Stocks crumble as hopes fade for imminent Fed rate cut
Asian shares joined a global selloff on Friday as hawkish comments from Federal Reserve officials doused hopes for a US rate cut next month, while a still messy data calendar…
Labor makes hay as coalition abandon net zero pledge
Opposition Leader Sussan Ley insists her party’s decision to ditch Australia’s climate targets won’t affect its popularity in city seats, as progressive campaigners fundraise off the controversial move. The coalition…
Businesses thunderstruck as AC/DC shows boost spending
AC/DC, Metallica and other major music powerhouses are set to rock Australian businesses and help put them back in the black. Australians are expected to spend an extra $424 million…
Supporting genocide. Australian funds risk breaking international law.
Australian fund managers who continue to invest in companies that supply weapons to Israel are likely to be in direct breach of international law and risk prosecution. Stephanie Tran with…
Tide turning on Reserve Bank rate cut expectations
The mood has turned against further interest rate cuts, with jobs data convincing more forecasters the Reserve Bank’s easing cycle is at an end. NAB on Thursday became the latest…
The Liberals Just Set Themselves on Fire Over Net Zero | The West Report
The Liberal Party has officially ditched its net zero commitment and handed the steering wheel to the Nationals. Matt Canavan was sent in as their leading negotiator and somehow convinced…
Wrong subs? US Admirals’ groupthink running Australia aground
The US Navy and Australia need new diesel-electric submarines. Just don’t try to tell the conflicted American admirals who have been guiding our AUKUS disaster, reports Michael Pascoe. Australia’s deal…
Stocks firm as US government shutdown set to lift
Stocks and gold paused for breath on Thursday as the US Congress voted to end the longest government shutdown on record, with markets waiting for the resumption of US economic…
Global expat tells Australia to lift its economic game
Company taxes and regulation must be cut to boost productivity, Australia has been told by an expat head of a leading global economic body. Matthias Cormann, the first Australian to…
Xero shares sink to 15-month low despite revenue growth
Xero shares have hit their lowest level in more than a year even as the New Zealand-based cloud accounting platform posts double-digit revenue growth and $NZ321.1 million ($278 million) in…