RBA’s Covid hangover drags on
The RBA’s latest annual report details a $4.2bn on-paper loss for the past financial year, taking its accounting losses since 2021 past $51bn.
Economics
Why this influential adviser is growing cautious about stocks
As bond yields soar after the US Federal Reserve cut interest rates despite a strong economy and the looming presidential election, Larry Jeddeloh has become cautious about stocks.
Reserve’s jobs strategy ‘poses inflation risk’
The Reserve Bank has risked placing too much emphasis on shielding jobs growth at the expense of reducing inflation, some economists have warned.
Less talk, more action, as the world leaves us behind
As we head to a federal election, our leaders need to stop talking about productivity and do something about it.
Why Bank of America’s boss thinks the inflation fight has been won
Bryan Moynihan says in an interview says the US economy can absorb two more modest interest rate cuts this year, but has a warning about debt.
Why RBA’s cut will take longer than you think
Even news that headline inflation is back within the 2-3 per cent target band won’t be enough for the RBA to cut rates.
States reject O’Neil’s overtures to scrap ‘bad tax’ stamp duties
Housing Minister Clare O’Neil’s push for state and territories to axe stamp duty have been rejected, with governments instead opting to tinker with the levy to create a de-facto first home buyers grant.
Job losses masked by care economy
More than 90,000 jobs have been shed in hospitality over the past year, but taxpayer-funded ‘care economy’ roles have masked the losses, driving a 375,000 jump in jobs being created.
Insolvencies: one area of the economy going gangbusters
Businesses are going bust at a faster rate than at any other time in the nation’s history, as the combination of rising costs and an economic slowdown push small firms over the edge.
ASX rises; WiseTech, MinRes tank on CEO drama
Local shares rally after Friday’s sell-off as US remains resilient. WiseTech dives as Board investigates allegations against CEO Richard White. Retailers down as Nick Scali drops on profit warning. MinRes shares hit as Board backs CEO Chris Ellison amid investigation over alleged tax evasion. Vulcan issues profit warning.
Why contrarian Kourtis has love for ‘hated’ stock
When he addresses the Sohn Australia conference, Ellerston Capital’s contrarian investor Chris Kourtis plans to surprise everyone with some love for one of the ‘most hated’ stocks.
Labour figures, payroll data, RBA comments to garner attention
The ASX is expected to have an unremarkable opening on Monday, although labour force and payroll data, and comments by the RBA deputy governor will be closely examined this week.
Treasurer lashes out at ‘job snobs’
Jim Chalmers has blasted Coalition criticism over the surging size of the public service and other taxpayer funded sectors, while also rejecting the Reserve Bank’s outlook that the economy is too strong.
How ‘dumb luck’ launched a $1 trillion opportunity
Stonepeak founder Mike Dorrell was in the right place at the right time. But the highly sought after fund manager is rewriting the rules on infrastructure.
The five uncertainties threatening to end sharemarkets’ run
Sharemarkets have been surging but conflicts in the Middle East and US political uncertainty are just two of the unknowns threatening to unravel the global rally.
Shares retreat from record as commodities weigh on bourse
Tightening supplies of raw materials may magnify a rise in prices if China’s stimulus measures manage to lift growth in the world’s No.2 economy and biggest consumer of most commodities.
Take care, PM: Jobs surge a risk to rate cuts
Anthony Albanese’s hopes of a pre-election rate cut risk being crushed as the economy added a bumper 64,100 jobs last month, driven by the soaring growth of taxpayer-funded roles including in the care economy.
Labor spending risks rate cut time frame: UBS Asset Management
Big spending in Queensland and Victoria by Labor governments risks pushing back interest rate cuts by the Reserve Bank, and could trigger widespread household pain, a UBS veteran says.
How Blackstone became an ‘AirTrunk believer’
The New York giant was dabbling with some sheds with ‘some power on the side’ but two lessons paved the way for its bumper acquisition.
RBA not complacent in inflation fight
The Reserve Bank is ‘constantly alert’ for signs that inflation expectations could become untethered, its chief economist Sarah Hunter says.
Original URL: https://www.theaustralian.com.au/business/economics/page/5