Finance

The Commonwealth Bank has passed on the Reserve Bank of Australia's (RBA) interest rate hike in full, marking the last of the big four banks to do so.

Hundreds of thousands of borrowers are set to be hit with another burst of hip pocket pain.

Qantas has announced that Vanessa Hudson will become the airline's new CEO when current chief Alan Joyce retires from the role in November 2023.

Blackmores looks set to be bought by brewing company Kirin, after the Japanese firm launched a $1.88 billion takeover bid.

There's still so much potential for Australians to save hundreds of dollar on our telco bills, for three main reasons.

A recent analysis by NAB shows there has been a bounce back in businesses collapsing with a huge 30 per cent rise in insolvencies in 2022 after a slowdown during the COVID-19 pandemic.

If you need to find cash quicksmart, there are smart ways and dumb ways to go about it.

The most vulnerable people were among the hardest hit, a new ACCC report found.

New data from the Australian Bureau of Satistics (ABS) showed that in March 2023 around 53,000 Australian found jobs.

There is a warning today the Reserve Bank may have to begin slashing interest rates by the end of the year due to an economic downturn.

The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties, the fund said.

The RBA might have paused its carnival of rate hikes this month but that's no consolation for anyone with a big mortgage and a variable rate home loan.

Those working in aged care, hospitality and other areas are forking out two-thirds of their income on housing.

The world's most famous container company is on the verge of being thrown out.

The Australian Securities and Investments Commission (ASIC) revealed it had cancelled Binance's Australian financial services licence following a request from the company.

Households on lower incomes, renters and recent borrowers with large debts are the most at risk of financial stress after the Reserve Bank of Australia aggressively hiked interest rates.

Health Insurance premiums just started rising again on 1 April. While more than half of Health Funds have postponed the hike this year, around 10 of them started raising rates on the weekend.

Millions of borrowers around the nation have been offered a temporary reprieve after the central bank pressed pause on rate hikes.

Beauty and wellness comapny BWX has entered voluntary administration and will try to sell off Zoe Foster-Blake's popular Go-To skincare company.

The deal is one of the biggest acquisitions of an Australian luxury business.

Canstar research revealed homebuyers' wages are falling up to $145,000 short to buy a home without suffering mortgage stress in the country's capital cities.

Latitude Financial Services has been slammed for holding on to historic data and a "she'll be right" attitude after the company was hit by a major data breach.

ASX-listed Mosaic Brands announced its online retailer EziBuy would enter administration after suffering a large drop in sales after the pandemic.

Australia's inflation rate has risen 6.8 per cent in the year to February 2023, down slightly on the 7.4 per cent annual rise reported in January.

We've reached the era of 'peak streaming', where the best content is now spread across multiple services - especially in footy season.

The cost-of-living crisis has been hitting just about every Australian in the past year.But don't feel too bad for these 20 Australians, who have just been identified as the richest in the country.

Until 24 March, Victorians can get up to $500 just for visiting their government energy comparison website.

New figures showed $57 billion was wiped off the wealth of households in the past quarter.

I've never seen so many household bills going up so steeply all at once. But right now there is one bill that's slightly cheaper than a year ago - petrol.

The number of female billionaires calling Australia home is increasing while one country still out ranks the rest.

The future of the ailing Swiss banking giant could be decided over the next 24 hours.

It's not just global markets slumping after turmoil at one of Europe's biggest banks but Australia's stock market has tumbled.

Australia's unemployment rate has fallen to 3.5 per cent in February after the rate rose the month before meaning 64,000 Aussies found work.

Some spent the money on takeaway food, gambling and buying furniture.

This week, the go-to bank for US tech startups came rapidly unglued, the largest failure of a US bank since Washington Mutual in 2008.

Silicon Valley Bank collapsed after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history.

All four of Australia's big four banks have passed on the Reserve Bank of Australia's (RBA) 25 basis point interest rate hike to customers.

Governor Philip Lowe has forecast some welcome news for mortgage holders after raising the cash rate for a 10th consecutive time yesterday.

The tenth consecutive interest rate rise is bad news for borrowers whose monthly repayments on a $500,000 loan have increased by $1051 since April 2021.

Australia's in the grip of a full-blown energy price crisis. Our bills have gone up 20 per cent on average in 2022 and they're predicted to rise another 30 per cent next year.

Australians are bracing for a 10th consecutive interest rate rise as the Reserve Bank of Australia meets later today.

Nobody likes being told the price of their plan is going up, but is it actually illegal in Australia?

New analysis says six times as many people the government claims will be affected in coming decades.

Borrowers on the precipice of a fixed-rate cliff are facing the difficult decision about whether to shop around for a better rate or wait and see how the economic landscape fares but experts warn the latter could have "costly" consequences.

Inflation in Australia has slowed in the month to January 2023 as millions continue to endure a high cost of living.

New research shows Australia's housing market slump is bottoming out.

Borrowers are forecast to become increasingly trapped in their mortgages after Australia's financial regulator decided to keep a high buffer on home loans to prepare for future rate rises.

Australia's retail sector has bounced back after a grim December had shopkeepers fretting about the future of their businesses.

One of the four big banks has issued an ominous interest rate forecast with more rate pain on the way for borrowers.

A little-known law about Aussie coins could mean that some people are making illegal payments.