Australian economy

The powerful people who control the purse strings of Australia’s biggest companies are worried about what lies ahead next year, coinciding with a warning the economy has “hit a wall”.Consulting firm Deloitte released its biannual CFO…

The Australian share market soared on Wednesday with the benchmark posting its biggest daily gain in more than a year on hopes that the Reserve Bank is done raising rates. The benchmark S & P/ASX200 index vaulted 1.7 per cent, or 116.8…

RBA governor Michele Bullock has sparked backlash for suggesting Australians going for haircuts and dentist visits are to blame for high inflation.Hinting that further interest rate pain may be on the way to tackle “homegrown” inflation,…

Karl Stefanovic has taken aim at Acting Prime Minister Richard Marles over his government’s response to Australia’s increasing cost-of-living pressures, blowing up over his use of repeated “lines” and questioning a potential cut to the fuel…

A few short weeks later financial markets are fast reappraising the appointment. Market pricing and scuttlebutt are concerned that Bullock’s promotion was political and Treasurer Jim Chalmers has an undue influence over monetary policy.Bad…

In a world of gamed markets and financialisation, iron ore stands out as one commodity still traded largely on fundamentals. There are three clear reasons for the current price falls. The first is that demand for steel in China is weak,…

In the 122 years since the individual colonies of Australia were federated into an independent nation, Australia has been consistently reliant on exports and the health of economy’s far beyond on our shores. In the early decades of…

More Aussie businesses are collapsing now than before the pandemic as “zombie companies” are flushed out of the system — and experts warn it will “get worse before it gets better” as consumers tighten their belts.The latest insolvency…

It’s rare to see tangible evidence of a decade of inflation but an old Woolies receipt in an old coat pocket has offered an intriguing flashback to a far away pre-cost-of-living crisis era. Melbourne TikToker Iknowtegan shared the “very…

More than three million Australians with student loans are being warned to brace themselves for a super-sized increase to their debt in the coming months. The debt, known as HECS-HELP, is not charged interest. Instead, the full amount is…