The rich are 'squeezing out' ordinary people and this millionaire aims to stop it
Gary Stevenson achieved his childhood dream of becoming rich by his mid-20s. The 39-year-old now spends most of his time campaigning against the wealthy.
David has been an ABC reporter since 2011, working across radio, television and online. During his time at the ABC he has filed for a wide variety of programmes including The Business, 7pm, AM, The World Today, PM, and RN Breakfast. You can hear David on afternoon Drive programmes, or see him explaining business and finance on the ABC's News Channel. He also writes regular financial analysis pieces for ABC Online.
Gary Stevenson achieved his childhood dream of becoming rich by his mid-20s. The 39-year-old now spends most of his time campaigning against the wealthy.
The ASX rallies on views that a weaker global economy will see further interest rate cuts, which is positive for shares. And the full Federal Court dismisses Latitude and Harvey Norman’s appeals in an ASIC case.
Qantas shares have risen strongly following a better-than-expected $1.6 billion net profit. CEO Vanessa Hudson said the $90 million fine for illegal outsourcing was "absolutely not" the cost of doing business. Meanwhile, the share market inched closer toward another record high.
Consumer prices rose at their fastest rate in a year in July, according to the ABS monthly figures, but one major supermarket is no longer a beneficiary as Woolworth shares dive on disappointing profits.
The Reserve Bank's August interest rate meeting minutes show the central bank is poised to lower interest rates "faster" should the unemployment rate rise. See how the trading day unfolded on the ABC News live markets blog.
The Australian share market has made history by surpassing 9,000 index points, which is a boon to millions of workers' super funds. But analysts are not sure how long it can last.
With the Reserve Bank in their corner promising to ensure market stability, are investors playing with the very concept of risk?
The Australian share market has slipped from its record high as Commonwealth Bank reports a $10.1 billion annual profit. Wall Street breaks new records after the latest US inflation data reveals Donald Trump's tariffs have not resulted in much higher consumer prices yet. Follow live.
In a move that is sure to please thousands of mortgage borrowers, the Reserve Bank has cut interest rates for the third time this year.
The privacy watchdog is suing Optus over over the 2022 cyber attack that compromised the data of more than nine million Australians.
It's been a big week for the ASX 200 and investors are nearing the peak of a hair-raising psychological journey. But some are peering through their fingers, wondering what's coming next — and when?
This week has seen the Australian share market smash records.
To make housing more affordable, the Albanese government is attempting to ramp-up supply and is offering shared equity schemes.
Australian property prices have faced three major speed bumps over the past four decades.
Weaker-than-expected US economic data and another round of US reciprocal tariffs have roiled global financial markets.
Analysts are expressing concerns about the economic health of Australia's largest trading partner, China.
Economists say an interest rate cut in August is now all but certain after the release of better than expected inflation figures today.
The Reserve Bank's decision on whether to cut interest rates next month rests on a critical piece of economic data due out tomorrow - the latest inflation figures.
Analysts say global financial markets are entering a — potentially dangerous — euphoric, speculative phase.
Global financial markets are entering an optimistic but potentially dangerous speculative phase, according to analysts, driven by a mania for so-called meme stocks made popular on social media.
Millions of Australians in, or approaching retirement are potentially exposed to enormous financial insecurity.
There is new evidence that rental price growth is easing, potentially putting downward pressure on inflation and interest rates.
The Reserve Bank shocked financial markets and the public when it left interest rates unchanged earlier this month.
The Reserve Bank shocked financial markets and the public when it left interest rates unchanged earlier this month.
The amount of leverage or borrowing tied to bonds at present is inching closer to what we saw prior to the global financial crisis.