Business

Super changes early in your working life could result in massive gains come retirement. (James Ross/AAP PHOTOS)

The one tweak that could grow your super by $200,000

A major superannuation fund says a lack of engagement with your super fund can have huge financial consequences come retirement time.

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Warner Bros Discovery’s board says a Paramount offer poses ‘numerous, significant risks’.

Warner Bros rejects rival bid from Paramount

A Paramount bid for Warner Bros Discovery lacks adequate financing assurances, the Warner Bros board says.

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Outgoing Woodside Energy CEO Meg O'Neill.

Woodside CEO Meg O’Neill announces shock resignation

Woodside Energy chief executive Meg O’Neill has quit Australia’s biggest oil and gas group in major career move.

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YouTube will retain global rights to stream the Oscars online from 2029 through to 2033. (AP PHOTO)

Oscars to move to free streaming on YouTube in 2029

The Academy of Motion Picture Arts and Sciences has announced the Oscars will quit its links with a US broadcaster and move to YouTube in 2029.

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Illegal tobacco will cost the Budget $1.6 billion in lost excise.

Labor is ignoring the easy fix to its $1.6b Budget problem

Illegal tobacco is crippling the Federal Budget, while Jim Chalmers’ claims about good economic management are hazy as economists warn of rate hikes.

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David Jones’ Castle Towers and Tuggerah stores will close for good in January.

Customers divided after David Jones suddenly closes stores

Upscale department store David Jones has announced the sudden permanent closure of two key stores.

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Lobby groups say the court’s ruling overturns “reasonable” Fair Work Commission limits.

Court hands unions even more power on mine sites

Mining and energy groups say a Federal Court ruling on union delegates will create a two-tiered workplace class — those who ‘actually work’ and those who do ‘whatever they please’.

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The RBA is uncomfortable about inflation, governor Michele Bullock says, dashing homeowners' hopes.

Big bank dumps hopes of rate cuts in 2026

Westpac has ditched hopes for two interest rate cuts in 2026 and now expects the Reserve Bank to remain on hold through the new year.

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Government spending is set to increase, despite the fact it’s at a four-decade high outside of COVID.

Budget update shows Labor splurge to surge past 40-year high

Treasurer Jim Chalmers’ update reveals more growth in Federal Government spending despite expenditure already hitting its highest level in four-decades, outside of COVID.

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The investors who predicted past bubbles say the AI boom may still run.

Where prominent short-sellers are placing their bets

THE ECONOMIST: Uneasy investors who predicted past bubbles say the AI boom may still run.

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New TWE boss Sam Fischer.

Treasury’s $100m cost-out plan amid downturn in US, China

New Treasury Wine Estates boss Sam Fischer has his hands full executing a turnaround for the struggling winemaker, which has announced an overhaul program targeting $100m in savings amid weakening demand.

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Hackers have stolen the private information of Pornhub customers and are now threatening to expose them unless a ransom is paid. 

Pornhub users information hacked, ransom demands begin

Pornhub users have been urged to remain vigilant after hackers stole the private information of some of the sex site’s customers and threatened to expose them unless a ransom is paid. 

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 Federal Treasurer Jim Chalmers.

Chalmers to post $36.8b deficit amid spending cuts

Treasurer Jim Chalmers will on Wednesday unveil a slightly smaller than anticipated Budget deficit in a mid-year update expected to feature major spending cuts and rising revenue.

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RBA governor Michele Bullock put hikes back on the table thanks to an uncomfortable bout of inflation.

‘Renewed angst’: Confidence slumps as rate cut hopes fade

Australian consumer sentiment slumped in December as households brace for higher-for-longer interest rates and hopes of further mortgage relief fade.

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It’s a major call for the lender, which has since the pandemic largely had softer forecasts on interest rates than most other observers.

Big banks make shock call for Aussie borrowers in new year

These two financial giants forecast the Reserve Bank will need to act soon as the national economy performs better than expected.

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