Telstra has announced plans to axe another 650 jobs just eight months after cutting 550 roles, with work being outsourced to India.
Blair Jackson
As the number and value of new mortgages rockets upward, new data highlights the “fiercely competitive” truth behind the housing market.
Commonwealth Bank boss Matt Comyn says 87 per cent of its home loan customers are ahead on their repayments.
Derek Rose
Reserve Bank deputy boss Andrew Hauser says it will do ‘whatever is necessary’ to slow inflation and declared raising productivity Australia’s most urgent economic priority.
Matt Mckenzie
Commonwealth Bank of Australia’s first-half profit topped estimates, buoyed by growth in its flagship mortgage business and a push in lending more to companies.
Sean Smith and Daniel Newell
Australian insurance giants have suffered their worst day in months as AI disruption fears triggered by a US app launch wiped sparked sharp sell offs.
Softer labour market data and consumer confidence levels reveal an economy coming back towards balance and not in need of major monetary tightening.
Jacob Shteyman
The ASX-listed company, Australia’s biggest for-profit childcare operator with 400 centres, said the $350m impairment charge against goodwill reflected “challenging” trading conditions.
Sean Smith
The Australian sharemarket has rebounded for its biggest gains since Donald Trump’s ‘liberation day’ tariff announcements.
Household spending unexpectedly declined in December, with the outlook for the year ahead gloomy after the Reserve Bank of Australia hiked interest rates last week.
Cheyanne Enciso
Trading on the ASX has opened with a roaring start after a rebound on Wall Street overnight.
Joseph Olbrycht-Palmer
Public infrastructure projects across the country have blown out by a whopping $130 billion as fresh analysis by Deloitte warns of mounting pressure on state budgets.
A big rise in highly-paid bureaucrats is helping drive the expansion of WA’s public sector pay.
Fresh data will reveal whether the strong momentum in private spending, which spurred the Reserve Bank to lift interest rates, has continued into 2026.
Australia’s housing market is starting to cool on fears interest rates might remain higher for longer.
Cameron Micallef
The troubled renovation of the Reserve Bank’s Sydney headquarters could last years, as asbestos forces the effective demolition of the building.
Reserve Bank of Australia Governor Michele Bullock has told MPs government spending is pushing up inflation by adding to demand for goods and services. She contradicted Treasurer Jim Chalmers.
Stephen Johnson
RBA governor Michele Bullock has issued a stark warning to mortgage holders, as she was peppered with questions on federal government spending and inflation.
Australia’s largest banks have announced new savings rates following Tuesday’s RBA interest rate hike.
A hardware giant has been found "entitled" to use facial recognition technology to combat retail crime and protect staff and customers.
Callum Godde and Allanah Sciberras
The owner of Australian menswear brands Tarocash and Connor has become the latest retailer to call out softening sales during the crucial Christmas trading period, warning it has extended into the new year.
Aussie borrowers have been told to brace for another interest rate hike as soon as May with a flurry of experts warning the Reserve Bank will take an aggressive approach to stopping inflation.
Aussies face a $12,000 hit to their homebuying power after the RBA raised rates and the banks followed suit.
Joanne Williamson
The Liberals have launched fiery attacks on Labor’s public spending following the RBA’s rate hike but have failed to answer one big question.
Ria Pandey and Cameron Micallef
