Economists say the RBA will lift interest rates next week despite unemployment hitting a post-COVID high. Plus the impact of rate hikes on homeownership.
Myer posts a near record loss as a consumer spending crunch batters its bottom line. Plus Donald Trump backs a ban on US diesel exports.
Former Australian Ambassador to the US and Former Treasurer, Joe Hockey tells Kirsten Aiken trade and tariffs will be the main focus of US President Donald Trump's meeting with Chinese President Xi Jinping. Plus a fireside chat with RBA Governor Michele Bullock sends a chill through the jobs market.
The latest Intergenerational Report forecasts an older population, declining fertility rate and an economy growing at slower pace but transformed by AI. Plus ASIC cracks down on comparison websites.
The government reveals its numbers game on immigration prompting Australia's biggest employer group to call on the Coalition to do the same. Plus the US Federal Reserve defies Donald Trump by hiking interest rates.
Former ACCC chair Allan Fels says Suncorp's debt collector, ARMA Group, has engaged in the worst kind of bullying as the company faces legal action brought by the consumer watchdog. Plus artists demand tech titans pay to train AI models on Australian content.
Oil prices surge, bond markets flag red and the Australian share market has dropped to the lowest level since June. Plus US stock picker Cathie Wood on why she thinks Bitcoin could hit $1.5 million.
Competition in the mortgage market is heating up as banks compete for fewer customers by cutting home loan rates. Plus calls grow to put the brakes on AI.
Tens of billions of dollars have been wiped off the ASX as oil prices passed $US101 a barrel. Plus Australia Post is accused of slugging business customers with extra postage fees.
The nation's biggest bank expects interest rates to rise in November and stay higher for longer. Plus the government cracks down on perpetrators of financial abuse.
With a federal gas reservation scheme on the horizon, the industry's united front is splintering revealing deep frustrations with one player - Santos. Plus how collapsing consumer confidence is hitting businesses.
Why the superannuation industry says One Nation's super access policy for workers is disastrous. Plus call them venture capitalists or sharks, the demand for more women in the investment feeding frenzy.
Australia's shrinking snow fields are feeling the heat with record temperatures shutting down ski resorts early. Plus a Wall Street listed thrift company expands in Australia leaving non-profit retailers concerned they'll lose out on donations.
Australia's economy is growing faster than expected, raising the chance of an interest rate hike by the RBA later this month. Plus how bond vigilantes have marked Donald Trump's report card down on the economy.
House prices have declined for the fifth month in a row, suggesting the property slump is continuing. Plus the latest on the Bathla collapse, including an interview with Michael Akkawi the chief executive of private equity real estate developer Conquest.
An ABC investigation shows gift card tampering spreading across Australia, as other countries grapple with similar crimes. Plus the Bathla Group's administrator is hopeful of a deal to complete most of the property developer's remaining projects.
Qantas delivers $1.3 billion full-year profit but higher fuel costs from the oil shock in the Middle East hits the airline's bottom line. Plus we talk to Wesfarmers boss Rob Scott about the corporate giant's court loss to a regional hardware store owner.
New research shows just one RBA rate increase has an immediate and lasting effect on home affordability disproportionately hurting younger households.
Unemployment has risen to the highest level since November 2021.
Wilson Asset Management lead portfolio manager Oscar Oberg says the likely market capitalisation of the company will be around $AUD 40 billion.
MST Marquee's head of energy research, Saul Kavonic says rationing could come into effect in Australia within weeks, and the price of diesel could top $4 a litre, if US President Donald Trump follows through with threats to ban US diesel exports.
Sobering financial results from one iconic Australian retailer and the collapse of another in recent weeks have sparked concerns about the state of the country's retail industry.
RBA governor Michele Bullock said Australia's jobs market was still putting upwards pressure on wages, business costs and inflation.
Former Australian ambassador to the US, and former treasurer, Joe Hockey says the meeting of US President Donald Trump and China's President Xi Jinping in Washington will focus more on trade and tariffs than the AI race.
The forecast for Australia over the next 40 years points to slower growth, mounting pressure from an ageing population, and growing intergenerational pressures, particularly around housing and wealth.
ACCI says now that the government's immigration "cards" are on the table, the opposition needs to "come to the party". Andrew McKellar speaks with Alicia Barry on The Business.
The Middle East war continues to drive up the price of liquid fuels, particularly diesel that powers our industrial, transport and agricultural sectors.
Westpac chief economist Luci Ellis joined business reporter David Taylor to discuss Australia's interest rate expectations following the decision by US Federal Reserve to lift interest rates.
An ABC investigation has uncovered the case of an 81-year-old woman, who was bullied and intimidated by Suncorp's debt collector ARMA Group over a debt she didn't owe.
Rabobank's global strategist Michael Every says the issue is no longer about simply securing oil, it's now a challenge to refine it.
As an expert in robotics, AI and automation, Dr Sue Keay has questioned the position of AI giants such as Anthropic, that are seeking trillions of dollars in investment, while at the same time warning their technology poses an unacceptable threat to humankind.
As the government leaves the door open to reinstate the fuel excise cut, independent economist Chris Richardson says a fuel excise discount now would "not be the best use of our money", and will only add to inflation.
The Commonwealth Bank has the largest slice of the mortgage pie among the big four banks, but they are all coming under pressure from Macquarie Bank.
Capital.com's Kyle Rodda says the markets are pricing in a more protracted conflict in the Middle East, where there are going to be periodic flare-ups.
Domain chief economist Nicola Powell says sellers are listing their homes for auction to test the market and many are switching to private treaty sales.
The ABC has spoken to numerous business owners who regularly send parcels to their customers and have been stung by "underpaid postage fees".
HSBC's head of global trade solutions, Vivek Ramachandran says in an era of Donald Trump's tariffs, the world is becoming more interconnected than ever with an increase in bilateral trade deals and new trade corridors emerging.
With a federal gas reservation scheme on the horizon, the industry's united front is splintering, revealing deep frustrations with one player - Santos.
Australia's venture capital industry has long been dominated by men but as more women jump in, the kind of startups getting back is slowly changing.
The CEO of ASFA, the peak body for Australia's $4.3 superannuation industry, says Australians understand that withdrawing super early is the same as robbing their future self.
Natural snow cover on the Australian alps is among the lowest ever recorded, as the warmest winter on record ends the ski season early. But Snow Resorts Australia chief executive, Josh Elliott is confident artificial snow making will keep skiers returning.
Influential market strategist, Michael McCarthy says investors are concerned "an inflationary spiral will break out" and require "drastic action" to contain.
Savers competes directly with non-profit, second-hand retailers and charity op shops that are concerned its expansion in Australia could result in fewer donations and customers to their stores.
Australia's economy is growing faster than expected, raising the chance of an interest rate hike by the RBA in September.
Michael Akkawi, the founder and chief executive of prominent developer, Conquest, a company with major housing projects in Sydney, Airlie Beach and London, says Bathla is shaping up to be the largest housing collapse Australia has ever seen.
Data from Cotality reveals the nation's housing downturn has accelerated, with home values declining for the fifth straight month.
President of US investment giant Northern Trust Asset Management, Michael Hunstad says AI may be the biggest positive supply shock that the global economy has ever seen.
An ABC investigation has discovered gift cards that have been tampered with are being sold by Australia's biggest supermarkets, with charges even being laid over the issue.
Teneo senior managing director, Stephen Longley is extending a glimmer of hope to home buyers with unfinished properties, saying he believes they will eventually receive their keys.
The owner of well-known Australian retailers such as Bunnings, Kmart, Priceline, Target and Officeworks - Wesfarmers - posted a $2.9 billion profit the financial year, down 1.8 per cent, as cost-concious consumers hunt for bargains.
Official July inflation data has forced three of the four major bank economists to revise their interest rate forecasts higher. CBA's Belinda Allen is now predicting a November rate hike.
After years of chronic underinvestment, Qantas chief executive Vanessa Hudson has embarked upon a massive fleet upgrade that will change Qantas' earnings profile.
A Queensland hardware store owner has had a major court victory over retail giant Bunnings, in one of the first high profile uses of new 'no adverse costs laws'.
After years of chronic underinvestment, Qantas chief executive Vanessa Hudson has embarked upon a massive fleet upgrade that will change Qantas' earnings profile.
