Business

Twentysomethings are flocking to apply for credit cards, leading to a surge in credit card arrears. (Stephanie Flack/AAP PHOTOS)

Aussies tapping more credit as arrears value swells

Mortgage and credit card applications are surging and so are their associated debts, which could be bad news for borrowers as the RBA eyes further rate rises.

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Job seekers say one of the benefits of AI is it can help people make ideas flow better and fill in blanks they may struggle with. But some employers say they’d much rather see the person as they are.

Your AI resume isn’t fooling anyone

Job seekers say one of the benefits of AI is it can help people make ideas flow better and fill in blanks they may struggle with. But some employers say they’d much rather see the person as they are.

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Seniors sticking with the big four will be missing out on hundreds of dollars in extra income.

Where savers can find the best returns as rates rise

Many borrowers are wringing their hands at the interest rates increase, but risk-averse investors will be celebrating a hike in deposit rates. Here’s why sticking with the big four could cost them big time.

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Austal is happy to recognise more than $100m on cost overruns on two US Navy projects at its US shipyard but Deloitte is awaiting confirmation from the US Navy.

Auditor reservations over Austal accounts

Austal is happy to recognise more than $100m on cost overruns on two US Navy projects at its US shipyard but Deloitte is awaiting confirmation from the US Navy.

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A Labor senator has been forced to defend the existing capital gains tax discount on investment properties in a sign Treasurer Jim Chalmers faces a caucus revolt ahead of the May Budget.

Labor MP forced to defend capital gains tax discount

A Labor senator has been forced to defend the existing capital gains tax discount on investment properties in a sign Treasurer Jim Chalmers faces a caucus revolt ahead of the May Budget.

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Kogan.com founder and chief executive Ruslan Kogan and chief operating officer David Shafer have enlisted the help of AI.

Kogan chief rolls out AI to deliver results spiel

Kogan.com founder and chief executive Ruslan Kogan has once again enlisted the help of artificial intelligence to deliver his half-year results presentation to analysts.

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BHP shares have sured.

Investors pile into banks and miners, driving BHP record

Share market investors are buying miners to profit from rising commodity prices and escape selling in technology stocks linked to AI disruption.

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It’s long been a contentious topic between the generations. Who had it worse when it comes to property? Boomers talk of 17 per cent interest rates. But here’s why Mum and Dad didn’t have it so bad after all. 

Yes boomer, buying a home now is much harder than in the 90s

YOUR MONEY: It’s long been a contentious topic between generations. Who had it worse with property? Boomers talk of 17 per cent interest rates. But here’s why Mum and Dad didn’t have it so bad after all.

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THE ECONOMIST: There has been no shortage of geopolitical drama this year, but little sign of it in market trajectories.

Markets are churning furiously beneath a calm surface

THE ECONOMIST: There has been no shortage of geopolitical drama this year, but little sign of it in market trajectories.

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The move to normalise deeming rates was a political decision made last year.

Deeming rate changes set to wipe out many part pensions

YOUR MONEY: A lift in deposit rates coupled with the ‘normalisation’ of Centrelink deeming rates will spell bad news for thousands of income-tested part-pensioners and Seniors Health Card holders.

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West Australians have hit pause on shopping to prioritise travel in January.

West Aussies hit pause on shopping to prioritise travel

YOUR MONEY: West Australians have hit pause on their shopping following a bumper Christmas sales period and opted for travel during the January summer break.

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Beloved Australian hardware giant Bunnings will be available on the Uber Eats delivery service for the first time.

Big change coming for Bunnings customers

Australia’s favourite hardware giant Bunnings is set to unveil a massive program that will change their customers’ shopping habits.

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US President Donald Trump is not giving up on his trade tariffs despite a US Supreme Court ruling.

Trump to tax-max, raise global tariffs from 10 to 15pc

The US president is finding alternative paths to imposing ‘legally permissible’ tariffs after his supreme court loss.

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Seven West Media chair Kerry Stokes.

Stokes pays tribute to staff as he steps down from board

Media mogul Kerry Stokes has paid tribute to gifted and talented colleagues and the Seven Network’s innovative content as he steps down as chair of the company’s board.

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