Trump, backed by Rinehart, dispatches Haley in South Carolina
Trump thrashed his only remaining rival Republican presidential candidate in her home state, but the South Carolina native has vowed to fight on.
Sharemarket records to be tested by inflation pulse
The rate cut bets priced into sharemarket valuations are set to be tested by key inflation data this week and the mood at the Reserve Bank of New Zealand.
Marles rips into defence ‘culture’
Defence Minister Richard Marles has sharpened criticisms of his own department, arguing there are “issues of culture” which need challenging.
- Opinion
- University
The universities accord is like one giant déjà vu
The report has big ambitions. So did the 2008 Bradley review. They are not too dissimilar in scope and intent.
Bright, poor students guaranteed a uni spot
Aspiring university students whose families earn less than $54,000 a year will be guaranteed a place in a degree if they meet admission benchmarks.
Barnaby Joyce to be diagnosed with a sleep disorder on live TV
The former Nationals leader has insomnia and sleep apnoea; plus: former Oz editor Chris Dore’s first target; Tabcorp open to its own free-to-air TV channel.
Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
In his latest letter to shareholders, the legendary investor says there are only a handful of companies capable of moving the needle at Berkshire.
Breaking news on companies, politics and economics, in your inbox as it happens.
Series
Highflyer launch issue
Discover what the 1 per cent get up the front of the plane | The best airlines to fly to the US and Europe | How to pack like a flight attendant
SMART INVESTOR
- Opinion
- Bonds
Macquarie secures record demand for bonds
Investors are retreating from illiquid assets in favour of high-yielding bank bonds.
We’ve spent $40,000 on IVF. I want to continue, but my partner wants to stop
No one’s doing fertility treatment because they want it, says psychologist Narelle Dickinson, so make time for compassionate conversations and be honest.
How high earners can claw back lost stage three tax cuts
Experts explain how to reclaim lost stage three tax cuts via extra superannuation contributions.
- Opinion
- Super Q&A
How to reduce tax on real estate profits in an SMSF
Carefully consider the tax implications of transferring real estate from an SMSF into your own name.
- Opinion
- SMSFs
Proof that SMSFs outperform when markets tank
SMSFs beat regular funds by 4.1 percentage points in the 2021-22 financial year.
WEEKEND READS
Lendlease’s epic slide started more than a quarter-century ago
After many false starts, the once-venerable property group’s latest chief faces an uphill task convincing investors he can turn around the troubled business.
- Analysis
- Income tax
Divorce, trusts and negative gearing: the price of high taxes
High tax-paying families are increasingly exploring extreme strategies – including divorce – to make it easier to qualify for subsidies and benefits, writes John Kehoe.
The women who could be Trump’s vice president
There are five key Republican women in line to run with the former president. Most of them fully embrace his political views.
- Exclusive
- Cars
Meet Oscar Piastri, the calmest driver in Formula 1
On the eve of his second F1 season driving for McLaren, the 22-year-old Melburnian talks about luck, fear and “being good at chilling out”.
Shares in Lovisa, Universal Store jump as dividends rise
The two retailers reported softer like-for-like sales but were bullish in their outlook, boosting returns for shareholders.
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Companies
Bookie bar fight: the feud driving racing enthusiasts out of pubs
The battle between Tabcorp and rival Entain, owner of Ladbrokes, has spilled over into NSW pubs, which are losing punters where the Sky Racing feed has been cut off.
Santos in talks with Sanjeev Gupta on Whyalla steelworks upgrade
The oil and gas group says an upgraded steelworks may become the first third-party domestic customer for its $335m carbon capture and storage project at Moomba.
Blackstone CEO Schwarzman collected $1.4b last year
Steve Schwarzman lived up to his reputation as a big earner, taking home $US896.7 million last year, including dividends.
Philip Crawford is on a one-man crusade against Star Entertainment
Depending on who is asked, the corporate lawyer turned casino regulator is either keeping the bastards honest – or hounding them out of business.
- Analysis
- Due diligence
Telstra dials up cost cuts as big business puts it on hold
Almost a year into running the telco, chief executive Vicki Brady needs to quickly tackle poorly performing businesses before they become too much of a drag on profit.
Nvidia’s AI-fuelled rocket ship draws acclaim and doubters
The explosive growth of Nvidia dates back to a Steve Jobs-like visionary decision but investors are betting on how long its dominance of the AI market can last.
Optus outage cost $61m parent Singtel reveals
Optus’ national phone and internet outage in late 2023 and currency fluctuations have been blamed for falling profits at the telecommunications group.
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Markets
- Opinion
- Investing
Grand predictions of credit market distress confound the bears
The corporate debt markets are just as jubilant as sharemarkets. But will it stay that way if interest rates remain high, asks Johnathan Shapiro.
Traders braced for possible surprise NZ interest rate rise
There is a one-in-three chance the RBNZ could lift the cash rate on Wednesday to 5.75 per cent and the world is watching.
- Opinion
- Sharemarket
A powerful mechanism is at play that will propel equities higher
The surprise in the current reporting season is not that earnings are coming in better than expected, but that investors didn’t see it coming.
‘Complacent’ iron ore market vulnerable to lithium-style crash
Iron ore prices are not factoring in a wave of new supply, leaving the commodity vulnerable to the same collapse that smashed battery metals, Yarra warns.
Nvidia reaches $US2 trillion mark, S&P 500 tops 5100
US shares ended mixed after a choppy session which saw early gains fade. Goldman, Capital Economics now see June, not May, as start for rate cuts.
Opinion
Keating’s quaint defence of Australia doesn’t grasp regional power politics
Labor has put aside two absurd features of the Keating era: a defence policy designed to deal with direct invasion and the diminution of our US alliance.
Columnist
Universities Accord report highlights funding shortage
If Australia is to have a world-class university system to sustain our standard of living in a highly competitive world, we are going to need to invest far more in it.
Vice-Chancellor
As Ukraine’s stocks fall, stakes get higher
Two years after Vladimir Putin’s brutal invasion began, it’s not just about whether Ukraine can avoid defeat but whether Europe can defend itself
Editorial
The sad reality is that Ukraine is outgunned and outmanned
Strategic analysts were adamant either that Ukraine would fall or Russia would buckle. Two years later, neither has happened.
International editor
What’s Plan B if America never goes back to normal?
Paul Keating has once again asked whether the US alliance shapes Australia’s view of the world more than it should.
International relations expert
Putin’s space nuke is so crazy, it’s an opportunity
The spectre of Russian nuclear escalation in space could offer Joe Biden and Xi Jinping to make common cause in restraining and deterring the Russian autocrat.
Contributor
Reports
Top 100 Graduate Employers 2024
This series of articles explores the trends, insights and opportunities in the workplace for both graduates and employers.
Politics
- Exclusive
- Tax disputes
Atlassian pays $92m tax bill after years of ATO talks
The software developer has struck a transfer pricing agreement with the Tax Office and has agreed to retain intellectual property in Australia that it will pay future tax on.
US, UK launch ‘dozens’ of strikes on Houthi targets
Donald Trump wins South Carolina primary; Clare open to ‘wealth tax’ on top universities; Israeli cabinet to meet on peace talks, Rafah plan. Follow updates here.
‘Wealth tax’ for top unis in $10b funding shake-up
A major review of higher education has recommended a return to demand-driven funding, a $10 billion infrastructure fund and an independent tertiary education commission.
- Analysis
- Education
Universities’ accord ‘blueprint for the next decade’: Clare
It will need political buy in, not just to get legislation passed in the coming months and year, but over the long-term – over successive governments and economic roundabouts.
4WDs to be phased out quicker than utes under clean car plan
Heavy diesel four-wheel drives face a quicker path to extinction than utes under the government’s new vehicle emissions standards.
SPONSORED
World
- Analysis
- US election
Haley has run out of time for Trump to become unpopular
The former president has all the support he needs for now but whether that lasts until November 5 is a different matter.
US, allies escalate strikes on Houthi targets after attack surge
The US, UK and partners hit 18 Houthi sites and eight locations as Pentagon warns of further action.
- Analysis
- Trade wars
In the shadow of Trump: how the WTO has reached the last-chance saloon
A summit of up to 164 ministers in Abu Dhabi aims to rebuild confidence and capability at the global trade umpire before a new Trump administration starts another trade war.
Israel mulls hostage deal as Netanyahu plans ‘action’ in Rafah
Israel’s war cabinet discuss the framework of a potential new deal to free hostages held in Gaza, Israeli Prime Minister Benjamin Netanyahu says
US imposes major new sanctions on Russia after Navalny’s death
The Biden administration is targeting Russia’s financial sector and military-industrial complex in a broad effort to degrade the Kremlin’s war machine.
Property
- Exclusive
- Luxury property
How Elwood’s record-breaking $17m house has links with van Gogh
The founder of immersive digital art exhibition juggernaut Grande Experiences, Bruce Peterson, and his wife Karyn are moving from nearby Brighton.
- Exclusive
- Luxury property
Point Piper family to sell $65m harbour-view mansion
Retail Apparel Group co-founder Stephen Leibowitz and his wife Pam have listed their Wolseley Road home of two decades before a Double Bay move.
- Exclusive
- Working from home
AirTrunk’s new HQ and the secret to keeping staff
AirTrunk has opened its new global headquarters without an office mandate, confident its company culture – and workplace design – will be persuasive enough.
Lifestyle Communities to raise $275m for ‘land lease’ model
An emerging housing option, land lease communities are typically aimed at budget retirees. Residents buy a pre-fabricated home from the housing estate operator then pay a ground rent for their site.
Even Sydney’s cheapest houses out of reach for first-home buyers
Aspiring house buyers in Sydney are now priced out even from the cheapest segment of the market after interest rates and home prices rose sharply last year, a new report shows.
Wealth
UBS eyes Australia’s richest family offices in latest wealth play
The Swiss wealth manager has welcomed 34 new advisers from Credit Suisse since absorbing its former rival, and its sights are firmly set on family offices.
How high earners can claw back lost stage three tax cuts
Experts explain how to reclaim lost stage three tax cuts via extra superannuation contributions.
The amount of low-tax money you can put into super is about to jump
Workers will be able to pump more money taxed at low rates into superannuation after strong wages growth triggered the first increase in contribution limits in three years.
Technology
Pro Medicus share price pause ‘a good entry point’
A $2.8 million share buyback has helped restore $1.2 billion of value to Pro Medicus. Despite its sky-high multiple, bulls think it has further to run.
Former Aquamamma CEO says investors should have read fine print
Emma Gibson, the wellness start-up’s co-founder and a former Rich Lister, says backers should have known she had not verified the figures she was pitching.
- Analysis
- The Breakdown
Nvidia proves it’s the weapons dealer for the AI age
Nvidia’s shares surged in extended trading after its latest results and its next quarter revenue outlook exceeded Wall Street’s already high expectations.
Work & Careers
- Opinion
- University
Universities Accord report highlights funding shortage
If Australia is to have a world-class university system to sustain our standard of living in a highly competitive world, we are going to need to invest far more in it.
Hours, travel contribute to Bain’s 31pc gender pay gap
Bain, a consulting firm that heavily promotes itself as being an employer of choice for women, has a gender pay gap of 31 per cent, higher than the industry gap of 26 per cent.
Life & Luxury
Think you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
Here’s how to lie flat for less on your next international flight
More frequent flyers are opting for business class on low-cost airlines – slashing their flight costs while enjoying a premium service.
This booze-free spritz is one of Max Allen’s top summer drinks
Brands are no longer trying to recreate the real thing with less alcohol. The newest no-lo options have flavours all of their own.
When in Kyoto, here’s how to avoid the tourist hordes
There are pockets of pure serenity to be found in Japan’s ancient capital, starting with a stay at this recently opened five-star hotel.
Why Broadway’s glut is good for musicals
This year, more than half of Broadway’s annual output of shows will open in March or April. Critic Jesse Green welcomes the rush – sort of.
