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Latest news: Economy

Slower US consumer price growth boosts rate cut hopes

Slower US consumer price growth boosts rate cut hopes

Expectations for an interest rate cut in 2024 have been given a boost by US consumer prices increasing less than expected in April.

Rising costs won't stop that special bouquet for mum

Rising costs won't stop that special bouquet for mum

Rising costs won't stop that special bouquet for mum

Rising costs won't stop that special bouquet for mum

Florists are preparing for the surge of sales ahead of Mother's Day this Sunday with people expected to spend about $1 billion on presents for their loved ones.

Australia's love of big vehicles comes with big costs

Australia's love of big vehicles comes with big costs

Australia's love of big vehicles comes with big costs

Australia's love of big vehicles comes with big costs

The popularity of large SUVs and utes is driving higher costs, a report reveals the average household's annual spending on transport has risen by 10 per cent.

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Australia could cut global emissions with green metals

Australia could cut global emissions with green metals

Australia could remove much more than its share of greenhouse gas emissions by using its natural advantages, a business leader argues.

Grocery prices temper as supermarket scrutiny grows

Grocery prices temper as supermarket scrutiny grows

Price inflation has moderated as the supermarkets contend with criticism, including a government report that recommends breaking up the industry's big players.

Price of Aussie farmland set for slower growth

Price of Aussie farmland set for slower growth

After three consecutive years of double-digit growth, momentum in the price of Australia's farms will slow, with cropping land to outperform grazing land.

Rooftop solar, electric cars could solve energy puzzle

Rooftop solar, electric cars could solve energy puzzle

Savvy households could lead Australia's transition to clean energy with solar panels, batteries and electric cars, a report has found, but reforms are needed.

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New arrivals feeling unfair blame for rental crisis

New arrivals feeling unfair blame for rental crisis

New arrivals feeling unfair blame for rental crisis

New arrivals feeling unfair blame for rental crisis

A poll shows almost half of all migrants and refugees feel they are copping the brunt of Australia's housing affordability crisis.

Great fracking day: territory inks mega gas deal

Great fracking day: territory inks mega gas deal

Great fracking day: territory inks mega gas deal

Great fracking day: territory inks mega gas deal

The NT will buy gas fracked from the Beetaloo basin in a nine-year deal the government claims will boost the territory's economy and ensure cheaper power bills.

Global tensions, China slowdown casts budget shadow

Global tensions, China slowdown casts budget shadow

Global tensions, China slowdown casts budget shadow

Global tensions, China slowdown casts budget shadow

The threat of escalating conflict in the Middle East has cast further uncertainty over Australia's pre-budget economic outlook, the treasurer has warned.

Critical minerals loan will help export sector grow: PM

Critical minerals loan will help export sector grow: PM

Critical minerals loan will help export sector grow: PM

Critical minerals loan will help export sector grow: PM

Anthony Albanese says a $400 million loan to the critical minerals sector will help expand exports into nearby southeast Asia.

TikTok says it boosts economy by $1.1b amid ban threat

TikTok says it boosts economy by $1.1b amid ban threat

TikTok says it boosts economy by $1.1b amid ban threat

TikTok says it boosts economy by $1.1b amid ban threat

TikTok delivers a significant economic boost to the Australian economy, a report has found, in what experts say is an attempt to prove its worth.

Tuning out: party ends for a third of music festivals

Tuning out: party ends for a third of music festivals

Tuning out: party ends for a third of music festivals

Tuning out: party ends for a third of music festivals

A landmark report into Australia's live music festival sector has revealed at least one in three events lose money.

Cattle prices to soar but steaks shouldn't cost more

Cattle prices to soar but steaks shouldn't cost more

Cattle prices to soar but steaks shouldn't cost more

Cattle prices to soar but steaks shouldn't cost more

Analysts say cattle prices are set to soar over the next two years but the cost of beef in the supermarket may not break the bank.

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Musicians singing the blues in an underpaid industry

As the nation's live music sector struggles to bounce back post-pandemic, a survey has revealed the extent to which musicians are being short-changed.

Wage review should consider tax cuts: retail bosses

The retail sector wants the workplace umpire to be more conservative as it considers the size of the next annual pay rise for millions of low-paid workers.

Armaguard seeks new talks after $26m deal rejected

Armaguard is still keen to negotiate a cash injection from some of the nation's biggest banks and retailers after rejecting a $26 million deal.

Armaguard rejects deal, Coles resumes cash deliveries

Lindsay Fox's Linfox will pump millions of dollars into Armaguard, after concerns about the currency delivery business prompted Coles to pause cash orders.

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Households struggle in face of increasing grocery costs

Australians are feeling the pinch from "sharp increases" in living costs amid rising grocery prices, a national consumer survey shows.

Amazon plans to recruit 'a handful' of small businesses

US retail giant Amazon has revealed plans to expand its delivery network in Sydney, Melbourne and Brisbane using local small businesses.

Farmland value doubles in a decade but fewer sales

Australian farmland has more than doubled in price per hectare during the past decade, according to the latest data from ABARES.

Australian Bitcoin buffs say 'bull run' just beginning

Australian cryptocurrency enthusiasts are confident "it's a brand new world" after Bitcoin hit the highest price in its 15-year history.

Some green shoots ahead for agricultural production

Agricultural production is expected to rebound slightly for 2024/25 following predicted falls of 15 per cent to $80 billion for 2023/24.

Australian broadband to get a speed boost, but slowly

More than nine million households and businesses could get a significant boost to their broadband connection later in 2024 following fibre upgrades.

Focus on Australia's role in SE Asia's food security

A parliamentary committee will examine the role Australian agriculture has to play in the Southeast Asian market, and how it can support food security.

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