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Featured Opinion

Bidenomics is making China angry. That’s OK.

Biden’s China policy is so tough that it makes me, someone who generally favours a rules-based system, nervous.

Paul Krugman

Contributor

Bankers cheer as the frozen IPO market shows signs of heating up

Local bankers are celebrating as the US public listing market heats up, but is this simply another sign of a US sharemarket bubble.

Karen Maley

Columnist

Karen Maley

Bank bosses who speak the truth on reform

Tax reform is the cornerstone of rebooting national economic performance because its benefits are so pervasive. Business leaders are rightly taking up the conversation.

The AFR View

Editorial

The AFR View

Why the GST fiasco won’t be fixed

Fights about the distribution of GST revenue aren’t just about the money – they also reflect the political death of major tax reform. It’s a policy fiasco.

A Kennedy might be about to help Trump into the White House

Robert Kennedy jnr’s third-party candidacy could split the vote in key swing states. Polls give him between 2 and 15 per cent of the vote in a three-way race, writes Edward Luce.

Edward Luce

Columnist

Edward Luce

Disgrace turns into love on the cross

Easter offers divine love beyond shame. God, it turns out, is far less judgmental than we are.

Michael P Jensen

Faith leader

Michael P Jensen

It’s the Malaysia Plan all over again

One can only imagine the reaction if Labor was in opposition and had done the same thing.

Phillip Coorey

Political editor

Phillip Coorey

Why interest rate pain is not so bad for home borrowers

The Reserve Bank’s 13 interest rate rises have curbed demand without tipping mortgage holders into big trouble.

John Kehoe

Economics editor

John Kehoe
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More From Today

"It's becoming a demand issue - all these fearful consumers, people cancelling cruises," said one economist. "It's going to feed back to the business side as well, with business investment holding back."

The US economy’s resilience is now undeniable

In an economy that has consistently outperformed and is constantly being scoured for cracks, it’s hard to find any faults in the latest data.

  • Jonathan Levin

Yesterday

Sam Bankman-Fried sits during his sentencing in a Manhattan federal court.

Bankman-Fried’s jailing a warning shot to crypto industry

The 25-year sentence for the former crypto mogul sends a crucial message to an industry that’s still yet to complete the clean-up it sorely needs.

  • Lionel Laurent
Australian wines on display at a Shanghai expo in November in 2020. Exports of wine stopped abruptly after that when Beijing introduced punitive sanctions.

China’s trade coercion tactics on ice as wine tariffs removed

With their end, Australia is being lauded as an example in other sanction-hit countries like Japan, Korea and Taiwan of how to stand up to Beijing’s bullying.

  • Updated
  • Michael Smith

This Month

Tiny RoboBees have a multitude of uses but could easily end up inside a cane toad or anything else that eats insects.

Smaller, faster, deadlier - how drones are changing our world

Unmanned flying machines from insect-sized swarms to car-sized transports are about to become a ubiquitous part of our daily lives.

  • Tony Davis
Year after year, relatively few active fund managers outperform passive managers.f

Stock pickers at near record levels of underperformance

More than 75 per cent of all Australian large-cap equity fund managers underperformed the ASX200 benchmark for 2023.

  • Ben Smythe
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A question of super.

The tax implications of contributing business sale proceeds into super

The tax-related issues depend on the circumstances involved. In complex cases, one might need to engage an accountant, a solicitor and a financial planner.

  • John Wasiliev
Banking technology is a fraught subject for investors.

Westpac’s $3.5b tech catch-up is a warning to ANZ

Fifteen years after buying St George, Westpac is finally unifying its banking systems. ANZ investors will hope they’re not hearing about the Suncorp integration in 2039. 

  • James Thomson
Businesses spend big upfront with no guarantee they will have customers.

Those ‘obscene’ big business profits are actually our profits

The politicians and media who scapegoat big business ignore how the great bulk of their profits flow right across the Australian community.

  • The Parrhesian
The bulls have started 2024 firmly in charge. But the bears aren’t done with yet.

Ninety days to remember and what could go wrong from here

Despite a plethora of risks, the first quarter of 2024 has turned out to be better than expected across markets, economics and geopolitics. But don’t get comfortable.

  • Updated
  • James Thomson
Donald Trump on Monday. His supporters have flocked to back his Nasdaq-listed company.

Trump’s new media company catches the ‘everything rally’ wave

The former US president’s paper wealth has surged with his social media platform listing at an opportune time, with investor risk appetite rising.

  • Karen Maley
Although there will be significant bad debts, they appear to have already peaked.

Two ETFs for investors looking to tap bargains in China recovery

There is no telling if the Chinese sharemarket crash is over, but smart investors know that in carnage can lie opportunity.

  • James Weir
Maserati GranTurismo Trofeo

Maserati’s new coupe is a petrolhead’s trophy

The impressive new GranTurismo Trofeo internal combustion coupe is either highly collectable or yesterday’s news.

  • Tony Davis
BlackRock CEO Larry Fink.

The shocking data that stopped Larry Fink cold

“I’ve seen a lot of numbers. But no single data point has ever concerned me more than this one,” the CEO of BlackRock says.

  • James Thomson
Asking the right questions at the 2024 Banking Summit.

We have to get the balance right in banking

Over-prescriptive and risk-averse rules on lending are not just a problem for bankers. They hobble the whole economy.

  • The AFR View
Matthew Callachor from Toyota.

Revised car emissions policy will live or die on flexibility

The challenge is to transition to vehicles that do what their petrol and diesel counterparts can do and for the same price.

  • Phillip Coorey
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With the Hayne royal commission fading, the country’s largest banks are happy to once again intervene in matters of public policy.

Five years after the royal commission, big banks have their mojo back

But the newfound assertiveness isn’t simply due to the fading of past humiliations. They are increasingly conscious their large size is now a huge asset.

  • Karen Maley
Not everyone believes that the Reddit IPO will herald a boom in public listings.

Reddit to the moon won’t launch an IPO boom

While two knockout IPOs on Wall Street by tech companies will boost confidence, it won’t herald a blizzard of initial public offerings.

  • Paul J. Davies
Anna Bligh, chief executive of the Australian Banking Association.

Banks struggle to balance risk, reputation and regulation

Blowback over lending practices and perceived corporate greed means banks have become reluctant to take too many chances with their lending. But at what cost?

  • Jennifer Hewett
Pharmacy Guild president Trent Twomey.

Another win for the monopolists

A law to shield pharmacists from competition will take Queensland back to the last century.

  • Updated
  • Aaron Patrick
While the ACCC recommended the Government consider triggering the Australian Domestic Gas Security Mechanism (ADGSM), their stark report may still undersell the gravity of our situation.

East coast can’t transition without gas

Readers’ letters on the gas market and its place in energy transition; the state of Victoria; the push to break up Coles and Woolworths; and the art of writing a Letter to the Editor

Commonwealth Bank chief executive Matt Comyn is cautious about the year ahead.

The feeding frenzy that sent CBA shares to $120

Commonwealth Bank’s staggering $120 a share price came up a few times at The Australian Financial Review Banking Summit. Brian Johnson nailed why it had run so hard.

  • Anthony Macdonald