- Opinion
- Interest rates
No smoking gun to lift rates, but RBA should still pull trigger
The underlying dynamics of the Australian economy are very different to the US. The cash rate is still too low to ensure inflation sustainably returns to target, writes Warren Hogan.
ASX valuations mask grim reality of a softening economy
Sharemarket investors need to factor in that central banks cut interest rates when economies slow and profit growth splutters.
- Opinion
- Superannuation
Why I’m glad I dumped my industry super fund
After his SMSF regularly beat the performance of his former industry super fund for over a decade, Tony Boyd urges more Australians to take control of their super.
- Analysis
- Due diligence
DroneShield: a capital markets plaything or the real deal?
Even as sceptics question its valuation, the drone detection and jamming group has a near $1 billion market capitalisation.
US recession rumblings to roil ASX
The Australian sharemarket is set for its worst two-day sell-off in two years after jobs data in the US confirmed traders’ biggest fears of a worsening economy.
- Exclusive
- Weight loss
Ozempic maker wants taxpayer subsidy for new Wegovy drug
Danish pharmaceutical giant Novo Nordisk pulled in more than $600 million from Australia last year but reported just $17 million in profit here.
- Exclusive
- Interest rates
Debt and deficits may cause financial crisis, RBA research boss warns
Investors could decide government debt is no longer a safe asset, causing financial calamity, RBA research boss John Simon has warned.
Wealth Generation: News and views to help aspirational investors grow their wealth. In your inbox every Wednesday.
paris 2024
Samsung selfies, Dior clothes: Olympic product placement explodes
The prominent positioning of sponsors’ brands at the Olympics is a first, as Paris leans more on the private sector, not taxpayers, to foot the bill.
Best-ever start for Australia but a mixed bag for Rinehart
Team Australia is having a history-busting gold haul. But one of Gina Rinehart’s sporting projects is looking as sorry as lithium. Here’s what you missed overnight.
McKeown makes it four from four. One was a huge surprise
There was to be no gold for Australia on Saturday night, but the medals kept coming for Kaylee McKeown, Ariarne Titmus and the mixed medley team.
Aussie underdogs ‘kept fighting’ to break near 30-year drought
Matthew Ebden and John Peers are the first Australian Olympic tennis champions since Todd Woodbridge and Mark Woodforde won doubles in Atlanta in 1996.
Seven heartwarming moments from the Olympics so far
The best of humanity was on display at the Games, from a sprinter who turned back to help an injured opponent to Turkish dad who became a shooting icon.
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MONDAY MEDIA
TV networks to demand fee relief as $40m wagering hole opens up
Sports codes, wagering firms and media companies have a week to make their pitch to the Albanese government, after secret briefings on Thursday and Friday.
- Analysis
- Media & marketing
Murdoch thinks Fox, News Corp worth more right wing
At the heart of Rupert and Lachlan Murdoch’s bid to change the family’s “irrevocable” trust is an idea Fox and News Corp are more valuable as conservative outlets.
Paul Keating’s prediction about Nine-Fairfax goes both ways
Also, the secondary effects of a strike at Nine Publishing land as others seek meetings; and who Seven West Media has hired to manage its crisis PR.
Gambling ad crackdown imminent as sports, media join secret meetings
Sporting codes, wagering and media companies have been summoned to private meetings with Communications Minister Michelle Rowland.
Streaming, catch-up services on verge of eclipsing TV advertising
Revenue growth has slowed significantly across the media and entertainment sector – particularly in news – a widely followed annual PwC survey has found.
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Companies
Northern Star boss says China’s reserves are gold’s best bull signal
Australia’s biggest gold miner, Northern Star boss Stuart Tonkin, said the race for the White House is not the main game as far as gold is concerned.
Liquor giant Dan Murphy’s absorbs Penfolds price hikes
The retail chain’s managing director Agi Pfeiffer-Smith said the market is increasingly competitive and even shoppers seeking small luxuries want a deal.
Pilbara at risk from Africa, Brazil without green iron push: Fortescue
Mining giant Fortescue has warned that the future of the Pilbara rests on government and industry forging a green iron industry.
- Analysis
- Media & marketing
Murdoch thinks Fox, News Corp worth more right wing
At the heart of Rupert and Lachlan Murdoch’s bid to change the family’s “irrevocable” trust is an idea Fox and News Corp are more valuable as conservative outlets.
- Exclusive
- Mergers & acquisitions
CBA tapped to bank Nauru and block Beijing in Pacific
When Bendigo & Adelaide Bank announced it would stop servicing the island to “reduce complexity”, the federal government took notice and turned to CBA.
- Opinion
- Hedge funds
From Ackman to AFIC, fund manager discounts persist
Bill Ackman’s failed attempt to float the largest ever closed-end fund shows that a high profile and even a solid track record isn’t always enough to win, writes Jonathan Shapiro.
The luxury bubble is bursting and not even Cettire is safe
Prestige fashion is in a state of crisis as sales plunge and stocks pile up. For Cettire, which has operated in the grey market, this is its moment of truth.
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Markets
RBA to hold rates steady as inflation gets closer to target
The central bank is expected to oversee a “straightforward” meeting this week, after last week’s inflation result took the heat out of tightening fears.
- Opinion
- Interest rates
The RBA has more to worry about than just inflation
Monetary policy is now more than ever just a wealth redistribution policy in Australia, just ask the Baby Boomers, writes Tim Hext.
Atlassian falls 17pc as US jobs data flashes recession risk
All three US equity benchmarks fell after July’s jobs report missed expectations and triggered worries the Fed is behind the curve in shifting to rate cuts.
Buffett halves his Apple stake in $116b stock dump
The cash pile at Berkshire Hathaway has soared to $US425 billion as Warren Buffett struggles to find stocks to buy.
Fed policy patience cast in harsh light: Wall Street’s view
As some economists and strategists pulled forward and lifted their rate cut forecasts, others said the violent market reaction to July’s jobs data was wrong.
Opinion
Five fixes are called for to clean up the CFMEU
Australia has a once-in-a-generation opportunity to rid our biggest construction union of ingrained criminal and corrupt conduct. We cannot afford to miss it.
Contributor
Bogus email address shows Jacinta Allan’s CFMEU crackdown is a joke
The Victorian premier’s snap review of alleged criminal activity in the construction industry went 11 days without so much as an email address for whistleblowers to use. Until The Australian Financial Review asked about it.
Workplace correspondent
Election timing no longer swings on an elusive rate cut
The government is at the mercy of the Reserve Bank. But the central bank is also subject to forces beyond its control.
Columnist
Will Trump get the weaker greenback he wishes for to restore manufacturing?
Because there is some truth to the assertion that the US dollar is too strong, whoever the next president is could get lucky with the dollar.
Columnist
A Chinese doping scandal in Olympic swimming has become all-out war
US media accused the World Anti-Doping Agency of keeping secret Chinese swimmers’ positive drug tests. WADA says it’s stuck in the middle of a geopolitical fight.
Contributor
The world should realise Israel is fighting five wars
The Jewish state’s conflicts are more about ideas than they are about geography.
Contributor
Reports
Cybersecurity and AI
The federal government lays out plans to help boost the nation’s cyber defences, while experts outline steps to stay safe.
Politics
- Exclusive
- Scams
AFP discovers 2000 compromised Australian cryptocurrency wallets
Hundreds of compromised accounts were discovered on crypto exchanges including BTC Markets, Binance, Crypto.com, Ebonex, Independent Reserve, OKX, SwyftX, and Wayex.
Burke working on steps for 2000 Palestinians to stay in Australia
“Obviously, no country in the world would send people back to Gaza at the moment,” says the Home Affairs minister.
Meet the doves predicting an RBA rate cut this year
Falling inflation, rising joblessness, a construction downturn and a household sector battered by rising mortgage repayments may force the RBA to cut in November.
PM promises major Indigenous economic plan
Anthony Albanese will attend the Garma Festival in Arnhem Land on Saturday, saying his determination to close the disadvantage gap has not wavered.
Higgins cast Reynolds as villain in ‘fairytale’: lawyer
Senator Linda Reynolds was cast as a villain in a “fictional story” constructed in Brittany Higgins’ mind, lawyers say.
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World
Harris accuses Trump of ‘running scared’ after he cancels debate
A stoush over the lack of a live TV debate comes as Kamala Harris gets set to announce her running mate for the November 5 presidential election.
Top US general heads to Middle East as tensions mount
Israel and Hezbollah fired dozens of rockets and the US sent aircraft and warships to the region, amid fears Iran and its proxies will attack in the coming days.
20,000 missiles, drones: What a new Israel war could look like
The country’s military capabilities have evolved since it last fought Hezbollah, but so have those of the Iran-backed “axis of resistance”.
Far-right riots sweep Britain over child murders
Police officers were injured and shops were looted as anti-immigrant activists faced off with anti-racism protesters in cities and towns across the UK.
Iran arrests dozens in hunt for suspects in killing of Hamas leader
Iran has begun a sweeping investigation into the assassination of Ismail Haniyeh, with its intensity a sign of how damaging the security failure was.
Property
- Exclusive
- Accommodation
Brookfield eyes $2b student beds portfolio
Canadian giant Brookfield spies opportunity for expansion in the sector, despite looming disruption from government caps on foreign student enrolments.
- Exclusive
- Construction
The banker and the builders want subcontractors to get Paid
Former Bendigo Bank boss Mike Hirst has invested in an app that could protect subcontractors – and shake up the lucrative market for building contracts.
German chancellor lines up crisis talks with property titans
Germany’s real estate market is beset by the failure of major developers and a crash in investment and financing as real estate prices slump.
Ex-QIC boss Damien Frawley sells organic cattle farm for $25.5m
The new owners of Gowan Station near Blackall are Chinchilla-based cattle breeders Shane and Helen Hutton.
Vacancy rates show overseas students being scapegoated: unis
New analysis shows locals in Australia’s three biggest cities have a better chance of finding an apartment in suburbs with large international student populations.
Wealth
Why Gen X needs to think about retirement right now
A new generation of just over 5 million Australians – born between 1965 and 1980 – is approaching retirement.
There are five types of investor. Which are you?
The best investing advice is 2500 years old and comes from Greek philosopher Socrates: Know yourself.
- Opinion
- Investing
Why investors should take notice of Japan’s resurgence
With its equity market finally breaching highs not seen since 1989, there is growing evidence Japan’s structural reforms are working.
Technology
Atlassian founders $3.8b poorer as market punishes revenue miss
Slowing revenue growth has dampened Scott Farquhar’s final showing as co-CEO of Atlassian.
Why this earnings season is the end of an era for Apple
The AI era is upon Apple, and all of its tech peers, and the stories it tells its investors and customers about its products are about to change forever.
Intel plans 15,000 job cuts after AI fumble
The US chipmaker said it will also reduce capital spending as its turnaround strategy hits another setback.
Work & Careers
Vale Terry Snow, legendary property developer with a generous heart
The hard-headed businessman, responsible for much of modern Canberra, was also a soft-hearted philanthropist who loved equestrian horses and the arts.
As a state school graduate, I believe in private schools
A British financier explains why she educated her children privately, even though the government gave her a good education.
Life & Luxury
Deadpool & Wolverine – a violent comedy on its way to movie immortality
This “action-comedy” has more blood-letting than any other superhero movie, but its “R” rating hasn’t stopped it making financial history.
Can a series about alien toilets really be the new Marvel?
Born on YouTube as a series of short episodes, this surreal apocalyptic sci-fi has attracted the attention of Hollywood.
Drought of boys in ballet creates problems for budding ballerinas
They are one half of a pas de deux, yet males are deserting ballet schools in alarming numbers. Queensland Ballet has gone all-out to reverse the trend.
‘You don’t embarrass the New Yorker in Trump’ says military adviser
Chris Miller, a former acting secretary of defence and Project 2025 contributor, says the AUKUS military alliance will be fine if Donald Trump wins the election, but Vladimir Putin could be in a jam.
High cholesterol critical factor in development of dementia, study finds
Scientists have for the first time linked high cholesterol and vision loss to the onset of dementia, including them among 14 risk factors.
