Michael Janda is the ABC News Business Editor. He was the ABC’s first Business and Finance Cadet in 2008, and has since worked reporting on finance, business and economics across online, radio and TV, before becoming the inaugural Digital Lead for the Business Reporting Team. Michael’s time at the ABC has also included stints as a producer on Lateline Business and Business Today, and reporting roles with Lateline Business and The Midday Report on TV, and The World Today, PM and ABC News on radio. Michael holds a first-class honours in Political Economy from the University of Sydney and a law degree from UTS.
Markets are still almost certain of an interest rate cut next Tuesday, and three by the end of the year, despite a shock 89,000 increase in employment. The ASX closed broadly flat as financial sector gains more than offset mining and energy losses.
The US treasury secretary has announced a 90-day pause in so-called "reciprocal" tariffs between the US and China, while the two nations negotiate a longer-term deal. See how events unfolded on our markets blog.
Australian shares closed higher on Friday ahead of this weekend's US trade talks with China, while US shares extend recent gains as Donald Trump's administration strikes its first post "Liberation Day" deal. Look back on the day's financial news and insights from our specialist business reporters on our live blog.
Investment bank Macquarie is hit with additional licence conditions as the corporate regulator slams "multiple and significant compliance failures".
The Australian share market closed at a two-month high after China said it was evaluating multiple approaches by the Trump administration for trade talks. US stocks continued to reclaim ground from their post-tariff losses. But Amazon's shares fell in extended trade.
Economists continue to forecast a rate cut when the Reserve Bank meets in just under three weeks. The US posted a record trade deficit for March ahead of the imposition of tariffs. Here's how the session unfolded on our markets blog.
The major parties are working hard to keep Australian house prices at record highs, but a moderate fall in values may be just what Australia's economy needs in the long-term.
Australian shares ended the day higher, as the latest labour force data shows employment increasing by 32,000. Wall Street fell again, as tariff fears continue.
Australian stocks have posted their biggest one-day gain in five years after Donald Trump paused the implementation of his latest round of tariffs, sending Wall Street on its biggest bounce since the global financial crisis.
Australian shares give back most of the previous session's gains, with the All Ords dropping 1.9pc as China reacts to Donald Trump's tariffs coming into force.
The current market sell-offs similarities to the global financial crisis are uncanny and unnerving.
The Australian dollar has its biggest fall since 2008 and hits lows not seen since the depths of the COVID pandemic — levels that otherwise have not been seen since early 2003.
The ASX 200 index plunged more than 6 per cent at the open before regaining some ground. But it was still the biggest one-day fall for local shares since COVID-19.
Donald Trump's tariffs are not a negotiation tactic. They are a very deliberate plan to destroy the liberal global trading and financial system the US itself established. And all of us could pay a heavy price for his attempt to reshape the world order.
The Reserve Bank's latest financial stability review identifies three key risks to financial stability, and Donald Trump's tariff announcement worsens all of them.
The ASX fell sharply and Wall Street is set for more turbulence, after US President Donald Trump unveiled a raft of global tariffs, including a 10 per cent reciprocal tariff on Australian imports to the US. As it happened.
The Coalition is promising to relax home lending rules if elected, to allow prospective buyers to borrow more. But will this actually make it easier for first home buyers to break into the market?
A proposed ban on-compete clauses in employment contracts was a centrepiece of the budget. But what are they, how do they work, and why do most economists think they are bad for workers and the economy?
One man appears to be the last remaining hurdle between Australia and the soft economic landing that the federal government and Reserve Bank have been angling for.
The Australian share market closes lower on Thursday, after opening in the green. Losses on the ASX follow a recovery in US stocks driven by a rally in the beaten-down tech sector. See how the day unfolded on our live blog.
Margaret's property investment odyssey peaked at 40 properties. At the other end of the spectrum, first-home buyers Justin and Lana are accustomed to disappointment. So how do we solve Australia's housing affordability crisis?
Home values jumped in the month the Reserve Bank cut interest rates, with Australia looking to have exited one of its shortest and mildest property downturns on record.
Rate cuts are like cockroaches: there's rarely just one. But the RBA board has warned households and financial markets not to expect an infestation.
Banks are prohibited from telegraphing rates moves in advance, but it doesn't take much reading between the lines to see that an RBA rate cut next week will be passed on in full.
Australia's biggest bank has increased its profit and raised its dividend despite a "challenging period" for many customers. It has revealed 65,000 "tailored payment arrangements" are in place to help borrowers manage loan repayments.