The household spending crunch exacerbated by four rounds of interest rate rises this year — and the real risk of a fifth next week — is taking a toll on Wesfarmers’ biggest earner.
Daniel Newell
Woolworths has warned many Australians face a “tighter Christmas” as the supermarket giant revealed four in 10 customers struggle to make ends meet.
Cameron Micallef
The boss of the Australian Taxation Office admits he “jumped to conclusions” as sweeping changes to card payments were brought in, distressing thousands of small businesses.
Blair Jackson
The latest results from one of Australia’s biggest retailers has offered a grim prediction of what may lie ahead for the sector as it heads into the vital festive season trading period.
Anthony Albanese’s chief negotiator will meet with the biggest critics of a $10bn-a-year deal with the EU, after it failed to win over Australia’s own farmers.
Joseph Olbrycht-Palmer
Australia’s biggest banks are now all expecting a Melbourne Cup day rate hike following the worst inflation data since the start of the Iran war.
Stephen Johnson
The RBA’s top brass have used their time in front of a senate committee to make a surprising call on whether Australia will go into a recession.
All of Australia’s big four banks have updated their predictions about what the Reserve Bank will decide on rates next week and it’s not good news.
Inflation has surged to 4.3 per cent in the year to September, above expectations, as rising fuel and building material costs bite.
Matt Mckenzie
Price growth in market services - things like hairdressing and insurance - will give the Reserve Bank a sense of how sticky inflation is in Australia's economy.
Jacob Shteyman
Greens leader David Shoebridge is making a $22bn pitch to voters, as he seeks to “replace Labor”.
Key inflation figures to be released at 11.30am will give mortgage holders a clearer idea if there will be another rate hike on Melbourne Cup day.
The Coalition has revealed how it will pay for its ambitious plan to slash income taxes, claiming it will put more money back in workers’ pockets.
A major vegetable supplier has agreed to pay $12 million in fines for allegedly fixing its prices on nine separate occasions in produce sold to Aldi.
Tom Wark
The Reserve Bank of Australia is ‘not quite yet’ done fighting inflation, says assistant governor Sarah Hunter, signalling another rate hike is likely when policymakers meet early next month.
Nasteho Said
A top-ranking EU official has explained why a $10bn-a-year deal with Brussels is about far more than just scrapping tariffs.
The Coalition is taking steps to “protect” cash, warning that the Albanese government’s cash mandate has failed to do the job.
The country’s fuel security is under renewed scrutiny after an industry expert warned “Australians should be concerned”.
William Elliott
A big four bank has blamed the Albanese Government’s changes to credit card charges for its decision to jack up interest rates paid by Visa and Mastercard users.
Ben Harvey
Wholesale electricity prices have plunged year-on-year despite record winter demand, as fossil fuels are outpaced for the first time in years.
IKEA is spreading its wings further into the suburbs with a second small-format store offering planning and collection services.
The bank of mum and dad are being warned of the massive financial hole that falling house prices could put them in.
Treasurer Jim Chalmers has warned of softer economic growth and rising unemployment less than two weeks before a likely interest rate hike.
The bosses of mining giant BHP have faced questions over recent deaths at two mines and aired their beliefs the industry can be “fatality free”.
