No let-up in government’s spending splurge
Labor has left the door open to doling out extra cost of living assistance, even as economists warn that the rapid growth in spending is fuelling inflation.
- Live
- Markets Live
ASX to rise, markets await US jobs report
Shares are set to edge higher; US stocks closed mostly lower ahead of August’s jobs report; iron ore extends decline. Follow updates here.
- Opinion
- Canberra Observed
Just maybe, the worm has started to turn on the cost of living
The short-lived census row has sharply reminded the government that it cannot take its eye off the economic ball now, writes Phillip Coorey.
- Live
- Need to Know
Hunter Biden pleads guilty to $2.1m tax failure
Biden was charged with failing to pay tax while spending lavishly on drugs and sex workers; Macron turns to veteran Brexit hardman as French PM. Follow live updates.
- Opinion
- Chanticleer
Why this fundie is watching the ‘housing Ponzi scheme’ so closely
From banks to healthcare stocks, the pain of poor housing affordability – and an uneven economy – is shaping Martin Conlon’s thinking.
Trump vows 15pc corporate tax, taps Musk for federal audit
The Republican nominee for president also said, if elected, he would create a sovereign wealth fund for the US to invest in “great national endeavours”.
Farmers slam call to create huge forest to reduce emissions
The Climate Change Authority review sparked criticism from the agricultural sector over a call for large-scale forestation.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
review
Learning to live with 50 degree temperatures
From Dubai to Mumbai, cities are having to adapt to hotter summers, often exacerbating economic inequality in the process.
Trump courts the ‘bro vote’, which could just swing the election
A constellation of YouTubers, pranksters and streamers is helping Donald Trump win his frat-boy flank – 18-to-29-year-olds who Republicans believe may just win them the poll.
- Analysis
- World politics
No one is talking about the world’s worst humanitarian crisis
Sudan’s catastrophic war could kill millions and spread chaos across Africa and the Middle East as huge numbers of refugees flee the country.
This poker pro wants to teach you how to be a better gambler
Nate Silver’s account of the gaming industry can be read as a useful manual for aspiring card sharps and professional sports gamblers, but it doubles as an indictment.
- Opinion
- Israeli-Palestinian conflict
The 5 things university students should be protesting about
Here are some alternative focal points for outrage and protest, particularly for morally energetic university students.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
TPG Telecom, Optus network-sharing deal gets ACCC approval
TPG Telecom will market its mobile phone services to more Australians after the competition regulator said it could share networks with Optus in regional areas.
- Opinion
- Chanticleer
Vodafone gets a start in the bush, now to make it work
Vodafone’s never been able to justify going to the bush. It needs at least 100,000 more customers to make its new deal work.
Vow to release secret Queensland report into Star’s HK partner
The report into Star Entertainment’s marquee Brisbane casino examined possible criminal links with one of its business partners.
Brookfield’s Healthscope deal leaves a sick feeling
A weakened Healthscope is the face of the backlash agitating for more funding from the private health insurers.
Khuda sets $100b valuation target for AirTrunk’s next trick
Billionaire Robin Khuda has praised his own foresight in investing in data centres tailor-made for tech giants after creating a $24 billion business in less than a decade.
Apollo sell-down wipes $530m from Challenger
Investors and analysts are blaming the rout on what they claim are overblown concerns over the future of Challenger’s relationship with the private equity giant.
Arcadium to mothball Mt Cattlin amid low lithium prices
The collapse in lithium prices has claimed its first major victim in Western Australia.
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Markets
Markets brace for more bad news on US economy
Traders have ramped up bets on rate cuts by the Federal Reserve.
What happened overnight? The S&P 500 dropped as jobs data loomed
Australian shares were set to edge up, reversing earlier losses. US equities were mixed as the debate over how much the Fed should cut rates this month raged.
Copper’s mega-bulls are ‘throwing in the towel’
Once hailed as the decade’s best commodity bet, investors are being forced to temper their expectations following a near 20 per cent slump in prices.
The alternative to high interest rates is recession: Bullock
Michele Bullock has stressed the necessity of high rates just days after Treasurer Jim Chalmers said the central bank’s actions were “smashing the economy”.
This chip maker is still cheap despite rallying nearly 60pc this year
Pella Funds Management’s Jordan Cvetanovski says the market is too conservative on Taiwan Semiconductor, the leading producer of advanced chips for Apple and Nvidia.
Opinion
The MSO brought this row on itself
Young self-absorbed artists and old complacent arts organisations like the MSO don’t understand that great art is powerful because it transcends politics.
Columnist
Playing Solomon on bitter divisions in private health
Health Minister Mark Butler’s review must eventually produce healthier private hospitals and health insurers that pass on the benefits in lower premiums.
Editorial
Bullock fights her own war
RBA governor Michele Bullock took to the podium on Thursday on a mission to avoid a war of words with the treasurer.
Senior reporter
Government spending plays hero and villain
Jim Chalmers says the weakness of the economy justifies high government spending. He doesn’t want voters to link that with interest rates and inflation.
Columnist
It’s time Australia put the guardrails on its gambling habit
The public is ready for gambling reform, if only politicians were brave enough to take it up.
Budget expert
Just maybe, the worm has started to turn on the cost of living
The short-lived census row has sharply reminded the government that it cannot take its eye off the economic ball now, writes Phillip Coorey.
Political editor
Reports
Clean Energy - the bumpy transition
This special report looks at how Australia is tracking to meet net zero goals, and the new technology that can help us get there.
Politics
Departing Shorten confident NDIS can be brought under control
The former Labor leader and party powerbroker will leave federal politics after six terms to become vice chancellor of Canberra University.
- Analysis
- Federal election
From Beaconsfield to Bruce: Labor’s loss will be education’s gain
Bill Shorten will rival, if not supplant, Kim Beazley as the best prime minister Labor never had.
Major blue-collar union splits from ACTU
Electricians, posties and plumbers have resolved to disaffiliate from the ACTU over its support for the CFMEU administration laws, in a historic split.
- Opinion
- Political leadership
With a half-smile, Bill Shorten bows out of politics on his terms
The former federal Labor leader has no regrets about calling it quits to become a university vice chancellor.
CFMEU organiser charged with threats to kill
The charges against the senior CFMEU organiser are the first since a joint investigation into the union.
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World
Macron turns to veteran Brexit hardman as French PM
The French president, boxed in by the parliamentary deadlock he created via a snap election in June, has named 73-year-old Michel Barnier as prime minister.
Trump will hit clean energy and any nation linked with Asia
If Donald Trump wins the White House, investors should be prepared for a drop in climate change investments and worse US relations with the world, his former adviser says.
Secrets of an unassuming NY official accused of working for China
Charges against Linda Sun are the latest in the efforts of the US Justice Department to stop efforts by the Chinese government to secretly wield its influence in the country.
Germany faces jobs crisis ‘of a thousand cuts’
Highly paid manufacturing work is no longer easy to come by in the eurozone’s largest economy.
Joe Biden set to block Nippon Steel’s takeover of US Steel
The Japanese bid for the Pennsylvania-based company has become a flashpoint in the Harris-Trump presidential contest.
Property
Social housing offers 8-12pc infrastructure-like returns
As Australia grapples with how to channel institutional money into new housing, the $10b HAFF fund offers a way to invest that Australia hasn’t had before.
Inside the high-tech sheds worth $24b to AirTrunk
From a single room holding a hard-working mainframe, data centres have evolved into major pieces of high-powered, high-tech infrastructure.
The suburbs where housing risks are rising
Risks of sharper house price declines are emerging across many areas in Melbourne as listings surge and demand falls.
Time to buy into REITs: Barrenjoey
Property stocks have weathered the interest rate storm, according to Barrenjoey, who say investors could be “well served” to increase their exposure.
Investors claim mismanagement of Elanor’s $500m hotel fund
The $500 million hotel fund – part of a $6b real estate platform – is at the heart of refinancing issues facing the ASX-listed fund manager.
Wealth
Help! I’m trapped in my legacy pension product
A reader with $4.3 million in superannuation wants to know how he can exit an outdated, market-linked pension.
We have $360,000 in super. Are we wealthy enough for an SMSF?
There has been much debate about the appropriate dollar threshold for do-it-yourself super.
- Opinion
- Flat Chat
Why it’s important to maintain the rage in your unit block
Property investors can be drawn into a conspiracy of mutually enabled silence with rental agents – neither party wants any hassles. But that’s ultimately a costly strategy.
Technology
Inside the Swedish lolly craze sweeping TikTok
The world has gone mad for Scandinavian confectionery, thanks to a viral social media post about the high-quality, low-sugar sweets.
Apple, Google, parents should stop kids using social media apps: Meta
The company behind Facebook and Instagram says Apple and Google and their app stores are better placed to prevent children joining social media.
- Opinion
- Digital Life
Google or Samsung, which folding phone is best?
Google’s folding Pixel phone has finally come to Australia, so we’ve put it head to head with the incumbent.
Work & Careers
What this CEO learnt from the Russian invasion of Ukraine
Moscow’s move gave Fujitsu global CEO Takahito Tokita the impetus to buck the trend of Japanese corporates focusing exclusively on Japan.
What this exec has learnt from becoming a CEO at 29
In 2022, Rajneen Arora was the GM of Best Gift Group when the hospitality gift card company fielded a buyout offer. The deal was contingent on Arora becoming its chief executive.
Life & Luxury
If you want to get a sense of America, head to Virginia
As the US prepares for another feverish election, it’s timely to consider the country’s long-buried origin story.
The watch that works with Formula 1 and Red Bull Racing
Tudor has a new collection for the America’s Cup, which blends the best of then and now in two Alinghi models.
The interior decorators in the spotlight for their beautiful spaces
Looking for a home refresh to enhance your signature style or soften hard lines? These three women have the know-how.
The brands finding a niche in repurposing jewellery
Owners with strong emotional ties to their heirlooms are giving them a makeover.
What I’ve learnt from a year without booze
Author Rob Temple almost died due to alcohol abuse. Now, he shares the unexpected perks of sober life.
