After months of saving, households are starting to feel confident enough to spend. Some economists say it is an early indication the stage 3 tax cuts are finally having an impact.
Why you might not be entitled to a refund for your Black Friday sales purchases
Black Friday sales offer good deals, but retailers aren’t obliged to provide a refund for items that aren’t faulty.
Topic:Explainer
Photo shows A woman from her waist down, wearing a long black dress and white sneakers holding a black shopping bag that says 'David Jones'Black Friday sales set to be the biggest on record despite cost-of-living pressures
Australians are set to spend almost $7 billion in just four days during this year's Black Friday-Cyber Monday sales, as the cost of living sees more shoppers eager to snap up a bargain.
Photo shows A woman with beige headphones and a tote bag walks past a shop window advertising 50 per cent off.We uncovered 57 online clothing shops trying to scam Australians. And they’re just the tip of the iceberg
An ABC NEWS Verify investigation has uncovered dozens of online clothing stores pretending to be high-end Australian fashion boutiques. Customers are sometimes shipped cheap, low-quality goods made in Asia, and sometimes, nothing at all.
Photo shows A white background is tiled with mobile versions of webstores. In the foreground are desktop versionsRBA still unlikely to lower interest rates in 2024 despite inflation at its lowest level in more than three years
Australia's inflation rate remained steady in October, with rising prices for food, alcohol, cigarettes and recreational activities keeping it at 2.1 per cent annually.
Photo shows Household money picASX rises as inflation rate stays steady, RBNZ cuts interest rates — as it happened
Australia's annual inflation rate remained steady in October at a more than three-year low as electricity and fuel prices fell. The local share market rose after a rally on Wall Street. Follow how the day's trade unfolded on the markets blog.
Photo shows A blurred photo of the share trading boards at the Australian stock exchangeASX 200 and Bitcoin price climb to fresh records, WiseTech Global shares slump — as it happened
Local shares have ended the week on a positive note, while Bitcoin continued to close in on $US100,000. Coles executives were grilled on supplier deals and WiseTech shares fell after its annual meeting. Look back on how it unfolded on the markets blog.
Photo shows A stock market board shows prices going upMineral Resources fronts angry investors after tax scandal, ASX closes lower after Bitcoin hits record high — as it happened
The ASX closed lower on Thursday after Bitcoin set a new record high. Shares in Mineral Resources also sank as the company faced investor revolt after a tax scandal. Coles is facing the ACCC's supermarket inquiry as hundreds of Woolworths warehouse workers went on strike.
Photo shows A portrait of Mineral Resources managing director Chris EllisonBusinesses are failing at near the highest rate on record
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.
Photo shows A "sorry we're closed" sign in the window of a shopfront.Housing affordability deteriorates further, ASX retreats from record high — as it happened
The typical household faces spending half their income to service a new home loan, according to research from ANZ and CoreLogic, while the Australian share market ended lower.
Photo shows A bird's eye view of unit blocks and apartments with the ocean in the background on a sunny day.ASX closes higher, while another economist pushes back rate cut expectations to May — as it happened
The Australian share market closed higher on Friday. Corporate regulator warns of further action against the $4 trillion superannuation industry. Catch up on the day's events as they happened on the ABC News markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.Wages growth slows, CBA logs flat first-quarter profit, ASX falls — as it happened
Wages growth has slowed to 3.5 per cent over the past year, but continues to outpace inflation. Meanwhile, a fall on Wall Street has sent Australian stocks sharply lower. Look back at the day's events.
Photo shows The exterior of a Commonwealth Bank branchm including the brand's logos.The tech company behind Woolworths 'smart' shopping trolleys says they could help you buy more impulsively
Woolworths says it wants to roll out its smart shopping trolleys to more stores to help people budget their shops better. Smart carts overseas have helped increase the average customer spend by 6 per cent.
Photo shows A digital tablet is attached to a shopping trolley.Rex given $80m bailout, while ACCC warned Qantas controls 65pc of market and prices are up, ASX loses ground — as it happened
Qantas defended itself from allegations of "slot hoarding" at a heated Senate inquiry, while the federal government gave regional airline Rex an $80 million lifeline as its voluntary administration is extended. Catch up on the day's events and insights live on ABC's markets blog.
Photo shows A Regional Express (REX) aircraft unloads at Charleville Airport in south-west Queensland.Wallets 'bleed out' as the world's largest shopping festival kicks off
Facing fierce competition in China amid a sluggish economy, e-commerce giant Alibaba's shopping platform Taobao is establishing a new front in the Singles' Day war in Taiwan.
Photo shows ABC: Ilham IssakUS election results push global markets higher as bitcoin climbs to new record — as it happened
Bitcoin pushed to a new record high as investors digest US election results while 'Trump trades' push global markets higher and officials from the Treasury, ATO and ACCC faced Senate estimates.
Photo shows A man looks at a share price board outside the ASX in Sydney.'Dead and buried' Rivers and Millers stores unlikely to be missed by regional Australians, analyst says
While some country shoppers are lamenting the potential closure of more Mosaic Brand stores, one expert believes most people will barely notice their absence.
Photo shows A neon sign of an eagle in orange and green words that say "Rivers" affixed to the side of a building.ASX has lowest close since mid-September; household spending weaker than expected — as it happened
The Australian market ended lower on Friday, following a sell-off on Wall Street as shares of tech giants Microsoft and Meta fell sharply. Here is how the trading day unfolded on our business blog.
Photo shows A man stands in front of red and green indicator boards.These shoppers are joining forces to buy in bulk — and say they're cutting their bills by up to a third
Many Australians are getting their groceries and household items using an arrangement known as "community group buying" that became widespread in China during its strict pandemic lockdowns.
Photo shows A woman holding up two egg boxes.Profit is not a 'dirty word', Wesfarmers chair says amid record profits
Wesfarmers, owner of Kmart, Bunnings Warehouse, Officeworks and Priceline, announced a record $2.6 billion return.
Photo shows the entrance to a kmart storeWoolworths grilled by investors, as its rival Coles tells the market that inflation is coming down — as it happened
Woolworths held its annual general meeting, Coles released a trading update, and the Australian share market traded slightly down as hopes for a pre-Christmas interest rate cut faded. Here is how the trading day unfolded on our business blog.
Photo shows A person holds a Woolworths-branded brown paper shopping bag while walking through the fresh produce section.