Finance

Finance · 1 day ago

CBA Says Economy Is Resilient Even as Late Mortgage Payments Hop Like a Kangaroo

Vera Chen, Sydney desk

The Commonwealth Bank of Australia notes a rise in late mortgage payments, blaming inflation and higher interest rates, but maintains that the broader economy remains resilient.

Finance · 1 day ago

Backyard Dream Deferred: Buyers Trade Lawn for Rooftop as Rates Rattle the Housing Market

Vera Chen, Sydney desk

Rising interest rates are reshaping Australian property demand, pushing buyers toward smaller units with balcony views, as unit prices now outpace larger houses in most capital cities.

Finance · 1 day ago

US inflation nudges up 0.4% as gas goes on a diet and Republicans lick their election wounds

Iris Quay, London desk

US consumer prices rose 0.4% in October, with gas prices falling, a welcome relief after Republican midterm losses blamed on high living costs.

Finance · 1 day ago

Shutdown Specter Lurks in October Inflation Report

Helen Pell, Washington desk

Economists warn that the lingering effects of last year’s government shutdown could still be inflating October’s CPI numbers, turning the report into a spooky echo of past disruptions.

Finance · 1 day ago

City Becomes Reality TV: Tax Leak Inquiry, Inflation Shock, Youth ‘Low‑Gear’ Warning and AI Spy Drama

Iris Quay, London desk

An inquiry into a UK budget‑bank tax leak, a sudden US inflation shock rattling Wall Street, a Bank of England deputy’s warning that young people face a low‑gear economy, and an AI poster boy accused of Chinese esp…

Finance · 1 day ago

Anthropic’s $64bn IPO: Claude’s $70‑$78 Price Tag Makes City Traders Reach for Tissues

Iris Quay, London desk

Anthropic, the AI firm behind Claude, is set to raise $64bn in a share sale priced between $70 and $78, prompting a wry reaction from City financiers who can’t decide whether to applaud the numbers or reach for a hanky…

Finance · 1 day ago

Tariffs Tighten, Small Businesses Tighter: Trump’s Trade Tactics Turn the Economy into a Tightrope Walk

Noor Hale, World desk

As mid‑term voters head to the polls, Trump’s tariffs are adding pressure on small businesses and stoking frustration over a rising cost of living, making the economy feel like a tightrope walk.

Finance · 1 day ago

Trump’s ‘War Over’ Claim Sends Oil to August Low, FTSE 100 Keeps Rising

Iris Quay, London desk

Oil prices fell to their lowest level since August after Donald Trump declared the Iran war effectively over, yet the FTSE 100 continued to climb, showing markets can cheer on while crude sighs.

Finance · 1 day ago

ASX 200 hits August high as miners lead the climb

Vera Chen, Sydney desk

The ASX 200 index rose 1.1% to reach its highest point in over two months, driven primarily by gains in heavyweight mining stocks.