'We're going to win this race,' says Biden
Joe Biden all but claimed victory in the 2020 presidential race, declaring he has won a thumping mandate to bring the country together in order to address urgent crises including the alarming acceleration in US COVID-19 cases.
Trump's chief of staff diagnosed with COVID-19
Mark Meadows' diagnosis means the virus has broken out in the White House for the second time, as the nation sets daily records for new cases.
'We're going to win this race', says Biden as count grinds on
Joe Biden all but claimed victory in the 2020 presidential race, declaring he has won a thumping mandate to bring the country together in order to address urgent crises including the alarming acceleration in US COVID-19 cases.
How to read the forces shaping markets
As a new US president is decided, QE starts in Australia and COVID-19 gets worse in the northern hemisphere, professional investors outline the options.
Four election fraud rumours - and why they are bogus
Ballot box stuffing, election workers filling out ballots instead of counting them, and a vanload of votes. False and misleading claims about the US election are being circulated online. Here's why they are fake news.
'You will pay': Beijing ups threat to Australia
The fallout between Australia and China is escalating – Beijing has accused Canberra of behaving like America’s 'roughneck'.
Fears grow over mutated COVID-19 strain in Danish mink
The UK has banned travellers from Denmark amid fears of a mutated strain in minks; High Court rejects Victorian lockdown challenge; Victoria goes a week with zero cases as NSW records four. Follow live updates here.
AMERICA VOTES
- Analysis
- US votes 2020
Biden still stands on the brink
With every minute it looks as though Biden will become the 46th president-elect of the United States. For Trump, it’s a huge moment. One that he admits himself he’s not mentally equipped to handle given his claimed hatred of losing.
Win or lose, Trump will remain a powerful force
Losing will be intolerable for Donald Trump who is almost surely to remain a powerful and disruptive force in American life after winning 48 per cent of the vote despite four years of scandal.
Biden on the cusp, but only if Trump agrees with reality
Joe Biden has all but claimed the US presidency, relentlessly eating into Donald Trump's early lead in two key swing states as the president lashed out with unfounded allegations of widespread "illegal" voting.
Trump's mixed message: Stop the count or keep counting?
The drawn-out ballot counts present some tough maths and a messy public relations problem for the president.
- Opinion
- Australian economy
Endgame in America lays bare our strategic position
Drama in Washington, menace from Beijing, and warnings from the RBA and Treasury show how narrow our options are, writes Laura Tingle.
Companies
AGM season steadies outlook for stronger 2021
Corporate Australia is back on its feet and annual meeting season has struck a positive note with the market.
- Updated
- Investment banking
Things can change really quickly, warns Macquarie CEO
The group believes a situation where house prices tumble 20 per cent and unemployment rises to 9.5 per cent is still a possibility.
'Employee payouts are private': IFM chief to Liberal MP Tim Wilson
IFM Investors has refused to tell a parliamentary inquiry how much an employee accused of sexual harassment was paid out when they left the business.
Treasury Wines wrestles $4b China problem
The Penfolds producer had a partial recovery in its share price as some investors bet that all the bad news on China had already been factored in.
'Will there be any honey for me?'
The boss of Melbourne cleaning group Transclean maintains he was not involved in any illegal activities as hearings into alleged corruption wrapped up.
These travel bubbles look promising
Dust off the passport. As Australian borders open up, international travel is once again becoming a real prospect but only to a select few destinations.
Batteries steal market from gas power
Storage is already capturing part of the market typically held by gas power stations, as shown with Neoen's huge Geelong battery, but that isn't the only challenge for gas power.
Markets
Biden win, split Congress a welcome result for markets
A Biden presidency and gridlocked Congress could well provide a Goldilocks environment for markets.
ASX rallies to best week in four after US election, QE
The Australian sharemarket posted its best week in four as investors cheered the US election and the Reserve Bank's first foray into quantitative easing.
AGM season steadies outlook for stronger 2021
Corporate Australia is back on its feet and annual meeting season has struck a positive note with the market.
Household spending has bounced back fast
The RBA raised its forecast for household consumption to 13 per cent growth for June 2021 in Friday's quarterly statement of monetary policy, overtaking its forecast of 8 per cent made only three months ago.
- Analysis
- Monetary policy
Inside the RBA governor's change of heart on QE
The Reserve Bank's dramatic move into 'quantitative easing' this week might have seemed out of character for the cautious Philip Lowe. But it has been eight years in the making.
Opinion
What happened to the America of 1980?
When Ronald Reagan moved into the White House, the sense of national energy and self-belief across the US was so palpable you could almost taste it.
Senior writer
American democracy must now start healing itself
The United States is a sometimes unruly and deeply divided democracy. But it's also democracy that makes it attractive and unbeatable.
Editorial
Trump can't just lose, he has to quit
Elections aren’t truly over until a loser concedes. And democracies aren’t truly democracies until executive authority is transferred by – or from – a losing incumbent.
Contributor
Housing bears run scared, RBA steps up
Australian housing has registered its first national capital gain since the pandemic started, while the RBA is helping to lift the country out of recession.
Columnist
Endgame in America lays bare our strategic position
Drama in Washington, menace from Beijing, and warnings from the RBA and Treasury show how narrow our options are, writes Laura Tingle.
Columnist
Don't expect too much from a Biden presidency
America’s friends should be cautious in their expectations of a Biden presidency. US voters did not rush to the polls demanding the president expend more blood and treasure restoring the US as the world’s policeman.
Contributor
Politics
Australian exporters brace for China ban, eye new markets
Two traders in Shanghai said they were told by Customs officials that their orders for Australian wine and other goods would not be cleared.
Inquiry recommends home quarantine for returned travellers
Victoria's revamped overseas traveller quarantine program should allow arrivals to isolate at both hotels and in their homes, an interim report handed down by the inquiry into the original botched scheme says.
- Analysis
- Monetary policy
Inside the RBA governor's change of heart on QE
The Reserve Bank's dramatic move into 'quantitative easing' this week might have seemed out of character for the cautious Philip Lowe. But it has been eight years in the making.
'Employee payouts are private': IFM chief to Liberal MP Tim Wilson
IFM Investors has refused to tell a parliamentary inquiry how much an employee accused of sexual harassment was paid out when they left the business.
'Fragile situation': Can Australia keep COVID-19 at bay?
The nation has successfully controlled the pandemic down to a level of almost no community transmission but can we keep it up until there is a vaccine?
SPONSORED
World
Operation Moonshot: How Europe hopes to break the lockdown cycle
As the number of COVID-19 cases mount in Britain and across Europe, governments are praying for a vaccine and trialling large-scale testing to get through the crisis.
Win or lose, Trump will remain a powerful force
Losing will be intolerable for Donald Trump who is almost surely to remain a powerful and disruptive force in American life after winning 48 per cent of the vote despite four years of scandal.
Why this man left Goldman Sachs to head a business in Myanmar
Here's how Melvyn Pun's investment strategy has reaped profits from 'one of the fastest growing countries in the world'.
Europe to pay painful price for second lockdowns
A $1.2tn EU recovery fund is yet to ride to the rescue, as European economies face at least a two-year journey back to pre-pandemic levels.
- Analysis
- US votes 2020
Darkness falls on American democracy
It could get very dark for American democracy in the coming weeks. Think clashes on the streets, violent threats to legislators and officials, perhaps even talk of the union breaking apart.
Property
Record low interest rates give house hunters a confidence boost
The latest move by the RBA to cut the official cash rate to just 0.1 per cent this week is expected to further stimulate the property market, with house hunters given a psychological boost.
The eastern suburbs where house prices are rising most
Home values in the coveted area have reached a record high overall, but a few unexpected neighbourhoods have been driving the trend.
Vicinity's rent collection flatlines in September
The mall operator took received just 56 per cent of rental billings from tenants in the third quarter, but there are signs of improvement.
Phoenix flies to top national architecture award
The country's most prestigious design awards couldn't avoid the disruption of 2020. But they show the importance of buildings giving back to a community.
Goodman primed for earnings upgrade on e-commerce boom
With JP Morgan expecting full-year earnings per share growth close to 12 per cent, Goodman is on track to upgrade its guidance at the half-year mark.
Wealth
Meet the Millennial smashing his dad at share trading
What started as a hobby for 31-year-old Tom Lowe, quickly became a friendly stockpicking competition with his dad.
- Opinion
- SMSFs
SMSF trustee guide to navigating way through pandemic
With COVID-19 having moved the goalposts even more dramatically than the GFC, failure to keep up with the changes will be costly.
- Opinion
- Superannuation
How in-house investments unravelled Dixon
John Wasiliev looks at what went wrong at Dixon Advisory and what happens next.
Technology
- Opinion
- Video games
The Xbox Series X is the most powerful console ever – with a catch
Two new gaming units from Microsoft, set to debut on November 10, feature impressive technical advancements but few games to showcase their power.
Why the flying car revolution is finally all set to take off
In the UK, one man is using a different strategy that he hopes will allow Britain to become the market leader in the industry that has been tipped to be worth $US2.9 trillion by 2040.
China halts world's biggest IPO, questions Jack Ma
China shocked global financial markets by halting the world's biggest IPO and calling in Alibaba founder Jack Ma for questioning by financial regulators.
Work & Careers
CFMEU political influence at risk over loss of 'ferocious' advocate
Union leader Michael O'Connor, who has resigned, faced several no-confidence motions at national executive meetings and has been battling a poaching war led by John Setka.
60 Minutes pioneer Gerald Stone dies
Stone created a news and current affairs juggernaut that supercharged Nine's ratings and profits and changed the way we watch television.
Life & Luxury
Adam Brand and Wolfe Brothers get back to the land
Whether it's gold prospecting or berry farming, Adam Brand and The Wolfe Brothers have been putting the 'country' back into 'country music artist' during their enforced break from touring.
Canberra shows off its mid-century design cred
This year's Design Canberra Festival includes tours of key mid-century buildings led by architect Michael Dysart and artists opening their studios to the public.
You're never too old to divorce
At the age of 89, author Fay Weldon surprised everyone when she announced the end of her marriage.
Bond meets Batmobile in 'cartoon' Aston
With its bulging flanks, flared nostrils and massive wheels it may look almost like a cartoon Aston, but it's powerful and more practical than many exotics.
Prestige jewellers go large with shape-shifting creations
If you're going to fork out a king's ransom for a tiara, you may as well choose ones with the technical wizardry to transform into three.
