Daniel Ziffer has worked at the intersection of journalism and public debate for more than two decades. From Melbourne he covers business issues for ABC News and is a fill-in Finance presenter on national bulletins. The long-time senior producer of Mornings with Jon Faine on ABC Radio Melbourne, Daniel has worked worked on air and in production at Macquarie Radio, as a freelance foreign correspondent based in New York City, a journalist at The Age and a magazine editor.
A neighbourhood uprising over power poles helped wipe $3 billion from a listed company in a day and made the AI boom a little shakier.
NAB plans to slash about 6 per cent of its workforce. The local share market has opened lower, with most sectors falling.
Australia's productivity problem is a familiar story, but there's a growing argument that the way we measure it is flawed.
As the economy shifts away from manufacturing toward health, education, and care work, researchers say the official figures aren't capturing the full picture.
The Productivity Commission agrees the challenge is real, and there's new evidence suggesting the gap between what we measure and what's actually happening could be significant.
The reserve bank warning wages won't rise above inflation until Australia's weak productivity rate lifts.
Experts say a key economic measure in Australia isn't really doing its job and it has implications for wages and interest rates.
ANZ, Westpac and NAB have given evidence about how they are using artificial intelligence. Look back at the day's financial news and insights in the business blog.
New data from Domain shows despite severe rental shortages, landlords are struggling to increase rental prices due to tenants hitting their affordability limit.
The rising cost of diesel is pushing inflation higher and making our cost-of-living crisis worse.
The expanding Middle East conflict has again raised supply fears, keeping farmers and freight operators up at night.
Australia is the world's biggest importer of diesel, and the increased cost is pushing up prices for production and transportation of nearly everything.
Business reporter Daniel Ziffer has been investigating the impacts on regional businesses.
Markets are pricing in a nearly 90 per cent chance of Australia's reserve bank lifting interest rates in September following the US Federal Reserve's decision to hike rates.
The Australian share market closed at a six-week low on Tuesday, while Westpac became the last of the big four banks to predict an interest rate hike by the RBA in November.
Housing affordability has fallen to the lowest rate on record, with households earning a typical income only able to afford around one in every 10 properties sold across the country in the last financial year.
Shares in a major travel services company used by parliamentarians and embroiled in a $100 million scandal, Corporate Travel Management, plunge more than 80 per cent.
The Australian share market shed almost 1 per cent after the US launched fresh strikes against Iran, driving oil prices up and contributing to a global bond sell-off. June quarter GDP growth sparks more talk of RBA rate hikes. Catch up on the day's business and economics news as it unfolded in the markets blog.
The latest flare-up in hostilities between the US and Iran has led to a 3 per cent surge in the oil price. The Australian share market slips while house prices are falling in most of the nation's capital cities.
In the wake of scandals about the misuse of confidential information, embattled consulting firm KPMG is losing million-dollar contracts and cutting its workforce. And that's all before the corporate regulator, ASIC, has even opened its mouth.
Supermarket giant Coles has reported a $1.1 billion full-year profit and a significantly higher dividend for its shareholders, while the ASX finished higher for the second day in a row.
Businesses have effectively installed a new utility pipe into their operations, and are only now discovering what it costs to keep the tap running, against how little water is coming out.
The Australian dollar is pushing higher again in Asian trade as the global bond sell-off intensifies.
Hundreds of millions of dollars worth of property, largely in Sydney, has been bought by people who have submitted fake incomes statements and other fraudulent documents to support their borrowing.
The Australian share market fell short of snapping its five-day losing streak on Tuesday, despite companies posting bumper earnings results for the last financial year.
The Australian market has closed down, with economists expecting the RBA to leave the cash rate on hold.
Australian shares rose for a fourth consecutive month on Friday, and corporate regulator ASIC announced it is suing auditors linked to the collapsed First Guardian Master Fund.
The Business Council of Australia says a new tariff will make it harder for Australian businesses to compete in the US and could reduce investment.
BHP Group's investors are in a world of pain today. It follows Thursday's operational update from the miner.
Telstra prepares for a grilling in parliament about the recent network outage that disrupted Australia, with the communications regulator also set to face tough questions.
Topic: Telecommunications Services Industry
