APRA scraps 7pc home loan buffer
The Australian Prudential Regulation Authority has written to banks proposing the 7 per cent serviceability buffer on home loans be removed, in good news for borrowers and the property market.
First promise broken? Tax cuts face delay
Taxpayers face a longer wait than promised for their income tax cuts after the prime minister admitted the election was called too late to recall parliament in time to get the changes passed before June 30.
Inside the team that lost it for Labor
Bill Shorten and his campaign team had been riding high right to election night. How did it all fall apart? Pamela Williams has the inside story.
- Live
- Markets Live
Tech stocks on edge after Nasdaq fall
The S&P/ASX 200 will struggle to hold onto yesterday's 11-year high, with negative leads and futures.
'Self-gratification' of online shoppers risks jobs
Logistics group Toll will have got rid of 3,000 jobs by September as it slashes costs to stay profitable.
Chris Bowen to run for Labor leadership
The shadow treasurer will announce his intention to stand against frontrunner Anthony Albanese despite being bruised by Labor's shock election loss.
- Opinion
- Federal election
Australia’s PM should push for deeper reforms, says FT
'Mr Morrison should be willing to commit to difficult but sweeping reforms which will benefit Australia in the long term', says the Financial Times in its editorial on the election result.
election FALLOUT
Pollsters accused of fudging survey results
The odds of 20 opinion polls in a row correctly showing Labor ahead is one in 500, suggesting pollsters adjusted their own figures.
Chalmers to slug it out against Albanese for Labor leadership
Labor deputy leader Tanya Plibersek has pulled out of the race to become Opposition leader, leaving Anthony Albanese as the frontrunner.
A nation divided by age
Seats with a higher proportion of older voters likely to suffer from Labor's franking credits policy had higher swings against the party, results show.
Unions grapple with loss of working-class vote
Unions say Labor's election loss is "problematic" for the labour movement following analysis showing lower socio-economic voters sided with the Coalition.
Palmer and Hanson hand Queensland to Coalition
Queensland has been transformed into a stronghold state for the Coalition after right-wing preferences helped the LNP hold a string of seats.
Business
Behind the spectacular demise of Blue Sky
In April 2018, Blue Sky had $100 million of cash and minimal debt but a horror year later, it was at the mercy of a ruthless creditor.
NAB beats Westpac to Apple Pay punch
Developed by the global tech giant Apple, Apple Pay has long been a blind spot for the major banks despite consumer demands
Spaceship on the lookout for new CEO
The CEO of Millennial-targeting super fund Spaceship will step down after the super fund failed to get its own licence to run a super fund.
BHP raises electric vehicle forecasts
BHP now believes electric vehicles will comprise at least 7 per cent of the world's light vehicle fleet in 2035; up from a minimum of 5 per cent.
Privatisation, asset sale loom for Blue Sky
What's the future for Blue Sky now that receivers have been appointed?
- Opinion
- Energy
Incitec ready to make call on Gibson Island's future
The fate of the fertilizer plant near Brisbane looms as another flashpoint in the politics of Australian energy.
Gas price cut required for Gibson Island survival
Future of the fertiliser plant on Brisbane's outskirts should be resolved in the "very short term".
Markets
Magellan backs Microsoft and Apple to keep running
Tech stock valuations might have run hard, but fundies are sticking with big names including Microsoft, Apple and Carsales.
With Huawei ban, China slips further behind an Iron Curtain
Beijing isolates one-fifth of the world's population. If this is a new technological Cold War, Trump's Huawei order marks the start of a digital Iron Curtain.
What happened in markets before the bell
Broad selling in the tech sector in Europe and New York dragged Wall Street lower.
SEC again postpones decision on a bitcoin ETF
The top US securities regulator asked for additional comments on a plan by Cboe to list an ETF from VanEck Associates and SolidX Partners.
Tesla facing 'code-red situation': Wedbush
Tesla's shares have dropped in nine of the last 10 trading days, and a once-bullish analyst sees a "Kilimanjaro-like uphill climb" ahead.
Opinion
Tell em they're dreamin' on energy
Business might be calling for more bi-partisanship on energy policy. They may as well save their breath.
Columnist
Born-again PM must now draw up an agenda
Voters rejected Labor's overreach. But the Coalition's small target government will not do either.
Editorial
Economic double-shot could help ScoMo
Prime Minister Scott Morrison's new government might be able to keep ahead of a global economic slowdown with two key changes in the next few months.
Columnist
Blue Sky's debt and disclosure time bomb
Blue Sky's deliberately opaque model should have been a warning sign to investors lured by its big returns.
Columnist
Politics
- Opinion
- Federal election
ScoMo's first job: dealing with a downturn
The government has a mandate to keep the current inefficient tax system in place, but raising revenue will be made harder by a slowing economy.
- Opinion
- Federal election
New PM must reconcile Australia's economic divide
Morrison’s endearingly old style of campaigning has secured him the prime ministership at a time when a new kind of government is needed.
Training sector begs to get back in the education ministry
The sector was split off education last August and has suffered since.
'Of course' Labor must back coal jobs, Fitzgibbon says
Federal Labor frontbencher Joel Fitzgibbon said the party needs to embrace the coal industry and the jobs it creates if it wants to enjoy electorate success.
Hallelujah: Brokers rejoice over Coalition win
Mortgage brokers win a reprieve after controversial policy to scuttle upfront and trailing commission is defeated.
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World
US eases some restrictions on Huawei to keep networks operating
The Commerce Department will allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing handsets.
Judge denies Trump bid to stop subpoenas
The President's bid to stop subpoenas into his finances is stymied as he says he doesn't 'need' Deutsche Bank's 'money' despite getting $US2 billion in loans.
China slips further behind an Iron Curtain
Beijing isolates one-fifth of the world's population. If this is a new technological Cold War, Trump's Huawei order marks the start of a digital Iron Curtain.
Ford axes 10pc of workforce
The American carmaker aims to save $US600 million a year by sacking 7000 white-collar workers as it converts more away from petrol-guzzling vehicles.
Google seeks to downplay fears over Huawei ban
Google has told Huawei customers that existing smartphones will continue to run the Android operating system and Google apps, but is silent on the long term ban.
Real Estate
We need a dedicated Federal housing minister
"Housing has a multiplier effect on many goods and services sectors and is a big driver of GDP" - Nigel Satterley
Stockland shares surge on Coalition victory
Securities in Stockland the country's largest residential developer, ended the day up 4.9 percent at $4.12 in contrast to flat A-REIT sector
Victoria car park owners fear tax hit as stamp duty declines
Housing market declines have state government looking for new sources of revenue.
'This takes me back to the days of 2016, the boom market'
A Strathfield home did well to get $2.2 million at auction. Then a second round of bidding pushed it up $200k. A year ago, it would've gone for $2.7 million.
Charter Hall hitches trolley to supermarkets
Charter Hall chief David Harrison says grocery giants are at the heart of two of its key strategies.
Personal Finance
Grey army cheers the end of 'vindictive' franking plan
Self-funded retirees say they are relieved income from franking credit refunds are no longer in danger following Labor's election failure.
Smaller lenders slice property rates to stay competitive
A combined $1.3 billion in value has been added to the country's two listed private health insurers after the removal of a threat to cap premium rises.
Smaller lenders slice property rates to stay competitive
Lenders are expected to improve incentives and rates in expectation of the promised first home-buyer guarantee scheme and a reprieve for negative gearing concessions.
Technology
- Opinion
- Review
Size matters ... when it comes to 8K TVs that is
TV makers such as Samsung, LG and Sony are all touting 8K TVs as the thing to buy in 2019 if you're after a big, expensive TV. And they mean big.
- Exclusive
- Federal election
Tech Minister promises doubtful sector it will back companies to grow
Industry, Science and Technology Minister Karen Andrews says tech companies are central to the government's plans to ensure strong employment into the future.
- Opinion
- Web culture
Governments must be wary of big tech's PR game
Facebook et al had a huge PR win last week when NZ PM Jacinda Ardern's Christchurch Call let them pretend they can be left alone to fix their own problems.
Leadership
Accountants claim victory in battle over Labor tax policies
Accountants expressed relief that the election result means the demise of Labor policies they viewed as unfair and regressive.
How voters could have googled the results
The Google experts claim Scott Morrison's "miracle" victory can be added to Trump's 2016 shock win and Brexit for proving data analytics work better than polls.
Lifestyle
CEO professor sets his sights on the perfect planche
It’s satisfying to be able to control his body in a way few others can, says Q-CTRL founder and calisthenics fan Michael Biercuk. He answers our Time Out Q&A.
- Opinion
- Gadgets
9 things I realised after giving Apple products up for one week
I've been loyal to Apple for 12 years but used other company’s products for a week to see how I’d manage.
Rihanna fashions a new chapter in luxury with LVMH
The Barbadian star will become the first woman to create an original brand for the conglomerate and the first woman of colour to head one of its maisons.
Kate Miller-Heidke finishes ninth in Eurovision
Kate Miller-Heidke has clinched ninth place for Australia in the Eurovision grand final with a "joyous" performance that left some predicting she would be crowned winner.
- Opinion
- Eurovision
Silly music and serious politics? Or vice versa?
Europe's kitschy karaoke-fest looks like harmless, ironic self-parody. But is there a troubled geopolitical underbelly?
