Labor, teals turn on Greens over CFMEU embrace
Zoe Daniel and Allegra Spender have joined the Albanese government in castigating the Greens for cosying up to the CFMEU.
Mineral Resources ditches dividend for first time in a decade
Chris Ellison-led MinRes says it will defer expansion projects and focus on cost reduction after ending the financial year with net debt of almost $4.43 billion.
Uni student caps ‘dramatically bad for the economy’
Economists are not impressed by the decision to cap international student places.
Greens aim for five more seats but averse to cabinet spot
The Greens will not seek a cabinet spot in a hung Parliament. Nor will Anthony Albanese offer them one.
Rio Tinto poised to take control of uranium project clean-up
Rio Tinto is attempting to end decades of disputes with minority investors, traditional owners and governments over the project in the Northern Territory.
- Opinion
- Federal election
Labor’s real problem - it’s losing ground on the left and right
Labor is furious at Greens MP Max Chandler-Mather over his CFMEU support. It’s nothing but a convenient political distraction, writes Jennifer Hewett.
No sweetener for NextDC in AirTrunk’s $20b auction
The CEO of data centre group NextDC, Craig Scroggie, doesn’t expect AirTrunk’s sale to influence the way his company is valued by the sharemarket.
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.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
- Updated
- Earnings season
Woolworths loses ground to Coles after tumultuous year
The major retailer recorded a slight fall in underlying profit, which were all but wiped out by a big write-down in its New Zealand business.
- Opinion
- Chanticleer
Four big private credit questions regulators should be asking
APRA is right to pay more attention to private credit risks. But it may need help.
Flight Centre reveals who is travelling (and who isn’t)
The travel booking company has streamlined and boosted efficiency and says the corporate travel segment is still weak but it’s still winning market share.
- Results Wrap
- Chanticleer
McLachlan just rebooted Tabcorp’s strategy. It’s smart, but painful
Tabcorp resets investors expectations yet again, Flight Centre’s Graham Turner provides his verdict on airfares, and APA braces for regulatory change.
APA Group says customers to pay if pipeline regulated
The gas operator’s chief executive Adam Watson says a decision to subject a key Queensland pipeline to full price regulation will hit customers with higher bills.
Fortescue aims to split the bill on hydrogen build
A plan to build an ammonia project in the Norwegian fjords will cost in the “low $US1 billion” range.
- Updated
- Earnings season
McLachlan hits the Tabcorp reset button with $1.4b write-down
The wagering giant struggles to best its larger overseas rivals, and its new chief executive says it was obvious it would not meet cost reduction targets.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
ASX investors paying ‘eye-watering’ prices despite weak earnings
Investors in Australia’s sharemarket are increasingly getting less bang for their buck for some of the biggest names on the ASX, but they are paying it anyway.
Why a surging gold price could signal ‘more sinister’ times ahead
Investors are being urged to look further into the record-breaking rally in gold prices, and a “quiet trade” unfolding in Russia and China.
China bond bulls warned of bubble risk over bumper debt supply
People close to the Chinese central bank say a wave of new issuance could burst the market “bubble”.
ASX flat; Tabcorp plunges 15pc; Woolworths rallies
Shares finish flat; $A rises as July CPI cools; Tabcorp dumps turnaround strategy; Woolworths flags special dividend; Kelsian bounces after sell-off. Follow updates here.
Gold bulls delight in Jackson Hole as Powell juices rally
Investors say the Federal Reserve chairman’s speech was a watershed moment for bullion.
Opinion
Labor losing ground on left and right
Labor’s fury at Greens MP Max Chandler-Mather over his CFMEU support is a convenient political distraction.
Columnist
Have universities brought Clare’s hard cap on themselves?
It’s a populist political fix for cutting immigration. But a failure of university self-regulation has also led to government intervention.
Editorial
Shouldn’t retirees be on super boards too?
Super funds have changed since the Cooper inquiry recommended more independent directors. Now, it might be a case of why stop there?
China’s EVs good for Aussie drivers, bad for global trade war
Inside Australia’s national security and economic agencies, a new vexing issue about China is being discussed.
Economics editor
Biden was good at managing America’s decline
Between the peak of something and its ultimate demise, a vast amount can be achieved. Perhaps it took a man who became president at 78 to see the point.
Contributor
How to keep Future Made in Australia out of the pork barrel
Industry policies rightly have a bad name. The government needs to tighten the wording of its FMIA bill if it wants to prevent abuse.
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
Power rebates hide inflation threat, with no rate cuts in sight
Headline inflation fell to 3.5 per cent in July partly thanks to temporary energy rebates, meaning the RBA is likely to keep interest rates where they are.
Greens aim for five more seats but averse to cabinet spot
The Greens will not seek a cabinet spot in a hung Parliament. Nor will Anthony Albanese offer them one.
Higgins’ partner offered media pictures of alleged rape couch
The boyfriend of Brittany Higgins offered to send pictures of the couch she was allegedly raped on to a journalist, a Perth court has heard.
Uncover Jewish chat group doxxers or risk violence, Labor elders say
Former Labor MP Mike Kelly says if the people responsible for doxxing Jewish creatives were not held accountable, they would be emboldened to take further action.
Two-speed economy exposes the great Australian divide
The gap has widened between younger and older Australians, small and large businesses, and resources-rich Western Australia and the east.
SPONSORED
World
Even Temu is crashing, in red flag for China’s economy
PDD Holdings, owner of market darling Temu, has surprised investors with an unusually gloomy outlook, as the nation’s economic malaise takes a toll on demand.
Trump hit with new US criminal charges before election
Prosecutors are attempting to tailor the fresh charges against Donald Trump to reflect the Supreme Court decision on presidential immunity.
NFL ushers in new era, allows private equity ownership
League owners loosened some of the strictest rules in US professional sports to allow PE to own as much as 10 per cent of a team.
US military eyes escorting Philippine ships in South China Sea
The head of the US Indo-Pacific command said he was open to discussions about escorting Philippine ships amid growing clashes with China in the disputed waters.
Israel rescues first living hostage from Gaza tunnel
The 52-year-old Israeli father of 11 was taken to a hospital, where members of his large Bedouin Arab family gathered around his bedside in a joyful reunion.
Property
- Exclusive
- Building Bad
How construction failures push up costs for builders – and consumers
Union officials with unchecked power on construction sites force builders to cover costs of insolvent subcontractors, which in turn pushes up costs for home buyers.
- Exclusive
- Luxury property
Late Foxtel boss’ luxury weekender sets Central Coast record
The luxury weekender owned by one of Australia’s most influential entertainment pioneers, the late Brian Walsh, sold for an undisclosed price understood to be between $9.5 million and $10 million.
Home building goes backwards as infrastructure booms
Developers and economists say conditions might improve soon for detached homes, but there’s no sign of any change that would get apartments going up again.
- Exclusive
- Luxury property
John Singleton puts ‘for sale’ sign on $16m Central Coast acreage
Rich lister adman John Singleton has listed his Killcare acreage on the NSW Central Coast just ten months after buying it for a suburb record of $15.85m.
Villawood secures $400m, 800-home project in SA wine region
The new Aldinga community is part of a plan to boost the population of an area that has grown more slowly than central Adelaide.
Wealth
Yachts, fine art and investment properties targeted by ATO
The ATO will use data from insurance and property management companies to cross-check taxpayer claims.
The window to make decent money on term deposits is fast closing
Banks have already started cutting interest rates anticipating the Reserve Bank’s next move, but there are still reasonable deals to be found.
The hunt for truly diverse investments – from alligators to concrete
With regular asset classes increasingly correlated, wealthy investors are looking to some esoteric choices.
Technology
Ray Dalio promises AI bot for life and career coaching
Billionaire Ray Dalio created the world’s biggest hedge fund, now he’s recreating himself with AI to share his principles.
No sweetener for NextDC in AirTrunk’s $20b auction
The CEO of data centre group NextDC, Craig Scroggie, doesn’t expect AirTrunk’s sale to influence the way his company is valued by the sharemarket.
Chip challengers try to break Nvidia’s grip on AI
Cerebras, d-Matrix and Groq are among a group of smaller companies aiming to take a slice of the multibillion-dollar artificial intelligence hardware market.
Work & Careers
- Exclusive
- CFMEU
Veteran CFMEU leader may return as rebels jockey for hearts and minds
Respected former construction union leader Andrew Ferguson may be a key appointee to help clean up the CFMEU.
Why Gen Z are leading the way on five days a week back in the office
Younger workers are looking for in-person experience handed down from their older colleagues – and sometimes a place to concentrate that’s not in a share house.
Life & Luxury
Private investigator’s weapons fetch a fortune
Warren Mallard penchant’s for “edged” weapons has paid off, while James Wolfensohn’s modern Australian classics get a mixed reception.
Revealed: the two key ages when your body has a ‘mid-life crisis’
Scientists who assessed more than 135,000 molecules in people aged 25 to 75 expected to see linear changes with age, but instead they discovered “cliff edges”.
- Drinks With Max Allen
- Wine & spirits
How a dinner conversation led to a vineyard purchase
Novice owners are writing the next chapter at a top Mornington Peninsula estate.
Hermès for your home? See what the luxury brand has in store
These covetable products may be new, but they include plenty of retro nods.
The robochef revolution poised to take over restaurants
Robot-driven kitchens are delivering profit margins that traditional restaurateurs can only dream of, and their spruikers argue that human chefs will benefit too.
