Surprising things Aussies buying in cost crisis
With Australians facing a cost of living squeeze, households devoted more of their budgets towards the essentials.
Breaking News
Secret to improving lives of Aussies revealed
Australia’s 2.6 million small and medium businesses could be key to unlocking the next wave of productivity growth.
Top cop’s son hit with driving ban
The son of one of Australia’s top cops has been fined and banned from driving for six months after riding his motorcycle more than 60km above the speed limit.
ASX hit by faltering US rate cut hopes
Taking its lead from Wall Street, the local benchmark slipped as rate cut expectations continued to unwind.
Hidden $134k bonus in rate cuts
A pivot from the Reserve Bank could mean hopeful homeowners could have their borrowing power surge by thousands.
ASX edges lower after reaching record
After resetting its intraday record, the benchmark edged lower as traders grew skittish.
Key detail in RBA rate call revealed
For the first time since it started its aggressive run of rate hikes, the RBA did not consider the option, minutes from its latest meeting have revealed.
New hit as price hike kicks in
The millions of Australians paying for one essential service have been dealt a fresh blow, with the largest price hike in five years kicking in today.
Miners push sharemarket to new record
Following a rebound in commodity prices, the local benchmark advanced to hit an all-time high on Thursday.
Retail spending benefits from Swift lift
With 600,000 concertgoers flocking to seven sold-out Taylor Swift shows in Sydney and Melbourne, statisticians noted an impact in spending on fashion and cafes.
Armaguard rebuffs $26m cash lifeline
While the cash transit business previously claimed it was teetering on the brink, a $26m funding lifeline has been rejected.
Alarming details in Aussies’ grocery habits
An inquiry into the supermarket sector has revealed some Aussies are skipping meals or sacrificing meals to feed their children.
Shares advance on steady inflation read
Shares clawed back losses from Tuesday’s session to come within less than 35 points of the benchmark’s all time high.
Telstra boss apologises for triple-0 outage
A ‘technical fault’, a ‘communication error’ and errant backup processes have been blamed for the outage.
Hope for rate cut as inflation holds steady
The softer-than-expected reading is a further sign the Reserve Bank could move to ease interest rates later this year.
Hope for rate cut as inflation holds steady
The softer-than-expected reading is a further sign the Reserve Bank could move to ease interest rates later this year.
ASX slips ahead of inflation print
Ahead of key inflation data at home and abroad, Australia’s share market slipped on Tuesday as investors took profits.
Big win for Melbourne’s Crown casino
Victoria’s gambling watchdog has delivered its ruling on whether Crown Casino Melbourne can keep its gaming licence.
Inside state’s wild new resort plan
Another Australian capital city is poised to offer surfers rolling artificial waves, with a council considering a multi-million dollar development application.
Bitter fight looms over Aussie wages
The pay packets of 2.8 million Australian workers have become the latest battle between business and unions.
Fresh push for cut to real wages
A key business group has claimed the generosity of previous wage hikes and cost pressures on small businesses mean some workers should have to stomach a real wages cut.
One in four Aussie flights running late
If you think your flight is always delayed, you’re not wrong. New figures reveal just what Australian domestic travellers are putting up with.
New look Soul Patts has Perpetual right where it wants
A subtle move by Soul Patts boss Todd Barlow speaks volumes about his intentions for the under-pressure wealth manager.
Judge ‘troubled’ after horror crash
A judge has raised a serious question in the case of a mother who killed her best friend in a horrific car crash.
‘Steep decline’: Warning over gas shortfall
Australia’s energy market operator has sounded the alarm over a long-term forecast, warning that one industry is in “steep decline”.
‘Positive signs’: ASX resets record high
Australian shares surged on Friday to reach a fresh record just two days after closing at a previous all-time high.
Bitter port dispute comes to an end
The union and the stevedoring company have reached a truce after the bitter dispute resulted in a backlog of some 50,000 containers.
ASX dives as Fed dampens rate cut hopes
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
Albo’s housing target in danger
A shock deficit in the number of new homes being approved has put the federal government’s housing target in jeopardy.
ASX hits record high
The share market hit a new high on Wednesday as better than expected inflation figures raised hopes of an end to interest rate hikes.
Sign interest rates to be put on hold
Inflation eased in the December quarter to its lowest level in two years, all but guaranteeing the Reserve Bank board keeps rates on hold.
Major call on recession outlook
A global economic organisation has forecast inflation in Australia will fall further, but it warns risks in the world economy remain.
Qantas steals Optus’ major hire
Optus has been dealt another setback after its incoming corporate affairs chief, who hadn’t even started her new role, was poached by Qantas.
ASX nears record high
The ASX came within 2.3 points of breaking its record high set almost two and a half years ago.
Sign Aussies battling in price hike crisis
Shoppers, struggling with cost of living pressures, shut their wallets in December following the bumper Black Friday sales.
ASX rallies on energy stock surge
The energy sector propelled the benchmark higher on Monday as fears of a broadening of conflict in the Middle East intensified.
Bombshell probe into supermarket prices
Prime Minister Anthony Albanese will direct a watchdog to scrutinise the supermarket industry over accusations it is ripping off customers.
ASX edges higher as miners rally
Buoyed by a rally in material stocks on Wednesday, the Australian share market edged higher to finish in the green.
ASX books three-day winning streak
Buoyed by a rally in health care stocks and a positive lead from Wall Street, the local market climbed for a third straight session – its longest for the year.
Concerning trend for Aussie workers
Employers are set to be handed more power to dictate the terms and conditions of their workforce as a slowdown in jobs growth shakes up the labour market.
Urgent recall of popular chocolates
An Australian chocolatier has recalled two products after an undeclared allergen was found.
ASX posts gain as Zip zips ahead
After the US benchmark index climbed to a record high, the local share market started the week on a positive note on Monday.
New deal answer to cheaper energy prices
With households and businesses facing a potential gas supply shortfall, a new agreement has been signed to drive down prices.
Hungry Jack’s revives cult items
Aussie fast-food giant Hungry Jack’s has brought back two favourite hamburgers and added two new unexpected dessert items to its summer menu.
IMF drops Aussie interest rates bombshell
The IMF has warned the Albanese government must slash spending and the Reserve Bank should hike rates even further.
ASX snaps five-day losing streak
Led by a rally in tech stocks, the local share market finished in the green for the first time in five days, but closed out the week 1 per cent lower.
Burke blasts DP World over pay stalemate
In a no-holds-barred press conference, the workplace relations minister said Australians were “sick to death” of profitable companies not paying their workers as much as their competitors.
ASX slips for fifth straight session
The share market extended its losses on Thursday, as property, energy and material stocks dragged the benchmark lower.
‘Employment collapsed’: Warning on Aussie jobs
In a further sign that the Australian economy is cooling, more than 65,000 Australians found themselves out of a job in December.
ASX books four-day losing streak
After a negative lead from Wall Street, the share market extended its losses on Wednesday with energy stocks weighing on the benchmark.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/6