Grim reality for Aussie businesses
Aussie businesses have been hit with a grim forecast for the year unless consumers change their spending habits.
Australian Economy
Massive Gen Z, Boomer divide exposed
The cost of living crisis remains front of mind for young Aussies, while boomers are splashing their cash on travel and shopping.
Major twist after lake rename sparks anger
A controversial decision by the Victorian government to rename a lake after an Indian religious figure has sparked a war of words.
RBA makes call on mortgage stress
Aussie mortgage holders are in theory the most exposed to interest rates rises in the world, yet there is little evidence of a mortgage cliff, the RBA said.
Alarm bells over ‘at-risk’ living standards
A leading business group has said declining Australian living standards and flatlining wages could be a reality with productivity at worryingly low levels.
ASX 200 rises to four week high
The ASX 200 rose slightly during Monday’s trading, pushed higher largely by Australia’s resource companies.
Calls for Musk-style Australian crackdown
Nearly one in five workers in Australia is now a government employee as the total wages bill skyrockets to $232 billion.
Simple hack to prepare for Christmas lunch
Cost-of-living threatens to blow out the cost of Christmas lunch for lots of Aussies, but one retailer reckons there’s an easy way to space out spending for the big day.
‘Lifeline’: Big move to protect cash
Cash will get new protections as digital payments continue to rise rapidly.
Bank confirms worst news for homeowners
One of Australia’s big four banks has made a bold prediction about the future of interest rates, and it’s even worse than expected.
Aussies worse off since 2022: report
A report into the cost-of-living crisis facing households says they are worse off now than two years ago, with pleas for Anthony Albanese to call an urgent meeting.
ASX bounces during Friday’s trading
The ASX 200 rose slightly during Friday’s trading, as the market had a benign broad based rally as Donald Trump announced more key appointments.
State’s bold move to boost housing
One state has come up with a plan to bypass council approval and cut red tape in order to deliver major housing projects.
Key thing Aussie students not taught
The current school system is falling short of teaching students basic financial literacy, adding to problems such as the current cost of living crisis.
Push for big change for all Aussie workers
A powerful union is pushing the federal government to legislate a huge workplace change that will affect every single Aussie worker.
State with highest unemployment rate again
One state has for the seventh consecutive month recorded the country’s highest unemployment rate, as the likelihood of a rate cut this year fades.
Class action filed against Coles, Woolies
Legal papers have officially been filed against Coles and Woolworths on behalf of consumers in relation to alleged dodgy sale prices.
ASX snaps three-day losing streak
The Australian market is up for the first time this week due to the information technology and financial sectors.
Grim prediction for struggling Aussies
Australians will get no respite from paying high prices for everyday items, the Reserve Bank has warned.
Proof it’s never been tougher to buy a home
Surging house prices in every Australian capital city show it’s the worst time in history to be trying to buy a home.
ASX closes in on record high
The Australian sharemarket traded strongly on Friday off the back of further rate cuts from the US central bank.
Horror sex issue exposes Aussies
One group of workers faces widespread sexual harassment across multiple industries in Australia, a horror survey suggests.
Coles backroom staff ordered back to office
Another major Australian corporation is ordering staff back into the office, in another sign the pandemic-era work from home norm is changing.
Dutton’s backflip on tax cuts for rich
Opposition Leader Peter Dutton has appeared to shy away from a previous claim about tax cuts for high-paid Aussies.
‘Absolute joke’: Aussie lake officially renamed
The Victorian government is under fire for renaming a lake after an Indian religious figure without consulting local residents.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
Aussies’ surprising cost of living outlook
Aussie consumers and businesses are seeing through the high cost of living as sentiment and spending improve, new reports show.
ASX slides on China update
The ASX has dipped for the second consecutive day, giving back part of last-week’s post gains following the US presidential election.
Chalmers’ $900m challenge to states
The new $900m fund will pitch state against state in an effort to boost Australia’s sagging productivity levels.
Renegade union rally hits big city
CFMEU workers have rallied in Sydney against administration, even as the embattled union warned its members not to attend the march.
Original URL: https://www.news.com.au/finance/economy/australian-economy