Business

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Aussies are rushing to withdraw their hard earned cash.

Use it or lose it: Millions rush ATMs to withdraw cash

Cash is king, at least for today as a mass demonstration of support for physical currency plays out at ATMs and bank branches across Australia. 

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The five so-called hyperscalers —Alphabet, Amazon, Meta, Microsoft and Oracle — are investing hundreds of billions of dollars apiece in data centres. 

‘Tokenmaxxing’: Supply-chain crunch taking a byte out of AI

THE ECONOMIST: ‘Tokenmaxxing’ techies may need to take a hiatus as the demand for artificial intelligence increases.

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One of Australia’s top competition law experts and former ACCC chairman Alan Fels said he struggles to see how Woolworths didn’t mislead shoppers.

Former ACCC boss says Woolworths tricked shoppers

One of Australia’s top competition law experts and former ACCC chairman Allan Fels said he struggles to see how Woolworths didn’t mislead shoppers.

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The nation’s banks contributed a record $16 billion in taxes and other levies to government coffers last financial year.

Banks attack global tech giants over tax ‘imbalance’

Australia’s banks have pointed the finger at some of the world’s biggest tech companies while demanding ‘a level playing field’ to fix what they have branded a tax regulation ‘imbalance’.

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Perth is set to enjoy a further drop in fuel prices on Monday, as the cost at our bowsers gradually begin to fall since the war in the Middle East began at the beginning of March.

David Koch’s 11 clever ways to save $50 a week on fuel

DAVID KOCH: While we can’t control global oil markets or volatile price cycles, we can take some practical steps to ease the financial squeeze.

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Money might make you wealthy, but it’s your friends who make you rich.

Athlete, Coach, Enthusiast: Which money type are you?

We all tackle money matters differently — avid savers, big spenders, or something in the middle. But most of us can be placed in one of three categories. So, which type are you?

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Treasurer Jim Chalmers says any plan to dilute the 50 per cent capital gains tax discount will be about addressing intergenerational unfairness in housing.

Moves to cut CGT discount shows Labor’s out of ideas

ANDREW BRAGG: Knowing their Budget is in trouble and they can’t fix spending, Labor are reverting to type. To piecemeal tax hikes.

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Amazon Australia boss Matt Benham.

Online behemoth Amazon racks up another $1b in sales locally

Amazon Australia is ramping up its status as a threat to local retailers as the tech behemoth banks nearly another $1 billion in sales.

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US share markets hit record highs on Friday even as global investors worry an inflation shock from the Middle East will damage consumers and the economy.

Why Wall St doesn’t care about inflation or oil

US share markets hit record highs on Friday even as global investors worry an inflation shock from the Middle East will damage consumers and the economy.

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The use of superannuation to quash or minimise capital gains tax is a popular strategy.

Use the system to cut your CGT burden AND top-up super

The use of superannuation to quash or minimise capital gains tax is a popular strategy, but few proponents spell out the many tricks and traps that you need to be aware of.

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Australia’s next federal budget will play out against the backdrop of looming fuel shortages, recession fears and an escalating affordability crisis.

What we know about federal Budget so far

Australia’s next federal budget will play out against the backdrop of looming fuel shortages, recession fears and an escalating affordability crisis.

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Households already struggling with cost of living pressures face a critical two and a half weeks, with key data and a federal budget all set to hit hard.

‘No sugar coating it’: Weeks of tough news ahead for Aussies

Households already struggling with cost of living pressures face a critical two and a half weeks, with key data and a federal Budget all set to hit hard.

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Incoming Southern Cross Media Group chief executive Rohan Lund.

Southern Cross Media appoints new CEO

Southern Cross Media Group has appointed experienced media and telecommunications executive Rohan Lund as chief executive.

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It has been another volatile week as oil jumped and shares slumped.

Oil up, shares down in volatile week as Trump fatigue hits

The worries around the energy supply shock stoking inflation and the cost of living sent the S&P/ASX 200 down 1.7 per cent over the week.

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The Greens-led Senate inquiry has been examining whether the sector is paying enough for the natural resources and has already heard vociferous pushback from energy giants.

Push for supersized gas tax set to be shelved

The Federal Government is likely to knock back calls for a supersized gas tax that it believes would alienate trading partners at a time of heightened global energy volatility.

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