Trump tariffs keep ASX down again
Donald Trump’s tariffs are continuing to hit the Aussie sharemarket, with the value of coal companies falling, while investors look for a golden safe haven.
Australian Economy
‘Our own tariffs:’ Aussies vow ban on US goods
Australians have come out in droves promising to stop purchasing American products, however one economist urged shoppers to “think strategically”.
New fears as Trump man erupts at Australia
Donald Trump’s most senior trade adviser has delivered an on-air rant about Australia as fears grow of more tariffs.
Half cost of new house goes to tax, report
Huge chunks of the cost of building a new home are being eaten up by taxes and red tape, new analysis shows.
Aussie shares tumble on Trump bloodbath
US President Donald Trump has sparked a bloodbath in global stock markets and Aussie shares were not immune on Tuesday.
Trump remark sparks $49bn Aussie wipe-out
US President Donald Trump has refused to rule out a recession in the world’s largest economy and now Aussie shares are plummeting.
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.
Aussie giant’s big move to get rich in Africa
Australia’s biggest miner boasts operations in Australia, Chile and Canada, and now it’s making a new play for Africa.
‘Very forcefully’: Tariff push as deadline looms
Richard Marles says Australia is “advocating very forcefully” for a carve out from US tariffs set to kick in this week.
US casino giant makes last-ditch Star bid
A major US company has made a shock offer for troubled gaming giant Star Entertainment and it could transform the futures of three Aussie cities.
Fears over rogue remark amid tariff deadline
A state premier’s rogue remark about the US Vice President could play a role in deciding if Australia gets a tariff carve out, a senior opposition senator claims.
Inflation nightmare about to explode
The Australian economy is struggling – and there’s one glaring factor that proves things could be about to get a whole lot worse.
Three key things to do for Alfred compo
Insurance companies say there are three key things Aussies in the firing line of Tropical Cyclone Alfred need to do.
Household spending on this item soars
Aussie households are spending more on one thing, lifting consumer spending, new data has revealed.
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.
Job cuts hit major Aussie bank
Australia’s biggest bank is expected to cut more than 100 jobs from its technology division.
Cult beauty store’s ‘next-level’ vow
Cult online retailer Adore Beauty is opening its second-ever brick and mortar shop tomorrow, promising customers a ‘next-level’ experience.
Albo opens fire on ‘authoritarian’ Putin
Anthony Albanese has lashed Vladimir Putin in fiery remarks reaffirming Australia’s support for Ukraine.
Aussie shares slump on trade war fears
The Australian sharemarket booked a second consecutive day in the red on Wednesday as escalating global trade tensions continued to rattle investors.
‘Green shoots’: Aussie economy past ‘low point’
Australia’s economy is strengthening, with a key metric rising for the first time in nearly two years, fresh figures show.
‘It’s unbelievable’: Fury at Melb mega-city
They’ve been sold to homeowners as the ticket to the Great Australian Dream. But a closer look at Melbourne’s mega-cities exposes a frightening truth.
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.
Star fiasco worsens, 9000 jobs on the line
There’s been another grim update in the saga of embattled gaming giant Star Entertainment, and it means 9000 jobs are moving closer to the edge.
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.
Proof Aussie crisis is worse than you expect
The morbid reality facing Australians trying to get into the property market has been exposed by one $400k listing.
Huge change to controversial Aussie prison
A huge change is coming to one of Australia’s most controversial privately-run prisons.
Staggering ‘windfall’ for one Aussie group
A huge – and alarming – change is taking place in the Aussie economy right now. And one generation is behind it all.
Aussie shares slump on tariffs, Wall St woes
The local stock market tanked on Friday on the back of a Wall St bloodbath and a new Trump tariff threat that sent the big miners into a tailspin.
Major Centrelink changes coming for millions
Millions of Aussies will have more money in their pockets next month, with Centrelink support payments boosted to keep up with inflation.
Kochie’s warning as millions cop price hike
Money expert David Koch has issued a warning to millions of Aussies facing a price hike on their private health insurance.
‘Great day’: Virgin boss’ $3bn move
A major shake-up for international travellers and Virgin Australia has been greenlit by the Albanese government.
‘Doing nothing’: Trump screws Aussies
Australia was dealt a truly horrifying blow this week – and America’s response has told us everything we really need to know.
Australia’s $4.4tn plan to avoid Trump tariffs
A bevy of cashed up Australians worth trillions of dollars have headed to Washington DC with one aim in mind – to dazzle Donald Trump.
Eye-watering amount owed by Aussie retailer
A final nail has been driven into an Australian retail giant’s coffin, as those tasked with combing through the books tally a staggering amount of debt.
Bad news for back-to-back rate cuts
Mortgage holders hoping for back-to-back rate cuts have taken a hit after the latest inflation figures were released.
‘Critical’: Aussie city on brink of collapse
Businesses in the regional NSW city of Lismore are at a “make or break” point to stay open, three years after record-breaking floods gutted their livelihoods.
ASX falls on latest Trump tariff news
The ASX 200 fell on Tuesday as US President Donald Trump confirmed tariffs and major businesses missed the mark during reporting season.
‘Australia should scare you’: US warning
An American finance expert has roasted Australia’s economy as a “house of cards”, saying it “should scare” the rest of the world.
A day in the life of a squatter
First, they feast. Then, for the 50 residents of Lismore’s Pine Street – who’re living in abandoned homes rent-free – the daily agenda revolves around self-discovery.
ASX snaps five day losing streak
The ASX200 snapped a five day losing streak, but cracks are still appearing as more companies are missing the mark this reporting season.
Mortgage plea proves Australia’s cooked
Australians are weighing up taking on extra-long loan terms to reduce monthly repayments on their mortgages as cost pressures continue to bite.
‘Left behind’: Warning for Gen Z on WFH
The man leading America’s biggest bank has lashed out at Gen Z employees and work-from-home in a wild tirade. But where do Aussie banks stand?
‘Unfair’: What Aussies savers should do
Frustrated Aussie savers have been urged to get one up on banks who have left them in the dark by doing one thing.
Minister hits back at ‘not normal’ attendance
A key government minister popping up at mass citizenship ceremonies is “suspicious”, political opponents say.
Australia’s biggest super fund fined $27m
Australia’s biggest superannuation fund has been fined $27m for charging duplicate fees to tens of thousands of customers.
‘10 years: RBA boss’s timeline on cash use
RBA governor Michele Bullock says cash use is likely in “long-term decline”, acknowledging its withdrawal would hit “vulnerable” communities.
Japan makes $10 billion move on Australia
Things were not looking good for Australia’s biggest money spinner, but now there’s new severely cashed-up nation on the scene.
‘Bitter pill’: Grim reality for Aussie savers
It’s only going to get worse for Aussie savers already on their knees after the Reserve Bank’s decision to cut interest rates.
‘Unprecedented’: Australians cop huge blow
Almost everyone was celebrating when the RBA cut rates this week, but there was one ominous detail that shows how far we’ve fallen.
5 million Aussies set for cash boost
Pensioners, renters and students will receive a big income boost next month. Here’s what you need to know.
23,000 Aussies lost a job in January
The RBA will be closely following the unemployment level after the central bank cut rates for the first time in four years on Tuesday.
Big change to shopping habit revealed
The cost-of-living crunch has seen Australians shopping for cheaper items.
Act that hurt Keno owner’s bottom line
Less people are gambling on lotteries, and a move introduced on one of Australia’s most popular games has hurt one company’s bottom line.
When is the next RBA meeting on interest rates?
The Reserve Bank of Australia has switched things up, meaning eager homeowners will have to wait a little longer to find out if they will get another rate cut.
NAB posts $18m-a-day profit
Anti-crime measures and wage costs have eaten into one of Australia’s major bank’s $18m-a-day profit.
Man fined for ‘disrupting Rainbow Serpent’
A WA landowner has been found guilty of breaching Aboriginal heritage laws for disrupting a creek associated with the “Rainbow Serpent”.
ASX tumbles on big bank, Woodside woes
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
RBA boss’ two words to Aussies after rate cut
Under-the-pump Australian homeowners have received a rate cut, but Michele Bullock has delivered a stark two-word warning about the future.
‘Serious mistake’: Surprise scene outside RBA
Unions and interest groups ratcheted up the pressure on the Reserve Bank ahead of its decision to cut interest rates.
Thousands of dodgy job ads banned
A growing problem for Australians trying to find a job has been revealed, as the number of red flags continues to soar.
Worrying move from Aussie mining giant
Australia’s largest miner will pay shareholders their lowest interim dividend in eight years after a massive profit slump.
Green light for major airline shake-up
A huge shake-up to Australian air travel has cleared a major hurdle, as the competition watchdog says it will approve a deal between two key players.
PM’s big call after interest rate decision
The Reserve Bank’s big call on interest rates could set the scene for Anthony Albanese to make a big decision himself.
Big lie you will be told in coming days
Mark Bouris has come out swinging with some hard truths for the Australian public as the nation scrapes its way back from hell.
Cult beauty brand reveals huge plans
Cult online beauty retailer Adore Beauty is riding a lift in revenues as it begins rolling out a bold plan to open more than 25 brick-and-mortar stores across Australia.
Major bank’s huge move on rates
Competition among mortgage providers has spurred a big four bank to cut its variable interest rates ahead of tomorrow’s RBA decision on the cash rate.
Big bank posts eye-watering profit
A major Australian bank has posted a massive three-month profit as it expects one thing to rise in the coming months.
‘Nonsense’: Judge rips apart $400k claim
A sovereign citizen’s bid to get out of a mortgage after defaulting has been roasted as “objectively nonsense” by a fed-up judge.
Rate pain set to stay until November
Aussie mortgage holders might need to wait nine months to fully feel the impacts of a rate cut, should the Reserve Bank board decide to cut the cash rate on Tuesday.
Grim reality of super raid for homes
Peter Dutton’s major home ownership offer to Australian voters would actually drive up house prices and slash home ownership, an analysis shows.
Loophole costing Aussies at the checkout
Consumers are regularly paying more than they should to use their own money with a debit card, but current laws render the consumer watchdog useless to investigate.
Iconic fish market hits back at collapse claim
An iconic Aussie fish market has hit back at stark claims it could be falling into insolvency, stating bluntly it is ‘business as usual’.
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.
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.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/5