Buffett bets on banks, but passive soars
While markets still stop to check what the world's biggest active investors do, new data shows the incredible growth of passive investing.
Unemployment rate steady at 5pc in October
The Australian economy added 32,800 jobs in October, maintaining the unemployment rate at 5 per cent, with the data sending the Australian dollar sharply higher.
Foreign fundies' baptism of fire in China 'casino'
Wu Jinglian, one of China's most influential pro-market economists, once described the country's stock markets as 'worse than a casino'. But more and more foreign fund managers are betting they can rake in winnings.
What the EU and UK have agreed
Running to more than 500 pages, the provisional Brexit treaty unwinds 45 years of deep integration, protecting certain rights, defining outstanding obligations and establishing a transition period.
Wesfarmers CEO hits back at Coles criticism
Wesfarmers CEO Rob Scott says suggestions Coles would not be able to pay franked dividends for up to two years after its demerger are "wrong".
Navitas' Horton faces no vote
CEO David Buckingham will tell the annual general meeting EBITDA forecast for continuing businesses in 2019 is between $145 million and $153 million.
Banks, miners push ASX into the red
Australian shares have dipped into the red through the middle of the day, despite a strong open, as the major banks and miner weigh the local sharemarket.
Revealed: EY's 45pc profit margins at ANZ
EY plans to turn ANZ Bank into one of the firm's biggest advisory clients in the region targeting billings of up to $US100 million over two years at a profit margin of 45 per cent.
Property crash calls overdone
Australia's third largest credit union is toughening up lending but has reported loan growth of 6 per cent so far in 2018-19.
Tracey Fellows exits REA for global News role
Tracey Fellows is stepping down as chief executive of News Corp majority-owned REA Group to take on the new role at the Murdoch-controlled media conglomerate.
GrainCorp profit withers
GrainCorp warned there would be almost no grain available for export from the east coast over the next 12 months.
Wesfarmers board faces grilling over Coles
The Wesfarmers board faces a feisty meeting over plans to retain a 15 per cent stake in Coles, load up the chain with debt and retain almost $1 billion of franking credits.
Trump smashes gaming stocks
Blame US President Donald Trump for the collapse in the share prices of Crown Resorts and Star Entertainment Group over the past three months.
Buffett's Berkshire buys $5.53b stake in JPMorgan
Warren Buffett's Berkshire Hathaway deepened its commitment to the US financial industry, announcing a $US4.02 billion ($5.53 billion) stake in JPMorgan Chase & Co.
Bitcoin tumbles through $US6000
Bitcoin fell to a more than one-year low, breaching a key support level of $US6000 and causing a wave of selling in the digital currency.
This trade war is serious: Stiglitz
Nobel Prize-winning economist Joseph Stiglitz says there is a greater than 50 per cent chance that the US enters into a trade war with China, and he is certain US workers will lose.
What happened in markets before the bell
Australian shares are set to open flat as late selling hit Wall Street as growth worries offset Brexit hopes.
Opinion
Trump smashes gaming stocks
Blame US President Donald Trump for the collapse in the share prices of Crown Resorts and Star Entertainment Group over the past three months.
Why Hayne is good news for lawyers
The legal profession is likely to be the big winner from the Hayne royal commission. The benefits to the public from this approach are less clear.
Boardroom implosion blindsides Central Petroleum
Central Petroleum was reduced to a constitutionally minimum board of just three after a pair of directors facing re-election abruptly resigned.
Time to end the embassy agony
Indonesia is too hasty in linking Australia's Middle East policy to a trade deal. But the embassy plan should be dumped forthwith anyway.
Morrison a 'turning point' in China ties
Chinese Premier Li Keqiang has told Scott Morrison his ascension to the leadership was an opportunity to repair relations with China.
Scott Morrison rejects Beijing's Cold War claims
Scott Morrison has rejected suggestions by Beijing that Australia is adopting a Cold War mentality and is trying to block China from exerting influence in the South-West Pacific.
India told to cop it sweet on sugar subsidies
Scott Morrison has urged his Indian counterpart Narendra Modi to rein in his government's generous sugar subsidies or be reported to the World Trade Organisation.
PM promises embassy decision by Christmas
Scott Morrison has promised Indonesia it will know by the end of the year whether Australia will relocate its Israeli embassy from Tel Aviv to Jerusalem.
Economy is Daniel Andrews' trump card
Victoria's economy is the strongest of any state in the nation, with the highest economic and wages growth, the second-lowest unemployment rate, and a bulging $80 billion pipeline of construction.
Brexit marks end of Britain's golden age of democracy
When Europe rejected the nation state it also rejected directly elected accountability.
Fox News supports CNN lawsuit v Trump
Fox News has joined CNN's lawsuit versus President Trump on the rights of a free press after a reporter's White House pass was revoked.
May gets cabinet approval for Brexit
Prime Minister Theresa May gets the backing of cabinet for her Brexit deal but many Tories say she has surrendered to Brussels.
Germany's economy contracts first time since 2015
Angela Merkel has more than politics to worry about as Germany's economy has contracted for the first time since 2015.
UK sets £2 maximum bet on pokie machines
The UK is slashing the maximum bet on pokie machines to £2, unlike Australia where a move to stop problem gamblers has gone nowhere.
Personal Finance
SMSF tips for Labor's franking credits proposal
Labor won't be taking away franking credits, just the refund of excess credits.
Common sense is not rational sense in strata bylaws
There's nothing common about having the good sense to follow a building's rules and bylaws.
Super stoush looming over default insurance cover
Labor wants workers in physically demanding jobs to continue to receive default insurance cover through their superannuation fund.
I went to Harvard. So can you
Jamie Beaton is 23. He runs a $200 million education company. He's at Oxford finishing a PhD, and simultaneously finishing an MBA with Stanford.
Guthrie goes a touch too far
By allowing viewers to infer that she was sexually harassed, former ABC managing director Michelle Guthrie might have gone too far.
Small business cheer $2b end to funding drought
Financiers are awaiting more details on what type of SME loans would be eligible for the Australian Office of Financial Management to buy from smaller banks and non-bank lenders.
Full employment is a fiction that hinders policy
A 5 per cent full employment figure, says the RBA, is fighting yesterday's war against wage inflation.
Lifestyle
Victoria's Secret has some surprising new rivals
Experts say the brand's inability to adapt to social changes is leaving room for competitors to flourish.
