Dark warning in CBA’s 9 billion profit reveal
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
Despite slashing jobs the dominant Aussie TV station has fallen deep into the red, buried by declining ad spend and losing the Olympics.
The ASX made a third-straight day of gains after a week of global volatility, with financial and consumer stocks pushing a marginal gain.
Australian wages have ticked up nearly 1 per cent in the past three months.
A massive employment platform has just delivered some bleak news to Aussie job hunters.
Wages are exploding across Australia, but there’s a downside to the money bump.
Independent Senator Jacqui Lambie has hit out at the government as cost-of-living pressures soar, claiming Aussies can’t purchase essentials for under $10.
Senior government minister Bill Shorten has sparked a fiery debate with the opposition after he claimed the Liberal Party wants to put Australia in a recession.
Bumper results from a bellwether retail giant injected renewed confidence into the Aussie sharemarket on Monday.
A man at the top of the Reserve Bank of Australia has warned Aussies against “false prophets” who claim to know what will happen in the future.
The last 10 days have seen global markets experience the most jarring rollercoaster ride since the pandemic. Here’s what’s really going on.
Mere months before the PwC tax avoidance scandal exploded, rocking the Australian financial world, its big names gathered in Tasmania.
The Australian stockmarket has ended a wild week on a positive note, propelled by renewed confidence on Wall St that the US will avoid a recession.
The PM has announced that these workers will receive a major increase to wages, but not as much as they’ve been campaigning for.
A $21m healthcare company that specialises in a hi-tech wireless earbud has gone bust in a fallout with a key supplier.
With the American stock market suffering its worst one-day fall in years and global markets faring even worse, one name keeps coming up.
Not all Australians are feeling the same pressure from the rising cost of living, the RBA says, with one major state doing it tougher than others.
Not all Australians are feeling the same pressure from the rising cost of living, the RBA says, with one major state doing it tougher than others.
The Treasurer moved quickly to ease fears of a recession after the ASX suffered a very costly $100bn one-day drop.
Australian universities are warning of dire consequences if a plan to cap the number of international students goes ahead.
Mortgage holders have been given a reprieve after the Reserve Bank kept interest rates on hold at 4.35 per cent, but should not expect a cut anytime soon.
Mortgage holders have been given a reprieve after the Reserve Bank kept interest rates on hold at 4.35 per cent, but should not expect a cut anytime soon.
One of Australia’s banking giants has shut down a home loan lender, ending a 33-year-run for the troubled business.
The Reserve Bank of Australia has revealed if homeowners will take another hit when it comes to their mortgage repayments.
Finance guru Mark Bouris’ has delivered a grim wake up call on the state of the Australian economy.
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
The latest numbers on new home starts are out and it isn’t good news for battlers struggling to live the Australian dream.
Energy Minister Chris Bowen said households could soon be further incentivised to buy into batteries or be able to use an EV to charge the home.
Energy Minister Chris Bowen said households could soon be further incentivised to buy into batteries or be able to use an EV to charge the home.
Australia is adding a migrant “every single minute” as new figures suggest the PM’s promise to return to “sustainable” levels has already been broken.
Some dark economic data out of China triggered a sell-off in heavyweight mining stocks on Tuesday, pulling the Aussie market down from record highs.
Incoming climate change tsar Matt Kean has called on the clean energy industry to take up the fight to the ‘climate change denialists’.
Aussies shares continued to rally higher on Monday, crossing the 8000 threshold for the first time in history on speculation of imminent rate cuts in the US.
Treasurer Jim Chalmers says he is expecting Australia’s surplus to grow beyond the $9.3bn forecast in the budget, with the exact figures set to drop in September.
Treasurer Jim Chalmers says he is expecting Australia’s surplus to grow beyond the $9.3bn forecast in the budget, with the exact figures set to drop in September.
New analysis has revealed the shocking number of vacant homes in one of Australia’s biggest cities, as renters struggle to find somewhere to live and prices skyrocket.
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
Australia’s largest company will suspend its vast nickel mining operations, putting up to 2500 jobs in limbo.
A university graduate whose months-long search for a job has been fruitless shook things up on a Sydney train.
The benchmark ASX200 has flown close to record highs on Thursday following a huge night of trading on Wall St.
A disturbing inequality between one group of Aussies and everyone else has been highlighted in a new report.
There’s a growing crisis in Australia’s trucking industry, and shoppers everywhere will be the losers.
Mining stocks have weighed down the sharemarket again this week, with the benchmark ASX200 dipping into the red on Wednesday.
Aussies will be richer with the arrival of Stage 3 tax cuts, but experts are warning the boost could trigger higher inflation and send mortgage payments soaring.
It’s been a difficult few months for business in Australia and there’s no end in sight, with turnover down for the month of May.
Locals in one multicultural jewel are clucking with anger over plans for a new KFC restaurant in the area, with fears “little guys” could be pushed out.
A property investor has slammed young Australians for “boomer bashing”, claiming it’s not easy to be a landlord.
Australia will continue to provide support to its Pacific neighbours in order to bolster its ability to identify and stop money laundering.
Treasure Jim Chalmers has called on major Aussie banks to continue servicing Australia’s closest international neighbours, pledging $6.3m to help.
Treasure Jim Chalmers has called on major Aussie banks to continue servicing Australia’s closest international neighbours, pledging $6.3m to help.
Original URL: https://www.thechronicle.com.au/business/economy/page/5