Business

Treasurer Jim Chalmers at a press conference at Parliament House in Canberra, Wednesday, June 5, 2024. (AAP Image/Mick Tsikas) NO ARCHIVING MICK TSIKAS
Business
Tess Ikonomou

‘We’re aligned’: Treasurer backs inflation target, despite rates risk

Treasurer Jim Chalmers has backed the central bank’s determination to get inflation back to target, despite blaming it for ‘smashing’ economic growth with higher interest rates.

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Bella Lin, founder and CEO of GuineaLoft
Business
CNBC

How this 17yo created a $71,000 a-month side hustle

This 17-year-old student won $10,000 and used it to fund her Amazon side hustle—now it brings in $71,000 a month.

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Video
Small business owners say they’re being left out in the cold while behemoth companies are propped up by taxpayer dollars.
Business
Dominique Tassell and Hayley Taylor

‘Simply cannot compete’: Businesses on brink of collapse while tax dollars save giant

‘They’ve already had all sorts of benefits and incentives thrown at them. We don’t.’

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Former treasurer Wayne Swan has backed in Jim Chalmers in his fight against the RBA.
Business
Katina Curtis and Daniel Newell

Labor attacking RBA to distract from inflation: Economists

Economists have accused Labor of using attacks on the Reserve Bank as a shield to distract from the impact of its spending on inflation, after former treasurer Wayne Swan launched a blistering salvo.

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Bega Cheese saw a 262 per cent boost in shares traded.
Markets
Raizinvest.com.au

The cheese company rocketing up the trading charts

In a relatively flat final week of August, trading in an Aussie cheese-making company surged on the back of a stark turnaround in the company’s profit margins.

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The Rupert Murdoch succession saga continues in court.
Business
The Economist

Murdoch’s successor may be named but power battle isn’t over

Rupert Murdoch named his son Lachlan his successor but the fight for power over the family newspaper empire is not over yet

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Pacific Smiles boss Andrew Vidler has handed in his resignation after less than a year in the role.
Business
Cheyanne Enciso

Pacific Smiles boss resigns following failed takeover bid

The boss of Pacific Smiles has handed in his resignation following a tumultuous few months for the east coast dental services chain as a takeover target.

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The claims come as administrators put the broom through the powerful but scandal-plagued CFMEU, forcing the departure of scores of union officials.
Business
Daniel Newell

APRA sues CFMEU boss over First Super job

Australia’s financial watchdog is set to haul CFMEU boss Michael O’Connor before the courts in a bid to turf him out of an industry superannuation fund.

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Stockmarket data has never been easier to access but at what cost
Business
The Economist

Has the growth of social media broken the stockmarket?

Nearly all work processes have been made more efficient by technology, with one exception

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A plan is being promoted to narrow a $62 billion productivity gap in construction.
Australia
Luke Costin

Taxpayers big winners with $62b construction opportunity

Improving construction could save billions of dollars for infrastructure already in the pipeline and assist Australian taxpayers and commuters.

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Reserve Bank of Australia (RBA) Governor Michele Bullock delivers a speech on the costs of high inflation, at the Anika Foundation luncheon in Sydney, Thursday, September 5, 2024. (AAP Image/Bianca De Marchi) NO ARCHIVING BIANCA DE MARCHI
Australia
Leonora Risse

What’s a recession — and how can we tell if we’re in one?

Today’s economic data shows that, outside of the pandemic, the Australian economy has slowed down to its lowest annual rate of growth since the early-1990s recession. Are we headed for another one? 

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Warren Buffett has chalked up his 94th birthday. But is it still many happy returns for investors in Berkshire Hathaway?
Business
The Economist

Has Warren Buffett lost his touch?

America’s favourite great-grandpa has hit his 94th birthday. But some investors with Berkshire Hathaway may wonder where their many happy returns are.

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The dusky sea snake
Business
Matt Mckenzie

Another slippery problem for Browse gas plans

The Federal Government has ruled out a review of Browse Basin oil and gas projects after listing a new endangered species — with no impact expected to Woodside Energy’s $29 billion LNG plans. 

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The Mt Cattlin lithium mine near Ravensthorpe.
Mining
Simone Grogan and Adrian Rauso

Another lithium mine bites the dust with up to 300 jobs cut

Job losses are looming as Arcadium Lithium reveals it will put a West Australian mine site on ‘care and maintenance’.

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Star Casino’s new boss Steve McCann
Business
Simone Grogan

Star in funding dilemma amid inquiry fallout

Star Entertainment Group has brought in advisers to assess its financial woes, with directors still yet to sign off on this year’s numbers after it was hit with findings from a second damning inquiry.

Read more (2 min) →