Wealth

Traders on Wall Street expect the US central bank to cut rates by 50 basis points in September. (AP PHOTO)
Business
By Sinéad Carew and Nell Mackenzie

ASX set to fall again as US bloodbath adds to global rout

US stocks have plunged amid a global stock market rout triggered by fears the country's economy could be falling into recession.

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Michele Bullock, governor of the Reserve Bank of Australia (RBA), has previously said further tightening remained possible.
Business
Poppy Johnston

Final 'nail in coffin' to stop Reserve Bank raising interest rates

Economists now broadly agree there will be no movement in the official interest rate.

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At the last RBA meeting, the Governor, Michelle Bullock, strongly indicated that a rate rise was imminent if inflation wasn’t curbed.
Australia
Andrew Fyfe

What will happen with interest rates next?

While the August meeting occurs this week, there are several key announcements and economic movements that give us some idea of what may lie ahead.

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The ATO previously said it had spotted issues arising across multiple industries including construction, education, transport and healthcare.
Wealth
Nick Bruining

Thousands eligible for millions in missed super payments

Subcontractors and those in the entertainment or domestic services could be entitled to compulsory superannuation following the release of a draft ruling from the ATO. See if it will impact you . . .

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If the employer misses the payment or the date, they are required to proactively notify the ATO as soon as possible. This is not the time, as an employer, to stick your head in the sand.
Wealth
Nick Bruining

What happens to your employer if they don’t pay super?

Here’s what the ATO does when employers fail to pay what’s owed to their workers.

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The costs of running a self-managed super fund aren’t cheap. But they can be overlooked if your adviser is doing the work to pull in big returns. So how do you know if you’d be better off elsewhere?
Wealth
Nick Bruining

Is our financial adviser taking us for a ride?

Q+A: The costs of running a self-managed super fund aren’t cheap but they can be overlooked if your adviser is doing the work to pull in big returns. So how do you know if you’d be better off elsewhere?

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Cash or a debit card? In an increasingly cashless society, which is best to help parents teach their children about money and how to manage their finances?
Wealth
Avril Liljekvist

Cash or card? Do kids learn about managing money from both?

Cash or a debit card? In an increasingly cashless society, which is best to help parents teach their children about money and how to manage their finances?

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There’s no fat left to trim on Aussies’ budgets, and we know the biggest inflation drivers are beyond buyers’ control. It’s time for the government to step up to bear this cross.
Opinion
David Koch

We’ve cut enough fat, Labor must step in to fight inflation

DAVID KOCH: There’s no fat left to trim on Aussies’ budgets, and we know the biggest inflation drivers are beyond buyers’ control. It’s time for the government to step up to bear this cross.

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Australia’s billionaires boosted their wealth by $82 million per day since 2020, Oxfam analysis said.
Wealth
Hayley Taylor

The staggering cash boost of Australia’s billionaires revealed

‘The rest are left to scrap for crumbs.’

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A controversial report has floated a huge change to the aged care pension that could mean less money in the bank for senior citizens.
Wealth
Martin Kelly

Huge change to age pension floated to help housing crisis

The change would mean reduced pensions for many older Australians.

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If you’re a self-funded retiree, there’s an annual tax offset worth up to $1602 you may have never heard about. Here’s how it works.
Wealth
Nick Bruining

The $1600 tax break most retirees don’t know they can claim

If you’re a retiree, there’s an annual tax offset worth up to $1602 you may have never heard about. Here’s how it works.

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How do I start investing in gold?
Markets
CNBC

How to invest in gold — and whether it’s worth it

Gold has been coveted for thousands of years, with its beauty, versatility and reputation as a safe haven making it hard to resist. From bullion to mining stocks and ETFs, there’s myriad ways to get involved.

Read more (7 min) →
Video
The price of a pint may be increased if businesses are forced to pass on the upcoming alcohol tax increase to consumers.
Food
Ailish Delaney

Why your next round at the pub could be a lot more expensive

Some business owners say they already have to charge as much as $18 a pint.

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Taylor Swift performs on stage during the The Eras Tour at Wembley Stadium.
Wealth
The Economist

How to get rich via the music industry (Taylor’s version)

Think you know the story of how Taylor Swift took on the music industry? The reality is more complicated.

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Home buyers are being urged to apply for an Australian government scheme that allows them to purchase a property without needing a guarantor and saving them about $25,000 on bank fees.
Australia
Sowaibah Hanifie

Thousands of Aussies eligible for $25,000 cash boost

There are only 50,000 spots available this financial year.

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