Commonwealth Bank chief executive Ian Narev speaks at a press conference after the bank’s half year results announcement.
The Commonwealth Bank's half year results suggest Australian banks are doing well despite the turbulence affecting banks internationally, however they may not be totally immune.
Traders reacted to the news.
The Fed lifted its target interest rate for the first time in nearly a decade, which was hardly a surprise. What happens next may still stump us.
Janet Yellen’s political mortgage has fallen due, but the economics makes sense too.
The mixed picture of the US economy makes for caution on interest rates, but Janet Yellen the economist is likely to win over Yellen the politician.
Traders will be paying close attention to the Fed’s decision on interest rates.
Why the US is set to raise its interest rates this week for the first time since the financial crisis.
Who will stand out after Wednesday’s debate?
Candidates sparred among themselves and the media but still managed to debate some of the key economic issues that matter most to Americans – though they ignored a few.
There’s a reason they call them ‘impulse purchases.’
While free markets have delivered benefits, they also prey on our weaknesses, tempting us to buy things that are bad for us, be it sweet candy or sour investments.
Minneapolis learned the tragic consequences of crumbling infrastructure in 2007.
Our roads, bridges and schools are in dire need of aid, and the economic benefits of investment far outweigh the financial costs.
About 98% of US exporters are small businesses.
Cargo ship via www.shutterstock.com
The signing of the Trans-Pacific Partnership belies the fact that the US's share of trade in the region has been declining for some time.
US jobs market needs a boost.
Jobs growth slowed in September, yet the despite the disappointing figures there's no political will to do anything about it.
Her hands may be folded, but Janet Yellen is far from inactive.
The Fed decided to hold its key interest rate at about zero, but that doesn't mean it did nothing.
Chair Yellen and her colleagues decided the economy isn’t ready.
The Fed's policy-setting committee decided to keep its benchmark interest rate unchanged. Here's why that's the wrong call.
The Fed building in New York: just a nice facade?
Market speculation on whether the Fed will raise rates is reaching fever pitch, but the central bank no longer has the pull it once did.
Fed Chair Janet Yellen’s rates balancing act would be easier if the government got in the game.
The more important question is when the federal government will get in the game and help support the economy.
Tom Switzer and Naomi Klein, speaking on Q&A.
US Studies Centre research associate Tom Switzer said on Q&A that US carbon emissions had levelled off because of coal seam gas, but activist Naomi Klein said it was due to the economic downturn. What does the research say?
Running the economy is a bit like running a race…
Jogger wall via www.shutterstock.com
My buddy is training for his third Chicago Marathon. I’m preparing for a 10K mud-run. He’s really fit and a family nurse practitioner, so I seek his advice on how to get in shape and what to eat. His advice…
Is Jeb Bush’s 4% growth promise too good to be true?
Jeb Bush recently announced his candidacy for president by declaring that “our country is on a very bad course” and promised to fix this with the striking promise of “4% growth, and the 19 million new…
A protest in San Juan against government cuts.
Puerto Rico's economic woes have led some analysts to compare it to Greece. Paradoxically, Puerto Rico's colonial status explains both its growth and the impending financial debacle.
Most private sector workers are feeling fatter wallets these days because inflation has been so low.
Wallet via www.shutterstock.com
Inflation-adjusted wages for most private-sector workers are the highest since 1979.
A bottle of Coke can help illustrate how small and big businesses alike affect the economy.
Coke house from www.shutterstock.com
While a surge in hiring by small companies is helping lower the jobless rate, larger firms paying higher salaries play a bigger role in keeping the recovery alive.
Are the eyes windows into her soul or the FOMC rate-hike calendar?
Janet Yellen and her Fed colleagues know that wage growth and inflation are still too low to support an increase in interest rates in June.