RBA rate relief at last. But don't expect a housing affordability boost
All bets point to a rate cut today, but housing still remains out of reach.
Ian Verrender is the ABC's Chief Business Correspondent. A journalist for more than 40 years, Verrender began working in print in 1981 as assistant economist for Rural Press and later freelanced for The Bulletin before moving to AAP-Reuters. He spent 25 years at The Sydney Morning Herald in a variety of roles including Senior Writer, Business Editor and Senior Business Commentator. He joined Business Spectator and Eureka Report in 2012 and since 2005, also worked at Sydney radio station 2UE providing early morning business commentary. He joined the ABC as Business Editor in 2014.
All bets point to a rate cut today, but housing still remains out of reach.
Qantas has sent emails to customers affected or potentially affected by a cyber attack, but it took two days for any of its senior executives to front the media.
After just five months in power, US President Donald Trump predictably has driven a wrecking ball through the foundations of American society. In recent weeks, he's re-opened an old front from his first term, the independence of the US Federal Reserve.
This is why the world’s richest people — also known as the 'broligarchs' — are about to get a whole lot richer.
Virgin has undergone some radical surgery in the five years since it collapsed, and soared on its ASX re-entry, but the risks of investing in airlines remain.
AI is starting to take over the jobs of workers. But it's not the workers you might think.
Cash offer to Santos from the Abu Dhabi National Oil Company is understood to be the richest in history. But some are unconvinced the deal will proceed.
Has America's descent into authoritarianism destroyed its reputation permanently?
Qantas, Air New Zealand and a rejuvenated Virgin Australia are putting the pieces into play for what is shaping up to be a torrid summer of competition, that could see travellers come out on top and investors pay the price.
A Melbourne small business finds itself unwittingly on the frontline of the trade stand-off between Donald Trump and Xi Jinping, as rare earths present an opportunity for Australia.
Australia is likely to be a major casualty as the White House launches a new weapon in its war against the Western alliance.
When the world began stepping back from hydrocarbons and petrochemicals as governments embraced zero emissions pledges, Woodside stepped forward.
The Healthscope collapse has exposed the often-conflicting goals between government responsibility for health services and subsidised, but privately run, institutions looking to maximise profit.
Productivity is dominating headlines, but is it really possible to measure in Australia?
We explain the reasons for RBA governor Michele Bullock's change in plans around interest rates — and where the US fits in.
As the Reserve Bank is tipped to deliver its second rate cut this cycle, the greatest uncertainty overhanging the world economy is America, once the bedrock of global financial stability.
Record keeping, complying with regulations and lax reporting standards are issues where Macquarie has fallen short on multiple occasions on a range of issues that date back to at least 2008. A rejuvenated ASIC appears to have run short of patience.
Inflation is declining and global growth is under a cloud but feeding rate cuts into an already hot property market is likely to spark another buying frenzy and even higher prices. That could throw doubt on the RBA's ability to provide the number of cuts pencilled in for this year.
Can US Treasury Secretary Scott Bessent save the world from Donald Trump’s trade turmoil?
America has decided to sever its trading relationship with China — a strategy that ultimately will come at enormous cost. And Australia, more than any other nation, will be caught smack in the middle.
In Donald Trump's world, deficits are always bad and surpluses are always good. In isolation, it's an easy concept to sell to a deeply divided nation. But it ignores how the US economy has powered its way to global domination.
China now dominates the entire rare earths ecosystem, refining around 90 per cent of all coveted elements. It leaves Trump's America particularly vulnerable, as the Albanese government proposes a national stockpile.
US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America's central bank.
A US-China trade war is a battle neither side can win. It's more a question as to the amount of pain either country can endure and which will emerge with the least damage.
While the past few days has seen calmness return to markets, many of the financial world's best minds fear further falls — and warn we're nowhere near the end, unless America backs away from its current policy. One analyst warns we're witnessing something not seen since the Great Depression.