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- Markets Live
Miners lift shares, iron ore jumps, jobs data ahead
Jobs data ahead. Challenger updates guidance, Santos sales slips. Wall Street falls. Tesla, Nvidia, bitcoin extend losses. Follow the latest here.
Latest Posts
Time’s up for top stocks: riding the ‘ASX 190’ to better returns
Miners lift shares, BHP, Rio rise
ResMed tumbles on Wall Street
BHP says copper, iron ore production on track
Last updated 20 mins ago
- Exclusive
- Aviation
Bonza brings in KordaMentha to review operations at the budget carrier
Sources close to discussions said the corporate restructuring specialists had not been appointed as administrators, but to provide financial advice.
- Opinion
- Chanticleer
Fundies have gone ‘full bull’. Is it time to sell?
Bank of America’s latest global fund manager survey says investors are almost all-in on risk. That might be a worry.
Biden triples tariffs on Chinese steel and aluminium
US President Joe Biden defends the move, while US Trade Representative Katherine Tai says the US will monitor any impact on Australia.
- Opinion
- Australian economy
So-called ‘reform’ is working against the productivity objective
The government’s (self-)celebrated productivity agenda is mainly a spending agenda, indeed a spending more agenda, and avoids the regulatory reforms we need, writes Gary Banks.
- Live
- Need to Know
Gary Banks thinks the earth is flat: Albanese
The Prime Minister has hit back at the former Productivity Commission boss over Labor’s Made in Australia policy; Sydney bishop speaks after stabbing.
Economics professor sacked for ‘personal relationship’ with student
The University of Melbourne’s defence of its firing of an academic has pointed to claims he massaged shoulders and often asked a student to go out for a drink.
An insightful look at the week’s biggest tech stories, deals and trends delivered free to your inbox every Tuesday.
legal affairs
- Exclusive
- Industrial relations
Top silk to head new NSW Industrial Court
Three Sydney barristers have been chosen as judges for the new court, with leading employment law silk Ingmar Taylor, SC, to be the president.
- Exclusive
- Lehrmann trial
Lehrmann judge queries Ten lawyer’s criticism
Lawyer Justin Quill says the way defamation trials pick apart journalists’ work is “divorced from reality”.
Ex-Seven producer demands compensation, apology from Seven
Taylor Auerbach, who helped secure Bruce Lehrmann for an exclusive Spotlight interview, says he has been proven right by the Federal Court’s decision on Monday.
A rape, a cover-up narrative and a political firestorm
“Tonight, claims of rape, roadblocks to a police investigation, and a young woman forced to choose between her career and the pursuit of justice”. That is how Ten introduced its interview with Brittany Higgins.
- Analysis
- Legal industry
Bruce Lehrmann’s lawyer, Mark O’Brien, is on a losing streak
Losses in high-profile cases have experts wondering if Sydney’s client-friendly defamation culture is changing.
Get the latest business news on the go with the AFR’s new iOS app.
Companies
Star inquiry fallout spreads to Bendigo bank board
Wednesday’s hearing was interrupted when Star’s solicitors released documents to the inquiry related to its former CFO, Christina Katsibouba.
- Investigation
- Food & drink
Jon Adgemis’ high-wire act is coming unstuck
The former KPMG dealmaker burst onto the hospitality sector after buying up a string of venues. Huge debts and angry lenders are threatening to push it over.
Rinehart’s presence stokes rethink of foiled $10b Lynas-MP merger
Australian richest person, Gina Rinehart, has emerged as a potential kingmaker in any rare earths mega-merger involving Lynas.
Federal Court says Blumenthal market rigging was ‘serious, deliberate’
The stockbroker will be banned from managing companies for five years and pay an $850,000 penalty four months after reaching an agreement with the regulator.
- Opinion
- Chanticleer
Wall Street icon Lee Ainslie: it’s a historically good time to invest
The founder of Maverick Capital and former Tiger Cub says there are four reasons active managers are well-placed, including higher rates.
British shareholder LGIM piles more climate pressure on Woodside
The $2.3 trillion asset manager will vote against not only the gas giant’s climate plan but also against chairman Richard Goyder’s re-election.
Rio Tinto playing catch up on iron ore
Mining giant Rio Tino has maintained full-year guidance for its flagship iron ore operations despite a dip in shipments in the first three months of 2024.
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Markets
Time’s up for top stocks: riding the ‘ASX 190’ to better returns
The top 10 stocks should account for more than half the ASX 200’s earnings this year, but that figure will drop below 50 per cent in FY25 as market leadership shifts.
What Bloxham, Masters and Ong say will be in the budget
Economists surveyed by Financial Review expect government spending in the federal budget to be aimed at struggling families, but it will be small and not inflationary.
- Opinion
- Chanticleer
Wall Street icon Lee Ainslie: it’s a historically good time to invest
The founder of Maverick Capital and former Tiger Cub says there are four reasons active managers are well-placed, including higher rates.
- Opinion
- Wall Street
Look out graduates, Wall Street banks don’t need you any more
Accenture estimated that artificial intelligence could replace or supplement nearly three-quarters of employees’ working hours.
What happened overnight? The focus swung to employment data
Wall Street’s main indexes fluctuated with chip stocks among the biggest losers. Expectations were for Australian unemployment to pick back up to 3.9 per cent.
Opinion
So-called ‘reform’ is working against the productivity objective
The government’s (self-)celebrated productivity agenda is mainly a spending agenda, indeed a spending more agenda, and avoids the regulatory reforms we need.
Founding chair of the Productivity Commission
Subs ahoy! Marles defends Labor’s record in defence
Richard Marles argues the Labor government has delivered dramatic reform in defence to project Australia into a much changed and more dangerous region. Is that right?
Columnist
Defence strategy fills gaps but misses holes
We need to move towards a wider conversation around national security and mobilisation, and be clear on the vulnerability in our capabilities until the late 2030s.
Defence expert
Marles forced to revise Canberra’s take on far away wars
The Defence Minister has made it clear the government is going to stare down critics who want our troops turning up at every world trouble spot.
International editor
Greens’ supermarket inquiry a Canberra political freak show
Does anyone think the public interest was served by the back and forth over the best metric of Woolworths’ profitability and threatening Brad Banducci with six months in prison for contempt of parliament?
Editorial
Powell worsens the carnage in bond markets
The US Federal Reserve chairman’s comments triggered a further sell-off in bonds, deepening the pain for investors who placed big bets that 2024 would see interest rate cuts, writes Karen Maley.
Columnist
Politics
- Exclusive
- Australian economy
First productivity chief calls for Labor U-turn on policy agenda
Inaugural Productivity Commission chairman Gary Banks and his successor Peter Harris are each separately calling for a “pro-productivity” and a “pro-competition” agenda.
- Exclusive
- Disability
We got it wrong on ‘wasteful’ NDIS: former PC boss
Gary Banks has conceded the recommendation to create the National Disability Insurance Scheme was flawed, and has called for major reforms to limit eligibility.
Climate 200 targets 20 more seats including Dutton’s
Bradfield in northern Sydney, held by Liberal shadow minister Paul Fletcher, tops the teal movement’s list. It is also eyeing Peter Dutton’s seat, Dickson.
Terrorism definition in spotlight after Sydney attacks
Muslim community leaders are calling for a rethink of how law enforcement defines terrorism after the Sydney church stabbing.
Defence’s $330b plan still leaves decade of danger
Defence Minister Richard Marles says Australia faces a “precarious” decade, by the end of which defence spending will be about $100 billion a year.
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World
‘It is clear the Israelis are making a decision to act’
Britain’s foreign secretary David Cameron acknowledged during a visit to Israel that an Israeli reprisal seemed inevitable.
The two key things Iran’s attack reveals about its weapons arsenal
The weapons used in the attack on Israel reveal that Iran has an almost unlimited capacity to make missiles, but they are not very good.
New Yorkers’ unvarnished views of Donald Trump aired in ‘hush money’ trial
Hundreds of potential jurors are being sifted through as the court faces a huge challenge selecting more than a dozen people from heavily Democratic Manhattan.
- Opinion
- Global economy
A double-dip recession in the land of the long white cloud
Recent reports have also revealed sluggish consumer spending, a pronounced slide in manufacturing, and bleak business confidence in New Zealand.
- Opinion
- Israeli-Palestinian conflict
Why the world needs a ‘three-state solution’
There is probably no hope for any resolution of the Israeli-Palestinian or Israel-Iran conflicts without leadership change in Tehran, Jerusalem and Ramallah, writes Thomas L. Friedman.
Property
The suburbs where you can buy a unit for under $400,000
Home buyers looking to score units under $400,000 will not easily find them in Sydney or Brisbane, but Melbourne and Perth still offer plenty, at least for now.
Developers slam Mornington Peninsula Shire social housing tax
A 3.3 per cent levy on new developments would reduce investment in housing on the Mornington Peninsula, says Rich Lister Sam Tarascio and other developers.
Data centre builders fight infrastructure for heavy cranes
Demand for the heaviest type of crane has pushed up costs at twice the rate of ordinary commercial cranes. And there aren’t enough of them.
Redcape sells Sydney pub for $48m, unfreezes fund
The Crescent Hotel in Fairfield was sold to veteran publican Patrick Gallagher. It takes total divestments since asset sales began last year to more than $200m.
- Exclusive
- Construction
Construction’s long hours put next generation of workers off
A new industry survey shows working conditions in an industry already struggling to attract women are also putting off the next generation of men.
Wealth
- Opinion
- SMSFs
New superannuation tax may hit venture capital
SMSFs will shy away from investing in start-ups for fear of being slugged with big tax bills on unrealised gains.
- Opinion
- Super Q&A
How do I calculate my tax-free super pension limit?
The transfer balance cap has increased twice since its inception to reach $1.9 million. Calculating how to stay within it can be tricky.
Three ways investors can back the next Canva
Dozens of angel investing clubs are allowing sophisticated investors to buy a piece of early-stage start-ups for as little as $10,000.
Technology
- Opinion
- AI
World’s first AI consumer gadget panned by everyone
Humane’s Ai Pin flop shouldn’t mean the end of experimentation in this new era of artificial intelligence gadgets.
How Amazon wasted a decade trying to reinvent the supermarket
The online shopping behemoth simply failed to make the technology cheaper than a conventional store.
This tiny tweak made WhatsApp users furious
People began to notice the minor alteration last week, prompting outrage from users across social media.
Work & Careers
Why TechOne’s CEO gets his executives to swap jobs
The architect of a corporate experiment where the execs change jobs admits it is a little on the crazy side for a $5.2 billion, top 100 ASX tech company.
Want to get fit for retirement? Start with these micro hacks
Retirement is typically a time for running after grandkids, playing golf and travelling. But after years or even decades of office work, regaining fitness can be challenging.
Life & Luxury
Why parents are keeping their kids’ faces offline
The rise of AI has created new anxieties about how an innocent photo could be manipulated into a deepfake, so “sharenting” is out and privacy is in.
This new Aussie horror is scary and funny
There’s not a moment in “Late Night with the Devil” when you’re not eager to know what’s going to happen next.
This executive just swam his first lap at 49
Fraser McNaughton can count on one hand the number of times he has swum in the ocean since he moved to Australia 17 years ago. But that’s all about to change.
Watches & Wonders 24: How the latest timepieces measure up
Geneva has just hosted the biggest watch fair in years. We look at the blitz of new releases it unleashed.
- Driving With Tony Davis
- Motoring
Behind the scenes at Pagani, where hypercars cost up to $23m
The Italian maker’s next car, the Utopia coupe, is priced in Australia “from about $6.5 million”. But nobody ever orders a standard version.
