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.
Federal Budget
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.
Original URL: https://www.news.com.au/finance/economy/federal-budget/page/4