ASX 200 flat; energy stocks strongest
Appen in $50m cap raise. US inflation stickier than expected, jobless claims jump. Oil, gold prices push higher. Richard White keeps selling down WiseTech stock amid court stoush. Macquarie downgrades Woodside.
Economics
Small business feeling the pain as cash runs out
A growing number of Australian small businesses are facing a cash crunch, with private credit player Banjo Loans reporting a surge in rejections for finance amid soft consumer spending.
For Chalmers, supermarkets make better politics than policy
It’s pure politics for the Treasurer calling out supermarkets as needing any special treatment over other more concentrated sectors.
Guzman discovers the problem of being popular
The spicy fast-food player has so much growth loaded into its shares Guzman is now more expensive than Nvidia. That puts it in a growth trap.
Productivity should be the priority, not rate cuts
The level of interest rates is a symptom of – not a solution to – the problem. All roads lead to productivity.
Firms looking to chop costs with wage cuts, lay-offs
Some 20,000 financial services and telecommunications roles have been shifted overseas as local contractors are given the flick and employers begin to cut costs.
What a Harris or Trump victory means for Australia
An analysis paper by AMP chief economist Shane Oliver released on Wednesday says that the US election has ‘significant potential to impact markets’.
Savers will pay the price once RBA cuts rates, says Morgan Stanley
Major lenders will cut their rates on savings accounts to prop up their margins once the Reserve Bank begins to cut interest rates, Morgan Stanley predicts.
RBA’s Covid funding program cost $9bn
The RBA’s Term Funding Facility came at a cost of $9bn to the central bank and it has learnt valuable lessons that could help to shape any future program, according to an internal review.
Rocky road for rates as dodgy data is revised
Strong US employment data means there will be no aggressive US rate-cutting cycle in the near term after a year marked by extreme data fluctuations.
Aussies no longer fear rate rises, sentiment index shows
Consumer sentiment has lifted to the highest level since 2022 showing Australians no longer fear the prospect of the RBA delivering an unwanted interest rate increase.
Chalmers to boost watchdog’s merger powers
An overhaul of the ACCC’s merger powers, including the ability to block deals without having to go to court, will move a step closer on Wednesday.
Don’t listen to scaremongers, Atlas Carbon tells Aussie farmers
Investing in carbon sequestration projects is an expensive business for farmers and some are being scared off by misinformation, an industry expert says.
Why global money is rethinking ‘anything but China’ trade
Big investors are preparing to play in China again, but the wild swings are not for the faint hearted.
Reserve Bank inches closer to cutting interest rates
The Reserve Bank has opened the door to potential interest rate cuts by the year’s end if the economy worsens yet has warned of upside risks to inflation that could trigger rate rises.
RBA out to defeat inflation ‘poison’
High inflation is ‘harming your family and harming your business’, RBA deputy governor Andrew Hauser has warned.
Financial stress at ‘alarming levels’: AMP
Two thirds of Australians are enduring extreme levels of financial stress, analysis carried out by AMP has found, with those nearing retirement the most worried.
100,000 overshoot in ALP migration target
With arrivals outstripping expectations and departures less than anticipated, economists and immigrations experts say Labor will oversee a net migration intake as high as 495,000.
The powerful message behind Rio CEO’s big lithium bet
With all the focus on copper, the global miner is pivoting towards a metal which few of its rivals are taking seriously. This is why.
Japan looks past ‘risks’ for investment push
Japanese investors are looking at Australia’s economic story of growth and stability as an opportunity, and in recent years inbound investments have surged.
Original URL: https://www.theaustralian.com.au/business/economics/page/7