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The Latest Breaking News from GFC

Alan Kohler: The Fed broke something, so the rate hikes are finished

US rate hikes only ever have a gradual impact on households, while in Australia the effect on the household sector is dramatic and immediate.

The New Daily

Jim Chalmers lays out agenda for pursuit of 'values-based capitalism'

Treasurer Jim Chalmers has laid out an economic blueprint for pursuing “values-based capitalism”, involving public-private co-investment and collaboration and the renovation of key economic institutions and markets.

The Conversation

Western Australia's lobsters migrate just in time for Christmas as cookers work around the clock

Australia's largest lobster company will steam-cook and distribute more than 1 million crayfish to supermarkets across Australia in the coming days.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

A VC who’s been panning crypto since 2017 discusses where he’s investing now

Ramy Adeeb says his firm, 1984 Ventures, tries to avoid the flavor of the day, whether it’s [hotlink]Google[/hotlink] Glass, 3D printing, virtual reality, autonomous driving, crypto, or the current obsession with generative A.I.

Fortune

Negative equity is looming for some home owners – but you only need to worry if you need to sell

It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity.

The Conversation

Nouriel Roubini says it's 'mission impossible' for the U.S. to avoid a recession

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.

Fortune

Michael Pascoe: In tough times, we’re still lucky

It might seem perverse, but there’s something reassuring about the markets and so much commentary predicting recession and disaster.

The New Daily

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Ford Maverick Gets A Nifty Pop-Top Tent From Go Fast Campers

The Maverick's bed is too short for sleeping? Here's a solution.

Motor1

Australian House Prices Are Falling At Their Fastest Rate Since The GFC So WTF Does That Mean?

Congratulations, guys! Property analysts reckon house prices across Australia are falling at their fastest rate since the global financial crisis hit in 2008.But there’s a catch.Prices have really only dropped from “exorbitantly expensive” to “slightly less exorbitantly expensive”, according to new data from CoreLogic.The data showed that as at 31…

Pedestrian.tv

Morning mail: property prices tumble, ‘alarming’ gas shortfall, Emma McKeon makes history

Monday: Five of the country’s eight capitals are reporting house price falls on par with the start of the GFC. Plus: the most ridiculous Australian reality TV shows

The Guardian - AU

Australian property prices tumble at rates not seen since GFC

Interest rate rises lead to dwelling values falling for third month in a row with Sydney prices down 5.2% since January

The Guardian - AU

Grattan on Friday: Jim Chalmers is a good performer, but can he hold the public's trust through hard times?

Jim Chalmers delivers bad economic news well, which is a good thing because there’s a great deal of it about, with a lot more to come.

The Conversation

Meremere v Normandale – the suburbs turning the house price tables

Ahead of this week's anticipated interest rates hike, we discover which sunny suburbs are hardest hit by the property slump – and which ones are bucking the trend.

Newsroom.co.nz

Superannuation funds set for worst returns since global financial crisis

Superannuation funds are set to record their worst performance since the GFC as sharemarkets plunge due to high inflation and rising interest rates.

The New Daily

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AAP

NAB lifts first-half profit, dividend

National Australia Bank's first-half cash profit has risen 4.1 per cent, and the lender has also lifted its interim dividend to 73 cents a share.

ABC News

Jim Chalmers says the current government has taxed, borrowed and spent more than Labor did. Is that correct?

Shadow Treasurer Jim Chalmers says the current government has taxed, borrowed and spent more than the previous Labor government. RMIT ABC Fact Check takes a look at his claim.

ABC News

We fact-checked key claims from the leaders’ debate. Here’s what we found.

Questionable stats, misleading figures and even a call that was on the money. RMIT ABC Fact Check examines claims from Wednesday night’s first leaders' debate.

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