Breaking News

Business Breaking News

ASX tumbles as AI bubble fears hit market

Mining heavyweights BHP and Rio Tinto have led a market slump on Monday led by falling copper and iron ore prices.

Interest Rates

‘Difficult’: Grim warning to homeowners

The Reserve Bank has issued a stark warning about interest rates, as rising inflation and strong spending threaten mortgage relief.

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Business Breaking News

Why Aussies will face huge bill hike

Millions of Aussie households are set to face a bill shock as a key cost-of-living relief is discontinued. Here’s what it means for you.

Business Breaking News

Gold rush, banks drive ASX higher

Gold prices and banking stocks have propelled the Australian sharemarket to surge 105 points, delivering its strongest weekly winning streak since August.

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Interest Rates

Big bank’s brutal blow to homeowners

One of the big four banks has hiked its fixed home loan rates after the Reserve Bank of Australia indicated a cash rate increase may be coming in the New Year.

Business Breaking News

Grim economic warning from bank boss

National Australia Bank’s top boss has sounded the alarm on a major issue which will impact Australian living standards.

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Business

Stocks trim gains as Oracle’s results damp US rate cut rally

An overwhelming majority of Westpac investors have voted down a climate resolution as protesters pushed for change. November jobs data muddies the waters for the RBA, but inflation concerns may take precedence.

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BREAKINGBusiness Breaking News

21k Aussies leave workforce before Christmas

Thousands of Australians have left the workforce in the month before Christmas, as the country’s official unemployment rate is revealed.

Companies

Top Aussie retailers fined in ASIC crackdown

Big-name Australian retailers are among the 12 businesses that have been fined a collective $2.2m in a major ASIC crackdown.

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Business Breaking News

ASX cautiously waiting on US rate call

The Aussie sharemarket dipped for the third consecutive day on Wednesday, as the world waits to see if the US Federal Reserve decides to cut interest rates.

EXCLUSIVEBusiness Breaking News

Gen Z’s risky approach to money revealed

Younger Australians are turning to an unlikely source for financial advice – one which could be creating dangerous pressures and unrealistic expectations.

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UPDATEDInterest Rates

RBA boss’s bombshell on future rate hikes

The Reserve Bank has kept the cash rate on hold after its final meeting for the year, but borrowers remain on edge for what is to come in 2026.

Business Breaking News

Inflation fears crush Aussies’ confidence

Consumer confidence has plunged to two-year lows as Australians grow pessimistic about their finances amid rising inflation and fading hopes for interest rate cuts.

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Interest Rates

‘Long time’: Grim cost of living warning

A brutal forecast has spelled out more financial pain for the country, with a decade-long wait for Aussie workers’ wages to return to their pre-Covid value.

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Original URL: https://www.thechronicle.com.au/business/breaking-news