ABC Business Daily
ABC Business Daily unpacks the latest business and finance news, analyzing stories that move share markets, shape industries, and affect the Australian economy. From Monday to Thursday, Senior Business Correspondent Carrington Clarke examines the biggest business news with ABC's specialist reporters. On Fridays, financial journalist Alan Kohler hosts in-depth interviews with decision-makers, innovators, and strategists shaping the economy.
Episodes
WiseTech's new CEO on recovering from scandal
WiseTech Global is one of Australia's great technology success stories, running CargoWise, the operating system for global trade.But in recent years it's been engulfed in scandal amid grave allegations against founder and former CEO Richard White, which he strenuously denies. On top of that, the company's facing a changing tech and trade landscape thanks to AI.WiseTech's new(ish)
What's behind the retail results?
Australia’s biggest retailers have opened their books - and the numbers tell a pretty revealing story.Woolworths and Coles remain firmly in control, but the numbers show their strategies are shifting. Online sales are surging, shoppers are hunting around for value, Aldi’s growth has slowed, and smaller players are fighting over an increasingly narrow slice of the market.In this s
The conflicts shaking markets
The world economy is being pulled in several directions at once.The war between the US and Iran has flared again, while fears are growing about what a wider escalation in Russia’s war on Ukraine could mean for energy, trade and global markets.In this special episode of ABC Business Daily, Carrington Clarke is joined by Madison Cartwright, a geopolitical and geo-economic analyst w
Do falling property prices create opportunity?
"No one wants to catch a falling knife."Australia’s property market is shifting fast. Home values have now fallen for five months in a row, buyer activity is down, auction results are softening, and 93 per cent of capital city suburbs recorded price falls through winter.But falling prices do not mean the same thing for everyone. For some buyers, it could mean opportunity. For sel
Can housing take another hike?
September is shaping up as a big month for interest rates.In the US, Kevin Warsh is talking tough on inflation, while here at home three of the big four banks now think the RBA could hike again - potentially as soon as next month.So are borrowers on both sides of the Pacific about to be slugged again? And what would that mean for an Australian property sector already under pressu
The business of comedy: Alan Kohler talks to Marty and Michael
YouTube, TikTok and Instagram are full of "content creators", but very few turn it into a profitable business.Brisbane comedy duo, Marty and Michael, got their start doing silly stunts on Facebook. More than a decade later, they have nine staff and 13 million followers across social media platforms. They've worked with US "Jackass" comedians and built a brand from that same style
Banks forecast rate hikes
There’s been a dramatic shift in interest rate predictions among some of Australia’s biggest banks today with CBA joining ANZ in predicting we’ll get a hike in November. NAB says the RBA likely to act next month.So is more borrower pain all but certain to deal with Australia’s inflation problem? And in the US, Meta has tried to minimise its pain by settling a massive court case a
What will the inflation data mean for rates?
Fresh data out today shows prices are rising slower than they were earlier in the year, but still well above the Reserve Banks target. So does that mean the Reserve Bank might be forced to hike rates even further? And Canada has loaded its tariff cannon to aim at its southern neighbour… will it light the fuse? Carrington Clarke and Diana Mousina, Deputy Chief Economist at AMP bre
Fuel shortages stoke food supply fears
US Treasury Secretary Scott Bessent has announced a series of measures which he says will cause the ‘economic asphyxiation’ of Iran, including going after other countries that do trade with the Middle East power.But with no end in sight to the ongoing global energy crisis, a wave of secondary food shortages are cresting on the horizon. So how is this affecting the economics of A
Canada stands up to Trump tariffs
Trade talks between the US and Canada broke down over the weekend, meaning a raft of Canadian products are now facing a higher tax slug. Canadian Prime Minister Mark Carney says Canada will retaliate against the US “dollar for dollar.”And meanwhile the Australian dollar has been gaining value against the greenback for eight weeks in a row. But is the Australian dollar really gett
The business of making better shoes
As a podiatrist, Anna Baird spent a lot of time thinking about feet. In 2008, she wanted to be able to recommend comfortable and fashionable shoes to her clients and when she couldn’t find ones she liked, she decided to make them herself.In this episode, Alan Kohler sits down with Anna Baird, founder and CEO of Bared Footwear, to unpack the story behind one of Australia’s most di
How healthy are Australian banks?
There’s been a stream of news out of the banking sector - from earnings results to plummeting home loan applications to AUSTRAC’s investigation into mortgage fraud. So Carrington has called on Brian Johnson, Senior Banks Analyst at MST Financial, to unpack it all. What to make of banks' AI uptake? And just how much does the banking sector spend on staffing costs?Also why are Aust
Meta is back in court
Tech titan Meta, the parent company of Facebook, Instagram, and WhatsApp, is defending itself in US court against claims that it designed deliberatively addictive products aimed at children. What’s at stake in this bellwether case? And what happens if Meta loses?And financial intelligence agency AUSTRAC has made hundreds of referrals to authorities in connection with an investiga
Why you should care about US bond yields
The yield on thirty-year US Treasury bonds is the highest it’s been in nearly two decades. So why are investors demanding a higher return in exchange for lending money to the US government? And why should Australians pay attention?And as Australian property prices fall, what can we learn from our commonwealth cousins - New Zealand and Canada - about the risks of a bursting proper
New wages for gig workers
Host Carrington Clarke is back in the hosting chair to discuss the news that some of Australia’s gig workers now have a new safety net in place - with a new wage floor and insurance protections that come into effect today. But how will this affect the hundreds of thousands of independent contractors across the country? And what will it mean for delivery costs?And national prelimi
The farm kid behind virtual fences
What if farmers could herd cattle with a swipe of their smartphone?Craig Piggott, founder and CEO of tech company Halter, has done just that - developing cattle collars that let farmers manage their herds via virtual fences. Craig joins Alan to talk about growing up on a New Zealand farm, how the collars work, why company culture is so important to the startup, and after expan
Aluminium's billion-dollar bailout
A more than two-billion-dollar bailout is on the way for Tomago, Australia’s largest aluminium smelter. It’s a move that Prime Minister Anthony Albanese says will secure jobs and sovereign capability for the Australian economy.So what do we know about who will foot the bill? And what questions does this raise about the costs of decarbonisation?And what to make of earnings results
What the CBA results tell us about the economy
Commonwealth Bank earnings are in – and in the billions – an increase from last year’s results that exceeds expectations for the banking behemoth. But what to make of the dip in mortgage applications that CBA and other banks are reporting?And how are the banks, and the RBA, looking at persistently weak productivity in the Australian economy?Steph Chalmers and ABC Business Corresp
What the RBA thinks about the economy
It’s official: the Reserve Bank has held the cash rate - a decision in line with most economists' expectations and the market pricing. But how does this hold fit into the RBA's view of the wider economy?Is it a sigh of relief from the bank’s board members? Or are they watching risks and wondering about raising rates again?Michael Janda and ABC Chief Business Correspondent Ian Ver
Will the RBA hold rates?
The RBA’s interest rate setting board kicks off its meeting today, to decide which way rates will go. What’s behind the widely held expectations that the central bank will hold rates steady when it announces its decision tomorrow?And oil prices continue to fluctuate as uncertainty persists in the Strait of Hormuz. But what explains the gap between the price of Brent crude and pet
Alan Joyce on Qantas, redundancies and regrets (he's had a few)
Alan Joyce spent two decades working for Qantas including fifteen years as CEO.He was one of Australia's most influential CEOs and had a pay packet to match.By the time he left the airline, Qantas had suffered huge reputation damage, thanks to job losses and the “ghost flights” controversy which infuriated many Australians during COVID. In this conversation on That's Business wit
Finance experts get hacked and spruik crypto
Some of Australia's leading economic and financial commentators have had their X accounts hacked with the hacker then using their accounts to post about apparent crypto investment riches.Meanwhile Australian silicon company Simcoa is leaving the US critical minerals market after being slapped with a massive tariff by the Trump administration. Who else has landed in America’s cust
SpaceX spends big
Space X is making headlines this morning with its first earnings report since the tech titan went public in June. So what to make of its astronomical revenue growth? And what is still pulling its share price back to earth?Meanwhile hundreds of ASX-listed companies are getting ready to report over the coming weeks and analysts are concerned about an earnings momentum slow-down. Co
What South Korea's Kospi crash tells us about tech
It's been a wild couple of weeks for South Korean shares with the stock market collapsing and wiping hundreds of billions of dollars off the value of Seoul's Kospi. The major market index has since recovered a little, but it has big questions about the global tech boom. And the downfall of a high-profile hospitality property group owned by entrepreneur Jon Adgemis is shedding so
Fuel spikes, property slumps
With the fuel excise cut officially over are petrol prices about to skyrocket at the bowser?And fresh housing data shows that the property price slump seems to be spreading. Is Australia’s property market headed for a correction?And what might this mean for the RBA – just a week away from its decision to hike or hold rates?Steph Chalmers and ABC News Business Editor Michael Janda
Inside a coconut water empire
When Scott Mendelsohn started selling coconut water out of the boot of his girlfriend's car, hardly anyone knew what it was. But over the past decade interest in coconut water has grown rapidly and his business, Raw C, now turns over $100 million a year. Mendelsohn joins Alan to talk about the global appeal of coconut water, working with suppliers in Asia, navigating Australia’s
Will Chinese AI save businesses money?
Artificial intelligence isn’t going away. And the race for dominance isn’t over. But a new generation of AI models from China is putting fresh pressure on Silicon-Valley AI behemoths and raising questions about access, user experience, and price. So how could cheaper AI shake up big tech business models?And how are economics affecting AI rollout in Australian businesses?Our hos
Are you paying too much interest on your mortgage?
Offset accounts promise savings perks to mortgage borrowers across the country by lowering interest payments. But financial regulator ASIC says that many offset account owners have been paying more interest than they should. So how have banks responded to the issue? And how does this affect trust in the banking sector? And with today’s fresh inflation figures showing an easing
Does a new refinery make economic sense?
After more than two decades of plummeting oil production in Australia, is the country about to get a new refinery? As Treasury warns that petrol prices will climb further if the war in Iran continues, the federal government is backing a pre-feasibility study for what would be the first refinery built on Australian soil since the 1960s. So will upping sovereign refining capacity
Fuel price fickleness
After an oil spike on Friday, the price of Brent crude has fallen - again - as this sort of energy volatility continues to shape the global economy. As we wait for the latest Consumer Price Index data from the Australian Bureau of Statistics on Wednesday, what knock-on effects of economic fickleness are already evident in the retail sector?And as central banks begin to meet aroun
The ACCC’s war on oligopolies
It’s been a busy year for Australia’s consumer and competition regulator. The ACCC has made headlines, taking supermarket giant Coles to court over misleading discount pricing - and winning. A similar court case involving Woolworths pricing schemes is ongoing. But beyond the high-profile legal cases - the ACCC stays busy - carefully considering nearly every corner of the Australi
Trump tariffs are back
We know Donald Trump loves a tariff. And according to his administration, a slew of new ones are set to hit 60 countries this afternoon. Australia is on the list - with a 12.5 per cent tariff that will be imposed on Australian exports to the US. So what exactly are the grounds for these new duties? And what will be the impact? And how does Australia’s tariff square with those imp
Does the RBA like unemployment?
Fresh employment data just released from the Australian Bureau of Statistics, shows the unemployment rate has held steady in line with economists’ expectations. What do these numbers mean for the RBA’s interest rate decision next month?And some Australian small businesses have been surprised to get reimbursements from the US government for money collected from the so-called liber
What Australians get wrong about interest rates
A brand-new bulletin from the Reserve Bank is out today, capturing how Australians experience and understand the economy. And while public awareness for the RBA is high, survey results seem to suggest that people don’t have a great handle on how inflation is affected by interest rates. So what problem does this present for the RBA – whose one blunt tool is to toggle rates?And a n
Will Moonshot’s AI bring Silicon Valley back to earth?
A new AI model from Chinese startup Moonshot has put pressure on Silicon Valley-backed tech titans. Meanwhile markets have taken notice, with downturns on the South Korean KOSPI. Could these sorts of tech moves in China, drag the highly valued Space X, Nasdaq and more - back down to earth?And here in Australia, where the national property conversation carries on, could a lack of
Are we heading for a private credit crunch?
Financial regulator ASIC has raised concerns that a private credit crunch could be on the horizon, putting Australians on alert about superannuation and property investment in funds with little or no disclosure obligations. Meanwhile ASIC has raked in hundreds of millions in fines - more than four times the previous year’s take, with a new stance on enforcement paying dividends.
Jim Chalmers on Australia’s AI balancing act
Artificial intelligence is moving fast. Can the Australian government keep up? Prime Minister Anthony Albanese’s much-anticipated speech at Sydney University this week detailed what he says makes Australia uniquely attractive to AI investment and outlined the need for a national framework to take advantage of the opportunities AI affords, while ensuring standards and safeguards a
SpaceX shares slip
SpaceX’s share price has slipped after making IPO-history last month and turning founder and CEO Elon Musk into a trillionaire. So how has the market reacted? And what does this mean for the other tech giants in line to go public?Meanwhile workers at mining behemoth BHP are planning industrial action today - at one of Australia’s huge iron-ore export hubs. What does this tell us
Albanese weighs in on the AI economy
Prime Minister Anthony Albanese has told Australians that it is not a matter of if - or even when - artificial intelligence will transform the economy. Instead, the question is how that change will happen. Meanwhile nearly 200 international economists and tech leaders have signed a statement urging policy makers to take AI’s impending economic impacts seriously. So how might the
What’s keeping oil prices from spiking even more?
The price of crude oil has spiked, again. And US President Donald Trump has posted on social media, saying the US will charge a 20 per cent fee on cargo travelling through the contested Strait of Hormuz.But why is the price of oil still not as high as many would expect? And what economic costs remain behind a ceasefire that appears to have effectively collapsed?Meanwhile, we cont
Why pay isn't keeping pace with productivity
The interaction between pay and productivity has driven some of Australia’s biggest economic and policy debates in recent decades.New research from the Centre for Policy Development suggests that the typical worker’s wages are not keeping pace with productivity growth. And moreover, it's been this way for three decades. So why does productivity matter? And what larger questions
Justin Wolfers on the absurdities of Trump’s America
Justin Wolfers has spent 25 years in the United States watching the world’s biggest economy from close range - and from the useful distance of an Australian accent that still cuts through the absurdity.A former Reserve Bank economist and now Professor of Economics and Public Policy at the University of Michigan, Wolfers has become one of America’s sharpest economic communicators.
Will Telstra's outage lead to financial fallout?
Telstra’s outage has caused dismay and anger across the country. And as problems continue into a second day, questions are being asked about whether further regulations are needed. So what are the business costs of this chaos? And what could the impact be for Telstra’s bottom line?And the latest rental data confirms a troubling tale for those looking for somewhere to live.While t
Can Australia trust AI?
The Telstra outage has caused disruption across the country - and highlighted just how dependent businesses and households have become on systems that are meant to work, seamlessly and constantly.At the same time, AI is spreading fast through workplaces and the economy, promising productivity gains while raising harder questions about reliability, regulation, and the future of jo
Is the NRL about to break the media rights record?
A multi-billion-dollar broadcast deal is in the works for the NRL - and if it goes through (as it's expected to), it would become the biggest media rights deal in Australian history.So what does the sheer amount of money on the table say about the state of Australia’s media industry? And with Nine, Foxtel and Stan all in the mix, who is actually going to foot the bill?Carrington
Why are there so many ETFs on the ASX?
With the financial year officially over, it's time to take stock of the Australian stock exchange, which saw a record number of Exchange Traded Funds added to its board last year.So what explains this spike in ETFs on the ASX? And who is actually utilising them?And while the value of Australian stocks did increase last financial year, the ASX lags far behind the gains of other gl
Fuelcast: A final update, for now
With the 50 per cent fuel excise cut now over, it's a good time to take stock of where the energy crisis stands - from the price of Brent crude, to the still-fragile movement of ships through the Strait of Hormuz.So how do things now compare with where they were before the US and Israel attacked Iran on 28 February? Has the disruption in Hormuz permanently reshaped other critical
Ampol on fuel security after Hormuz
The war between Iran, the US and Israel has forced the world to confront just how fragile energy supply still is. Even with a memorandum of understanding now in place, the Strait of Hormuz remains a live fault line - and the shock has again exposed how quickly fuel security can become an economic and political question.Matt Halliday runs Ampol, one of Australia’s biggest fuel ret
Tax Week: Investment property low down
We've heard a lot about negative gearing and investment properties recently, so if you own property, what will the changes mean for you?In this episode Carrington Clarke and Emily Stewart get into the nitty-gritty of the new rules for investment properties: from indexation to negative gearing, grandfathering to offsetting. Listen in to hear what these changes mean for new build d
Trump's made money - will you?
Fresh financial disclosure documents gave the world a window into just how much money United States president Donald Trump has made during his first year back in the White House. And the numbers might shock you.Is it right for a leader to be making such serious cash while in office - particularly when some of those riches came from Trump's controversial meme coin, despite a lot o
Tax Week: Changes slated for your shares
Do you own shares or ETFs? The proposed CGT changes could affect your investments.In this episode Carrington Clarke and Emily Stewart explain CGT tax changes in store for Australians who own EFTs and direct shares. Listen in to hear how the system used to work, how the new system is set up, and when the switchover will go into effect. Be sure to check out Emily's ABC Newsletter,
Property down, rent up
The monthly property data we've been waiting for is here. And the numbers tell us that national property prices are, in fact, falling. Meanwhile, rents are rising at an extraordinary clip - what part does this play in the affordability picture?And in the wake of a wave of scandals at the big four consulting firms, the government has proposed potential regulations to respond to an
Tax Week: A new $1,000 tax deduction?
You might have heard about the new $1,000 tax deduction for work-related expenses... but how will it actually work?In this episode of Tax Week with ABC Business Daily, Carrington Clarke and Emily Stewart unpack everything you need to know about the new $1,000 dollar work-related tax deduction: what it is, what it isn't, and who it makes sense for. Be sure to check out Emily's ABC
AI (over)exuberance
Tech titans are spending trillions of dollars as they compete to be crowned winner of the ongoing artificial intelligence race. But this raises a fundamental economic question: is the expenditure actually going to be worth the prize?And will there be anything left over for those who come runner up?You can read Ian's AI analysis here. Be sure to catch our bonus tax-week episode
Tax Week: Your EOFY checklist
Not sure what to do with all those tax receipts? How will the new $1000 tax deduction actually work? And what about changes to negative gearing and the CGT discount? Welcome to Tax Week with ABC Business Daily, a special bonus series hosted by Carrington Clarke and ABC finance reporter Emily Stewart, aka ‘Sensible Emily’, editor of the Your Money Explained newsletter. In this ep
Polestar's EVs are under pressure
American drivers will have one less electric vehicle maker to choose from, with the news that EV company Polestar has been banned from selling in the US.So why is the Swedish brand seemingly paying the price for its Chinese tech? And what questions does this raise for a booming Australian EV market - packed with Chinese cars? Meanwhile here at home, a long-time-coming piece of l
Fuelcast: Iran continues to control the Strait
The US struck Iran over the weekend following Iran’s drone attack on a cargo ship in the Strait of Hormuz late last week. Ebrahim Azizi, head of the Iranian parliament’s national security commission, responded to US President Donald Trump on social media saying, “the Strait of Hormuz is governed by Iran, so: Respect the rules” and do “not mistake control for escalation.”Iran is e
The start-up taking on the US hospital system
4DMedical has become one of the most closely watched healthcare companies on the ASX this year, as investors and hospitals alike pay attention to an Australian technology company trying to change how lung disease is detected and treated.Andreas Fouras is the mechanical engineer behind it. He took technology originally developed to study airflow in wind tunnels and adapted it to m
Job numbers for Australia, and for Karl Stefanovic
It's been a big week for economic data - with fresh jobs numbers in from the ABS, showing that employment increased in May.But how do these numbers relate to the bigger economic picture in light of yesterday’s CPI data and the RBA's July decision?And while the data says that some Aussies are starting jobs, another media shake-up appears to be brewing. What do you need to know abo
An inflationary mixed bag
The latest CPI numbers showed headline inflation easing thanks in part to falls in fuel prices.But the trimmed figure - which helps to measure underlying inflation came in hotter than the previous month.So where does this leave the RBA on the question of 'where to next' on interest rates?Meanwhile - there’s been a budget deal with Labor and the Greens. What do you need to know
Wisetech in the spotlight
Today brings tales of Australian business turmoil. After criticism and pressure, more heads are rolling at KPMG, while one-time tech darling, WiseTech Global, saw its share price pummelled yesterday - hitting a 5 year low following reporting surrounding founder Richard White.And while this unfolds at home - is SpaceX shaking up business as usual on the stock market internationall
Are younger Australians paying more tax?
Fresh data from Cotality shows that property sales continue to slow with a drop in auction clearance rates while the rental market remains hot.Meanwhile a new report into Australia’s tax system says young people are carrying more than their fair share of the load.And did Friday’s senate inquiry into KPMG mark a major milestone in holding the professional services firm to account?
Fuelcast: Are we back to normal?
The fighting may have eased, but the picture in the Strait of Hormuz is still murky - with conflicting claims about whether oil is really moving through one of the world’s most critical shipping routes.At the same time, the federal government has extended the fuel excise cut, but at a smaller discount. So what does that say about fuel security, petrol prices, and how worried Canb
Should AI answer the phone?
Voice AI is one of the clearest fronts in the fight over what artificial intelligence will actually do to human work.Not in theory, and not eventually - but right now, in one of the most routine, repetitive and heavily staffed parts of the economy: the call centre.Will Bodewes is the Melbourne graduate behind Phonely.ai, a now San Francisco-based startup building voice agents for
Do skilled migrants help the economy?
There's a lot of heated debate about Australia's immigration program. And so when a new report on the economic outcomes of skilled worker visa holders hit host Carrington Clarke's inbox - he was eager to find out more.Today on the podcast, Carrington is in conversation with Dr. Peter Varela, research fellow at the Tax and Transfer Policy Institute at the Australian National Univ
Slaying inflation and a Sandilands settlement
The RBA’s decision to leave rates on hold might have triggered a collective sigh of relief from Australia’s mortgage holders, but there was a clear warning from RBA governor Michelle Bullock that the board stands ready to hike further if necessary.And after months of negotiation, ARN Media has reached a settlement with its former radio star Kyle Sandilands.While Sandilands gets a
A rate hold - but will it last?
After three rate hikes in 2026, the Reserve Bank has finally hit pause - leaving the cash rate unchanged at 4.35 per cent.The Board says inflation is “still too high” and that higher fuel prices are “passing through to the prices of other goods and services”, but decided to hold steady while it assesses the impact of earlier increases.Carrington Clarke and ABC News Business Edito
As markets rally, where will rates go?
The Australian stock market has surged after US President Donald Trump declared that oil shipments will soon start flowing freely through the strait of Hormuz.The announcement comes as Australia's Reserve Bank starts its deliberations about what to do with interest rates ahead of tomorrow afternoon's decision.So does this Hormuz news lower the chance of further rate hikes?Carring
Fuelcast: Will 'the oil flow'?
“Ships of the world, start your engines. Let the oil flow!”That was US President Donald Trump on Truth Social after news that the US and Iran had reached a ceasefire agreement - a deal Iran has also confirmed.But we've been here before - and while the announcement is dramatic, plenty of questions remain. Will the oil really flow? How will we know when the Strait of Hormuz is trul
Katharina Lou and the new rules of retail
Katharina Mildren started her fashion label, Katharina Lou, at her kitchen table not long after finishing university. A few years on, the business is growing at 50 per cent a year, employs half a dozen full-time staff, and has built a customer base that extends well beyond Australia.This is partly a classic founder story - how to start a business, manage cash flow, deal with stoc
Trump loves inflation
Inflation in the United States has jumped to a three-year high, with rising energy prices adding fresh pressure as the war in Iran escalates again.So what does hotter US inflation mean for global markets, interest rates, and Australia?And with SpaceX about to go public in what could be a historic market moment, how should investors think about the hype - and the growing security
Woolworths to offshore office jobs
Australian grocery giant Woolworths is expected to ship hundreds of corporate jobs offshore. Barbeques Galore says it's going to close up shop with hundreds of workers facing redundancy. What to make of these retail shakeups?And why is Wesfarmers positive about the transformational power of AI?Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Bus
Fuelcast: A global 'electrification moment'?
Energy and Climate Minister Chris Bowen says Australia’s petrol, diesel, and jet fuel reserves are now higher than they were when the war in Iran began - and enough to keep the country secure through August. But as Transport Minister Catherine King warns, the fuel excise cut is still expected to end this month. So is what we have on hand enough?And what does that tell us about fu
Is the SpaceX IPO risky?
After weeks of anticipation, Elon Musk’s SpaceX is finally about to go public at the end of this week - but not before OpenAI also turned heads, with news that it's looking to test the public market.So is there any risk behind the sky-high SpaceX hype? And a week out from the RBA’s next rate decision, economists at Australia’s big four banks can’t seem to agree on the RBA's next
OPEC+ to produce more oil
Negotiations between Iran and the US remain up in the air as Iran sends missiles toward Israel for the first time since April. Meanwhile the oil producing countries of OPEC+ say they will increase production in July. But with the Strait of Hormuz still closed, will that oil have anywhere to go?And we answer your questions: why the disruptions to oil have been so big – given that
What broke childcare?
Childcare has become a system that almost everyone relies on, but very few think is working properly.Families pay a lot, quality is uneven, and after years of marketisation the sector is now dominated by for-profit providers. So how did Australia end up here? Why is the system still so expensive? What does the data say are the differences between for-profit and not-for-profit car
Scandal at KPMG
A simmering scandal at accounting firm KPMG has reached a boiling point with multiple heads rolling and admissions about poor handling of a whistleblower’s complaint. It's raising questions, once again, about how the big four accounting firms operate in Australia.Meanwhile tariff threats from the United States have surfaced anew. What exactly does it mean for Australian businesse
Are we in an economic slowdown?
New data shows Australia’s economy was already slowing the first three months of the year, before the full impact of a series of interest rate hikes and the war in the Middle East washed through.So what does this slowdown mean for the outlook for interest rates?And what will the Fair Work Commission's wage hike mean for Australia's workers?Carrington Clarke and ABC Business Repor
Fuelcast: Is the global oil tank about to be empty?
Have oil prices been too calm for a crisis this big?Economists are starting to worry that forecasts for the length of the conflict - and the hit to global oil supply and prices - have been too optimistic. So what if this war drags on?And with just one month left on the reduced fuel excise, will the government extend the relief if there is still no end in sight?Carrington Clarke a
Big tech goes public
There’s a race happening on Wall Street, as AI giants rush to go public and collect the prize of passive funds. Anthropic has made the latest move to file on the heels of SpaceX, which is already set to stage the largest public offering in stock market history.And a huge uptake in home batteries here in Australia is reshaping the power industry. Could battery-generated power help
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