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Finance

‘Many facing pressures’: Westpac mortgage arrears, business lending weighs on bank’s book

by Anas Siddiqui
‘Many facing pressures’: Westpac mortgage arrears, business lending weighs on bank’s book

More mortgage holders are behind on repayments and businesses are battling falling demand as cost-of-living grinds on the Australian economy, Westpac’s latest quarterly results show. In a third quarter update …

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Equal Pay Day: Shock amount women must work to earn the same as men

by Anas Siddiqui
Equal Pay Day: Shock amount women must work to earn the same as men

The shocking amount women need to work in order to earn the same as men has been laid bare as experts call to stamp out the gender pay gap. Monday …

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Black Star Pastry to close its doors in Melbourne due to ‘tough economic climate’

by Anas Siddiqui
Black Star Pastry to close its doors in Melbourne due to ‘tough economic climate’

A popular bakery chain has announced it will close its doors to Melbourne pastry lovers, citing a “tough economic climate”. Black Star Pastry will serve its final cake at its …

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‘Life changing’: Aussie Luke Phillips makes wild $100k discovery in Ballarat, Victoria

by Anas Siddiqui
‘Life changing’: Aussie Luke Phillips makes wild 0k discovery in Ballarat, Victoria

A man has made a shock $100,000 discovery while searching for gold in Victoria. Luke Phillips, who runs the Dig It Detecting YouTube channel, was looking for gold in Ballarat …

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Commonwealth Bank expects November rate cut after July household spending

by Anas Siddiqui
Commonwealth Bank expects November rate cut after July household spending

Australian homeowners buckling under mortgage stress could soon receive relief from crushing interest payments, with banking giant Commonwealth Bank forecasting a rate cut as soon as November in its latest …

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ABS reports 58,000 new jobs in July labour force data

by Anas Siddiqui
ABS reports 58,000 new jobs in July labour force data

The Australian economy added 58,000 new jobs in July, far outstripping estimates of a 20,000 increase, though unemployment ticked up to 4.2 per cent in a mixed labour force landscape …

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Commonwealth Bank expects November rate cut after July household spending

by Anas Siddiqui
Commonwealth Bank expects November rate cut after July household spending

Australian homeowners buckling under mortgage stress could soon receive relief from crushing interest payments, with banking giant Commonwealth Bank forecasting a rate cut as soon as November in its latest …

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Artists, theatre owners confront dire cost-of-living spending slump leaving industry on the brink

by Kwame Phillips
Artists, theatre owners confront dire cost-of-living spending slump leaving industry on the brink

Aussie artists are in a struggle for survival. The first punch was Covid and now the country’s rolling cost-of-living crisis has pushed consumers to pull back their entertainment spend on …

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Government will not tell splurging states how to spend money, Gallagher says

by Ron Morgan
Government will not tell splurging states how to spend money, Gallagher says

Finance Minister Katy Gallagher has acknowledged public spending was partly fuelling inflation, but downplayed the federal government’s role. Earlier this week, Reserve Bank Governor Michele Bullock said state and territory …

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Artists, theatre owners confront dire cost-of-living spending slump leaving industry on the brink

by Kwame Phillips
Artists, theatre owners confront dire cost-of-living spending slump leaving industry on the brink

Aussie artists are in a struggle for survival. The first punch was Covid and now the country’s rolling cost-of-living crisis has pushed consumers to pull back their entertainment spend on …

Read more

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