Trump’s tariffs could stall rate cut
Uncertainty over US President Donald Trump’s current tariff policies could push back the RBA’s plans to cut rates in February, economists warn.
Australian Economy
Blunt warning over funding for schools
Educators have issued a desperate plea after a new report revealed the growing disparity between the funding for private and public schools.
ASX soars on big bank’s mega earnings
The Australian sharemarket closed at a record high on Wednesday off the back of strong share price growth from the major banks.
$95k homebuyer boost announced for Aus
Carrying a big student debt and can’t get a mortgage? See how much more you could borrow under new changes.
Second major bank cuts interest rates
Another of Australia’s big four banks has cut interest rates for one group of borrowers, ahead of the RBA’s highly anticipated February meeting.
‘Crushing’: Trump adviser unleashes on Aus
Donald Trump’s top trade adviser has unleashed on Australia, dealing a blow Anthony Albanese’s hopes of a tariff carve out.
CBA announces eye-watering profits
CBA has announced an eye-watering half-yearly profit despite citing cost-of-living concerns for customers.
‘Highest priority’: Billionaire’s pledge to Whyalla
A major Australian steel producer’s international tycoon owner says his company is making “tangible financial headway with our creditors”.
Surprising group targeted by scammers
One demographic has emerged as the most popular target for scammers – and it’s not who you would think.
Proof the Aussie dream isn’t dead
Fresh government data has shined new hope on the great Australian dream, proving you can still buy a home in a popular city for under $1m.
‘Double it’: News we didn’t want to hear
An alarming change is now just months away – and it could have a devastating impact on the already fragile Australian economy.
‘Australia broke its word’: Trump bombshell
An ominous new detail on Australia has emerged in the executive order signed by Donald Trump today.
Twist in Australia’s Trump tariff saga
A proclamation signed by Donald Trump has revealed a surprise issue, hours after the PM asked the President for an exemption on steel and aluminium exports.
ASX flat on latest tariff news
A major fall in the healthcare sector dragged the ASX 200 down as the market factored in the latest update in US President Donald Trump’s tariffs.
200k Aussies rail against cashless society
A petition to save cash through guaranteeing access to the tender and relevant banking services has surpassed 200,000 signatures.
Seven West Media’s huge profit slump
An Australian media giant has posted a huge slump in profit but says it is making “solid progress” under a new operating structure.
‘Stand up’: Turnbull’s Trump advice to PM
Malcolm Turnbull says Australia should not expect the US to not impose tariffs just because of the “special relationship” between the countries.
‘Stupid’: CEOs ’monumentally out of touch’
A union boss has come out swinging following reports some of Australia’s richest people want to cut penalty rates.
‘Failing’: Huge group of Aussies left behind
Two-thirds of a massive Australian cohort are living in poverty, going without enough food or medicine to keep a roof over their head.
Aussie bank delivers huge card makeover
An Aussie bank has just dropped a huge update to its debit cards.
How Aussies missed out on $5.1bn
The wait for long-flagged superannuation changes have cost Australian workers billions of dollars.
‘Smashed it’: JB Hi-Fi’s $5.7bn boom
Figures from one of Australia’s major retailers show shoppers have found room in their budgets despite cost-of-living pressures.
Building company collapses owing millions
Another Aussie builder has gone bust, leaving home buyers in the lurch and creditors owed millions.
Incredible call on looming rate cut
The money markets are rapidly backing the idea that the Reserve Bank will cut interest rates when they meet in a weeks’ time.
Blow to Aus as new bird flu outbreak found
Just days after Australia declared it had eradicated a highly contagious strain of bird flu, an outbreak has been detected in Victoria.
‘Major issue’: 10,000 Australian jobs at risk
The man behind a booming mining company in Indonesia has issued a stark warning about 10,000 Aussie jobs.
Trump makes huge call on big Aussie deal
President Donald Trump has revealed where he stands on a major partnership with Australia after the Albanese government delivered a $798m payment.
Aussies’ insane credit card spend revealed
Some Australians are facing huge debts following a record credit card spend over the Christmas period.
Buy Now Pay Later to face harsh regulations
New legislation is holding Buy Now Pay Later providers to Australian credit licence standards in an attempt to protect consumers.
Deadline for Brissy Olympics revealed
The man leading the Australian Olympic Committee has just issued a stark new deadline for the Brisbane Olympics.
Coles slammed over mass product cull
Nationals leader David Littleproud has hit out at Coles after the supermarket giant flagged a cull in its product range, claiming prices at the checkout would rise.
Reason Aussies shying away from retailer
International retailers Temu and Shein have risen rapidly in Australia, but that could be short lived. Here’s why.
Major bank flags big risk in rate cut
Australia’s biggest bank says there may be some brief relief for those priced out of owning a home, but there could be a brutal side effect to cutting rates.
ASX 200 hammered on Trump tariffs
Nearly $50bn was wiped off the Australian sharemarket on Monday as fears of a trade war led by US President Donald Trump tariffs ripped through the local market.
Grim truth about Aussie rate cut
Mortgage holders need more than one rate cut to start feeling relief, with only about 53,000 Aussies likely to move away from “at risk” should the RBA cut rates in February.
’Sack them all’: Push to ‘abolish’ 537 councils
Ratepayers are paying the price for bloated council salaries and mismanaged projects, sparking renewed calls to simply “sack them all”.
Proof of how far off target Australia is
Australia remains behind its ambitious target of 1.2 million new homes by 2029 despite a bounce in new housing approvals in December.
Major turnaround in Aussie habit
Aussies have returned to the stores on the back of cost-of-living relief, lifting consumer spending for the first time in nearly two years.
Why flights to LA to become a lot cheaper
A giant American airline will become the third player on a key Australia to US route later this year.
Telling clue Aussie economy is doomed
A staggering new trend has emerged since the Albanese government came into power – and it could have a big impact on the economy.
Last of big four banks updates rate cut tip
All four of the big banks now agree on when the Reserve Bank board will cut interest rates following welcome inflation data this week.
Bank bucks trend with bold move
As the major banks close more regional branches, one of the big four is taking a different approach for face-to-face dealings on Saturdays.
Aussie sharemarket closes on 100 day high
The Aussie sharemarket has closed on a 100 day high, led by consumer discretionary stocks as investors factor in rate cuts.
Figures hide Aussie families’ pain
Australians are still feeling the pinch of cost-of-living rises even though the rate of inflation is slowing.
How young Aussies can get $1321 boost
Applications are now open for young Aussies to get a tax-free $1321 cash boost, but there’s a catch.
‘It’s on’: Major bank expects Feb rate cut
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
Aussie workers who fear AI the most
The Australian workers most concerned about artificial intelligence have been revealed in a new global survey.
Aussie economy’s major breakthrough
Australia’s economy might be hitting a turning point on the back of better household spending – but economists are warning more work needs to be done.
Major change to credit cards an Aussie first
An Australian bank has been the first mover Down Under to catch up with a key anti-scam development being used around the world.
Bankers’ warning to scam victims
The Australian banking lobby chief has revealed some customers are ignoring warnings about scammers, at an inquiry into new laws to help victims.
Rate cut in February hangs on this figure
Struggling borrowers could finally get a rate cut in February, with inflation tipped to fall faster than the Reserve Bank has been expecting.
Hopeful sign for struggling businesses
Businesses are reporting overall better conditions at the end of 2024, with retailers benefiting from a big holiday spending boost.
Chalmers urges ‘confidence’ ahead of CPI drop
The Treasurer has urged “confidence, not complacency” ahead of Wednesday’s new inflation data, which could lead the RBA into its first rate cut since 2020.
Warning over mass Aussie skill shortage
Alarm bells have been raised over fears Australia will face a mass skill shortage across key industries, unless slipping education standards are halted.
‘Done all we can:’ Albo’s big call on rates
The Prime Minister says his government has “done all it can” to tame inflation to allow the RBA to cut rates and deliver households much needed relief.
Chip shop pic shows why Australia is a joke
A photo snapped inside a local fish and chip shop has perfectly encapsulated the “failure” of Australia’s economy.
Australia’s top performing state revealed
Two mining powerhouses are officially Australia’s best performing state economies, with one topping the list for the second time since 2014.
Aussie red meat booms to record high
Aussie farmers have plenty to celebrate this Australia Day, with fresh figures revealing a stunning boom in red meat exports.
‘Chill out’: PM’s Oz Day swipe against Dutton
Anthony Albanese has used his first major speech of the election year to take a swipe at Peter Dutton on a number of topics, including Australia Day.
Hundreds of thousands of chickens put down
A devastating strain of avian flu has seen hundreds of thousands of chickens put down.
Huge number of Aussies needing a rate cut
A huge number of Aussie households have said they are desperately needing a rate cut when the Reserve Bank next meets.
Mining state sinks into budget black hole
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
Truth about Aussie shoppers revealed
Record deliveries from Australia Post in the past two months have revealed some essential truths about the average Aussie shopper and what they want.
‘Focused’: Chalmers’ rebuke after new poll
Jim Chalmers has pushed back against polling that suggests Australians hold bleak expectations for 2025, saying the Albanese is focused on cost of living.
Faltering dollar ‘unlikely’ to sway RBA
Australia’s weak dollar could see inflation tick up slightly, but it is unlikely to move the RBA on its next rate cut decision, a leading economist says.
Premier dangles lifeline for casino
While one state slams the door shut on helping cash-strapped casino business Star, another Premier is walking a noncommittal tightrope.
75yo’s savings advice leaves Gen Zers gasping
A man has revealed how much he has in savings and then divided with his wild cost of living take.
Aussie economy tipped to improve in 2025
The Australian economy is expected to experience brighter days ahead off the back of expected interest rate cuts, but there is a massive catch for workers.
Surprise find after $550 pay out to workers
Australians are more likely to take time off work with higher government payments, new research shows.
State’s push for fuel price cap
One Aussie state is pushing for a major shakeup to pricing at the bowser – including 24-hour caps on fuel prices and mandatory reporting from retailers.
’Grave concerns’: Australia’s hidden shame
Products that the US deem inhumane – because they are coming from forced labour camps in China – are entering Australia.
Huge problem facing fast-food giant
Experts say the US brand will be facing an uphill battle as it tries to crack the Australian fast-food market.
Radical plan to get Aussie retirees spending
Australian retirees are saving too much of their retirement nest egg, with calls for major reforms to the superannuation sector.
Dutton backs huge lunch tax break
There’s no such thing as a free lunch, but Aussies could soon enjoy tax deductible ones in an elected Coalition government.
‘Lost decade’: Diabolical 2025 warning for Aus
Cash-strapped Aussies holding out hope for some cost-of-living relief this year are set to be disappointed.
Why Young Aussies are fleeing country
Fed-up by the high cost of living and soaring house prices, working-aged Australians are increasingly looking for cheaper alternatives.
Fears rate cut could be delayed
Australia’s unemployment rate rose slightly in December but still remains under the RBA’s forecasted figure, putting in doubt a rate cut for the first time in 17 months.
Gerry Harvey’s big call on Temu
One of Australia’s high profile retail billionaires has called for a “government inquiry” into discount Chinese online retailers Shein and Temu.
Big bank’s call on rate cut
One of Australia’s big four banks has renewed its prediction for when the Reserve Bank will cut the cash rate, as spending dropped after the Black Friday sales.
Insane cost just to send your kid to school
The cost of living crisis is extending to schools, with households making a number of sacrifices to send the kids back to school.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/3