Bank plunge could spell end of an era for ASX investors
Big retail banks have driven returns on the ASX for years, but global asset manager VanEck believes they are overpriced and mid-caps offer better opportunities.
Economy, Business and Finance
Coalition migrant cuts plan triggers ire of uni sector
The universities sector, which relies heavily on fee-paying foreign students, says coalition plans to cut immigration would hurt the economy and cost jobs.
‘Iconic’ Delta act eclipsed in Eurovision boilover
Delta Goodrem has finished fourth at Eurovision, confounding hopes for a first Australian winner as Bulgaria soared to its maiden win.
Budget brawl escalates over rival tax cut proposals
The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.
Will this budget really make housing fairer for more Australians? It’s a good start
After decades of wealthy investors getting a better deal, this budget finally tilts the scales for younger people trying to buy their first home.
Middle ring could be ‘hollowed out’ by tax overhaul
Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.
Coalition’s bracket creep plan to cost tens of billions
The coalition's economic plan for Australia would hand back more money to workers by indexing tax rates to inflation at a cost of tens of billions of dollars.
Shoppers could pay more after Coles misconduct ruling
Supermarket prices could stay higher for longer following a ruling that Coles misled its customers with non-genuine discounts, according to one retail expert.
Bleak outlook for national economy if Iran war drags on
Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.
Tax relief for workers and pain for investors in budget
Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.
Budget spending stokes fears of further rate rise pain
An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.
Labor tucks away $77b war chest for further tax cuts
A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.
Australians move to regions seeking affordable housing
Australians are leaving the cities for inland areas as growing house prices shift migration patterns, bringing positive and negative flow-on effects.
Aussie-made cane toad leather almost ready for market
It won't be long before Australian-made leather goods, produced from one of the country's most notorious invasive species, are available to purchase.
Tax, migration and NDIS in coalition’s economic sights
Opposition Leader Angus Taylor has unveiled a raft of economic policies aimed at winning back voter support and countering the rise of One Nation.
Watchdog seeks big penalty after Coles goes ‘Down Down’
The consumer watchdog will be seeking a "significant penalty" to act as a deterrent to Coles and others, after a court found the supermarket misled shoppers.
Senate confirms Warsh as chair of the Federal Reserve
The Senate has confirmed Kevin Warsh as chairman of the Federal Reserve.
Global glut hits grain handler as farmers hold back
A leading Australian agribusiness has made a relatively small net profit in the first-half of its financial year, down 92 per cent from a year ago.
Unions ramp up minimum wage rise demands as costs soar
Low-paid workers should not go backwards because of Donald Trump's war, the peak union body says, as it calls for minimum wages to be raised to $26.45 an hour.
Rail project axing pulls ‘economic rug’ from regions
The Nationals have urged the federal government not to scrap billions of dollars of funding for the inland rail project ahead of the federal budget.
Last-minute budget pitch to ‘level field’ for young
Labor has made a pre-budget pitch to young Australians on social media as the government shakes up the tax system to help more people buy homes.
Kyle and Jackie O’s former home left counting the cost
"Brand safety concerns" by national advertisers cost the radio station company that ran the Kyle and Jackie O Show about $26.4 million in a year.
Cyber attack exposes student and staff private details
A global cyber attack has revealed the names of students and staff in schools and universities, with authorities scrambling to contact those affected.
Rebel says producer was ‘obsessed’ with rising star
A producer has denied Rebel Wilson's claims that she was fixated on a young actor who allegedly accused her of sexual harassment.
‘Dumb, rich and insured’: hackers target Aussie firms
Australian businesses are growing targets for online criminal gangs and an executive whose company was attacked warns it is hard to avoid.
Rising star accused of lying under oath in Rebel feud
A young actor has been accused of giving false evidence in the witness box as the curtains close on her blockbuster defamation trial against Rebel Wilson.
‘Decline’: housing downturn looms as rate hikes bite
Higher rates and affordability pressures are threatening to push the housing market into a decline, with prices in the two biggest cities already on the slide.
Price impact uncertain from gas reservation scheme
Households have not be guaranteed how much gas prices in east coast markets will come down under a reservation scheme.
Full steam ahead: billions more locked in for rail line
The federal taxpayer's stake in Victoria's massive Suburban Rail Loop public transport project has ballooned to $6 billion, as regional rail gets the axe.
Labor plots budget housing boost to fend off One Nation
Jim Chalmers hopes slashing red tape and winding back investor tax breaks will convince voters the dream of home ownership is still alive.
Grandfather of Inland Rail won’t let project die
The so‑called grandfather of Inland Rail says the half‑built 'train to nowhere' can still be saved, pitching a private plan to finish the route.