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.
Federal Budget
‘Responsible’: Chalmers’ big budget hint
While the Treasurer urged “caution and conservatism” over a possible surprise surplus, he has left the door open for further cost-of-living measures.
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.
‘Back on track’: Dutton’s new ad pledge
Opposition Leader Peter Dutton has attempted to show off a softer side to his political personality by debuting a new ad where he promises to get Australia “back on track”.
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.
Fresh hope for Aussies smashed by rates
Australia’s all-important trimmed mean inflation rate continues to fall, renewing hope for an early rate cut, the national figures show.
Eye-watering cost of Christmas revealed
A staggering number of Aussies will be paying off their credit card debts for at least six months after relying on their credit cards to get through the holiday season.
Why Australia invests in ramen, comic books
From ramen noodles to online gambling, Australia’s $225bn Future Fund has some pretty wild investments on its books. Here are our top 10 wildest bets.
Ray of hope emerges for Aussie economy
A new outlook has forecast the Australian economy is on a “narrow path to a soft landing” and is tipped to improve next year – but there’s a major catch.
Budget blowout funded by bracket creep
The budget’s bottom line is forecast to blow out by more than $20bn, funded largely by bracket creep in the coming years, economist warn.
Chalmers skirts key budget deficit question
Jim Chalmers declined to directly answer whether a total of forecasted $122.1bn in deficits will increase in the mid-year budget update set to be released on Wednesday.
$1.8 billion budget blow tipped
Australian treasurer Jim Chalmers says the budget will likely be blown out by billions in part due to funding this project.
How ‘rumour’ led to teen’s horrific act
A court has been told how a “ridiculous rumour” about an unfounded $10,000 hit on a woman led to a teenager taking part in a man’s murder and arson of his home.
RBA’s major Trump call after tariff spree
The Reserve Bank has made a major call on the potential impact of Donald Trump’s second presidency on the Australian economy.
Aussie shares slump on bank, tech rout
A sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
Chart reveals why Australia is screwed
Australians are getting poorer and a leading economist has produced a simple chart that shows why.
Treasurer’s bombshell election claim
The Federal Treasurer has conceded there is a “possibility” Labor will be booted at the next election while tempering expectations of “big spending” in the mid-year budget update.
‘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.
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.
Push for $26 a day boost for Aussies
The Australian Council of Social Services has urged the government to lift the Jobseeker rate in line with the aged pension.
‘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.
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.
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.
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.
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.
’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.
Go ahead for $8.8bn Chemist Warehouse deal
Australia’s competition watchdog has made a huge decision on a proposed change to Chemist Warehouse that will affect millions of Aussie pharmacy customers.
‘Challenging’: Big bank’s warning to Aussies
One of Australia’s biggest banks has warned of a “challenging” time for customers as it releases its full-year results.
Aussie shares surge on looming Trump shock
Aussie shares rallied on Wednesday as the US vote count rolled in showing former President Donald Trump on a clear pathway to victory.
ASX falls as US election nerves take over
The Australian sharemarket slipped on Tuesday ahead of Wednesday’s seismic US Presidential election.
Election date clue in Albo’s big announcement
Australians may be closer to knowing when they are heading to the polls next year, after the Prime Minister appeared to drop a clue in a key policy call.
Albo’s $16bn cash boost vow for one group
One group of Australians could be $16 billion better off, as the Prime Minister gears up for the next federal election.
‘No free for all’: Jim’s message to Aussies
Treasurer Jim Chalmers says inflation has halved since Labor took office but more work needs to be done but Aussies doing it tough shouldn’t expect a cash splash.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
Aussie budget takes out bronze medal
Australia’s budget surplus is one of the best in the world, but it’s not all good news for the economy.
Dutton accused of housing plan copycat
Peter Dutton is facing allegations of being a copycat after unveiling a multi-billion dollar housing plan.
How to solve Australia’s housing crisis
A leading business group says one thing needs to happen to solve Australia’s housing hell and you only have to look at one of our nearest neighbours for inspiration.
Sign we’re underestimating young Aussies
Gen Z is sometimes written off as a “live-for-the-day” generation, but a surprising new trend shows they’re a lot more savvy.
Aussie shares rise on Wall St rebound
Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
Aussie shares sink on China stimulus gloom
The Australian sharemarket fell on Tuesday following muted stimulus measures from China and a sharp pullback on Wall St.
Sign business spirits have lifted
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
Aussie shares fall on mining, Wall St wobble
The Australian sharemarket fell on Friday as the big miners wobbled and uncertainty courses through Wall Street.
Aussie shares flat with all eyes on Israel
The sharemarket inched higher on Thursday as investors braced for Israel’s response to Iranian missile and terror attacks and the release of crucial US jobs data.
Big call on rate hikes amid inflation fight
A leading financial authority has backed the RBA’s approach to interest rates, but warned further increases would be warranted in the fight against inflation.
Aussie finance sector’s big AI move
An industry-first agreement will look to protect one Australian fund’s workers in the age of ChatGPT with a new “gold standard”.
Surprising retirement reality for Gen Z Aussies
Millennials and Gen Z Aussies might be locked out of housing, but in one area of economic life they are in prime position.
Aussie shares slip as Middle East mushrooms
The Australian sharemarket slipped on Wednesday as investors braced for a broader war in the Middle East.
Aussie shares retreat on mining pullback
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
Aussie shares hit new high on iron ore boom
The Australian sharemarket notched a fresh record high on Monday on the back of a mammoth rally in iron ore prices.
Chalmers’ relief after China’s big move
Treasurer Jim Chalmers says a major move by China could be a game changer for a key sector of Australia’s economy.
No new help for households after big surplus
The Albanese government is celebrating its budget surplus, but it’s still unclear when household budgets will get some reprieve.
‘Back-to-back’: Jim’s big budget brag
Labor is set to reveal a budget first since the 2007-08, confirming a back-to-back budget surplus that exceeded May forecasts by $6.5bn.
Aussie shares snap three-day losing streak
The Australian sharemarket snapped a three-day losing streak on Thursday in a frothy rebound propelled by consumer stocks.
Green shoots ahead for Aussie economy: OECD
The OECD says the world economy is “turning a corner” on inflation and offers a bullish read on Australia’s outlook for 2025.
Aussie shares dip lower on big bank fall
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
RBA’s grim warning on rates, inflation
The Reserve Bank is sticking to its guns not to cut the official cash rate while inflation remains too high, despite growing pressure to do so.
Aussie shares dip on hawkish Bullock
The sharemarket dipped lower on Tuesday as the RBA delivered some hawkish rhetoric on interest rates, even as the miners boomed on fresh Chinese support.
Aussie shares pull back from record high
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
New work trend taking off in Australia
More and more Australians are taking on multiple jobs to keep their heads above the water, but the issue runs deeper than just cost of living.
The impossible question in Aussie health
A groundbreaking study has delved into the question of whether Australia’s healthcare funding system is working to its full potential.
‘Confident’: Albo’s big claim after Biden chat
Prime Minister Anthony Albanese has made a strong statement about the future of a multi-billion dollar investment after meeting with US President Joe Biden.
Aussies react to massive interest rate cut
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
‘Jumbo’ Fed cut boosts Aussie shares
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
Aussie shares flat before pivotal Fed moment
The local sharemarket traded flat on Wednesday as investors moved cautiously before Thursday morning’s pivotal Fed rate cut decision and the release of key jobs data.
Aussie shares hit fresh record on Fed fever
The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.
New record high for Aussie shares
Growing jubilance around this week’s interest rate cut in the world’s largest economy propelled Aussie shares to a record high.
‘Ignored’: Grim warning on rate hike crisis
Aussie homeowners have been smashed with interest rate pain for years now and a leading economist warns the stress isn’t going to end anytime soon.
‘Deserved’: PM’s $5.6bn reform for key group
The Albanese government will introduce a $5.6bn package to help elderly Australians in the aged care sector after finally reaching a deal with the Coalition.
Aussie shares lift on energy, Wall St bump
The Australian sharemarket lifted on Tuesday on the back of a rally in energy stocks and some relief from a rattled Wall St.
Aussie crisis drives job loss fears
Aussies and business are growing increasingly fearful of a stagnating economy, with new concerns about potential job losses.
‘Backwards’: Fight over slow economy heats up
The Finance Minister has dismissed the opposition’s attack on the government’s handling of the economy after fresh GDP showed anaemic growth.
Aussie shares jump on Fed cut fever
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
’Betrayal’: Disability anger at NDIS overhaul
Members of the disability community have reacted angrily to the passing of NDIS reforms to rein in spending blowouts, after an emotional debate.
Aussie shares extend ripping winning streak
The Australian sharemarket advanced for a 10th consecutive session on Thursday, marking the longest rally in stocks since 2015.
Why $100,000 a year isn’t enough anymore
Making $100,000 a year used to be a kind of salary holy grail for a lot of Aussies, but the country’s cost-of-living crisis has changed that completely.
Dire warning for ‘stagnant’ Aussie jobs
The Australian economy is growing at its slowest rate since a sharp recession in the early 1990s and it’s particularly bad news for white-collar workers.
Mining giant looks at Indonesia after collapse
Australia’s biggest mining company is reportedly looking at Indonesia’s nickel industry following the shut down of its vast nickel operations in Australia.
‘Aligned’: Chalmers fends off rift with RBA
Treasurer Jim Chalmers says the Albanese government and the Reserve Bank are aligned in the fight against inflation.
Original URL: https://www.news.com.au/finance/economy/federal-budget