ASX loses ground after Wall Street and European markets start 2024 with losses and rate fears
Australia's stock market lost 1.37 per cent today, while big insurers bucked the trend and gained value despite ongoing severe weather events on the east coast — as it happened.
Australian shares could reach a record high in 2024, but a possible recession threatens that outlook
Key market and currency watchers say the Australian share market is likely to outperform other major financial markets in 2024 and the Australian dollar will trade higher against the greenback, with or without interest rate cuts.
Home ownership 'even more out of reach' for many with home prices surging in 2023
Sydney remains the most expensive city in the country to buy a property with the average home in Greater Sydney now worth almost $1.13 million.
More than half of the most catastrophic Black Saturday bushfires were started by high-voltage powerlines
This summer is predicted to be Victoria's most dangerous bushfire season in recent years. Some fear power companies haven't done enough to mitigate risk.
'YOU HAVE BEEN PWND': Victoria's court system hit by ransomware attack
Recordings of hearings including witness testimony from highly sensitive cases may have been accessed or stolen from Victoria's court system in an attack discovered in the lead-up to the Christmas break.
'Carrying cash is Plan B: If the cards aren't working, you don't get the goods'
As cash use for everyday transactions declines, regulators ponder how soon Australia may go cashless or whether Australians may have to bear the costs of using cash.
Features
Analysis by Daniel Ziffer
analysis:Was 2023 the year that the class cracks in Australia's economy opened into gaping chasms?
Latest business news
'Never before seen' interest from east coast buyers fuels Perth property boom
Perth house prices are being boosted by growing interest from east coast buyers, many of whom have no intention of moving interstate — and a local settlement agent says she has never seen anything like it.
Legionnaires' disease outbreak linked to Sydney CBD puts thousands on health alert
Three women and four men were hospitalised after contracting the non-contagious disease from potentially contaminated cooling towers.
This small Queensland business has lost thousands in less than a fortnight and its next busiest period is 'quite some time away'
Queensland tourism operators are feeling forgotten and ignored by governments after devastating storms destroyed what should be their most lucrative time of year.
'They're broken': Flood-ravaged Far North Queenslanders remain stranded, without power, water
Nearly three weeks after ex-Tropical Cyclone Jasper crossed the coast, one community is still without basic amenities and another is completely cut off by road, prompting calls for help from the Australian Defence Force.
Kelly thought her father was getting old. Then she saw him fight off machete-wielding thieves
A family trip to Malaysia becomes a crisis when Kelly Eng and her ageing parents are thrown into physical combat against men in balaclavas carrying machetes.
Business Analysis
Analysis by Ian Verrender
analysis:The accidental arrival of Ozempic could affect the health of the global economy
Not since Viagra has the world of medicine seen a bigger "accident" but if Ozempic can tackle the challenges obesity has presented in recent decades, there could be a profound impact on the global economy, writes Ian Verrender.
Analysis by Gareth Hutchens
analysis:What happened to the promise of 'housing for all'?
What happened to the belief that "housing for all" would be the bedrock of social cohesion?
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