Business

The threat of rising interest rates will have an upside for hopeful holiday-makers after the Australian Dollar soared to a three-year high above US 70 cents.

Chief executive Oleg Vornik said he sold shares in the business to pay an enormous tax bill as one hedge fund still bets against his drone business.

Apartment prices are soaring by double-digit figures as first-home buyers locked out of buying a house look for another way to get into the market under the Federal Government’s 5 per cent deposit scheme.

Myer claims it is simplifying middle management by cutting senior positions at the portfolio of clothing brands it acquired from Solomon Lew’s Premier Investments.

Mortgage holders are being told to brace for at least four rate hikes during the coming year with the Reserve Bank expecting inflation to remain a problem into 2028.

The US Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.

The inflation genie has escaped again, prompting experts to warn households face thousands more in costs and interest rate hikes.

Spending blow-outs by the Government will force the Reserve Bank to hike rates, critics say, but the Treasurer argues the private sector is driving inflation.

THE NEW YORK TIMES: TikTok said on Tuesday that its app was facing technical problems after users accused the service of suppressing posts related to ICE following the shooting of Alex Pretti in Minneapolis.

Australia’s big two supermarkets have been dreading Amazon’s expansion into fresh groceries. It’s now eventuated.

The Opposition claimed large payments to the states and other unexplained expenses weren’t disclosed before last year’s election.

Frustrated customers of a big four bank have reported a major internet banking outage, affecting their ability to access their cash.

An influx of cricket tourists contributed to an inflation breakout that could cost average home borrowers almost $2000 this year.

CNBC’s Investment Committee debate how important the next few days are for the rally as Mega Cap earnings, the Fed Decision and a potential government shutdown hang over stocks.

The Stokes family has no intention of selling its media ownership interests according to sources, despite news reports to the contrary.