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    The Energy Awards recognise the people and businesses driving the future of the industry.

    Enter now

    Trump rally shooting could upend poll race

    The attack, by a shooter who was killed by the Secret Service, was the first attempt to assassinate a president or presidential candidate since 1981.

    ‘Everybody eats’: secret recording exposes CFMEU kickback plan

    Harry Korras was clear that to get a CFMEU EBA “there’s a fee. That’s business.” Meanwhile, police evidence mounts against John Setka’s anointed successor.

    US rate cut hopes have fuelled a global equities rally.

    ASX to hit 8000 as markets bank on Federal Reserve to cut rates

    It’s taken the local bourse just over three years to climb another 1000 points after breaching the 7000 level in April 2021, fuelled by pandemic-era stimulus.

    Shock but no real surprise at events in the US

    MPs here have been confiding that the erosion in social cohesion has meant it is only a matter of time before someone is attacked or killed.

    The ANZ scandal is a bombshell in two acts

    The issues engulfing the bank’s trading team are not about complicated bond trades. It’s about an alleged double act of deceit and manipulation of the taxpayer.

    Business demands royal commission into ‘abhorrent’ CFMEU conduct

    Workplace Relations Minister Tony Burke has thrown down the gauntlet to the construction union after explosive misconduct allegations, but business groups want him to act now.

    Assassination attempt just killed what was left of Biden’s campaign

    The apparent attempt on Donald Trump’s life won’t stop the controversial president’s ferocious campaign style, but it will temper Biden’s incendiary criticism of him, writes Matthew Cranston.

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    BUILDING BAD

    Caught on film: How John Setka and the CFMEU wield their power

    Videos show John Setka delivering a suitcase message to a rival’s home, and other officials issuing threats and boasting of the union’s total control.

    ‘The dam is breaking’: Setka resignation blow to culture of fear

    The CFMEU boss’ resignation was a shock even to his own officials, but it is a watershed moment for the culture of silence and intimidation that has ruled the construction industry, writes David Marin-Guzman.

    Business demands royal commission into ‘abhorrent’ CFMEU conduct

    Workplace Relations Minister Tony Burke has thrown down the gauntlet to the construction union after explosive misconduct allegations, but business groups want him to act now.

    ‘Good’: PM welcomes Setka resignation after AFR investigation

    Anthony Albanese slammed former CFMEU boss John Setka as calls emerged for him to take tougher action against the militant union after allegations reported today.

    Bikies, underworld figures and the CFMEU takeover of construction

    ‘It’s a cancer that spreads...we’ll all pay for it’: This is the investigation into CFMEU power that prompted union boss John Setka to quit.

    ASSASSINATION ATTEMPT

    A  bloodied Mr Trump pumped a fist of defiance as he was whisked off stage to safety

    American democracy dodged a bullet too

    The failed attempt to take out Donald Trump might put him back in the Oval Office.

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    More shots heard around the world

    For Donald Trump, the ‘bully pulpit’ almost became his funeral pyre. And the gulf between his strongman image and Biden’s ongoing struggles is now likely to widen, writes James Curran.

    Donald Trump is helped off the stage after an apparent attempt on his life.

    Is America entering another age of political violence?

    Let’s hope that the voices of American moderation, who have been cowed by extremes on both sides of the political spectrum, step back into the arena.

    The sound of the assassin’s gun never goes way

    Bobby Kennedy’s killing in 1968 was the tragic event that caused the Secret Service to provide protection for presidential candidates.

    Five shots, then screams – and suddenly Trump was on the ground clutching his head

    Witnesses alerted Secret Service agents to the presence of an armed man on a roof overlooking the rally site where Donald Trump was shot at.

    Get the front page and latest edition of the Financial Review as it was printed, delivered to your inbox every morning.

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    Companies

    Lithium prices have slumped over the last year, with Citi suggesting a weaker share price at Arcadium, a major producer, could be an opening for Rio Tinto.

    Should Rio Tinto buy out this ASX lithium miner? Citi thinks so

    The investment bank told clients that acquiring Arcadium Lithium could be a more economic option for the iron ore giant than developing its own projects.

    Lightning Link Casino looks and sounds like Aristocrat’s poker machines, a lawsuit alleges.

    Class action claims Aristocrat breaking gambling laws

    Lightning Link, Heart of Vegas and other social casino games are a lucrative and growing business. But some users allege the company is being misleading.

    Snowy Hydro’s gas power portfolio includes the Colongra plant in NSW.

    Snowy Hydro pushes gas power ambitions with major storage deal

    The 25-year contract will underpin the expansion of the Iona project, and underscores expectations the fuel will remain part of the energy mix past 2050.

    Nude Lucy will test the US market with a website and a few wholesale customers.

    Blundy’s Accent Group plots overseas expansion with Nude Lucy

    The move would be the first time that the company, better known for its shoe brands including Platypus and The Athlete’s Foot, has operated in another market.

    The Archegos Capital collapse shows nice bankers finish last

    As Bill Hwang’s $50 billion family office went broke, the investment banks that tried to help came off worst, including UBS and Credit Suisse.

    Mediaweek publisher flags potential sale of business with staff

    Those comments came after the Financial Review revealed Trent Thomas had been found by external investigators to have bullied and harassed a member of staff.

    ACCC’s new target | What makes an elite CEO | Earnings season predictions

    This week on the Chanticleer podcast, Anthony and special guest companies editor Vesna Poljak look at the ACCC’s latest target, discuss what makes an elite CEO, and make some predictions on earnings season.

    Companies in the News

    Search companies

    View stories and data from an ASX listed company

    Markets

    Donald Trump is helped off the stage.

    Haven rush, ‘Trump trades’ on investor minds after shooting

    Investors will likely rush into assets like the US dollar, gold and bitcoin after the assassination attempt of the former US president.

    Federal Reserve chairman Jerome Powell. Markets and economists are optimistic that the central bank will cut rates twice this year, starting in September.

    Why the US Fed needs to start cutting rates now

    Key inflation and employment data that central bankers use to guide monetary policy lag economic turning points by a monstrous amount, which has resulted in massively suboptimal rate decisions, writes Vimal Gore.

    Wall Street.

    S&P 500 resets record high on interest rate bets

    All three US benchmarks rallied after more price data lifted optimism that the Fed is poised to cut rates, perhaps even by half a percentage point in September.

    ASX hits record high as Fed gets ‘all clear’ to cut rates

    Shares and bonds have rallied, but economists are warning investors against reading too much into what the data could mean for Australia’s own central bank.

    US September rate cut comes into sharper focus

    The unexpectedly good US June CPI report has triggered a surge in the probability of a September rate cut to more than 90 per cent.

    Opinion

    How ASIC’s new insider-trader busting system works

    The securities industry regulator is getting better at catching insider traders. But the cohort of offenders is so dumb it may not make a difference.

    Tony Boyd

    Contributor

    Tony Boyd

    Reserve Bank’s path to a soft landing is very narrow indeed

    Further rate rises would make it harder for the RBA to achieve the trifecta of a small rise in spare labour, with employment still increasing and inflation back at target.

    Nickel is a sobering reminder of commodity fortunes

    Australia has been showered with resources export wealth for nearly 20 years. BHP’s nickel operations show we still have to get the basics of cost and productivity right.

    The AFR View

    Editorial

    The AFR View

    Earnings season will reveal the real inflation picture

    Prices are still going up but many companies are realising the limits of their powers, and central banks should be paying attention.

    Vesna Poljak

    Companies editor

    Vesna Poljak

    Will the PM set up an election while the sun is still shining?

    The legislative gridlock, a tricky economy and a Trump crisis all make a case for going to voters sooner rather than later.

    Laura Tingle

    Columnist

    Laura Tingle

    The smarter way to exploit China’s technical expertise

    China has a lot of know-how of its own. We should be working out how to absorb it rather than walling it off.

    Reports

    Sustainability Leaders

    The list celebrates Australasian companies that are making real progress in tackling sustainability challenges – and delivering business value along the way.

    Sponsored

      by BCG
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    Politics

    ASIC made five recommendations to improve bank conduct.

    Banks caught repeating royal commissioner-era fee charging

    ANZ, the Commonwealth Bank, Westpac and Bendigo and Adelaide Bank have agreed to move 200,000 customers into lower-fee accounts.

    Beau Fermor and Jayden Campbell in the Gold Coast Titans’ 2024 jersey, which is sponsored by The Lottery Office

    Offshore lotteries, online keno next in government crackdown

    Communications Minister Michelle Rowland is assessing whether more regulation is required. 

    Treasurer Jim Chalmers.

    Budget surplus to be 50pc bigger than forecast: Chalmers

    The May budget forecast a $9.3 billion surplus last financial year, but Treasurer Jim Chalmers now says people should expect something in the ‘mid-teens’.

    Nicotine use soaring as vapes go underground

    Experts warn the federal government’s new vaping policies will tip money into the pockets of criminal enterprises and potentially even increase smoking rates.

    Nina lost $11,600 to a scam. Advocates say banks need to help fix it

    When Nina Merrilees was scammed in 2022, she was shocked the banks didn’t help her. New research shows most Australians think they should have.

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    World

    Masoud Pezeshkian.

    Iran’s new president vows balance with all countries but warns US

    Masoud Pezeshkian urged Arab countries to use “all diplomatic leverages” to push for a lasting ceasefire in the ongoing Israel-Hamas war in the Gaza Strip.

    Giorgia Meloni’s nuclear push comes as her government imposed new restrictions on the rollout of solar power.

    Meloni seeks to bring nuclear power back to Italy

    Environment and Energy Security Minister Gilberto Pichetto Fratin said Rome plans to introduce legislation to enable investments in small modular nuclear reactors.

    Unilever headquarters in London. The company plans to cut as many 3200 in Europe.

    Unilever to slash a third of office jobs in Europe

    The cuts are part of Unilever’s “productivity program” and will slash as many as 7500 roles globally.

    Israeli strike targets Hamas military commander, kills 90 in Gaza

    Prime Minister Benjamin Netanyahu has said “there still isn’t absolute certainty” that Mohammed Deif and a second Hamas commander, Rafa Salama, were killed.

    Is America entering another age of political violence?

    Let’s hope that the voices of American moderation, who have been cowed by extremes on both sides of the political spectrum, step back into the arena.

    Property

    Demand for houses in inner-west Sydney suburbs such as Forest Lodge and Glebe is weakening as fewer buyers are able to access larger mortgage amounts, experts say.

    Why this segment of the housing market is struggling

    Despite the overall increase in Sydney’s home values, pockets of weakness are emerging in higher-end markets and starting to spread.

    High-profile pair’s luxury farmhouse hits Southern Highlands market

    Eastern suburbs couple Sanchia Brahimi and Paul Smith have listed their Berrima weekender, while the Golman family are selling a trophy estate in Bowral.

    High interest rates and construction costs are choking off the supply of new housing.

    High costs choke supply of new homes: property experts

    The cost of construction in capital cities has risen at a faster clip than house price growth, making it less economical to build new dwellings.

    Downsizers pay $130,000 above reserve for villa as auctions slow

    SQM research director Louis Christopher said the low auction volumes indicated housing prices could to dip up to 4 per cent during the second half of this year.

    Did King Charles really buy a $9m New York condo?

    It wouldn’t be the first time that a suggestive name on a deed led to unfounded reports that a royal had bought a piece of Manhattan real estate.

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    Wealth

    Mike Larcher

    A mind trick helped Mike buy this $300k car. Next? A $15m mansion

    Millionaires reveal the money psychology hacks they swear by, detailing how delayed gratification can make you richer – and more in control of your goals.

    The surprising asset class the rich are using to build wealth

    An increasing number of seasoned and wealthy investors are increasing their exposure to ETFs, an asset class that has been typically associated with the young.

    Can we put $2.9m from a property sale into super?

    You can – but you must tick these boxes first.

    Technology

    What we get wrong is thinking that just because scrolling mindlessly through social media is unproductive and feels like “time out” we are therefore properly relaxing when we engage in it.

    If you really want to relax, put that phone down

    The dopamine hit of smartphones, described as the modern-day hypodermic needle, is not the same as switching off, writes Jemima Kelly.

    The patents at issue in the underlying case allegedly relate to Apple’s messaging services.

    Apple sues Omni Bridgeway, demanding documents in patent case

    The ASX-listed litigation funder is resisting the subpoena in Delaware, arguing that the technology giant’s demand is unreasonable, vague and burdensome.

    Investment bank Goldman Sachs forecasts a 6.1 per cent boost to US gross domestic product over a decade from AI.

    AI predicts own supremacy, orders itself dozens of McNuggets

    Former British prime minister Tony Blair’s think tank found AI could save a fifth of public servants’ time, but it turned the analysis over to OpenAI’s tools.

    Work & Careers

    Medibank’s Shelley Matheson at her home in central Victoria.

    What businesses are doing right for this group of workers

    Not only did it mean Shelley could work in a step-free environment catered to her needs, but it also meant she didn’t have to ask for special treatment.

    More workers feel stuck in their jobs. Bosses are responding

    Executive coaches and HR professionals say managers are seeking guidance on how to re-energise workers who are staying put because they have no better option.

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    Life & Luxury

    Barbora Krejcikova of Czechia lifts the trophy following victory against Jasmine Paolini of Italy.

    Barbora Krejcikova wins women’s final

    More than 25 years since her late mentor famously triumphed after previous heartbreaks, Barbora Krejcikova has become Wimbledon singles champion.

    The upgraded Tesla that’s cheaper than its predecessor

    The new Model 3 Performance delivers a power boost and driving modes that range from Chill to Insane.

    They’re young, rich, and in the French Riviera

    Cashed-up, glamorous young Aussies have descended on Saint-Tropez and Monte Carlo, spending their time on superyachts and at $1500-plus per night hotels.

    Grace Kelly, sunglasses queen, shortly before her marriage to Prince Rainier of Monaco in 1956.

    How Grace Kelly inspired this season’s stylish sunglasses

    Sunglasses are a shield from the shy, a friend to the tired and hungover, and don’t require the wearer to be a certain dress size.

    An advert for

    Why sneaker king Nike was kicked into an $18b black hole

    The world’s largest sportswear maker is in crisis following a disastrous restructuring, and as its sneakers lose some of their cultural cachet.

    From the gallery