The search is on for Australia’s fastest growing companies.
- Breaking
- Building Bad
Hundreds sacked, perks gone as trigger pulled on CFMEU administration
The Albanese government put the entire construction division in the hands of an administrator on Friday, ousting union officials across the country.
- Live
- Need to Know
Beyoncé tipped to perform ahead of Harris’ pitch to voters
WATCH LIVE: Superstars back Kamala Harris before history making speech at Democrat convention; Mark Dreyfus puts CFMEU into administration effective immediately. Follow live updates.
- Opinion
- Chanticleer
Why fundies are starting to hate these 10 ASX darlings
It’s always a battle to beat the index and passive flows, but the market has crowded into a narrow group of winners that now look expensive.
The 47 seconds that saved Kamala Harris’ political career
A long-forgotten moment at a debate nearly 14 years ago stands out as one of the least known yet most consequential pivots in her journey.
- Live
- Markets Live
Shares slip; ANZ takes $250m capital hit, Inghams, Jumbo sink
Shares fall 0.2pc. Accent Group, Inghams sink on earnings. Telix swings to profit. Latitude’s profit climbs 140pc. Wall St falls ahead of Powell speech. Follow here.
- Opinion
- Global economy
An enormous error has overstated the US boom
Markets have been caught off guard by a drastic revision of non-farm payrolls, the worst miss since the Lehman crisis, writes Ambrose Evans-Pritchard.
APRA slaps ANZ with tougher capital charge, board warning
The regulator has forced an extra $250 million capital charge on the bank as the bond trading and workplace culture scandals take a toll on the company.
Get our columnists’ expert take on earnings season, direct to your inbox daily. Plus receive the weekly newsletter where they unpack the biggest stories. Exclusive to subscribers.
REVIEW
- Opinion
- Israeli-Palestinian conflict
How something positive could emerge from the Israel-Hamas war
The argument that any concessions look like weakness will only lead to more conflict. There can be no half measures this time.
- Opinion
- South-East Asian economy
Thailand’s democracy is on shaky ground
Since 1932, Thailand has been through 12 successful coups (as well as many more attempted ones), and multiple constitutions.
Mark Zuckerberg’s wife statue joins bad art of the rich and famous
The sculpture is utterly arbitrary and that’s what makes it bad. It’s also what makes the vast majority of AI-generated art so bad.
The restaurant washrooms turning into selfie stations
Forget the food and the flatware – bathrooms have become the big thing in many restaurants today.
How medical research is failing women
For years, the process for developing and testing new drugs has focused disproportionately on male bodies — to the detriment of female patients.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
Kim Williams’ ‘harder, faster, bolder’ ABC plan claims first casualty
Kim Williams has been outspoken about the ABC’s shortcomings and has a history of radical change. Now, MD David Anderson is giving up his $1.2 million role.
- Exclusive
- Big four
NAB dumps Hayne-era bonus caps
The bank emailed staff on Thursday, informing them of the change, meaning its bankers can earn bigger bonuses linked to writing new business.
Snowy Hydro adds fourth tunnel borer in bid to keep project on track
Snowy’s decision to spend $75 million on an extra tunnel boring machine signals it is prioritising start-up timing over cost pressures at the project.
WA gold miner lashes Labor’s project vetoes
Northern Star boss Stuart Tonkin says investment is at risk without a stable policy and approvals landscape.
Fried chicken margins shredded as costs bite Collins Foods
Shares tumble at the KFC and Taco Bell operator as it reels under the strain of rising staff, energy and store costs.
Qube’s Moorebank stake on the block
The logistics group said it could sell its stake in its new Moorebank interstate rail terminal after strikes at stevedore DP World helped boost annual net profit.
Insignia shares sink after ‘disappointing’ dividend pause
Delivering his first full-year results as CEO, Scott Hartley said the dividend freeze was needed to strengthen the balance sheet amid remediation costs.
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Markets
US Fed officials argue for gradual interest rate cuts to start soon
Top policymakers in Boston and Philadelphia pushed back against market bets for an aggressive pivot, instead calling for a slow and steady approach.
What happened overnight? Wall Street pulled back as Powell awaited
Australian shares were set to open lower. Shares fell in New York as Fed speakers pushed back against the market’s aggressive rate cut expectations.
‘Would be a disaster’: nervous short-sellers brace for iron ore at $US100
The Asian hedge funds targeting Australia’s largest mining stocks are looking on anxiously after the steelmaking ingredient staged a rapid rebound this week.
Pengana tips this tiddler to grow into a ‘multibillion-dollar’ stock
Portfolio manager Jeremy Bendeich explains why he’s betting big on titanium, and explains the potential behind Brazilian Rare Earths.
Regal, hedge funds are sticking with Japan after the crash
Regal’s investment chief Phil King is among those shrugging off the Nikkei’s worst sell-off in almost four decades and is betting on a big rebound.
Opinion
This week showed politics can still work in the national interest
The NDIS breakthrough, the CFMEU deal, and in-principle agreement on aged care reform shows it’s not all about the antics of crossbench issue poseurs or the confected conflict of question time.
Political editor
Plibersek’s mine block alarms whole industry
Regis Resources is cancelling its proposed gold project in NSW after the federal environment minister vetoed its site for a tailings dam.
Columnist
ASIC scrutiny of private markets must get balance right
Extending disclosure requirements into private deals could be viewed as unjustified regulatory creep. But the corporate watchdog is right to be vigilant on this issue.
Editorial
The race to define Kamala Harris is not yet won
Friday’s speech is a high-stakes opportunity for the Democratic nominee to introduce herself to voters yet to make up their minds.
Research associate
Albanese should trust Australians by answering Gaza visa questions
Does the prime minister agree with the ASIO that ‘rhetorical’ support for Hamas shouldn’t automatically disqualify anyone from coming to Australia?
Columnist
‘Gaza’ is the word Democrats dare not whisper in Chicago
Silence is the wisest option for Kamala Harris on a divisive election issue that is harming the global image of the US.
Columnist
Reports
Higher Education Awards
The Higher Education Awards highlight the tremendous contribution that the Higher Education sector makes to Australian capability, prosperity and society.
Politics
Chalmers offers deal on RBA board split
The treasurer offers to shift all RBA board members onto a new interest rate-setting board, presenting a potential breakthrough in stalled Coalition negotiations.
‘Significantly different’ psychiatric report on Higgins emerges
The psychiatric report that helped secure Brittany Higgins a $2.4 million settlement was one of two dated on the same day, but which did not match, a Perth court has heard.
- Exclusive
- Environmental protection
‘Circular economy’ to be examined by Productivity Commission
The government has asked its economic adviser to explore ways to cut waste going to landfill and encourage the more efficient use of raw materials.
Aged care deal delayed amid backbench anxiety
Peter Dutton wants the approval of his MPs before confirming support for the aged care deal negotiated with the government.
- Exclusive
- Industrial relations
Union membership inflated, pay deals not done under Asmar: official
A senior official at the Health Workers Union has pushed to stand down its secretary, Diana Asmar, warning the union’s board that the branch is in a state of dysfunction.
SPONSORED
World
Mike Lynch died just as he was planning his ‘second life’
The billionaire British tech tycoon loved to appear ruthless but was quick to help those in need.
Bodies recovered from superyacht wreckage include Morgan Stanley exec
Divers continue to search for the final missing person, thought to be the technology entrepreneur’s 18-year-old daughter, who may have been swept out to sea.
Putin tells Russians get over it, as anxiety grows over Ukraine
The Kremlin’s messaging suggests it expects Ukraine’s surprise occupation of Russian territory to last for months, so people should get used to it.
‘They’re not Hamas’: Envoy’s plea over Gazans sheltering in Australia
As national security fight continues to roil parliament, a significant number of Gazans who have found safety in Australia are Christian, while 80 per cent possess tertiary qualifications.
Cooling US jobs market looms over central bankers at Jackson Hole
The Fed has brought down inflation but must now steer the economy away from recession. This delicate balancing act is on show in Pennsylvania’s Lehigh Valley.
Property
Iconic Sydney pubs on the edge amid $61m sale stoush
A fight between a high-flying pub investor and an investment bank has put two of the city’s most iconic pubs under a cloud.
Stockland overshoots own housing predictions as settlements jump
Just four months after taming its own settlement guidance in April, the diversified developer has reported a stronger housing picture.
- Opinion
- Chanticleer
Why this global PE giant is backing a $1b bet on Aussie housing
The $120 billion private equity giant, Warburg Pincus, will back MA Financial’s new investment vehicle, which aims to help plug the housing sector’s funding gap.
- Exclusive
- Retail property
Dexus to offload Townsville mall for more than $200m
The looming sale of the Willows Shopping Centre comes amid a noticeable pick-up in deal activity, including from ASX-listed Scentre and Vicinity.
‘The phone is ringing off the hook’: investors head to property
Deposit rate cuts and signs the rate cycle has peaked are prompting investors to look beyond cash to high-yielding opportunities, says Centuria CEO.
Wealth
How to work less, help the kids and do the job you always wanted
A transition to retirement pension offers opportunities to revamp your lifestyle, pay down debt or gift a home deposit. Here’s what to do.
The tools showing retirees they have more to spend than they thought
Retirement income modelling is advancing rapidly, giving people an unprecedented ability to plan their own financial futures.
The Australians who may soon pay more for aged care
Labor and the Coalition are drawing closer to an agreement on changes to aged care funding. This is what it would mean.
Technology
Uber targets car rentals after Carshare failure
Uber has blamed a blow-out in operational costs for the failure of its Carshare service, which will cease business from September 12.
- Teaching Excellence
- Higher Education Awards
The secret to training the next generation of tech whizzes
From curing maths anxiety to using AI to teach a tricky programming language, these Teaching Excellence winners are producing Australia’s future tech workforce.
- Exclusive
- Start-ups
Uber scraps $105m Aussie car-sharing division
Uber will shut down its Carshare business, bringing the end to an Australian experiment it began in 2022 with the $105 million acquisition of Car Next Door.
Work & Careers
Melbourne AFL club defeats court bid to pry open ‘oppressive’ board
Businessman Peter Lawrence lost his case against the Demons’ identity-stacked board, but won concessions including the release of details of its 70,000 members.
The CEO on the front line of the global shipping crisis
The CEO of one of Australia’s largest ports knows a lot can go wrong before the contents of millions of shipping containers reaches our shelves.
Life & Luxury
- Drinks With Max Allen
- Wine & spirits
Four remarkable whiskies, all matured differently
If the cask matters to you, compare the difference in these intriguing spirits, from Australia, France and Scotland.
Ozempic could be linked to suicidal thoughts
Novo Nordisk said it will work with regulators to monitor the safety of the medicines, including surveillance of data from ongoing studies and real-world use.
When you go to work are you demure and mindful?
A viral video of advice on how to dress for the office has sparked a social media storm and turned its creator into a hot property.
All this parenting advice is getting in the way of parenting
The plethora of tips and guidance, especially online, is leading parents to believe there is one right thing to say for every situation.
The ACO is 50 years old and still rebelling
Born out of disaffection with the strictures of symphony orchestras, the Australian Chamber Orchestra has a typically wild and eclectic party planned for its golden jubilee.
