Business

Gina Rinehart says net zero is an ‘unobtainable and expensive magic pudding’, and believes Australia should follow the lead of the United States.

Australian inflation has dipped to 2.1 per cent in the year to May, boosting hopes that further interest rate relief will be on the way within months.

Iran attacked a US air base in Qatar, US President Donald Trump announced a ceasefire and Israel and Iran accused each other of breaking that truce. Here is why the markets reacted the way they did.

THE ECONOMIST: Now up for sale, OnlyFans has made the smutty business of online porn far more lucrative.

Consumers are being urged to shop around for the best grocery deals, though one of Australia's top three largest supermarket offers the greatest overall value.

JASON TITMAN: I feel, on reasonably solid ground, that within a few short years almost all Australians will use cryptocurrency technology, whether they planned to or not. 

Online cosmetics retailer Adore Beauty will open two new stores in the coming weeks, putting it well on its way to having 20 locations nationally by 2026 as it ramps up its bricks-and-mortar presence.

JACKSON HEWETT: The expectation there will be an end to Middle East hostilities has sent the oil price plunging.

Treasury Wine Estates has warned investors to expect a weaker performance from its flagship Penfolds label as it spends up big on marketing to re-establish its presence in China while sales in the US falter.

Virgin Australia has roared back onto trading on the stock exchange, more than five years after crashing with more than $6 billion of debt.

Australia’s most prolific iron ore miner and the country’s richest person have agreed to invest more than $2 billion to keep the Hope Downs mining operation alive.

Shares in Collins Foods, the nation’s biggest KFC operator, have soared despite the company reporting a near-90 per cent slump in full-year profit as restaurant impairments drag results lower.

THE ECONOMIST: Investors are growing impatient with the lingerie giant.

The corporate cop has confirmed Kali Metals’ emergence on the stock market last year is going to be in the thick of its investigation into Mineral Resources.

Resources Minister Madeleine King revealed there would ‘100 per cent’ be more to come on global collaboration to develop the critical minerals market when Anthony Albanese meets Donald Trump.