Treasurer insists next month’s Federal Budget can address cost of living and housing measures without adding to the nation’s inflation challenge. Economists say he’s been left little room to move.
Adrian Lowe
Shares erased their early gains on Wednesday after firmer-than-expected inflation data took traders by surprise.
Jack Quail
Business conditions for small and medium enterprises have now diverged from the resilience reported by larger firms amid slowing demand and declining profitability, according to a new bank survey.
Cheyanne Enciso
Young Aussies are about to be hit with another major increase to their tax bill, but there are signs relief could be on the way.
Courtney Gould and Jack Quail
With prices rebounding through the March quarter, inflation remained above the RBA’s target band, dashing hopes for rate cuts this year.
Don’t expect an interest rate cut any time soon. That’s the blunt message from economists who now reckon the RBA will have to keep rates on hold for longer after inflation came in hotter than expected.
A major Australian discount retailer has decided not to sign an international accord on factory safety and a women’s rights group is up in arms.
Duncan Evans
All eyes will be on fresh inflation data to be released on Wednesday which will be critical to the Reserve Bank’s deliberations on rate cuts.
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
The number of households at risk of mortgage stress has fallen to its lowest level this year as the Reserve Bank of Australia held interest rates steady and rising incomes eased financial pressures.
Shopping at Woolies is about to get a big makeover, with a whole new section rolling out in stores.
Income tax receipts gushed into Treasury coffers last year to a record high, fresh ABS data has revealed.
A manufacturing boss says it has become almost impossible to hire Gen Z workers because they ‘don’t want to get their hands dirty’.
Madeleine Achenza
Call me pessimistic but between geopolitics and local pricing dynamics, I’m braced for petrol prices to reset their record highs before too long.
Gemma Acton
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
Students saddled with unpaid placements and soaring debts could be in line for relief in next month’s Federal Budget, the Treasurer has hinted.
A South Australia mining company has boomed in value from $37m to almost $2bn in less than 10 years and the meteoric rise could continue with the company announcing another big milestone.
Despite repeated denials that an overhaul to the stage 3 tax cuts was not being considered, newly released documents have revealed otherwise.
A bitter fight has been reignited over a contentious carve up that the NSW government says will leave the state almost $12bn worse off.
Courtney Gould
With Beijing already becoming a top target in the US election campaign, President Xi Jinping’s government is resisting any move that could backfire on the world’s second-largest economy.
Bloomberg
The multi-billion dollar sales of luxury cosmetics brand Aesop and high-end fashion house Zimmerman are the standout deals in an otherwise subdued year in Australian retail mergers and acquisitions.
Simone Grogan
Treasurer Jim Chalmers has issued a sobering warning about the nation’s budget as international tensions increase.
Eleanor Campbell
Treasurer Jim Chalmers will slash growth forecasts for some of the world’s biggest economies, deeming the outlook ‘fraught and fragile’ after a string of meetings with his global counterparts in the US.
The cost of living pressures plaguing households have been subsiding and fresh data released this week will hopefully reveal further softening.
Poppy Johnston