Something unusual and encouraging happened on Wednesday. After deciding that the US Federal Reserve would raise its benchmark short term interest rate next month, Wall Street investors bought shares with enthusiasm, handing the US sharemarket its best gain in two months.
Malcolm Maiden analyses and comments on business, the markets and the economy.
It has the potential to unleash economic disruption that makes what the internet has delivered so far look like child's play.
The banks are leery about Labor's plan for a royal commission into misconduct in the banking and financial services industry, but if the commission gets the right brief, it could work.
Another day, another Aussie-dollar move of minimal meaning. The currency rallied more than half a cent on Tuesday after the minutes of the Reserve Bank's rate-cutting meeting on May 3 came out.
My prediction a week ago that Scott Morrison's budget was unlikely to be a election liability is not looking good.
BHP boss Andrew Mackenzie says he has a plan to boost the company's value by 70 per cent.
As we field election campaign warnings from the Coalition and Labor that the other side will ruin us, let's remember one thing...
There's a long way to go before the Australian group and its joint venture partner at Samarco, Brazil's Vale group, put the disaster behind them and know how much it finally costs
From the moment he became deputy governor of the RBA in 2012, Philip Lowe was always the obvious choice.
Scott Morrison didn't balance the budget, but he outlined a path to it that is marketable.