The Latest Breaking News on Economy

The Budget hike to employers’ national insurance is ‘exacerbating an already tepid demand environment’, the CBI warned.

The Federal Reserve's recent rate cut indicates a stable yet slowing economy, with inflation sticking around but consumer spending strong. In light of these events, penny stocks, Ribbon Communications (RBBN), Ironwood Pharmaceuticals (IRWD), and Organogenesis Holdings (ORGO), all priced under $5, could make attractive investments. Read on….

Appropriately, we finish our podcast for 2024 talking to Treasurer Jim Chalmers and his shadow, Angus Taylor because, as the saying goes, “it’s the economy, stupid!”

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to be deeper in the red than earlier forecast.

The rate of unemployment remained unchanged at 4.3% in the three months to October.

Cost-of-living relief measures are off the table in the mid-year budget update, as a tax expenditure list shows the type of deductions that cost the most.

Companies responding to national insurance rise by reducing hiring, survey finds

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

November jobs report: The U.S. added 227,000, above views. But a higher unemployment rate bolsters Fed rate cut hopes.