ASX set for heavy sell-off after poor jobs figures hit Wall Street
The worse than expected economic news led the US sharemarket to its worst week since at least March 2023. ASX futures point to a 1.3 per cent fall on Monday.
Labor facing minority with Liberals competitive in teal seats: poll
Labor is facing the loss of up to 10 seats at next year’s election, the latest polling shows.
Murdoch family fights attempt to have legal battle televised
The Murdochs are fighting an attempt to televise their Succession-style legal battle in a row over the family’s right to privacy.
Spring selling season starts slowly as vendors wait-and-see
Auction volumes held steady during the first week of spring as vendors bet on strong initial results to help bolster prices.
Transurban’s plan on the table in Sydney toll fare overhaul
Investors are optimistic that the toll road group’s preferred option will be a serious bargaining chip as NSW prepares to overhaul Sydney’s motorway fares.
- Opinion
- Chanticleer
Office values drop 22pc in two years. When will they bottom?
That is a big fall in defensive, long-life assets. It’s part working from home, part interest rates. It can’t continue forever, but it hasn’t slowed yet.
- Opinion
- Investing
The Future Fund’s big hedge fund bets are paying off
In a horror year for active funds management, the $225 billion sovereign wealth fund has made a big bet on stock picking – and the results are looking good, writes Jonathan Shapiro.
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The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
- Opinion
- Chanticleer
‘It’s a race’: Khuda on AI, leadership and the Sydney Swans
After celebrating his $24 billion deal with a bit of rest and a footy final, the AirTrunk boss will be ready to charge into the company’s next growth phase.
AGL, nation’s biggest carbon emitter, awarded stellar ESG rating
Influential proxy advisor CGI Glass Lewis says the Mike Cannon-Brookes-backed company is being transparent about its efforts to pivot to clean power.
Can sorbet sell hard seltzer? Fellr is banking on it for the summer
The local alcohol brand faces intense competition from overseas giants, including White Claw. The tie-up with hot gelato outfit Messina appears to be working.
Star confirms sale of Treasury Casino site in scramble for cash
The troubled gaming company has ended months of speculation, pocketing a much-needed $60.7 million from selling its Brisbane property to Griffith University.
Why you pay $5.08 for a $5 coffee
The notoriously complex area of retail payment costs is in the political spotlight, and set to force a response from the central bank. Here’s how it works.
- Updated
- Courts
Westpac allegedly bullied ‘troublemaker’ staffer who raised RAMS fraud
The bank’s head of audit and risk also alleges that executives sidelined her. The prudential and corporate regulators are investigating.
Melbourne Football Club president quits amid Petracca saga
Kate Roffey has quit the board, just a week after she was heavily criticised for a radio interview about disgruntled Demons superstar Christian Petracca.
Companies in the News
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Markets
- Opinion
- Investing
Forget the data, the stage is set for substantial gains in equities
The US and Australia are inching closer to recessions, yet asset prices remain near all-time highs. Clearly, other forces are at play.
- Opinion
- Chanticleer
Don’t ignore this quiet correction on global markets
Friday night’s US jobs numbers gave markets a nasty jolt, but when we zoom out a more concerning picture emerges.
Nasdaq sheds 5.8pc on week amid rising outlook worries
The megacap techs paced losses after August’s moderate jobs data miss further frayed nerves, stoking concerns the Fed has waited too long to cut rates.
New York Fed president says time for rate cuts has arrived
A more evenly balanced economy has opened the door for a pivot, though John Williams said he has no personal view on the pace of reductions.
Earnings season surprises shake up ASX short sellers
Fortescue, Woodside Energy and Pro Medicus have topped the list of companies being bet against as hedge funds rework their strategies after reporting season.
Opinion
Shorten’s political legacy will rest on Labor reining in NDIS
He will always be remembered for losing the unlosable election. But he may ultimately come to be judged by whether he can help tame the monster social program.
Editorial
Australia’s forked tongue foreign policy
At least the Americans discern no contradiction in Australian strategic policy, but the government continues to contort its messaging.
International editor
Why is the RBA acting scared of Jim Chalmers?
The governor and deputy governor’s dangerous signals of non-independence threaten the secret sauce of central banking.
Economics professor
Brawls over RBA and ASIO as election season starts
Three institutions – the central bank, the security service, and the national census – all became political footballs this week.
Columnist
Chalmers must back the central bank he shaped
The RBA cannot fix inflation as fast as a now big-spending government wants. But the treasurer must be wary of damage to the central bank’s credibility.
Editorial
Is private credit becoming the next subprime crisis?
Investors need to consider whether they are getting sufficient additional returns for the risks that debts issued by unregulated non-bank lenders present.
Columnist
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
Record government spending sparks taxpayer-backed jobs boom
Of the 209,000 jobs filled in the six months to June 30, about half were classified as public sector, but there are questions about whether this is best for the economy.
Urgent laws needed to ban AI election fakes
AI-generated fake videos showing political leaders banning gambling advertising have prompted the government to seek the advice of the Electoral Commission.
WA vows to keep heat on PM over green laws
WA Premier Roger Cook says his state won’t stop lobbying Canberra to water down environmental protection laws.
Labor adds to census backflip on sexual orientation and gender
Treasurer Jim Chalmers revealed the 2026 survey would now include a new section on LGBTQ and additional questions on the sexuality of Australians.
Why Sydney Uni vice chancellor Mark Scott is in the firing line
Street art in Sydney University’s famed graffiti tunnel was exhibit A as Jewish groups stepped up their campaign to unseat the high-profile vice chancellor.
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World
- Analysis
- US election
One chart saved Trump’s life, but another could salvage his campaign
Recent data suggests that foreign-born workers are nabbing more jobs than native-born Americans. It’s nuanced, but the Republican nominee is capitalising on it.
Israeli protesters surge into streets as Gaza tolls grows
The new protest came as health workers wrapped up the second phase of an urgent polio vaccination campaign in Gaza.
- Analysis
- Social media
How France embraced Telegram’s Pavel Durov — before turning on him
Accustomed to mixing with the nation’s elite, the tech billionaire says he was surprised to be targeted by its legal system.
China’s economy is on the edge. Why won’t Xi rescue it?
To the rest of the world, it looks like Xi Jinping and his inner circle of economic managers have painted China into a corner. What is less well understood is that he wants to be there.
- Analysis
- US election
Left-wing misinformation on the rise
America’s right flank remains the chief purveyor of fake news, but recent tumult created ideal conditions for falsehoods to spread among progressives.
Property
- Exclusive
- Luxury property
Resort-style home linked to alleged fraudster hits market
The price guide of $16 million makes it the most expensive home on the NSW Central Coast.
- Exclusive
- Luxury property
Power couple offer $20m villa on coveted strip
Former JPMorgan MD Annabelle Mooney and her husband, Novotech CFO Rob Speedie, have listed their grand – and storied – Centennial Park estate.
The green renovations that could make you $100k
The potential to save thousands of dollars and add value to homes is enticing more households to install sustainable features when renovating.
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.
Wealth
Earning big money but still broke? It could be lifestyle creep
Routinely splurging on luxuries can leave even very high earners drowning in debt. Three ways to set yourself free.
What to do with a six-figure redundancy payout
Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances.
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.
Technology
Salesforce seals $2.8b deal for data protection startup Own
The acquisition of the data protection and management solutions provider is the biggest deal Salesforce has announced since buying Slack in 2021.
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.
Work & Careers
How to get a white-collar job without a degree
University enrolments are declining as more high-school leavers like Tony Nguyen skip campus and head straight to the workforce.
Probe over safety of Jewish students at Sydney University
The SafeWork NSW investigation follows a warning from Attorney-General Mark Dreyfus that universities have to do more to stop antisemitism.
Life & Luxury
Why men are joining book clubs
The world sleepwalked into a loneliness epidemic. Is the humble book club the remedy?
Developer to display Baker’s music trove after paying $314k
Amateur drummer Paul Lambess has already rejected requests to sell parts of journalist Glenn A. Baker’s 80,000 records and CDs.
How to start your own book club
So, you and a couple of your friends have embarked upon a quest to read more? Here’s how to get your book club up and running – and enduring.
- Opinion
- Music festivals
Who decides on the fair price of an Oasis ticket?
Outrage over computer-driven ticket prices to see a legendary band has left music fans and the British government in a muddle.
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.
