‘Coming days:’ Albo hints at Payman bombshell
The future of a rebel Senator who crossed the floor on Palestinian statehood will be revealed imminently, the Prime Minister told question time.
Australian Economy
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.
$50m deal to save cash given OK
The consumer watchdog has granted interim approval for the multimillion-dollar deal to ensure the transport of cash across Australia.
‘Cracks showing’: Rate rise threat looms
A growing list of experts now fear the Reserve Bank will hike rates next month, which could have big consequences for millions of Aussies.
‘Money ran out’: Aus couple’s grim truth
A young couple that bought their home in 2021 have shared exactly how much more they are paying and the dream it has “slowed down.”
‘How do you live here?’: US host rips Sydney
Former Fox News host Tucker Carlson has weighed in on one of Australia’s most contentious issues, days after blasting a journalist as “stupid”.
1400 jobs in limbo as mine fire burns
A fire at a major coalmine has caused hundreds of workers to be sent home and their futures are uncertain.
Australia in $7.5 billion a month free fall
Things were going well with a key trading partner until a few years ago, now things have taken a turn for the worse, and it’s taking a brutal toll.
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.
Big promise to stop grocery prices rising
Opposition Leader Peter Dutton has put major supermarkets on notice, with the Coalition promising harsh penalties and policies which could split up the duopoly.
Mum’s sad plea proves Australia is broken
A young mother has made a desperate plea after she says her family would be homeless without help from her parents due to the rising cost of living.
‘A joke’: ATO slammed over tax queues
Aussies rushing to lodge their tax refunds have slammed the Australian Taxation Office as a “joke” over major website delays.
How much you’ll get in July 1 changes
With changes to income tax, superannuation and the minimum wage coming into effect today, here’s how to work out how much money is coming your way.
Aussie mortgages spike by $21,000
Australians are increasingly making a desperate move to try to lower the cost of their mortgage, as it’s revealed how much extra the average owner is paying.
All the big changes starting today
The start of the new financial year is here, and as always there are a raft of big changes kicking in.
’People like us didn’t need a tax cut’: Lambie
Senator Jacqui Lambie, who earns $233,643, has dismissed the personal income tax cuts, saying “people like us” don’t need them.
How your pay packet will change from today
Treasurer Jim Chalmers outlines the changes coming into effect today that will help “every Australian up and down the income scale”.
‘Hit the sweet spot’: PM’s pledge on economy
Anthony Albanese says a range of measures coming into effect on Monday will help Australians with the cost of living and help ease inflation.
The households who just made $25k
Millions of Aussie households have been bringing in the bacon without lifting a finger.
Landlord’s shock move after eviction
Rents spiked as high as 6.9 per cent across Australia but some landlords are doing the unthinkable despite a cost-of-living crisis.
Dire warning of several rate hikes this year
The worst fears of household borrowers could soon be realised as the Reserve Bank grapples with stubbornly persistent price pressures.
’Huge pressure’: Cost of living soars again
With recent data showing prices continue to soar, economists are split on the next move for interest rates but it isn’t looking good.
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.
‘Stunning reversal’ needed to stop rate hike
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
‘Bounces around’: Chalmers’ take on shock CPI
Treasurer Jim Chalmers says higher inflation data released on Wednesday was still lower than what the government had inherited from the Coalition.
‘Disastrous’: Fears for Trump presidency
Alarm bells have been sounded that if Trump wins the presidency it could see the global economy blow up and spell bad things for US democracy.
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.
‘Very strong’: Albo’s promise on nuke fight
The Prime Minister has again ridiculed the Opposition’s nuclear energy policy during a fiery attack in question time. How the day in politics unfolded.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
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.
Original URL: https://www.news.com.au/finance/economy/australian-economy