Economy

Donald Trump has already started making threats that could kick off a trade war with the world's second-largest economy. But Beijing has been laying the groundwork for the prospect of another battle for some time.

The ASX 200 closed at an all-time high as Woolworths flagged a financial hit from strikes and Metcash shares surged. Catch up on the day's events and insights as they unfolded on our live business blog.

When it's time to fill up with petrol, paying extra at the pump can be financially costly. We've done the legwork for you and dispelled the myths about what controls prices and how they're determined.

Despite finishing lower for the day, the ASX has ended the week higher, while the ACCC has given interim clearance to an alliance between Virgin Australia and Qatar Airways.

RBA Governor Michele Bullock says Australia's strategy of reducing inflation without stoking too much unemployment is part of the reason why it looks different to peer economies right now.

The ASX closes at its highest level ever, Star Entertainment executives suffer a "first strike" at annual general meeting, and the ACCC takes Webjet to court over alleged misleading advertising.

Local stocks reversed and the Australian dollar fell near a seven-month low as the incoming US president pledged a 25 per cent tariff on all products from Mexico and Canada. Here's how the trading day unfolded on the ABC News live markets blog.

Tenants in two capital cities are paying more than 30 per cent of their income, on average, towards their rent — for the first time since the SGS Economics Rental Affordability Index was first published a decade ago.

The rate of business failures is now the highest it has been since the COVID-19 pandemic, and it is only set to grow as the cost of doing business squeezes companies from all sides.

Woolworths faced scrutiny at the ACCC's inquiry regarding its treatment of fruit and vegetable suppliers. Meanwhile, the ASX reached another intra-day record high. Catch up on the day's events and insights from ABC News' markets blog.

Like a good wine, the boomers are getting richer with age. But it's coming at the expense of young people, and one day they might just pull the cork out.

The NT government has appointed a former Inpex boss as the first 'Territory Coordinator' in a bid to fast-track private investment. But critics have raised concerns that environmental safeguards will be "sidestepped".

An ASIC inquiry has been told mortgage insurance is too expensive, leading to a spike in uninsured mortgages. Catch up with the day's events and insights from our business reporters on the ABC News markets blog. 

With the apparent appointment of two of America's most hawkish Republicans, president-elect Donald Trump looks to be setting the stage for a confrontational relationship with China.

Wages growth in Australia slows to 3.5 per cent over the past year, according to official data, still outpacing inflation to result in modest real wage increases.

The world is slowly coming to terms with how a Trump presidency changes the economic future, starting with huge tariff barriers.

The treasurer will seek to burnish his diplomatic credentials in a speech on Monday, revealing that he has held about 150 meetings with foreign counterparts since Labor took government.

The ASX closed higher after the US Fed Reserve cut interest rates. Sydney flight delays are expected into the afternoon after an emergency landing by a Qantas flight. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Peter Dutton is posing Trump's "are you better off" question in Australia and hoping to tap into the same anger over cost-of-living amongst working-class voters.

Tens, perhaps even hundreds of thousands of Australians waiting for interest rates to start falling will have to keep waiting for some time — potentially a long while.