Business
Markets
Luxury house Chanel struts into collapsed rival Harrolds’ flagship store
Its sudden demise left top-tier landlords in Sydney and Melbourne out of pocket and scrambling to fill some of the country’s most expensive real estate.
- by Simon Johanson
Latest
Updated
World markets
Banks, property stocks weigh down ASX; Star endures tumultuous day
The Australian sharemarket has finished the week in the red after setting another record high on Thursday.
- by Daniel Lo Surdo
Updated
World markets
Banks, healthcare stocks push ASX to latest record; IAG jumps on $855m deal
The Australian sharemarket has hit another record on Thursday, buoyed by gains in the healthcare and finance sectors.
- by Daniel Lo Surdo
Opinion
Trade wars
Watch out! Crony capitalism is coming to America
Pay your way out of the Trump tariffs: The rules for how to succeed in American business are about to change - and not in a good way.
- by Paul Krugman
Opinion
Oil
Forget Trump’s ‘drill, baby, drill’ mantra. The oil giants won’t go for it
Donald Trump wants a massive boost in US oil production to lower US petrol prices. The oil bosses, however, are more interested in boosting shareholder returns.
- by Stephen Bartholomeusz
Updated
World markets
Retailers and banks lift ASX higher; inflation steady in October
The Australian sharemarket was back in the green, powered by the real estate and consumer sectors, amid hopes geopolitical risks are abating after Israel and Hezbollah reached a ceasefire.
- by Daniel Lo Surdo
Opinion
Trade wars
Trump is about to shoot himself in the foot with his favourite weapon
If the president-elect proceeds with tariffs on the United States’ three biggest trade partners, it would damage the US economy.
- by Stephen Bartholomeusz
‘Father time always wins’: Warren Buffett updates plan to give away his $227b fortune
The 94-year-old has long maintained he has no interest in creating dynastic wealth in his family.
- by Josh Funk
With housing affordability stretched, more Millennials look to playing markets
The challenge of buying a first residence is pushing more people such as Helena Osborne towards investing in financial assets.
- by Kayla Olaya
Updated
World markets
ASX hits another record high; CBA share price tops $160
The sharemarket has hit a record high, though some experts predict conditions on markets could soften in early 2025 when Trump is sworn in as US president.
- by Daniel Lo Surdo
Bitcoin treading water below $US100,000 with big target in sight
Cryptocurrencies ranging from Bitcoin to memecoins have been on a tear since the election of Donald Trump to a second term in the White House.
- by Sunil Jagtiani