The nation’s biggest bank says Australia must break its addiction to taxing income and rein in “unsustainable” government spending growth.
Matt Mckenzie
When the RBA stunned financial markets by keeping rates on hold, Dr Chalmers noted the overwhelming expectation of a cut and the split vote on the call by the RBA’s board.
Sean Smith
Fewer rate cuts than expected will further weaken already fragile consumer confidence, as the Commonwealth Bank records a gradual household spending recovery.
Jacob Shteyman
Surging rental prices in Perth now account for more than 60 per cent of a single person’s weekly disposable earnings in what has been described as another hit to already stretched household budgets.
Cheyanne Enciso
Australia needs another economic golden age to succeed in a world ditching free trade and pursuing the energy transition, RBA deputy boss Andrew Hauser has said.
The Reserve Bank has given the middle finger to analysts and financial traders by holding interest rates steady on Tuesday. Rightly so.
Australian businesses are showing signs of a revival after a rocky start to 2025, with new bank data suggesting conditions are ‘stabilising, if not starting to turn around.’
Michele Bullock says the Reserve Bank wants to make sure inflation has been “nailed” after defying markets to hold interest rates steady today.
Premier Roger Cook has sought to reassure Japan that WA gas remains reliable, despite growing pressure from environmental activists and global uncertainty as a result of US President Donald Trump.
Jessica Page
The Reserve Bank is hotly tipped to cut interest rates for a third time on Tuesday but one economist has declared the near-certainty in markets over the looming decision “bewildering”.
US President Donald Trump has threatened an additional 10 per cent tariff on countries that orient themselves along the ‘Anti-American policies of BRICS.’
Anniek Bao
Jurassic World Rebirth, the latest installment of the Universal Pictures dinosaur franchise, scored the top spot in theaters over the five-day Fourth of July holiday.
Bloomberg
The Trump administration has issued a fresh threat to countries failing to negotiate trade deals with the US.
Joseph Olbrycht-Palmer
With markets all but assured the Reserve Bank board will cut interest rates at its upcoming meeting, the bigger question for traders is what they say next.
The grim reality of WA’s battlers is laid bare in new figures which show thousands could not afford to pay their power, gas and water bills in 2024.
JOE SPAGNOLO
Looking back over the 2025 financial year show’s there is plenty for the glass half-full types to celebrate.
Editorial
Roger Cook might be walking into a nightmare thanks to his government’s obsession with making stuff in WA. Plus: Will Warren Pearce make the big move?
The number of Australian consumers reporting ‘very high’ stress has fallen to a three-and-a-half-year low amid slowing inflation and increasing confidence of further interest rate cuts in the next year.
Packer & Co’s persistent concerns about overvalued US stock markets and the country’s soaring budget deficit are now being exacerbated by fears of a ‘painful’ trade reversal.
Australian chief financial officers are increasingly confident the economy has passed its low point, but the optimism doesn’t necessarily stretch to their own business performance over the next year.
All big four banks now expect the RBA to cut interest rates next week.
Matt Mckenzie & Cheyanne Enciso
Australian online retail sales grew again May — albeit slower — as consumers spent up on fashion, games and toys.
Australians are $6 trillion richer than before the pandemic — on paper — as new numbers show how inflation and the housing affordability crunch have shaped the nation’s distribution of wealth.
Harvey Norman chair Gerry Harvey reckons shoppers have cast aside the cost of living crunch to snap up bargains during the end of financial year sales, saying ‘there’s more money out there than we think’.
