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The search is on for the 2025 Best Places to Work.

Nominate now.

The RBA on Tuesday is widely expected to keep the cash rate steady.

ASX drops before RBA; Light & Wonder dives 16pc

Banks drag shares lower; Iron ore spikes on China rate cut; Light & Wonder loses in Nevada; Cettire releases audited results; $A hits nine month high. Follow updates here.

Latest Posts

Last updated 36 mins ago

China unleashes stimulus blitz to hit annual growth goal

The central bank announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since at least 2020. It also cut a key policy rate.

Australia’s most powerful people in property for 2024

Interest rates and construction costs are wreaking havoc and creating new winners and losers. Perhaps the biggest power shift is the fading influence of the CFMEU.

PwC revenue slumps $820m after tax leaks scandal

Takings fell by more than a quarter to $2.35 billion in 2023-24, making it PwC Australia’s worst decrease ever, as the fallout from the crisis continues.

Musk could be biggest loser of Biden’s Chinese car ban

Gina Raimondo, the US commerce secretary, raised the terrifying scenario of a rogue state controlling America’s cars remotely.

Australians flying to Lebanon defies ‘commonsense’: PM

Anthony Albanese says people are flying to Lebanon despite warnings; Penny Wong is “deeply concerned” about Israel, Hezbollah escalations; US to send more US troops to Middle East. Follow live updates.

Trump has a radical economic plan. Critics say it does not add up

The Republican candidate is promising sweeping new tariffs, including a 60pc levy on Chinese goods. Experts warn they would cause huge damage.

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Companies

The competition commission has launched two separate lawsuits against Woolworths and Coles, led by Amanda Bardwell and Leah Weckert.

Woolworths, Coles faked discounts on hundreds of products, says ACCC

The regulator is suing the country’s two biggest supermarkets, claiming they told customers prices were falling when they were actually higher than before.

CBA managing director of blockchain and digital assets.

CBA crypto experiments held up in regulatory bottlenecks

Unanswered questions from a myriad of regulators are stifling Australia’s largest bank from advancing cryptocurrency and digital asset projects.

The changes of price at Coles and Woolworths were tracked closely by users on X, TikTok and Reddit.

It was cybersleuths who (allegedly) caught Woolies, Coles in the act

In the end, it wasn’t the government, or Treasury, or a parliamentary committee that caused the biggest headache for the country’s supermarket giants this year.

Rightmove’s website is the most popular real estate listing platform in the UK.

Britain’s Rightmove to ‘carefully consider’ REA’s $12b takeover bid

News Corp’s real estate platform increased its offer to almost $12 billion after its first two bids were swiftly rejected by the UK’s biggest property portal.

REA’s big British bet haunted by ghosts of failed deals past

First it was BHP Group – now REA is having a tough time swallowing a UK target, namely real estate portal Rightmove. The parallels are stark.

Telix on $1b spending spree to build US radiopharmacy network

The biotech is investing heavily in global networks that will enable it to control the supply and distribution of nuclear medicines used to treat cancer.

Cheese and milk producer Beston goes bust as Japanese suitor walks

The company behind the Edwards Crossing Cheese Company and Mables brands has called in administrators, owing more than $55 million to National Australia Bank.

Companies in the News

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Markets

Richard Galvin, of DACM spoke at the The Australian Financial Review Crypto and Digital Assets Summit in Sydney on Monday.

Go long and let others take the risk: crypto fundies’ top strategies

Some of Australia’s best performing digital asset managers have told investors to ignore the noise when mulling a bet on cryptocurrencies.

The sun is setting on the days of huge payouts from ASX miners.

ASX in the ‘dividend doldrums’ as boards hoard cash

The Australian sharemarket had one of the sharpest declines in payouts in the world in the second quarter and the outlook is not much better, investors warn.

The New York Stock Exchange.

What happened overnight? Wall Street rose as rate-cut path came into sharper focus

Australian shares were set to open down. The RBA was expected to hold rates steady in its decision at 2.30pm. Gold reset its record, copper gained, iron ore fell and oil slipped.

Kashkari backs two more Fed rate cuts

Federal Reserve Bank of Minneapolis president Neel Kashkari says he expects two more quarter-point rate cuts from the Fed this year.

Industry veteran builds ‘better’ model to pick ASX winners

Former Credit Suisse alumni John Birkhold has spent years developing a model that undoes traditional ways of investing – he’s now about to turn it on the ASX.

Opinion

Coles and Woolworths score own goal on dodgy discounts

The big supermarket chains have already lost the public relations war over the ACCC’s allegations of fake discounts. What’s the next move?

Dutton nuclear policy sell fails to add up the cost

The energy future of Australia requires details – and lots of them – so that voters can make an informed choice. 

The AFR View

Editorial

The AFR View

Dutton’s nuclear folly is an economy wrecker

Under the Coalition, Australian manufacturing would face a decade of uncertainty and taxpayers would finance the renationalisation of electricity generation.

Craig Emerson

Former Labor minister and economist

Craig Emerson

Labor sings vastly different tunes on supermarkets and Qantas

Aviation is much more concentrated than supermarkets, yet the government seems to accept that the airline industry should remain anticompetitive.

Ayesha de Kretser

Senior reporter

Ayesha de Kretser

Did ‘illusory’ discounts from Coles, Woolies really mislead consumers?

The murky legal issue for the ACCC case against the big two supermarkets is what constitutes a “reasonable” period between a price increase and a subsequent promotional saving.

Robert Hadler

Consultant

Robert Hadler

Liberals desperately need to end the Pesutto-Deeming drama

A climb down by both sides in this libel case would better for the Victorian Liberals than a damning Federal Court judgment.

Terry Barnes

Policy consultant

Terry Barnes

Reports

Executive Education - lifelong learning

This special report looks at lifelong learning, focusing on the impact and efficacy of leadership courses designed for top-tier managers and business leaders.

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Politics

‘Beyond our capacity’: Wong warns Australians in Lebanon

Beirut’s airport is on Israel’s target list but would only be hit if Hezbollah keeps attacking Israel, an IDF expert has warned.

Dutton said the cost of his nuclear plan would be released before the next election.

Coalition nuclear policy relies on coal for longer than experts expect

Opposition leader Peter Dutton has conceded that the Coalition’s nuclear policy relies on an extended use of coal power and a sharply increased role for gas power.

Why do I have to pay more for others’ free childcare?

Readers’ letters on who bears the cost of childcare subsidies; bitcoin going mainstream; the BCA and populism; the cost of nuclear energy; CFMEU members’ fears; and the benefits of hip replacement.

ASIC wants crypto start-ups to hold financial services licences

The corporate regulator will appear at the AFR Crypto and Digital Assets Summit on Monday with a warning to developers in the polarising sector.

Only Labor can form majority government: Albanese

Prime Minister Anthony Albanese has stepped up his stability pitch to voters by disparaging the Greens as a party of extremists

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World

Residents flee Lebanon’s southern villages amid ongoing Israeli airstrikes.

Thousands flee in Lebanon as Israeli strikes kill 500

Benjamin Netanyahu warned civilians to “get out of harm’s way” as the attacks caused the largest one-day death toll for decades.

Rescuers sift through the rubble for the missing after an Israeli strike in Beirut’s southern suburbs.

Israel’s deadly gamble is looking even riskier

The intensifying strikes on Lebanon show how determined Tel Aviv is to stop Hezbollah’s cross-border attacks, and how far it is from achieving that goal.

Tesla could be in China’s crosshairs after the US announced plans to ban Chinese software and hardware in connected vehicles.

Elon Musk could be biggest loser of Biden’s Chinese car ban

Gina Raimondo, the US commerce secretary, raised the terrifying scenario of a rogue state controlling America’s cars remotely.

Bitcoin bros could swing US election: Scaramucci

The former communications director for the Trump presidency said 2 million voters could swing on the candidates’ differing digital asset policies.

Why it’s dangerous to be super rich in China

The number of billionaires has fallen 35 per cent in China, and corporate leaders may be devaluing their wealth, amid fears the state is targeting the rich.

Property

The Adelphi Hotel has been put into administration.

Hospitality empire on brink as Adelphi Hotel put in administration

Virtical group, which exploded on to the Sydney and Melbourne pub scene last year, has lost control of its two biggest assets.

The two-bedroom house at 3 Gipps Street in inner-western Sydney’s Birchgrove sold pre-auction for $2.35 million.

Sell in the first two weeks, or wait? They sold, for $2.35m

There were many people looking, but few buying. When the vendor of this Sydney home secured two potential buyers, they acted. Quickly.

Hotel mogul Jerry Schwartz at his Sofitel Sydney Darling Harbour hotel.

‘Pay to stay’: Average Sydney hotel room rate to hit $426 by 2033

Sydney will be the standout hotel market over the next decade as occupancy rises to 86pc and few new hotels are completed to keep up with demand.

Cheap no more: where the buyer rush has blunted home affordability

Housing affordability has worsened sharply in some of the country’s cheaper areas amid strong demand.

Apartments taking two-and-a-half years longer to deliver: Urbis

The forecast delay in supply comes as pressure is increasing on the federal government to navigate political opposition to key planks in its housing policy.

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Wealth

There are a few tricks to follow when it comes to picking the best card.

Perks, points and fees: How to choose the right credit card

Understanding the four credit card types will help you make smart choices.

Let others take the risk: crypto fundies’ top strategies

Some of Australia’s best performing digital asset managers have told investors to ignore the noise when mulling a bet on cryptocurrencies.

The $1 rule, and 43 other easy ways to be better with money

Not everything about money has to be hard. We asked experts for their top tips on how to be better at saving, budgeting and investing.

Technology

Evolt 360 co-founders Ed Zouroudis and Kelly Weideman in New York where the company is rolling out its body scanning devices to clinics.

ASX hopeful Evolt 360 reveals plans to cash in on Ozempic boom

The founders of body scanning company are hoping to list on the stock market before Christmas, backed by investors including Regal, Soul Patts and Perennial.

Indebted founder and chief executive Josh Foreman has relocated to the US, its most lucrative market.

Digital debt collector worth $350m after big money raise

Business booms for InDebted when cost-of-living hits consumers. It has attracted new investors, including a super fund to back a rare valuation increase.

Can a robot be too human? This one can

Ecovacs’ latest robovac cleans more like a human does than anything we’ve ever seen. But that’s not always a good thing.

Work & Careers

Young women are leaving men behind (and not only at uni)

Females are now not only more likely than males to be caring for family members, but also to be in work or full-time education.

Australia’s most powerful deal makers in 2024

If investors step up and hit the bid on those valuations, the market will see real momentum. If not, it will be the same painful conversation about dry powder next year.

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Life & Luxury

Our fashion editor’s guide to shopping in New York City

Personally researched and painstakingly compiled, it will save you time and possibly even money. Your retail therapy journey starts here.

Cripps, again. But Brownlow standouts may not be who you think

Carlton’s Patrick Cripps blew the competition out of the water at AFL’s highest individual accolade. Here’s a closer look at the history of Australian rules’ highest honour reveals a startling fact about this year’s finalists.

Can a robot be too human? This one can

Ecovacs’ latest robovac cleans more like a human does than anything we’ve ever seen. But that’s not always a good thing.

Journalist Antoinette Lattouf and Melbourne Symphony Orchestra pianist Jayson Gillham.

The war at the centre of the arts

The conflict in Gaza hangs heavily over theatres and galleries, as animosities lead to a wave of resignations, donor withdrawals and boycotts.

Grace Brown

Amazing Grace Brown won’t ride back on retirement call

The Olympic champion became the first woman to win both the Olympic Games and world time trial titles in the same year

From the gallery