Stephen Letts
Electricity prices are tumbling for generators, why not for consumers?
The prices big power generators receive have collapsed, but don’t expect that to show up on your power bill any time soon...
The ASX is breaking records, but that doesn’t mean the economy is in good shape
This week’s GDP numbers will, as usual, be spun in a couple of ways. For the glass-half-full brigade, year-on-year growth will tick...
Little Christmas cheer for school leavers seeking holiday work
Triplets Alexis, Claire and Julian Green started looking for summer jobs early. With the end of Year 12 in sight, the trio...
Caltex share price surges on $8.6 billion Canadian takeover bid
Caltex Australia’s share price has surged on the news Canadian interests have returned with an improved $8.6 billion takeover bid for the...
Australian business not worried about trade war, says HSBC
Australian businesses are not unduly worried about the simmering global trade tensions, according to one of the region’s largest banks. A global...
Dollar hits decade low after RBA cuts rate to 0.75pc to head off rising unemployment
The Reserve Bank has driven its official cash rate below 1 per cent for the first time as it battles to head...
Australia nears its first balanced budget in a decade. But is it what the economy needs?
After 10 budget deficits in a row, Australia is basically back in the black. Despite April’s 2019-20 Budget signalling a $4.2 billion deficit...
ASIC set to take action against predatory lenders
It has been five years in the making, but the Australian Securities and Investments Commission is set to take action against short-term...
Wage growth stagnates, despite lift in public sector pay
Australia’s wage growth continues to flatline at an annual pace of 2.3 per cent, propped up by a surprise lift in public...
Consumers most pessimistic in two years, despite tax and interest rate cuts
It is said “money can’t buy you happiness”. Nor, it seems, can it buy confidence. Despite the Reserve Bank delivering successive months...