Australia’s sharemarket has recorded one of its weakest trading days of the year after oil prices surged above US$101 a barrel.
Cameron Micallef
Australian small businesses are carrying $202.2 billion of debt as markets increasingly bet on another Reserve Bank rate rise this month, while paying considerably more for money than the big end of town.
Ryan Johnson
Australian motorists and businesses face higher costs after Brent crude oil broke back above a key level a barrel overnight.
It’s high time decision-makers attempted to live off household budgets that relentless interest rate hikes are imposing on everyday Perth homeowners, a fed up mortgage holder says.
Brooke Rolfe
Business leaders have given Canberra a kick over productivity while betting heavily on artificial intelligence to wring more from their own operations, according to law firm Mallesons’ Directions survey.
The Australian dollar has surged to a four-month high amid hawkish comments from the Reserve Bank and oil prices topping US$100 a barrel.
Consumer sentiment is gloomy, the chair of IGA operator Metcash says, but shoppers are still spending because there hasn't been a jobs market shakeout.
Derek Rose
Macquarie has joined its big four bank rivals in predicting Australia’s sticky inflation will force the Reserve Bank to inflict even more interest pain on homeowners before Christmas.
Daniel Newell
The Reserve Bank's deputy governor Andrew Hauser says Australians are fed up with higher living costs, and want inflation to be brought under control.
Tess Ikonomou
In a grim warning to mortgage holders, experts say it is just a matter of when before interest rates soar to a 15-year high.
Blair Jackson and Cameron Micallef
Reserve Bank of Australia deputy governor Andrew Hauser has warned it will take years to fully get on top of the post-pandemic surge in inflation — an issue he knows Australians are ‘furious’ about.
Adrian Lowe
Australian homeowners are officially $34.1bn poorer – and economists say that staggering loss barely scratches the surface of what’s coming.
Australian household confidence has collapsed, with mortgage holders bearing the sharpest blow as house prices continue to decline.
Australian business conditions slumped to a six-year low in August as cost pressures hit profitability and firms fretted over ongoing global uncertainty and volatility in oil prices.
Cheyanne Enciso
A key index of confidence in the national economy shows a massive fall in the measure tracking faith in the property market.
Michael Heath
Data shows a historic NFL fixture in Australia comes with a surprising surge in upgrades of this must-have household item.
Blair Jackson
The economic benefits of AI adoption are beginning to flow in Australia, with about 15 per cent of tasks and occupations set to be replaced by 2060.
Kaaren Morrissey
The rising tide of oil prices has lifted the Aussie share market to a steady gain to open the week.
Major employers are pleading for a rethink on skilled migration, saying they are struggling to scale mounting hurdles to fill dire workforce gaps.
Rebecca Le May
The Australian sharemarket has fallen despite a strong lead from Wall Street – with miners and energy stocks dragging the market.
An expert who worked with the Reserve Bank for three decades reveals when rates will rise again and just how far the housing market has to fall.
Nasteho Said
One option to bail out a property developer on the brink of collapse that has $15bn worth of work in the pipeline has been ruled out.
The Reserve Bank has warned it still has a job to do on inflation as a Senate inquiry hears younger Australians and first-home buyers are bearing the brunt of rate hikes.
Ria Pandey and Cameron Micallef
Australia's economy is faring better than expected despite the Middle East war. That could spell bad news for home owners, the Reserve Bank and the government.
Jacob Shteyman
