Business

Harsher interest rate hikes in 2022 and 2023 would have cut inflation sooner but at the cost of more than 100,000 jobs, the Reserve Bank has revealed.

The market’s energy sector cushioned losses elsewhere, storming 5.5 per cent higher as the spot price of Brent crude oil leapt to as high as $US82.37 a barrel.

Australia’s gold mining majors collectively gained about $7 billion on Monday as the US-Israel war on Iran gives the precious metal yet another price boost.

Prices will surge in the short run — and may stay high for a while.

The US strike on Iran could revive an inflation nightmare in Australia. Those relying on their car could soon by paying $2.40 a litre, adding $22 to a weekly fill.

YOUR MONEY: A Taxation Office ruling should send a shiver down the spine of anyone who owns a holiday home, claims hefty deductions but, conveniently, only rents it out at certain times.

YOUR MONEY: Financial literacy isn’t just about numbers. It’s about building skills that will shape your child’s decisions. And the good news? You don’t need to be an expert to teach these simple lessons.

YOUR MONEY: Self-managed superannuation fund members (and their advisers) have been warned the taxman is coming to weed out bad behaviour, including illegal loans and early access to savings.

Share markets whipsawed on Monday in response to the US attack on Iran. There are the stocks copping the biggest sell-off.

Worries that a rising oil price will push global inflation higher are in focus, ahead of what’s expected to be a volatile day on the S&P/ASX 200.

The Trump administration has placed AI firm Anthropic on a far-reaching national security blacklist, effective immediately.

‘I can’t think of another place on the planet that would make this mistake.’

Warner Bros Discovery has agreed to a $A155 billion takeover deal by Paramount Skydance.

There’s only one broad labour market group that can afford the typical $1 million house. Here’s why the housing crisis could spark something else underground.

Analysts highlighted an exceptionally volatile profit reporting season on worries about the impact of AI, as traditional miners and banks favoured by older generations jumped higher.