals fatal risk growing in Aus
A hot and wet summer is going to put further pressure on household budgets and the health of millions of Aussies.
ASX sets new record high
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
Proof Aussies have thrown off shackles
The doom and gloom for Aussie retailers seems to have subsided – and that was even before an expected bumper Black Friday sales.
Proof Aussies have thrown off shackles
The doom and gloom for Aussie retailers seems to have subsided – and that was even before an expected bumper Black Friday sales.
Christmas tradition Aussies are ditching
Aussies looking to cut back this Christmas are walking away from this holiday tradition, but it might not be saving them as much as they think.
Major bank makes huge rate call
The big four bank is the latest institution to push out its timeline for a Reserve Bank interest rate cut, as customers start spending their stage 3 tax cuts.
ASX retreats from record high
The Australian sharemarket trimmed during Friday’s trading as investors took stock of later than anticipated rate cuts.
Aussies fear right to disconnect laws
Aussies are willing to sign away their rights and stay in constant contact with their boss, as long as the employer pays them for the privilege of it.
Ex-treasurer grilled over Cbus scandal
A former federal treasurer who now chairs Cbus Super has faced a hostile grilling over a raft of allegations directed at the fund.
‘Worse without:’ Bullock’s bold jobs call
The RBA governor surprisingly came out in support of Australia’s big spending budget saying the economy “would be worse without it”.
Warning as banks move away from rate cut
Mortgage holders’ hopes of a February rate cut are fading as big four bank analysts begin to alter their predictions.
‘Shame’: Shareholder rips into Star casino
Major casino giant Star Entertainment has faced fiery shareholders due to the business’s poor performance in recent years.
ASX rallies on rate cut predictions
The Australian market rallied during early trading as markets factor in further rate cuts in the US.
Inflation update grim news for rate cut
Inflation figures have continued their trend down, but not in a way that will help mortgage holders any time soon.
Original URL: https://www.news.com.au/finance/business/breaking-news