Up to seven in 10 homes could face NBN price hikes this July, with a Standard NBN plan set to cost over $100 a month for the first time ever at Australia's biggest provider, Telstra.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.