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.
Australian Economy
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.
Most trusted Aussie brands revealed
Despite using privacy-invading facial recognition cameras, a major retailer has held its spot as the No.1 most trusted Australian brand.
‘Not fair’: Gov wants to end $3 bank fee
The Albanese government has slammed a bank’s decision to charge customers a fee to withdraw money from their own accounts, claiming it “doesn’t seem fair”.
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.
‘97 times’: Albo’s reminder of broken promise
As the federal election looms, Peter Dutton has used a three-year anniversary to attack Anthony Albanese over a broken promise.
Surprising state tops list for business
Australia’s leading business body has just ranked the best and worst states and territories for commerce and a surprising state has come out on top.
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.
‘Knock it on the head’: Major tech crackdown
The tech giants that dominate our app use could face large new fines and bans on anti-competitive dominance.
Albanese explains why Aussies are poorer
The Prime Minister has explained why Australians are struggling so much in 2024, confirming a troubling statistic during a recent interview.
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.
Albo’s investment property blow
The Prime Minister has made a tough call on one of his investment properties.
Wild reason your home loan could be declined
Despite taking all the right steps, banks can still decline your home loan for a surprising reason, as one young Aussie learned the hard way.
‘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”.
‘Utter audacity’: TV host tears into minister
Energy Minister Chris Bowen has been slammed for claiming coal-fired power stations are “the biggest threat to reliability” after NSW faced blackout warnings.
Aussie shares hit fresh record high
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Aus billionaire shares dire economic forecast
An Aussie business billionaire has warned the country is heading into a “great big black hole” of debt.
Push to change rules for first homebuyers
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Push to change rules for first homebuyers
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
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.
‘Sold out’: Greens lashed on housing
The Greens have been accused of selling out in agreeing to back Labor’s Help To Buy bill, with the Liberal Party vowing to repeal the law if they win the election.
Why MP can’t afford a home on $220k salary
Greens housing spokesman Max Chandler-Mather has given an “honest” answer when asked why he does not own a home, despite his eye-watering salary.
Pleas to RBA to ignore Black Friday boom
Black Friday is tipped to be one of the best sales events on record, but a leading economist warns it is not a sign that household pressures are easing.
‘Right thing’: Fury over super tax
A fresh fight is looming between Labor and the Greens, this time over changes to tax on massive super balances.
Fake students openly admit rorting Australia
Indian students have brazenly admitted rorting Australia’s visa system through dodgy “ghost colleges” that leave them “free to work until they get residency”.
Disturbing stat about Aussie workers
Australian workers are falling for bogus phishing attacks at almost twice the global rate, concerning research shows.
Australia’s grim economic outlook revealed
Australia’s grim economic outlook has been revealed, with the federal budget tipped to have its sharpest retraction since covid.
Warning Australia could be loser under Trump
Australia could be on the verge of becoming a “loser” if a trade war was to break out between America and China following the election of Donald Trump.
Aus clothing empire collapses owing $250m
A huge Australian clothing conglomerate is in voluntary administration, owing nearly $250m.
Scam warning ahead of Black Friday sales
Australia Post says consumers need to be on guard for scams as Black Friday sales ramp up and criminals target unsuspecting victims.
Supermarket giant grilled on vacant land
One of Australia’s two supermarket giants has denied it is sitting on unused land in one capital city to stop any competitors opening up.
Real impact of Trump on Aussie economy
US President-elect Donald Trump has proposed to introduce hefty tariffs when he enters office – and experts have weighed in on what it could mean for Australia.
‘Worried’: Biggest threat to Coles, Woolies
The chief executive of a supermarket giant has admitted she is “worried” about a US company as more and more Aussies hunt for better prices.
Huge change to Aussie nest egg fund slammed
Jim Chalmers has defended the sweeping changes to help “modernise” Australia’s $230bn sovereign wealth fund to prioritise issues like housing and renewable energy.
Remote workers ‘less likely’ to be hired
As a generational divide over working from home continues, a major survey has revealed what businesses really think about workers who don’t want to work from the office.
Warning on Aus economy amid China crash
Treasurer Jim Chalmers has warned forecasted revenue “will be much smaller” due to China’s crashing property sector and its impact on iron ore prices.
Grim reality for Aussie businesses
Aussie businesses have been hit with a grim forecast for the year unless consumers change their spending habits.
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.
Senator’s big call after Trump win
Despite concerns tariffs mean higher prices at the checkout, an Australian senator wants our government to follow Trump’s economic lead.
China stimulus does little to lift ASX
The struggling Chinese economy has few rays of hope for Australian miners, as the big iron ore producers sink the ASX to a loss on Monday.
How Aussies can dodge Trump’s tariff threat
An expert in international relations has offered some blunt advice to Australian policymakers on how to avoid potentially damaging Trump tariffs.
Trump and Albanese are ‘perfect’ friends
Details of the first phone call between Prime Minister Anthony Albanese and future President Donald Trump have been revealed following the landmark US election.
Minister defends slashing student debt
The Federal Government has defended its new student loan discounts amid accusations of the policy being “elitist” and attempting to buy votes amid high inflation levels.
‘Record high’: Scary truth about Aussie jobs
Data has revealed the nation’s economy remains “uncomfortably reliant” one thing – and it could be setting us up for a major crash.
Big banks’ surprising mortgage call
Two of Australia’s big four banks say Aussies are finding a way to pay their mortgages despite cost-of-living pressures.
Trump to cost voters $2600
The cost of living is set to rise under the Trump administration if the newly elected President passes his tariffs plan on in full.
’Nowhere else’: Grim reality for Aussie farmers
Aussie farmers are up in arms about supermarket behemoths Coles and Woolies, but an ACCC hearing has heard they have nowhere else to go.
Blow for Aussies after US cuts rates
The US Federal Reserve approved its second consecutive interest rate cut on Thursday night, though experts have some disappointing news for Aussies.
Dark sign in one state’s housing stress
A key housing indicator suggests more and more Australians in one big state are falling into dire financial stress.
‘Trump trades’ impact on Australia
A second Donald Trump presidency has pushed US share market and bitcoin to new highs, but it has had a surprising impact on the Australian dollar and exports.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/6