The Latest Breaking News on Economy

Break in Premier League games helps fuel economy slowdown

The economy contracted sharply in December meaning, overall, there was no growth in the economy over the last three months of 2022

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

More disruption likely as pay disputes go unresolved and industrial action continues

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable. Fast forward less than two years and things are looking very different.

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation

The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.