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Latest news: Economy

Westpac shares slip amid profit dip, volatile outlook

Westpac shares slip amid profit dip, volatile outlook

Westpac CEO Anthony Miller says Australia is well-positioned to weather storms in the world economy and he's looking forward to working with a Labor government.

Warren Buffett announces retirement plans

Warren Buffett announces retirement plans

Warren Buffett announces retirement plans

Warren Buffett announces retirement plans

Warren Buffett, 94, has shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year

US job growth slows marginally, unemployment steady

US job growth slows marginally, unemployment steady

US job growth slows marginally, unemployment steady

US job growth slows marginally, unemployment steady

US employers have added a better-than-expected 177,000 jobs in April as the job market shows resilience.

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Australian shares edge higher for sixth day of gains

Australian shares edge higher for sixth day of gains

An early sell-off wasn't enough to derail a multi-day streak for Australian equities, which are in the green for a sixth session in a row.

Full steam ahead for cash rate cut as inflation settles

Full steam ahead for cash rate cut as inflation settles

Mortgage-holders are poised to bank an interest rate cut within weeks despite the latest inflation reading coming in slightly higher than expected.

Trump uncertainty set to smash Australian economy

Trump uncertainty set to smash Australian economy

Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.

Jobs market strong but Trump tariff bomb yet to explode

Jobs market strong but Trump tariff bomb yet to explode

Australia's jobs market is holding up better than expected, but the impact of Donald Trump-imposed tariffs is yet to play out across the globe.

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Big bite on spending swallows up hospitality businesses

Big bite on spending swallows up hospitality businesses

Big bite on spending swallows up hospitality businesses

Big bite on spending swallows up hospitality businesses

A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.

Reserve Bank call for calm is welcome amid tariff drama

Reserve Bank call for calm is welcome amid tariff drama

Reserve Bank call for calm is welcome amid tariff drama

Reserve Bank call for calm is welcome amid tariff drama

Federal Treasurer Jim Chalmers says Australia is still well-placed to navigate the economic uncertainty generated by Donald Trump's wide-ranging tariffs.

Working women key to future economic growth: bank boss

Working women key to future economic growth: bank boss

Working women key to future economic growth: bank boss

Working women key to future economic growth: bank boss

Australia has made significant strides to improve gender equity and increase female participation but the Reserve Bank's head says there is more to be done.

Bank boss alert, not alarmed over Trump tariff fallout

Bank boss alert, not alarmed over Trump tariff fallout

Bank boss alert, not alarmed over Trump tariff fallout

Bank boss alert, not alarmed over Trump tariff fallout

As rate-cut bets see-saw, the Reserve Bank governor says Australia is well placed for overseas shocks in her first speech since Donald Trump's tariff thump.

Budget-conscious millennials opting for autumn escapes

Budget-conscious millennials opting for autumn escapes

Budget-conscious millennials opting for autumn escapes

Budget-conscious millennials opting for autumn escapes

Cost of living and a shift in travel priorities loom large over autumn getaways, with millennials booking more trips than anyone else at this time of year.

China hits back with 84 per cent tariff on US goods

China hits back with 84 per cent tariff on US goods

China hits back with 84 per cent tariff on US goods

China hits back with 84 per cent tariff on US goods

China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced.

Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.

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Risks of recession casts shadow over leaders' debate

As economic headwinds emerge after US-imposed tariffs, Anthony Albanese and Peter Dutton are vying to lay claim to being the best bet to deal with them.

Don't be spooked by sliding super, funds warn members

Australians are being urged not to panic about their retirement incomes after Donald Trump's trade war sent global markets into a tailspin.

Pledge to public servants as jobs cut fight flares

Thousands of public servants are being promised no major change to employment agreements if the coalition is elected as Labor pledges to keep everything as is.

Soaring rents slow down as tenants pushed to the brink

Rents remain at record highs in every capital city despite a slowdown in price growth, says a report that finds low supply leaves landlords with the upper hand.

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Trump to raise global trade tensions with new tariffs

After weeks of growing concern, President Donald Trump is set to announce his barrage of promised tariffs that could set the stage for a global trade war.

Brick by brick, parties build election housing pitches

Tackling housing instability is key to securing an election win, with Labor vouching for build-to-rent while the coalition says Australians should own a home.

Super failings laid bare after 'deep grief, suffering'

The peak body for super funds has apologised after a financial watchdog report revealed delays were rife in paying out death benefits to bereaved families.

How Aussie explorers can visit tourism's final frontier

Australian company Intrepid hopes to help Greenland carve out a sustainable tourism path as it prepares to launch tours to the remote Arctic island.

Dire stat demands 'urgent reform' from election winner

Whoever forms government after the election will need to deliver substantive reform to fix Australia's long-term productivity challenge, economists say.

Cheaper power bills pledge as Dutton spurs gas supply

Opposition Leader Peter Dutton's budget reply has outlined an alternative vision to drive down energy costs and ease pressure on household budgets.

Labor gets tick on tax cut, Liberal fuel plan sputters

Labor's election tax cuts will provide a "meaningful" boost to the economy, while the coalition's fuel excise cuts have been labelled economically "silly".

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