Just like 2019: markets ignore the warning signs
With everything pointing to a looming economic slowdown, why are cyclical stocks still so expensive?
Economics
Weak conditions to dampen $80bn dividend deluge
Energy sector weakness and low consumer confidence are expected to lead to a fall in dividend payments this financial year, according to CommSec.
How Miller will make Westpac a business force again
A former Goldman Sachs banker wants to pull Westpac out of its self-imposed wilderness. Is the banking major ready for change?
Attacks on RBA independence a disappointing diversion: BlackRock
Criticism of the RBA from the federal government is a diversion hiding the fact Canberra’s record spending is playing a big part in keeping inflation high, says investment giant BlackRock.
Jobs boom … courtesy of the taxpayer, Chalmers signals more spending
Nearly two-thirds of the jobs created under the Albanese government are being funded by the taxpayer, with Jim Chalmers paving the way for more money for aged care, childcare, higher education and health ahead of the election.
Top HSBC executive on Westpac’s CEO succession radar
This international banking executive is certain to feature on the target list of Westpac’s board and the headhunting firm spearheading a search for its next CEO.
Attacks on RBA undermine the nation’s standing
While it is great theatre, there is a chance the public criticism could grow into something quite serious that does long-term damage to the economy.
Spending ‘flat’ as consumers squeezed: Westpac boss
Warning lights are flashing on consumer spending, with Westpac chief executive Peter King cautioning things are unlikely to get any better until a rate cut.
Forget the RBA, Chalmers needs to push the productivity button
Two inquiries hint the government may be working towards a revamped national competition policy. The missing element is political will and Treasurer Chalmers is better at talk than action.
Reporting season’s mixed bag of sweet and sour
It started with a bang and ended with a whimper. Roger Montgomery breaks down reporting season sector by sector and highlights some uncomfortable truths.
AirTrunk is classic Blackstone: Go big, go for scale
Three years ago Wall Street giant Blackstone had next to no funds in data centres but today it has more than $186bn. Here’s why.
Hong Kong a gateway to China for Australian firms
Hong Kong’s financial secretary, Paul Chan, has urged Australian companies doing business in China to consider listing on the Hong Kong Stock Exchange.
Australian consumers may be down, but not out
Weak consumer spending accounted for much of why the commodity-rich economy grew at its slowest pace in more than 30 years.
Trump to blow out budget deficit if elected
Donald Trump will increase the US budget deficit and wind back Joe Biden’s climate change policies if he is elected president, his former adviser Anthony Scaramucci has warned.
Attention, Treasurer! Bullock reads riot act on high inflation
RBA governor Michele Bullock has kept rate hikes on the agenda, despite Jim Chalmers’ claim that they were ’smashing the economy’, saying a failure to get on top of inflation would plunge the nation into recession.
Consumer division clouds economic outlook
The emergence of two types of Australian consumers threatens the ability of businesses to predict the outlook for inflation, interest rates and retail demand, says S&P Global.
Howard Marks’ rule for markets: Invest long, fail smart
It might sound counterintuitive to many but the Oaktree co-founder’s motto in a rising market is ‘don’t just do something – sit there’.
‘Ignore the past’: How Howard Marks would size up Nvidia
For billionaire investor and Oaktree Capital co-founder there’s little point in calling out whether the sharemarket is in bubble territory.
Brace for a hard landing: Australian Retirement Trust
Recession is still a possibility, due to slowing economic growth and rising unemployment limiting the chance of a soft economic landing, says Australian Retirement Trust’s Ian Patrick.
CBA executive backs RBA on rate hikes
The business banking boss said small businesses are bearing the brunt of the cost-of-living crisis crunch and higher interest rates.
Original URL: https://www.theaustralian.com.au/business/economics/page/26