Former federal Treasurer Peter Costello has resigned as chair of Nine Entertainment after a damaging altercation with a News Corporation reporter at Canberra Airport last week. Current deputy chair Catherine West has been elevated to replace Mr

Trump convictions being watched for geopolitical impact; GDP out next week looks like flatlining

29 days ago 6m 6s

Donald Trump's historic conviction on 34 criminal counts of faslisfying records is being watched by economists for geopolitical risks with every sign Donald Trump will still contest the Presidential election - despite being a convicted felon.

Radio legend Bob Rogers dies aged 97. Toured with The Beatles on their 1964 world tour

30 days ago 4m 40s

Radio legend Bob Rogers dies aged 97. Toured with The Beatles on their 1964 world tour by Peter Ryan

Inflation uptick could force RBA rate hike; remembering radio legend Bob Rogers - the "fifth" Beatle

30 days ago 7m 18s

A surprise uptick in headline inflation to 3.6pc in the year to April means interest rates could stay higher for longer. Economist Warren Hogan urges the Reserve Bank to take out some insurance and deliver an emergency rate hike. Also - tribute

Surprise inflation uptick means interest rates to stay higher for longer

1 month ago 3m 39s

A surprise rebound in consumer inflation is likely to pressure the Reserve Bank to leave interest rates higher for longer. Headline inflation has defied forecasts by ticking higher to 3-point-6 percent in the 12 months to April.Reporter: Pet

"passing the buck" - scam victims unfairly carrying the burden, banks not doing enough

1 month ago 6m 36s

A survey from the consumer advocacy group CHOICE says victims of scams are unfairly carrying the burden and claims banks aren't doing enough to stop sophisticated criminal gangs.Also .. economists are watching today's monthly update on headli

Not so Bonza - failed airline's administrators given extra two months to find buyer

May 27th, 2024 4m 14s

It's now almost a month since the regional airline Bonza collapsed and was placed into administration.And while it's early days in terms of a corporate restructure or resusitation .. it's a stressful time for Bonza staff who haven't been paid

Updates on inflation, retail sales to dominate focus of economists .. as insolvencies rise

May 26th, 2024 3m 44s

Critical updates out this week are likely to provide more evidence the economy is slowing .. and whether inflation is falling fast enough for the Reserve Bank to consider interest rate cuts later this year.

Origin Energy boss says delayed Eraring closure means more certainty for renewables switch

May 23rd, 2024 7m 5s

Origin Energy chief executive Frank Calabria is confident the delayed closure of the country's biggest coal fired power station will provide greater certainty of "keeping the lights on". Mr Calabria says new 2027 closure of the Eraring statio

Spending gap widens between young and old but young giving up on essentials

May 23rd, 2024 8m 8s

The cost of living gap is widening between younger and older Australians .. as pressures from high interest rates and painfully high rents force hard decisions in households.That's the finding of a consumer spending report out this morning fr

New Caledonia tourists warned not to expect travel insurance payouts

May 23rd, 2024 3m 58s

Australians returning from strife-torn New Caledonia have been warned travel insurance policies might not pay out because of exclusions for riots and civil unrests. French president Emmanuel Macron has arrived in the French territory to broker

Telstra workers to pay restructure price as telco races to reaffirm profit guidance

May 21st, 2024 6m 23s

Telstra's plans to sack 2,800 workers - or 9 percent from its 31,000 workforce - is mainly about meeting profit guidance in a competitive world for telcos.In restructures, staff are often seen as the first option given the weight on costs and

Telstra to axe 2,800 jobs; Treasurer Jim Chalmers wants a "please explain"

May 21st, 2024 4m 18s

Telstra has revealed plans to sack up to 2,800 workers or 9 percent of its workforce under a major restructure. Telstra CEO Vicki Brady says the cuts are necessary to improve productivity and to deliver on more data demand from customers. The C

Star Entertainment shares surge 20pc as foreign suitors circle with NSW licence under a cloud

May 20th, 2024 5m 40s

There could be a much-needed lifeline for the struggling casino operator Star Entertainment with doubts it will be able to keep it's licence to operate in Sydney.A consortium of cashed-up suitors is eyeing Star's casino assets as an inquiry i

"Room for improvement" - banks to review ASIC mortgage stress report

May 20th, 2024 4m 3s

Australia's major banks have pledged to do a better job in helping customers deal with mortgage stress from interest rate hikes and the rising cost of living. The Australian Banking Association - which represents the big banks - says "there's a

"always room for improvement" - Aust Banking Assoc CEO Anna Bligh on ASIC mortgage stress report

May 20th, 2024 3m 1s

Australia's major banks have pledged to do a better job in helping customers deal with mortgage stress from interest rate hikes and the rising cost of living.The Australian Banking Association - which represents the big banks - says "there's

ASIC slams major banks for not doing enough to help borrowers in mortgage hardship

May 19th, 2024 3m 50s

Corporate watchdog ASIC has told major banks they need to do more to help borrowers in mortgage distress or risk facing legal action. The ASIC investigation found banks and non-bank lenders aren't doing enough to ease the pain and that many bor

Interest rate cut bets jump after unemployment spikes to 4.1 percent

May 16th, 2024 3m 7s

Money markets are now factoring in a 50 percent chance of a Reserve Bank interest rate cut after the April unemployment rate surged to 4.1 percent. Economist Stephen Koukoulas says the RBA board needs to consider a rate reduction at its next me

Economists warn expansionary Budget stokes inflation; US inflation dips

May 15th, 2024 5m 57s

As economists and lobby groups continue to sift through the federal budget, concerns remain that it works against the Reserve Bank's strategy to tame high inflation - and to eventually cut interest rates.Meanwhile, bets for interest rate cuts

Dip in wages growth won't be enough to offset inflation - yet

May 15th, 2024 5m 9s

With the federal budget out of the way, there's now a major focus on any economic data that shows inflation remains a risk to hope of Reserve Bank interest rate cuts. The latest data update is wages growth which has come in at a slightly slower

Slight wages growth dip takes little pressure off inflation and still-hot jobs market

May 15th, 2024 5m 9s

Not a cash splash. But could Budget stoke rather than tame inflation?

May 14th, 2024 6m 50s

While last night's Budget was no "cash splash", global ratings agencies worry the spending measures could add slightly to inflation and public debt. Economist Johnathan McMenamin sees the risk as "balanced" but says Reserve Bank interest rate c

Not a cash splash. But worries the Budget could stoke rather than tame inflation.

May 14th, 2024 3m 9s

Energy, rent subsidies won't stoke inflation. Jim Chalmers' biggest budget bet.

May 14th, 2024 3m 40s

Jim Chalmers calls this Budget "responsible and restrained" – to ease cost of living pressures while investing in the hallmark "Future Made in Australia".But it also walks a fine line between charting Australia's economic destiny and helping