- Opinion
- US election
Harris flips on key issues in scramble for middle voters
In her first media interview aired on CNN, the Democratic candidate showed she is willing to switch her views to win over crucial middle and undecided voters.
- Live
- Need to Know
No evidence potential $14b sale misconduct hurt taxpayers: Elliott
WATCH LIVE: ANZ’s Shayne Elliott faces questioning in the big four banks review; Kamala Harris says in CNN interview she was cooking bacon when Biden quit. Follow live updates.
Bank boss outraged by 10pc transaction fee for coffee
The Reserve Bank is already scrutinising the growing practice of adding a fee to the cost of a purchase to cover the cost of processing the transaction.
- Opinion
- Chanticleer
The Star’s still too big to fail. Its redemption rests with one man
The Star will be given yet another lifeline. But its new rescuer-in-chief faces an incredibly difficult task.
- Opinion
- Inflation
Beware the threat of reaccelerating inflation in 2025
It is awfully hard beating inflation out of the system without a real recession. Most soft landings have ended up triggering even higher interest rates, writes Christopher Joye.
UK workers to gain right to four-day week, business ‘petrified’
A new package of legal rights is set to include “compressed hours”, which lets an employee work their contracted week’s hours in four days rather than five.
- Live
- Markets Live
ASX rises as Downer EDI climbs 18pc; Star halts trading
Shares climb; Downer EDI swings to profit; Star given last chance to turn around Sydney casino culture; Ramsay Health Care shares slump; July retail sales flat. Follow updates here.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
SPRING PROPERTY
Don’t be tricked by these sneaky auction tactics
From fear of missing out to what’s known as ‘money illusion’, it’s useful to understand the psychology of real estate negotiations.
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 doing.
- 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.
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
Star given last chance to turn around Sydney casino culture
A report authored for the NSW regulator was scathing in its assessment of the company’s former chief executive and its current chairwoman, Anne Ward.
CBA’s chief economist says farewell with a prediction about the future
Stephen Halmarick spent four years advising the country’s largest bank and its customers on what’s going to happen next. Now he’s making his own plans.
Maggie Beer’s year from hell as food group suffers big loss
The gourmet food producer, which has the celebrity chef as a director, is going through turmoil at the top, with the CEO and CFO departing in the past fortnight.
Post office closures and bank service changes loom after $88m loss
The end of daily letter deliveries to households and businesses has not stemmed the bleeding at government-owned Australia Post.
Downer EDI back in the black as cost-cutting pays off
The contractor’s shares soared on Friday as it swung back into profit and proved it could increase earnings margins.
- 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.
Companies in the News
Search companies
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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
Why Paul Keating is furious with Jim Chalmers
For the first time, the former Labor leader is slamming the Albanese government on economics rather than AUKUS. It’s all about the politics of aspiration.
Editor-at-large
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
Beware the threat of reaccelerating inflation in 2025
It is awfully hard beating inflation out of the system without a real recession. Most soft landings have ended up triggering even higher interest rates.
Columnist
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
Trump can still showboat his way to the White House
No modern politician knows how to make an entrance like Donald Trump, but his uncommon talent for working crowds has to overcome his ability to alienate half the electorate.
Leadership coach
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
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
Watchdogs ill-equipped to investigate union thuggery: Victorian report
The review into Victoria’s construction sector follows an investigation into illegal and unethical behaviour at taxpayer-funded worksites, but the opposition has labelled it a ‘whitewash’.
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.
SPONSORED
World
- Opinion
- US election
Trump can still showboat his way to the White House
No modern politician knows how to make an entrance like Donald Trump, but his uncommon talent for working crowds has to overcome his ability to alienate half the electorate.
Telegram’s Durov built a haven for free speech – and child predators
The Russian-born billionaire’s indictment in France has drawn outrage from supporters. But his platform hosts some of the vilest stuff on the internet.
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.
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
Don’t be tricked by these sneaky auction tactics
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 doing.
- 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
The directors under 50 making their mark on top ASX boards
BOSS talks to five directors under the age of 50 about their careers and the experience they bring to the boards on which they serve.
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.
Life & Luxury
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.
11 things that are making you old before your time
You can avoid the pitfalls of ageing by befriending the young, tackling stairs, cutting back on your pill intake – and more.
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.
