Business

America’s inflation level hit 4 per cent for the first time in three years in May, driven by surging gas prices from the Iran war.

America’s inflation level hit 4 per cent for the first time in three years in May, driven by surging gas prices from the Iran war.

The Reserve Bank is expected to leave rates on hold next week but there are fears inflation is so high it won’t be able to cut rates even if Australia fell into a recession.

Voracious power demand from data centres could drive prices higher if they don’t actively support investment in new generation, the boss of energy giant AGL warns.

Kmart Group is refurbishing two dozen more stores to a new format, and opening a new concept store for home goods near an Australian capital city.

Bunnings boss Mike Schneider wants to push into the camping space, threatening the dominance of incumbent BCF, as the hardware giant eyes a market worth over $113 billion.

A landmark High Court ruling has handed family trusts and private businesses a major win over the ATO.

Rob Scott said Australia’s ‘less hospitable tax settings’ could force companies investing in the nation’s resources and oil and gas sectors offshore.

Is that a rocket in your lobby, or are you just happy to see me?

EDITORIAL: Australians are facing some of the bleakest consumer sentiment in decades, leaving households increasingly pessimistic about what comes next.

OpenAI has moved closer to a stock market debut, potentially unlocking billions in wealth and extending the AI gold rush.

AARON PATRICK: The leading artificial intelligence companies are racing to crystallise billions in value for investors by promising to change the world. Is the hype credible?

‘The next move in the cash rate is likely to be down.’

Australian consumer confidence has slipped into ‘deeply pessimistic’ territory as households battle with persistent cost-of-living pressures, while expectations for the housing market also cooled.

The Australian share market has tumbled in early trade as nervous investors, returning from a Monday public holiday on the east coast, wait on further signs of any flare-up in tensions across the Middle East.