News

Coalition dilemma on Labor’s cuts

The Australian share market has dropped 1.2 per cent after Federal Reserve chairman Jay Powell said a March rate cut was unlikely.

Belmont-based Paradigm Engineers will be acquired by Mipac, a wholly owned subsidiary of GR Engineering Services, for $9 million.

Denholm lashed over Musk riches

The ASX200 has closed at a new record high, boosted by cooler-than-expected inflation data that raises the chances of quicker rate hikes.

Half of the nation's high-income earners back Labor's proposed tax changes as analysis shows most of the benefits will still flow to the rich.

CEOs urge talks to end tax ‘malaise’

For a second time this month, the local share market came close to eclipsing its record high set back in mid-2021 but most of its gains faded in the afternoon.

Consumers are shifting their spending habits ahead of Christmas to lean into discounting over the cyber weekend sale period.

Don’t risk Future Fund on ‘pet projects’

The local share market rose 0.3 per cent to a nearly four-week peak and closed just 54 points away from its all-time high.

Anthony Albanese has challenged the crossbench to back in changes to stage three tax cuts, ahead of a regional sales pitch of the proposed reforms.

Soccer chief’s firm in $70m probe

The Australian share market has climbed half a per cent as surging mining companies helped the index to its fifth successive day of gains.

Harder, faster: Williams’ lessons for ABC

The local share market has finished flat after resurgent mining stocks cancelled widespread losses in other sectors.

Western Australian workers enjoy the third highest average weekly cash earnings in Australia, according to data released by Australian Bureau of Statistics on Wednesday.

Labor to break tax cut promise

The local bourse has climbed for its third consecutive session to finish half a per cent higher after more gains on Wall Street overnight.

Former prime minister Scott Morrison has announced his resignation from politics after 16 years in parliament, to take up roles in the private and global advisory sectors.

Anthony Albanese has promised middle Australia will be the focus of cost of living support, as speculation mounts on changes to stage three tax cuts.

Miners call for critical minerals aid

The ASX200 climbed 0.8 per cent after US indices surged to record highs, despite falling lithium prices triggering a brutal sell off in mining stocks.

PM’s urgent reset to ease cost of living

The local share market closed the day up one per cent but also lost one per cent for the week after losses Monday through Thursday.

The Nasdaq has gained 1.35 per cent to 15,055.65 points, while the Dow Jones Industrial Average has risen 0.54 per cent to 37,468.61 points.

Burke emboldens MUA

The ASX200 has fallen 0.6 per cent as traders digested US retail sales data and a fall in Australian employment.

US retail sales beat expectations in December; S&P 500 -0.56 per cent, Nasdaq -0.59 per cent, Dow -0.25 per cent.

Export fear amid China slowdown 

The local share market has dropped another 0.3 per cent and the Australian dollar has fallen to less than 66 US cents after hawkish talk from central bankers.

Perth-based technology leader Kinetic IT has scored a three-year deal with the federal government, worth approximately $23 million.