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Finance

The ASX stock exchange

Australian shares plunge to six-month low in sharp drop

Traders have been spooked by a wild day of trading on Wall Street and mixed US jobs data.
Australia

'AI bubble' fears eased as world's most valuable company clears hurdle

Fears of an "AI bubble" have been put to rest - albeit temporarily - as the world's most valuable company beats expectations.
finance

Trouble for the world's richest company sends a shiver down Aussie spines

There are fears that the party may be over for an industry that has boomed in the past 12 months.
finance
Bold red and yellow store signage promoting discount up to 99% off on selected items during a storewide sales event.

Why small businesses are increasingly opting out of Black Friday

It's now bigger than Boxing Day, but there's a concerning reason behind the decline is business participation in the event.
Black Friday
Australian $50 notes and pedestrians on Bourke Street in Melbourne.

Hidden issue in $80b tax leaving some Aussies thousands out of pocket

The federal government is facing yet another call to overhaul the GST, with new research outlining the tremendous amount of unfairness baked into the current system.
national
Shoppers walk past a sale sign in a Melbourne shopping centre.

Australia hits 'extraordinary, surprising' seven-year high

If you've read much about the economy recently, you'll have noticed not a hell of a lot of the headlines have been positive as of late.
finance
A photo of shoppers in the Queen St Mall. Population, economy, demographics, people, Australia, generic

The economy could be 'trapped' – and that's bad news for your interest rate

The Reserve Bank has sent out a troubling warning to investors and borrowers.
finance
Stock image of Australian money - $100, $50 and $20 notes

Corporate watchdog warns $200 billion Aussie industry to lift its game

Too many investors in the private credit sector are not seeing the full picture of how their funds are performing, says ASIC.
finance

The concerning factor believed to be behind surging house prices

Family financial help is creating a two-tier housing market of the haves and have-nots, experts fear.
finance
The ANZ logo outside an office in Melbourne.

Bank that sacked thousands of Aussies hit by $1.1 billion blow

ANZ has warned investors to brace for a more than $1.1 billion blow to its bottom line when it releases its half-year updates in a little over a week.
national

This one company is now worth more than Japan, India and the UK

The tech giant has crossed an incredible threshold to be valued at $7.6 trillion.
finance
'Big Four Banks' - ANZ Bank, Commonwealth Bank, NAB Bank and Commonwealth Bank.

Struggling Aussies to be denied any more rate cuts, major bank predicts

Australians struggling under the weight of high mortgage repayments now won't receive any more relief from the RBA, according to the nation's biggest bank.
national

Seven million Aussies don't know they're sitting on enormous pile of cash

There's $19 billion going unclaimed by unwitting Australians.
finance
CSL Robert F Kennedy Jr

Low US vaccination rates blamed for Australian biotech company's share plunge

The Aussie biotech giant's share price dropped 17 per cent today.
finance
US and Australian dollars.

Aussie dollar gets fresh boost, and economists have even more good news

The Australian dollar has started the week off on a high note, with successful US-China trade talks pushing it higher.
money
Shoppers sit down for a rest in Pitt St Mall in the Sydney CBD.

New financial 'pain' coming for Aussies - but there's a silver lining

Two interest rate cuts are on the horizon, but they won't stop Australians from tightening their belts during another challenging year for the economy.
national
People lining up to buy gold.

Aussies queued for hours to buy gold. Now the price has plummeted

In recent weeks, people have been lining up for hours in Sydney with one goal in mind: buying some gold. But things haven't gone to plan.
finance

The 'new world order' threatening Australians' prosperity

The run of interest rate cuts could soon be over due to events far beyond our shores.
commonwealth bank
The ANZ logo outside an office in Melbourne.

Big four bank takes knife to savings rates despite no RBA cut in months

One of Australia's biggest banks has trimmed the interest rate on its savings accounts.
finance
Stock image of Australian money - $100, $50 and $20 notes

Millions of Aussies make financial admission that could cost them big in retirement

"This ignorance could cost you tens of thousands of dollars", an expert warned.
finance
Constructioin workers in the CBD.

Surprise job losses push unemployment rate to near-four-year high

The unemployment rate has reached its highest level in almost four years following a surprise jump in the number of people looking for work last month.
finance
Stock image of Australian money - $100, $50 and $20 notes

New data reveals how millions of Aussies are self-sabotaging their finances

One in six Aussies say they spend more than they earn, and 16 per cent of people surveyed by Finder say they continue to purchase things impulsively despite the financial stress it causes.
finance

Record gold price to make Australia $60 billion richer

Investors are flocking to the precious metal, and that is good news for a critical Australian industry sector.
Gold
A screen at the Australian Stock Exchange showing many shares in the red.

$2b-a-day rival gets green light to completely shake up Aussie economy

The financial regulator has given the green light for a major rival to Australia's stock exchange to start listing new companies.
national
Adam Reynolds and Billy Walters of the Broncos hold aloft the Provan-Summons Trophy as the team celebrates after winning the NRL Grand Final match between the Melbourne Storm at Brisbane Broncos at Accor Stadium on October 05, 2025, in Sydney, Australia.

Broncos get unlikely $50 million off-field boost after grand final wins

The Broncos might have enjoyed the perfect NRL grand final day, but it's not the only thing the club has to celebrate right now.
finance
An AGL power station, Netflix app, and Optus logo.

Optus owner, Netflix among companies that earned billions but paid no tax

More than a quarter of large companies in Australia paid no income tax in 2023-24, while some coughed up billions.
national

Elon Musk becomes first person worth $US500 billion

The richest person on the planet is on track to become the first trillionaire.
elon musk
Governer of the Reserve Bank of Australia Michele Bullock,  speaks at a media conference  on Monetary Policy Decision, Sydney, 30 September 2025.

Early Christmas present from RBA falls from certainty to 50-50 chance

A mere matter of weeks ago, experts were expecting a pre-Christmas rate cut. Now, it's just as likely that Michele Bullock and her board instead decide to play the part of the Grinch.
finance
Michele Bullock during media conference after the RBA board decided to keep rates on hold in July 2025 (Dominic Lorrimer/Nine)

RBA almost certain to leave interest rates on hold

The central bank's cash rate decision today is highly likely to keep mortgage holders waiting until November for relief.
interest rates

NAB makes shock rethink on rate cuts

Mortgage holders hoping for an early Christmas present are likely to be disappointed, the big-four bank is forecasting.
interest rates
Macquarie Bank building at Barangaroo.

Macquarie to repay Shield investors $321 million over failure of super fund

Thousands of Australians invested hundreds of millions of dollars from their retirement savings in superannuation platform.
finance
'Big Four Banks' - ANZ Bank, Commonwealth Bank, NAB Bank and Commonwealth Bank.

RBA slaps down banks' fraud 'threat' over $1.2b payment overhaul

Michele Bullock has hit out at suggestions from Australia's major banks that the plan to remove debit and credit card surcharges could lead to less investment in scam protection.
national
Constructioin workers in the CBD.

Number of full-time workers drops ahead of next rates call

New data from the Australian Bureau of Statistics released this morning showed the jobless rate remained at 4.2 per cent in August.
national
Santos' headquarters in Adelaide, Australia.

Why $30 billion sale of Australian company fell through

Santos said they had expressed concerns to the consortium surrounding delays in the takeover.
Australia

Australia's largest bank raises hopes of another interest rate cut

It says a strengthening economy has provided room for more relief to mortgage holders, but it could be the last for some time.
interest rates

Temu, Amazon and Shein thrive as local retailers struggle

Fashion retailer Shein has seen a growth of 27 per cent, whilst Temu and Amazon have seen nearly one million more customers in the last 12 months.
Retail
Houses in an outer suburb.

Think house prices are bad now? They're about to get much worse

Australians wanting to buy their first home are about to find that already-tricky task even more difficult, with house prices set to rise by as much as $154,000 by the end of next year.
national
Alan Joyce has retired as Qantas chief executive after 15 years in charge of the national carrier.

It's been years since he worked there, but Qantas just paid Alan Joyce millions

The former chief executive has been handed one last bonus by the airline.
finance
The ATO and people walking on the street.

Thousands of Aussies hit with $11 billion warning by tax office

Meanwhile, the ATO commissioner has revealed the average tax refund this year – and it's more than you'd think.
national
The World Liberty Financial website.

Trump family fortune balloons by billions as crypto token starts trading

The digital tokens backing the Trump family's cryptocurrency venture, World Liberty Financial, fell in value in their first day of trading.
Donald Trump
Martin Place, Sydney.

Aussies to get an extra $4000 a year under proposed $93b tax overhaul

Australian households would have an extra $4000 in the bank every year – as well as higher wages – under a substantial overhaul of the tax system put forward by one of the nation's most respected economists.
finance
NSW housing

Taxpayers 'losing up to $550 million' in tax breaks for short-term property owners

Campaigners say negative gearing is bleeding the national purse while stoking house prices.
Australia

Westpac slashes fixed rates to offer the lowest of all four big banks

Westpac has slashed fixed rates by up to 0.70 percentage points.
national
Qantas plane

Huge profit jump for Qantas powered by surging travel demand

The airline carried four million extra passengers over the past 12 months.
finance

Financial watchdog scrutinising banks over concerns mortgage holders are being ripped off

Australia's financial watchdog is probing whether bank customers are being ripped off because savings from mortgage offset accounts aren't being properly passed on.
finance
General photo of people shopping for fruits and vegetables at the Queen Vic Market.

'This will unsettle the RBA': Shock inflation result revealed

Inflation has risen to its highest level in a year, surprising economists and pouring some doubt on the assumption that another interest rate cut would be handed down by the end of the year.
finance
Reserve Bank Governor Michele Bullock during a Senate estimates hearing.

'Further reduction': RBA hints at even more welcome news for Aussies

Borrowers who welcomed the RBA's latest interest cut have been given a fresh dose of good news by the central bank.
finance

Profits at Andrew Forrest's mining giant Fortescue slide by 41 per cent

Falling iron ore prices are impacting the mining giant's goal of becoming a green energy powerhouse.
business
US experts weigh breast implant safety amid new concerns

Millions of Australians turn to buy now, pay later for cosmetic work

Many of them are reporting later regretting their purchases.
national

Push to overhaul tax concessions 'hurting ordinary Aussies'

Property owners claim back billions of dollars. Critics say it's making the housing crisis far worse.
Economy

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