Australians are more dissatisfied with their economic situation than ever before; ASX ends slightly lower — as it happened
Australians are more dissatisfied with their economic situation than ever before, with young people particularly downbeat. Meanwhile, the ASX has ended modestly down on Wednesday. See how the day unfolded on our business news blog.
'Love us or loathe us': Kyle Sandilands and Jackie O ink 'historic' 10-year radio deal worth $200 million
A deal signed by the hosts of The Kyle and Jackie O Show will also see Sydney's top-rating radio breakfast program broadcast in Melbourne from 2024, and follows their employer launching a takeover bid of their former network.
If diamonds are a girl's best friend, why are their prices in freefall?
Diamond prices have fallen significantly since the start of last year, but even with higher interest rates and competition from lab grown stones, industry insiders say they don't expect the recent price declines to last forever.
Analysis by Peter Martin
analysis:What has just happened in the US will help Australia's inflation situation, big time
Australian financial markets are now pointing to a close to zero chance of further rate rises — with a fair chance of a rate cut next year. That's thanks to the latest news from the US and UK, writes Peter Martin.
'Line in the sand': Australian industry lauds conviction of second global cryptocurrency kingpin
The founder of Binance, the world's largest cryptocurrency exchange, pleads guilty to money laundering charges and stepped down as CEO.
This mother feared she would end up in jail over huge phone bills, a problem experts say is greater than first thought
In 2021, Telstra faced court for its treatment of First Nations customers. New figures obtained by the ABC show the scale of the problem is much worse than first thought.
Urgent meetings, router resets and 400 workers: Behind the scenes of the Optus outage
Submissions to a Senate inquiry outline what happened behind the scenes as Optus rushed to fix its recent outage.
New strategy reveals how the government plans to tackle growing cyber crime
A ransomware playbook for small businesses and attracting migrants with cyber expertise are some of the ways Australia will look to bolster its cybersecurity, according to a new federal government plan.
It's not all bad news when it comes to climate change as use of clean technology accelerates
Leading energy modellers forecast temperature rises will be kept within 2C of pre-industrial levels thanks to rapidly advancing clean technologies.
Perth mum Bethany thinks you should hear her story before buying an apartment off the plan
Single mum Bethany Evans put down a $100,000 deposit on an off-the-plan apartment two years ago. When cracks appeared, she realised there was no way out.
Christine put a hand on a customer's trolley to investigate suspected shoplifting. Then she was punched in the face
The prolonged cost-of-living crisis is continuing into a what is traditionally a period of financial stress, creating fears in the retail sector of increased abuse of workers over Christmas.
Features
Latest business news
Federal Labor commissions secret review into green energy target as pressure mounts over feasibility, sources reveal
With the clock ticking on efforts to more than double Australia's renewable energy share by 2030, sources tell the ABC that the government commissioned a secret review of its renewable energy target to see whether it could hit the ambitious goal.
Sam Altman to return as OpenAI CEO days after being fired and joining Microsoft
Sam Altman says he is returning to OpenAI after being fired by the company and joining Microsoft only days ago.
Judge dismisses Clive Palmer's appeal to build thousands of homes on floodplain near sewage treatment plant
Clive Palmer has lost a more than three-year legal battle with the Gold Coast City Council, which would have seen 3,000 new dwellings built next to a sewage treatment plant.
Australia's biggest weir built since World War II opens after delays
A "generational" piece of water infrastructure for Queensland has been completed after years of construction plagued by cost blowouts, inundations and COVID-19 disruptions.
Bruce Lehrmann takes the stand in defamation action against Network Ten, Lisa Wilkinson
Ex-Liberal staffer Bruce Lehrmann testifies in court about the events leading up to the alleged rape of his former colleague Brittany Higgins at Parliament House.
Business Analysis
Analysis by Ian Verrender
analysis:The uncomfortable truth about record immigration levels, rents and inflation
High rents are driving our inflation because of record levels of immigration, and few appear willing to confront the problem. But this is not — and should not — be an argument about multiculturalism, race or diversity, writes Ian Verrender.
Analysis by Peter Ryan
analysis:Kelly Bayer Rosmarin's fate at Optus was sealed well before her resignation was public knowledge
Kelly Bayer Rosmarin was highly regarded as a corporate warrior after surviving last year's cyber attack fallout, but her fate at Optus was decided earlier than Monday morning's announcement, writes Peter Ryan.
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Stay up to date with the latest business, markets and economic news and insights as Australia and the world navigate turbulent financial times. Presented by Kirsten Aiken and Alicia Barry.
Close of Business
With a cost-of-living crisis, inflation and higher interest rates plus global economic headwinds, Rachel Pupazzoni looks at the week in business and finance.
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