Online travel group Webjet has emerged from a trading halt to warn Virgin Australia's decision to offer holiday packages is likely to hurt future revenue.
A financial adviser has warned Australians an ‘extremely overvalued’ property market will take a hit from rate hikes, Federal Budget tax changes and a potential economic downturn.
A tech boss developing Australia’s answer to WhatsApp and Slack is warning start-ups will leave Australia for New Zealand because of Labor’s new minimum 30 per cent capital gains tax.
Prime Minister Anthony Albanese has been smashed with memes made by small business owners across the country, who are slamming changes in the Federal Budget.
THE ECONOMIST: Many hoped to return once the hostilities ceased. As these drag on, however, plenty are casting around for a new, more peaceable bolt-hole. Where are they headed? And will they ever return?
The Federal Government’s changes to capital gains taxes could see small businesses cop a double tax bill if they restructure to cope with the overhaul.
The Reserve Bank of Australia’s chief economist Sarah Hunter has warned entrenched inflation could lead to punitive rate hikes that would spark a recession.
But it doesn’t rule out taking more dramatic steps to ensure domestic supply if Australia’s outlook worsens, amid ongoing disruptions from the Middle East conflict.
Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank's May meeting and a speech by the RBA's chief economist.