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Latest news: Economy, Business and Finance

Governor takes aim at tax barrier to economic mobility

Governor takes aim at tax barrier to economic mobility

The Reserve Bank has set its sights on one tax it says keeps owners of big homes from downsizing and people from relocating for better jobs and pay.

Young Australians told not to fret lower super balances

Young Australians told not to fret lower super balances

Young Australians told not to fret lower super balances

Young Australians told not to fret lower super balances

The median super balance for Australians aged 65-69 is $208,143, below recommended benchmarks to live comfortably in retirement.

Super Retail chair survives protest vote after scandal

Super Retail chair survives protest vote after scandal

Super Retail chair survives protest vote after scandal

Super Retail chair survives protest vote after scandal

Super Retail enjoyed 4.5 per cent financial year-to-date sales growth but its AGM was focused on the board's decision to sack chief executive Anthony Hegarty.

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Top four iron ore miner happy with early-year shipments

Top four iron ore miner happy with early-year shipments

Fortescue has had a strong start to the financial year after shipping almost 50 million tonnes of iron ore in the first quarter.

Retaliation: US considers broad software curbs on China

Retaliation: US considers broad software curbs on China

The Trump administration is weighing a dramatic escalation of its showdown with China, over Beijing's latest rare earth export restrictions.

Tesla's record third-quarter revenue tops forecasts

Tesla's record third-quarter revenue tops forecasts

"While we face near-term uncertainty from shifting trade, tariff and fiscal policy, we are focused on long-term growth and value creation," Tesla says.

'Wild' $2m forecast for nation's priciest house market

'Wild' $2m forecast for nation's priciest house market

It's a great time to own a home but a tough time to buy one, with values rising fast in the regions and every capital.

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America first, but not America only: Sinodinos says

America first, but not America only: Sinodinos says

America first, but not America only: Sinodinos says

America first, but not America only: Sinodinos says

Winning the strategic contest in the Pacific requires Canberra to sharpen its focus and broaden its circle of friends, a foreign policy expert says.

'Bang for our buck': Aussie firms get tender headstarts

'Bang for our buck': Aussie firms get tender headstarts

'Bang for our buck': Aussie firms get tender headstarts

'Bang for our buck': Aussie firms get tender headstarts

Australian businesses will have their first opportunity in more than 20 years to get first dibs on more lucrative government contracts before overseas rivals.

Australia's great timing in mega-deal with Donald Trump

Australia's great timing in mega-deal with Donald Trump

Australia's great timing in mega-deal with Donald Trump

Australia's great timing in mega-deal with Donald Trump

Australia's critical minerals deal could be a boon for local miners but the timing is also to US President Donald Trump's advantage as he tangles with China.

Australian battery breakthrough to target industry

Australian battery breakthrough to target industry

Australian battery breakthrough to target industry

Australian battery breakthrough to target industry

Batteries that deliver 20 per cent more energy over their lifetimes are the promise of a startup hoping to crack the "missing middle" commercial market.

Million buck benchmark loses sparkle in house value run

Million buck benchmark loses sparkle in house value run

Million buck benchmark loses sparkle in house value run

Million buck benchmark loses sparkle in house value run

One in every three property markets in Australia have a median value of $1m after fresh gains across the country, led by Queensland.

Flood risk already raining on Australian home prices

Flood risk already raining on Australian home prices

Flood risk already raining on Australian home prices

Flood risk already raining on Australian home prices

One type of natural disaster has depressed the value of more than two-thirds of Australian homes that sit in the firing line, new analysis finds.

Best mates: White House meeting firms PM-Trump ties

Best mates: White House meeting firms PM-Trump ties

Best mates: White House meeting firms PM-Trump ties

Best mates: White House meeting firms PM-Trump ties

The prime minister's long-awaited meeting with the US president has gone off almost without a hitch, a former ambassador says.

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From gigabits to terabits: fibre to fire up downloads

A fibre optic internet backbone will deliver internet speeds up to six times faster as well as a multi-billion-dollar boost to Australia's economy by 2040.

Supercheap Auto owner moves quickly to name new CEO

Super Retail Group has promoted the leader of its BCF (Boating, Camping, Fishing) chain to lead its overall business after its last CEO was fired.

Amazon's cloud unit back to normal after global outage

Normal operations have resumed at Amazon's cloud unit AWS after it was hit by a major outage that disrupted many of the world's biggest websites.

Miners delight in rare earths funding in US-Aust pact

Australia will step up gallium, neodymium and praseodymium production and send it to the US after an investment and security pact hailed by the mining sector.

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'I don't like you either': Trump hits back at Rudd

Snarky remarks from Donald Trump directed at ambassador Kevin Rudd have been dismissed as 'tongue in cheek' humour following crucial talks at the White House.

Websites, apps down in Amazon cloud unit outage

Disruption affecting Amazon Web Services has led to a spike in reported outages across a wide range of internet services, including Fortnite and Snapchat.

Ley reveals tax cuts, backflips on unpopular policies

The coalition has outlined priorities it will take to the next election, with leader Sussan Ley attempting to win back voters after a stinging defeat.

Monash IVF strips former execs of bonuses after mix-ups

Two former top executives at Monash IVF will not receive bonuses after two mixed up embryo transfers damaged the company's reputation.

NRL powerhouse pips AFL goliath as most valuable club

A four-straight NRL champion has eclipsed the AFL's marquee team in brand value, with high-flying football clubs surging in value according to a survey.

PM lands for Trump talks as leaders bullish on subs

The pressure is on the prime minister to deliver results on tariffs, submarines and more in his first major meeting with US President Donald Trump.

Albanese bound for critical talks with Donald Trump

Prime Minister Anthony Albanese has left Australia en route for a high-stakes meeting with US President Donald Trump.

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