Business

Millions of Aussie workers are in line for a 4.75 per cent pay rise from July 1 – but there are warnings interest rates could hike as a consequence.

‘A good investment doesn’t automatically turn into a bad one overnight when tax law changes.’

Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Musk’s ally.

Kevin Warsh, the unlucky new chairperson, has seen his case for lower interest rates disintegrate.

Citi’s research team has cut its profit forecasts for all four major banks as it said proposed tax changes to housing will slow demand for loans.

America’s consumer prices rose at a faster rate for a third-straight month in May, to 4.2 per cent annually, as the energy shock put more pressure on the US economy.

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?