Finance

An Australian fund manager responsible for a portfolio worth more than $21 billion is frustrated with the lack of public support for people doing it tough but says there are certain tactics that can be used to help gain financial independence.

Guzman y Gomez has seen its valuation soar by more than 35 per cent after listing on the share market.

The AI boom continues to reshape the globe, with chip manufacturer Nvidia outstripping rival giants Microsoft and Apple to become the most valuable company in the world.

A new analysis of dwelling price data has painted a dire picture of the impact of rate rises on Australians' ability to pay a mortgage.

Plenty more are on the verge of joining them, too, according to a new survey.

Years after they were first announced, and months after they were significantly reworked, the stage 3 tax cuts are finally about to come into effect.

The issue is costing the nation a whopping $1.2 billion every year.

After years of high inflation and interest rates, it's little surprise that the cost of living was the top reason causing people to seek new work.

Australia's financial regulators have warned more and more homeowners are falling behind on their mortgage repayments on the same day ANZ said relief is even further away than hoped.

The business has paused operations, but its Australian founder says it could still be worth $1 billion.

Eighty per cent of people aged 65 and over think 'their children face harder or similar financial challenges now compared with them at the same age'.

Michele Bullock has issued a word of caution to the Australians hoping for an interest rate cut.

A "technical issue" was behind shares in Berkshire Hathaway, the holding company run by legendary investor Warren Buffett to go into freefall.

One of the country's leading financial institutions says hard work hasn't made older people better off than young generations.

Guzman y Gomez will be publicly listed on the stock exchange next month in an effort to raise more than $200 million to rapidly expand across the country.

Experts had been expecting a fall. Instead, they got a rise.

Budget expert Joel Gibson found some ways she can save.

Star Entertainment Group confirmed it had received "unsolicited" and "preliminary" interest from other companies.

Assistant governor Sarah Hunter says 'there's little to no evidence' that rate hikes are causing the nation's rental crisis.

We found some savings in their tight budget.

Australian businesses are going to keep falling into dire financial trouble at a record rate, in large part due to overdue tax debts.

The two forecasts don't seem to make a lot of sense, but there's one key reason why it all adds up.

The nation's biggest bank says household spending in April was 1 per cent lower than in March, and had only increased by 2.6 per cent over the previous 12 months – comfortably lower than inflation.

The prediction, if accurate, would likely have a very welcome impact on interest rates.

Despite their strict budget for groceries.

'When the RBA speaks, households listen.'

Landlords have been warned to lift their game during tax time, with the ATO revealing nine out of every 10 people who own a rental property get their returns wrong.

Rising interest rates have cost mortgage holders a staggering $60 billion in under two years, new research has found.

Speaking exclusively to 9News, Andrew Irvine revealed while rates could come down in November, the RBA may wait until 2025 to make its first cut.

Ahead of May's federal budget, 9news.com.au looks at an average Aussie family's weekly bills.

The Commonwealth Bank today became the latest financial institution to push back its rates cut forecast ahead of next week's Reserve Bank decision.

It wasn't high earners bearing the brunt of the burden, with low and middle incomes having to cough up more.

Inflation has continued to slow, but not as much as the market had expected, likely delaying when the Reserve Bank will be able to pass down an interest rate cut.

Higher-than-expected inflation figures released today aren't just bad news for home- and business owners banking on an early interest rate cut.

Macquarie Bank has been slapped with a $10 million penalty for its lack of controls to detect and prevent unauthorised fee transactions conducted by third parties, such as financial advisors.

Australia's biggest bank has named the date they believe the RBA will announce Australia's first rate cut in four years.

Small businesses have been handed a warning by the new Australian Tax Office commissioner over billions of dollars in mounting debts.

The cost of buying a home in Australia has reached yet another record high after climbing nearly 9 per cent over the last year.

The figure would still see up to around 100,000 homeowners falling behind on their mortgage payments by October unless interest rates ease or their wages increase.

Borrowers hoping for an interest rate cut - or a timeline of when variable rates may come down - were given little by a central bank patiently awaiting new data.

Exactly two months out from budget night, Treasurer Jim Chalmers said there'll be no repeat of the surging revenue from high resource prices that drove last year's record surplus.

The move, if it goes through, could spark a price war that would benefit Australian customers.

Australian households continued their economic cutback in February despite a certain pop megastar driving a huge increase in spending at music festivals and event venues.

More than 8000 trades were affected over three years.

One of the big four banks says the number of job listings fell last month, which could in turn lead to a rise in unemployment.

But not everyone is going to get to enjoy the spoils.

1.609 million mortgage holders were at risk of mortgage stress in January, a rise from August and September's figure of 1.56 million.