Business

AARON PATRICK: Michele Bullock described Tuesday’s interest rate hike in bloodless central-banker speak - but it will cost the economy roughly $3 billion to $6 billion.

Homeowners are set to be thousands of dollars out of pocket after the Reserve Bank raised the interest rate today.

Variable mortgage rates will hit 6 per cent and the typical working couple will be charged $4157 a month on their home loan.

Myer has unveiled plans to revamp a store in WA at the same time the retailer announced it would shut a Sydney location.

The biggest worry in Silicon Valley is that the AI boom turns out to be a bubble, but another risk looms.

Elon Musk says he is merging SpaceX with his artificial-intelligence company xAI, in a move aimed at unifying his AI and space ambitions.

If the Reserve Bank lifts rates as expected, a stronger Australian dollar and expectations of higher borrowing costs could mean it stays one-and-done.

The companies say the scrip tie-up will create a bigger world player in online safety for kids and schools.

Two incorrect assumptions have set the Reserve Bank on track for a costly U-turn on interest rates, with borrowers facing steeper repayments on their mortgages.

The Reserve Bank of Australia wouldn’t have to hike interest rates if the Federal Government made a tough decision, a leading economist says.

After a breakneck rally to start 2026, gold has suffered its largest single-day reversal in 40 years, all from a slump sparked by US President Donald Trump.

Outdoor clothing brand Kathmandu was the star performer for KMD Brands in the five months leading up to Christmas, with the parent company tipping stronger half-year earnings despite heavy discounting.

Are investors overestimating the risk from AI?

The under-pressure founder and boss of Corporate Travel Management has quit— two months after his company was forced to admit it had overcharged clients more than $150 million.