Big bite on spending swallows up hospitality businesses
A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.
credit and debt
Credit rating outlook downgrade rests in state’s hands
A state government can fix a credit rating outlook downgrade in its first budget after an international agency identified "significant fiscal deterioration".
Steelworks forced into administration to ‘save’ future
South Australia has ended months of uncertainty over a critical steelworks by placing the plant into administration.
‘No-brainer’ home ownership boost for HECS debt Aussies
Australians saddled with student debt who want to enter the housing market will be given a helping hand, under changes to lending requirements.
LNP drum up support after dancing around costings
The Queensland opposition has drummed up interest for its youth crime prevention measures after being accused of dancing around costings ahead of the election.
Slow economic growth set to continue into 2025
While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.
Chips are down as Star posts huge loss, cashes in jobs
Star Entertainment has written down the value of its three casinos by $1.4 billion as its new CEO plots a path to turn around the fortunes of the company.
Call for ad ban on easy credit for groceries, medicines
A popular form of credit to encourage online shopping has morphed into a crutch for trying to stay a step ahead of financial disaster, an inquiry has been told.
ASIC victory in four-year pursuit of high-fee lenders
Two Gold Coast lenders could face hefty fines after charging over $70 million in fees for less than half that amount in loans issued without a credit licence.
‘Perfect storm’: insolvency surge threatens businesses
The Australian Taxation Office and other creditors pose the biggest threat to cash-strapped businesses facing an insolvency "surge", an organisation says.
Students dive into pockets to beat HECS interest rise
As uni students rushed to pay back more on their HECS to beat a rise in interest, the government has agreed it's time to consider how repayments are calculated.
Biden, McCarthy reach tentative US debt ceiling deal
US Democratic President Joe Biden and Republican House Speaker Kevin McCarthy have reached a tentative deal to raise America's debt ceiling.
Debt ceiling deal ready for Congress vote: Biden
US President Joe Biden has urged Congress to pass the tentative debt ceiling deal he reached with Republican House Speaker Kevin McCarthy.
Clampdown on buy now, pay later following abuse claims
The federal government will regulate buy now, pay later services in a bid to protect Australians against financial abuse and hardship.