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Australia's oldest department store has been placed into voluntary administration after 188 years in business
The Money Edition
Companies That Matter
NAB books $6.1b profit weeks after axing 2500 jobs
The National Australia Bank has booked a $6.1 billion profit, down 13.4 per cent, weeks after announcing it was cutting 2500 roles from its workforce.
The big picture
What the RBA’s rate hike means for every generation
Companies That Matter
Aust software giant slashes more than 1000 jobs
Cost of living
One in six Aussies have less than a week’s buffer amid rate hike pain
New research reveals the scale of Australia's financial vulnerability, with youth and single parents among those least prepared for a sudden loss of income.
Need to know
‘Budgets are under pressure’: Coles vows to lift game as shoppers become more picky
Australians buckling under cost of living pressures are being more picky about where they shop, putting pressure on the nation's second-biggest supermarket.
Housing
‘Balance of power has shifted’: House prices suffer steepest fall as market turns to buyers
Economists say the "balance of power" has shifted towards buyers in Australia's property market as prices suffer some of the largest three-month falls on record.
Need to know
‘High levels of anxiety’: How NAB workers found out about redundancies
Thousands of NAB staff found out by email on Tuesday morning that the bank was laying off thousands of workers, with 'meetings to follow'.
AI and technology
AI could give small business $136,000 productivity gain
Sectors to watch
Businesses in the crosshairs over ‘greenwashing’ claims
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