Finance

The Commonwealth Bank today became the latest financial institution to push back its rates cut forecast ahead of next week's Reserve Bank decision.

It wasn't high earners bearing the brunt of the burden, with low and middle incomes having to cough up more.

Inflation has continued to slow, but not as much as the market had expected, likely delaying when the Reserve Bank will be able to pass down an interest rate cut.

Higher-than-expected inflation figures released today aren't just bad news for home- and business owners banking on an early interest rate cut.

Macquarie Bank has been slapped with a $10 million penalty for its lack of controls to detect and prevent unauthorised fee transactions conducted by third parties, such as financial advisors.

Australia's biggest bank has named the date they believe the RBA will announce Australia's first rate cut in four years.

Small businesses have been handed a warning by the new Australian Tax Office commissioner over billions of dollars in mounting debts.

The cost of buying a home in Australia has reached yet another record high after climbing nearly 9 per cent over the last year.

The figure would still see up to around 100,000 homeowners falling behind on their mortgage payments by October unless interest rates ease or their wages increase.

Borrowers hoping for an interest rate cut - or a timeline of when variable rates may come down - were given little by a central bank patiently awaiting new data.

Exactly two months out from budget night, Treasurer Jim Chalmers said there'll be no repeat of the surging revenue from high resource prices that drove last year's record surplus.

The move, if it goes through, could spark a price war that would benefit Australian customers.

Australian households continued their economic cutback in February despite a certain pop megastar driving a huge increase in spending at music festivals and event venues.

More than 8000 trades were affected over three years.

One of the big four banks says the number of job listings fell last month, which could in turn lead to a rise in unemployment.

But not everyone is going to get to enjoy the spoils.

1.609 million mortgage holders were at risk of mortgage stress in January, a rise from August and September's figure of 1.56 million.

The airline posted a before-tax profit of $1.25 billion in the first half of the 2023-24 financial year, which drops to $869 million after tax.

Last year was a breakout year for artificial intelligence, and no company benefited from the trend quite like chipmaker Nvidia.

The wage price index (WPI) rose by 4.2 per cent in the 12 months to December, marginally ahead of the consumer price index at 4.1 per cent.

Houses have always attracted a higher price than units, but the gap between the two has expanded to record levels over the last four years.

A rise in unemployment may force the Reserve Bank to act.

The stock market's favourite artificial intelligence darling is continuing to swell to staggering heights.

The result for the retailer was better than the market expected, and led to shares jumping by more than 5 per cent in early trading.

New research has shown the average Australian shopper spent $140 last year on electronic payment surcharges.

An inquiry by former ACCC chair Allan Fels has detailed eight "exploitative business pricing practices" used by companies.

Australians living in outer-city suburbs and rural areas are the biggest beneficiaries of the government's reworked stage 3 tax cuts, new analysis shows.

The decision comes despite economic data showing inflation is decreasing faster than expected.

A further 35 per cent of those surveyed, who have a household income of $100,000 or higher, don't feel in full control of their finances.

Despite headline data suggesting the cost of living crisis may finally be easing, few Australian households would have found covering their essentials has got any easier.

Inflation is tracking to fall back into its target range but interest rates won't follow anytime soon.

Australians are changing their purchasing habits in the lead-up to Christmas, and it's not always good news for businesses.

The world's most valuable automaker said its sales growth this year "may be notably lower" than last as it continued developing the "next-generation" vehicle, likely a lower-priced model.

Anthony Albanese said the changes will mean the average Australian will receive a tax cut of more than $1500 a year.

There are now two companies in the world worth more than $US3 trillion. Their market value is greater than the entire GDP of France.

With stage three tax cuts firmly back in the public eye, you may have heard the term "bracket creep" being discussed.

A 'novelty' alcoholic drink sold at Dan Murphy's and BWS stores across Australia has been recalled because of fears a button battery may become loose, leading to severe or fatal injuries.

Economists might be predicting an interest rate cut or two in the latter half of the year, but the IMF has called on the Reserve Bank to push rates in the other direction.

Unemployment has remained flat despite employment dropping by 65,000 people.

Economists are feeling more cheery about the economy in new research today.

The Aussie dollar and stock markets surged overnight as new data from the US showed decelerating inflation and low unemployment.

Almost every working Australian is set to receive an unexpected windfall this Christmas, with a large boost to their retirement savings.

The unemployment rate rose to 3.9 per cent as more people seek work.

Charles is only the second monarch to feature on the Australian dollar.

The national GDP has come in less than expected in new data from the Australian Bureau of Statistics.

The popular convenience chain began with a single Melbourne store but has expanded to more than 750 outlets.

While pay for corporate chiefs has dipped amid, CEOs continue to rake in amounts most Aussies only dream of, the Australian Financial Review survey found.

Inflation in Australia is easing faster than many expected as the economy cools in the wake of 13 interest rate increases since May 2022.

Michele Bullock insisted many family budgets and businesses were in a "pretty good position".

In 2022, only 13 per cent of Australians are using cash for all their payments.