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Harris admits she has never met Trump
Kamala Harris is ahead of Donald Trump in polls amid highly anticipated interview; WATCH LIVE: NAB boss Andrew Irvine questioned in big four banks review; PM backs down on LGBTQ census ban. Follow live updates.
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‘Are you sure?’: Harris cooks bacon amid Biden’s withdrawal call
Kamala Harris has never met Donald Trump
Harris talks tough on illegal immigration
Harris would appoint Republican to cabinet for ‘diversity of opinion’
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- Live
- Markets Live
Star halts trading; July retail sales flat, under forecasts
Shares climb; Star given last chance to turn around Sydney casino culture; Ramsay Health Care shares slump; Downer EDI swings to profit. Follow updates here.
Where home buyers can score the biggest bargains now
House sellers are slashing their prices by hundreds of thousands of dollars as fresh listings rise before spring.
- Opinion
- Chanticleer
What I learnt from 30 CEOS in 30 days
The profit season has delivered a confusing picture of an economy stuck between cycles. Here are 30 nuggets to help investors navigate this tricky environment.
Opera Australia artistic director gone amid rift with boss
Australia’s largest performing arts company is in turmoil, with artistic director Jo Davies resigning after just nine months in the role amid a split with chief executive Fiona Allan.
- Updated
- Big four
Big business faces down Canberra’s ‘insidious’ populist policies
Commonwealth Bank chief Matt Comyn has warned “performative” attacks is eroding trust, highlighting the rising tensions between MPs and corporate Australia.
- Analysis
- Russia-Ukraine war
Forget Putin’s red line. It’s time to unleash the big guns
Volodymyr Zelensky this week begged the US to lift restrictions on firing precision-guided ballistic missiles deep into Russia. Washington fears a nuclear war.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
SPRING PROPERTY
Weekender dreaming: It’s a great time to buy a holiday home
Listings for popular getaway destinations are at their highest in five years, while demand has fallen, making now a good time to look for a holiday home.
Four strategies to lower pesky lenders’ mortgage insurance
Lenders’ mortgage insurance is a costly nuisance. But if it comes down to paying a bit extra and getting into the housing market sooner, it might be worth paying.
- Opinion
- Property investment
Investing in property for yield has never looked so unattractive
Rather than dealing a fatal blow by ending negative gearing on property, governments are bringing about death by a thousand cuts.
The ‘mind tricks’ that will help you win property auctions
From fear of missing out to what’s known as ‘money illusion’, it’s useful to understand the psychology of real estate negotiations.
Number of homes for sale soar ahead of spring
Fresh listings are surging in some of the more expensive housing markets in Sydney and Melbourne as sellers rush to beat the competition.
REVIEW
How Kamala Harris would rule the world
The Democratic presidential candidate has been training for 21st-century threats: cyber and space warfare, artificially intelligent weapons, and quantum computing.
- Opinion
- The Federation
Despite decades of failure, Australia’s constitution can be modernised
Most Australians were not alive the last time it was updated. This is why the nation needs to work out a way to pass referendums.
- Analysis
- US election
Can the Republican Party really become a workers’ party?
Some of the most-conservative members of Donald Trump’s party are pushing for more union-friendly policies.
The Canary Islands are revolting against British tourists
Permanent residents are dependent on an industry overwhelming their towns and destroying the environment.
How Russia’s Mark Zuckerberg became a wanted man
The arrest in France of Telegram owner Pavel Durov turned him into a folk hero among those concerned about free speech and government censorship.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
- Updated
- Big four
Big business faces down Canberra’s ‘insidious’ populist policies
Commonwealth Bank chief Matt Comyn has warned “performative” attacks is eroding trust, highlighting the rising tensions between MPs and corporate Australia.
- Updated
- Earnings season
Qantas deflects Qatar factor, readies for more competition
The airline reported $2.1 billion in earnings last financial year, down 18 per cent from a record result in 2023.
Power market ‘beginning to fail’, energy users say
Manufacturers say forecasts for slower EV uptake are a short-term reprieve and that the regular use of voluntary usage cutbacks shows the market isn’t working.
Only 1¢ in the dollar for creditors in Mighty Craft wipeout
Administrators say creditors may get between 0.5¢ and 0.9¢ in the dollar under a deal that preserves the collapsed beer and spirits group’s stake in zero carb brand Better Beer.
Mining billionaire Chris Ellison bemoans ‘s---tiest time’ to be boss
No one is making money in lithium and every job is under scrutiny, warned the Mineral Resources boss who lamented “it’s not a fun time” to be in business.
Mortgage broker pay should attract more scrutiny: Comyn
The chief executive of the country’s largest lender says mortgage brokers who write the majority of loans “don’t have any controls” on pay at all.
- Updated
- Earnings season
Kmart sparkle sends Wesfarmers’ profits and dividends higher
While the conglomerate’s retail brands including Bunnings and Officeworks posted increased earnings, the mining and energy businesses went backwards.
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Markets
These early Nvidia backers are offloading their shares – for now
Some early Australian investors of the AI darling were positioned for a sharp sell-off in the shares this week, including Munro Partners, but a re-acceleration in the chipmaker’s earnings is also in their sights.
What happened overnight? Wall Street pared an early advance, Nvidia dropped
Australian shares were set to open higher. The S&P 500 gave up gains in a choppy session. Australia July retail sales loomed. Bitcoin was at $US59,000.
US jobless claims slip as market continues to defy rates
Jobless claims ticked down last week, and the four-week average of claims, which evens out some of the week-to-week volatility, also edged lower.
Why this beaten up beauty stock could pay off handsomely
Ex-Magellan stock-picker Kris Webster explains why he’s betting on a rebound in the US beauty industry and a stock that has slumped more than 30 per cent since March.
- Analysis
- Earnings season
Nvidia’s fall shows ‘just great’ isn’t good enough any more
On the surface everything was rosy in Nvidia’s market-shifting earnings call, so why have investors headed for the door?
Opinion
Labor should invest in demonising Bandt as well as Dutton
The government wants us to believe Peter Dutton is dangerous and divisive. It might need to focus on the leader of the Greens as well.
Political editor
Time for lateral thinking on boards
Representation of pensioner members on super fund boards is an eye-catching idea. What if similar lateral thinking was applied to the future of corporate boards too?
Editorial
Business CEOs push back on political grandstanding
Big business makes mistakes as well as money, but chief executives like CBA’s Matt Comyn and Wesfarmers’ Rob Scott are pushing back against “fact-free” accusations.
Columnist
Whole-of-government should cut across ‘legacy’ portfolios
The big and wide-ranging issues that will dominate future decades require an integrated strategy office to be established to wrestle with complex, integrated problems.
Strategic thinker
A culture war is the least of the census’ problems. Let’s get rid of it
A ditched plan to include questions about the LGBTQ community in the census has raised questions about the future of the $600 million big five-yearly national survey.
Government editor
Why the Pilbara is not going to explode in a wave of strikes
Getting the majority of workers to back a new wave of unionism in the Pilbara might be harder than either side thinks.
Former union official.
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
Qantas, BHP warn on wage rises as IR tensions flare
Qantas has hinted at job cuts or fare increases to cover an enforced $60 million wage hike. BHP has reacted after being accused of peddling “hysteria”.
Power market ‘beginning to fail’, energy users say
Manufacturers say forecasts for slower EV uptake are a short-term reprieve and that the regular use of voluntary usage cutbacks shows the market isn’t working.
‘Go elsewhere’: news of student caps hits Chinese social media
Fatigued by a year of migration reforms, students in China think they are being treated badly by Australia.
Labor MP breaks ranks over LGBTQ census question
Josh Burns reveals he has been lobbying internally for Labor to keep its promise to count gender and sexually diverse people in the census.
The surprising home of Indigenous art in Europe
Indigenous art curator Tina Baum is riding a wave of popularity and curiosity in Aboriginal and Torres Strait Islander culture
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World
J.D. Vance urges billionaire Peter Thiel to bankroll Trump bid
The Republican vice-presidential nominee also said big technology companies like Google ought to be broken up to promote innovation.
- Analysis
- Russia-Ukraine war
Forget Putin’s red line. It’s time to unleash the big guns
Volodymyr Zelensky this week begged the US to lift restrictions on firing precision-guided ballistic missiles deep into Russia. Washington fears a nuclear war.
US-made F-16 warplane crashed in Ukraine, killing pilot
The fighter jet went down on Monday, when Russia launched its latest major missile and drone barrage at Ukraine.
Chinese officials struggle to build ties with Trump’s campaign
The frustrated overtures come amid rising bipartisan hostility towards China and a realisation in Beijing that US policy is unlikely to become less hawkish.
US, Chinese officials to wrap up talks on Taiwan, military
US National Security Adviser says the meeting is a “rare” event, and that both countries have a responsibility to prevent competition from veering into conflict.
Property
- Exclusive
- Industrial
Rich Listers double down on industrial with $800m logistics plans
Brothers Andrew and Michael Buxton have spent almost $150m buying adjoining sites in south-east Melbourne where they are planning an $800m logistics estate.
Bleak outlook for commercial property: NAB
Sentiment and confidence waned in all states bar Western Australia with Victoria the clear under-performer in all sectors, according to an industry survey.
Guggenheim rises in the desert as Abu Dhabi morphs into expat hub
All around, there are growing signs of a big construction boom that’s changing the face of this once sleepy, oil-rich emirate.
Weekender dreaming: It’s a great time to buy a holiday home
Listings for popular getaway destinations are at their highest in five years, while demand has fallen, making now a good time to look for a holiday home.
- 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.
Wealth
The ‘mind tricks’ that will help you win property auctions
From fear of missing out to what’s known as ‘money illusion’, it’s useful to understand the psychology of real estate negotiations.
Four strategies to lower pesky lenders’ mortgage insurance
Lenders’ mortgage insurance is a costly nuisance. But if it comes down to paying a bit extra and getting into the housing market sooner, it might be worth paying.
- Opinion
- Property investment
Investing in property for yield has never looked so unattractive
Rather than dealing a fatal blow by ending negative gearing on property, governments are bringing about death by a thousand cuts.
Technology
Apple, Nvidia in talks to invest in OpenAI valuing it at $147b
The technology giants would join a multibillion-dollar funding round alongside Microsoft and Thrive Capital that would value the start-up at $147 billion.
- Analysis
- Earnings season
Nvidia’s fall shows ‘just great’ isn’t good enough any more
On the surface everything was rosy in Nvidia’s market-shifting earnings call, so why have investors headed for the door?
Ray Dalio to beta test an AI version of himself
Billionaire Ray Dalio created the world’s biggest hedge fund, now he’s recreating himself with AI to share his principles.
Work & Careers
Millions of workers could soon get more WFH rights
Millions of clerical workers could soon have the right to request working-from-home arrangements under changes being considered by the Fair Work Commission.
Inside the board meeting showdown at the Melbourne Symphony Orchestra
Contradictory accounts have emerged of a May meeting called to discuss a documentary about MSO chair David Li, underlining divisions at the orchestra.
Life & Luxury
Up your negroni game with these essential new vermouths
The last time vermouth was trendy, it was the 1970s and Cinzano was all the rage. But now it’s back and it’s come a long way.
Rodd & Gunn’s winning formula: Make him a little younger, still rugged
Having successfully expanded in the US, the Queenstown-based menswear brand expects to double revenues in a year.
The one thing I didn’t expect when I took paternity leave
For this new dad, it was the unexpected emotions around returning to work that really caught him by surprise.
Do you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
This Gen Z banking show has made greed good again
Because of the show’s sharp-witted, slickly produced treatment of money, privilege and existential emptiness, some critics have anointed it the heir to HBO’s ‘Succession’.
