Articles from: The Australian Financial Review

270 articles

Billionaire donors choke off Trump’s fightback

Two of the most prominent donor groups said this week they will back other Republican nominees, depriving the former president of millions of dollars.

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Daughter of Indian immigrants takes on Trump

The former UN ambassador becomes the first Republican to challenge Donald Trump for the party’s nomination in 2024, in a significant affront to her former boss.

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Prosecutors signal criminal charges against Trump in porn star case

Donald Trump has been told he can appear before a Manhattan grand jury next week if he wishes to testify, a strong indication that an indictment could soon follow. That could upend the 2024 presidential race.

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Pence bites back at Trump

Former vice president Mike Pence has gone public with his sharpest criticism yet of his former boss, Donald Trump, over the January 6 insurrection, saying: ’President Trump was wong.”

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Exiled Chinese tycoon with Trump ties charged in US

Guo Wengui conspired to cheat thousands of victims out of more than $US1 billion using “a series of complex fraudulent and fictitious businesses”.

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Judge may force Rupert Murdoch to testify in $2.4b Fox case

The media magnate may be forced to give evidence in a defamation case against Fox News which aired claims the 2020 election was stolen from Donald Trump.

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Trump, Fox hit with back-to-back rebukes

Combined, Donald Trump’s criminal indictment and Fox News’s civil trial delivered a rare reckoning for two forces that have transformed politics.

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‘Teflon Don’ confident charges won’t stick

Donald Trump has long shrugged off allegations of fraud, collusion and sexual misconduct. And the charges against him may still be thrown out.

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Trump set for prime-time speech after court hearing

The former president is expected to lash out against charges of providing hush money payments to a porn star after his unprecedented arraignment in New York.

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Now Trump wants to defund the DoJ and FBI

Donald Trump, who is seeking to regain the presidency in 2024, took aim at federal law enforcement authorities even though the criminal charges against him were pursued not by them but by the Manhattan district attorney.

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Subs deal will survive a Donald Trump victory: Anthony Albanese

Anthony Albanese says the AUKUS alliance will remain strong no matter who wins the next US election; Indian cricketer blasts five sixes in last five balls to win IPL game; Jason Day’s horror day at Masters. Follow the latest here.

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Elon Musk to start ‘TruthGPT’ AI platform

The billionaire says his new artificial intelligence platform, which has a similar name to Donald Trump’s Truth Social, will seek to understand the nature of the universe.

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New defence policy is ‘strongly aligned’ with US thinking: Lloyd Austin

US defence minister Lloyd Austin says Australia and the US have an “unbreakable alliance”; Kim Beazley says Anzac Day is a reminder of the need to properly fund the defence forces; Donald Trump will know his fate in Georgia by September. Follow the latest here.

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Why won’t anyone buy Ivana Trump’s $40m townhouse?

Five months after being listed, the house is still available. That could be due to the market downturn, the “Trump discount” or the over-the-top decor.

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Ron DeSantis launches White House bid to challenge Trump

The Florida governor filed this paperwork confirming he will run for US president. He is considered Donald Trump’s strongest Republican rival for the 2024 election.

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Ackman urges Jamie Dimon to run for president in 2024

The billionaire hedge fund manager said he thinks the JPMorgan boss could beat Joe Biden in a primary or Donald Trump in a US general election.

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Trump’s actions more blatant than previously known

As a baseline matter, the 49-page indictment gave the clearest picture yet of the highly sensitive records that Donald Trump took when he left the White House.

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Trump calls indictment a travesty in first appearance after charges

Donald Trump drew applause from 2000 delegates at a convention in Georgia as he denied obstructing justice and claimed the indictment was an attempt by Joe Biden to “jail his leading opponent”. Follow updates here.

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Trump’s case puts the justice system on trial

History’s first federal indictment against a former president poses one of the gravest challenges to democracy the country has ever faced.

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The one person Trump needs for acquittal

Despite the strength of evidence against the former president, the Department of Justice’s Special Counsel Jack Smith still has to convince every member of the jury.

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Biden’s IRA would survive a 2024 election defeat, Forrest says

Most Republicans except Donald Trump would stick with the $540 billion Inflation Reduction Act, Andrew Forrest predicts. But he doesn’t see maverick former president being elected.

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Trump hardens position on abortion, rails against indictment

The Republican frontrunner played up the fact that he appointed the three conservative Supreme Court justices who helped overturn a constitutional right to an abortion.

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Return of Donald Trump haunts the Western alliance

The US remains the bedrock of the Western alliance. If that rock began to crumble under authoritarian and isolationist policies, America’s allies would be in deep trouble.

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Chris Christie is Trump’s mean match

After years of watching Republicans cower before Trump, it’s bracing to see the disgraced former president finally meet his mean match.

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Trump warned of possible indictment over attack on Capitol

Federal grand juries in Washington have been hearing evidence in the criminal investigation into the former president’s efforts to reverse his election loss.

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A second Trump administration readies for power

The institutions of the new right expect Donald Trump to be the next president, and this time they will be prepared.

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The 33 key days in the charges against Donald Trump

Today’s indictment marks the third criminal case facing the former president as he barrels ahead with his 2024 campaign. Here’s a timelien of the key dates.

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‘Trump or death’: MAGA supporters cry foul outside court

Supporters of Donald Trump outside a Washington court were few and hard to find, but the former president remains the Republican frontrunner for the 2024 election.

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Trump’s running mate should be young, brown and rich

Vivek Ramaswamy’s opposition to ESG policies and racial protections would endear him to conservative Christians wary of the former president.

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Trump threatened with cash crunch as legal bills mount

The famously tightfisted Donald Trump might eventually have to reach into his own pocket as his political committees burn through cash at a furious pace.

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US court posts Trump charges - then takes them down

Officials denied reports the state of Georgia had filed charges against Donald Trump, even as prosecutors prepared a fourth indictment against him.

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None of these GOP candidates can beat Trump. So what do they want?

From the impartial first chairman of Australia’s Atlassian to sycophants and haters of the former president, the eight Republican presidential candidates preparing for Thursday’s debate all have different personal agendas.

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How will humans do it and when will it happen?

While the world was distracted by Putin and Trump, India pulled off a lunar landing. But with six nations and two billionaires eyeing up the opportunities, what will our first off-world settlement look like?

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Trump is no mug as he plays the role of anti-hero

Many worry that all his legal woes are turning Trump into a “martyr”, but I’m not sure that quite captures it. Rather, the former president is the ultimate American anti-hero.

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Murdoch ‘often wishes Donald Trump was dead’

A new book claims the 92-year-old media mogul is vehemently opposed to Donald Trump winning a second presidency.

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What the world should expect from a second Trump term

Admirers and enemies alike are forever reading grand visions into a man with an almost touchingly banal, dollars-and-cents worldview.

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Andrews’ exit is ‘a big shock’ for Victoria: Foley

Victoria’s former health minister says Daniel Andrews shock resignation will disrupt the state’s political system; Donald Trump defrauded banks as he built his real estate empire, a judge rules. Follow updates here.

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Could Donald Trump really replace him?

If removing the House Speaker for the first time in history wasn’t interesting enough, imagine appointing a former president facing 91 criminal charges.

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Big ideas trump commercialisation for new CSIRO boss

Doug Hilton has laid out plans for it to help answer the big questions facing society, while also making some money along the way.

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Andrew Liveris; Dow Chemical, Obama; Trump;

In this extract from “Leading through Disruption”, former Dow Chemicals CEO Andrew Liveris reveals how an attempted boardroom coup taught the new CEO a tough lesson about who he could trust.

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Pratt played Trump better than most, new recordings reveal

Despite privately comparing Donald Trump to the mafia, Anthony Pratt entered an administration whose policies lowered his taxes and benefited his business.

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How Donald Trump could run his election campaign from jail

His presidential campaign never stops and – a curious dynamic – the more his legal problems mount, the more his support rises among Republican voters.

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A Trump win would change the world

If Donald Trump were to return to the White House as president, the implications for the US, its allies and the global economy are sure to be profound.

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Ivanka Trump feared father not rich enough for property deals

Poised and polite on the stand, Donald Trump’s daughter was the last family member to take the witness stand in a civil fraud case against the former president.

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Joe Biden’s year of living dangerously

A Donald Trump victory next year would make the incumbent the most consequential single-term president in history – but not in a way he would wish.

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Biden can’t spin his way to re-election

To prevent a second term of Donald Trump, Democrats must accept that what is going wrong is their basic proposition, not the framing or messaging of it.

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Can Nikki Haley actually beat Donald Trump?

Tim Scott is gone, Chris Christie has a modest New Hampshire constituency and not much else, and Nikki Haley is having her moment.

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Trump tells Milei he plans to visit Buenos Aires

Argentina’s President-elect Javier Milei earlier this year called on Trump to “continue with his fight against socialism”.

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Why CEOs must plan for a second Trump presidency

We are likely to see a harder-edged President Trump, without moderate advisers to talk him out of introducing tariffs or blaming China as growth slows.

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Trump victory gives green light to Putin, Xi

Everything will change for European and Asian democracies if a man bent on dictatorship re-enters the White House next year.

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Why Nikki Haley is rising among the rivals to Trump

Even if she doesn’t win, her ascent may make this race more interesting, especially in the early states, which will begin to vote in six weeks.

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Biden says ‘self-evident’ Trump supported insurrection

The US president was responding to the Colorado Supreme Court’s ruling that threatens to remove Donald Trump from the presidential primary ballot in the state.

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The race for ‘the big mo’

Joe Biden and Donald Trump are the frontrunners for the presidency. But it’s a long road to November and early momentum will be crucial.

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What a Trump second term might look like

Donald Trump’s 2024 campaign has painted a vivid picture of his second term plans: prosecuting his political rivals, finishing his border wall, massive deportations, a trade war with China.

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Former CIA head Mike Pompeo to advise AUKUS tech fund

Mr Pompeo, who also served as secretary of state under Donald Trump, is the first of several senior advisers and directors DYNE Maritime is seeking to appoint.

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Where’s Melania Trump?

The former first lady’s conspicuous absence from the campaign trail – and the courtroom – has come to the attention of her husband’s presidential rivals.

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Trump seeks to capitalise on his week from hell

In what his own senior adviser told reporters was a ‘scheduling nightmare’, the GOP frontrunner’s court battles are starting to crowd out his campaign appearances.

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DeSantis and Haley vie for second spot as Christie drops out

Chris Christie, a fierce Trump critic, announced an end to his campaign in New Hampshire, just hours before Nikki Haley and Ron DeSantis were due to face off in a debate in Iowa.

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Trump defies judge with barrage of attacks in court

Former US president Donald Trump accused the judge of “having your own agenda” as a months-long case that could hobble his business empire came to an end.

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Donald Trump’s greatest threat

Never before have I seen extremism penetrate a vast American community so deeply, so completely and so comprehensively, writes David French.

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The case for Trump - by someone who wants him to lose

You can’t defeat a political opponent if you refuse to understand what makes him formidable. Trump got three big things right — or at least more right than wrong.

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Iowa farmers stung by Trump’s trade war eye Haley

Trump’s trade policies sway voters in the Iowa caucus; Penny Wong to tour the Middle East; Frederik and Mary become king and queen of Denmark. Follow updates here.

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Trump presidency won’t derail business, Forrest says

The Fortescue boss has a lot riding on the Inflation Reduction Act and is a big backer of Ukraine. But he doesn’t see Mr Trump entirely abandoning either of them.

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Judge threatens to kick Donald Trump from court

Donald Trump’s right to be at his defamation trial “can be forfeited,” the judge warned. Writer E. Jean Carroll is seeking $US10 million in damages at the trial.

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AusSuper duo ready for Trump 2024

Australia’s biggest superannuation fund has just opened a new office in New York. The prospect of another Trump presidency has not dimmed their optimism.

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The roots of Trump nostalgia run deeply both left and right

As Donald Trump’s support holds, many Republican elites are consoling themselves by remembering the years when it felt like they were running the Trump presidency.

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DeSantis exit shows Trump’s iron grip

Former US Ambassador to the UN. Nikki Haley, is now the last Republican in the race with a shot - albeit a long run - of beating Trump to the nomination.

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Wall St has changed its tune on Trump now that he might win

Many business leaders argue that the former president’s bark is worse than his bite. People warned about him in 2017, but the republic is still alive and kicking.

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Baltic States prime their defences for Russian attack

With a Trump presidency looming, vulnerable ex-Soviet countries are scrambling to prepare for the prospect that an emboldened Putin will widen his war.

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Pocock wants IR bill to do more on gig economy, road safety

David Pocock demands stronger measures to improve road safety for truck and food delivery drivers; a US court rules Trump can be put on trial for trying to stay in power after losing the 2020 election. Follow updates here.

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Biden blames Trump for sinking Ukraine aid deal

Donald Trump had trashed the $181 billion congressional agreement seen as the last chance to send more aid to Kyiv before fighting intensifies in the spring.

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Trump’s NATO scorn is built on a false premise

The former president misleadingly presents the alliance as a sort of protection racket where those who do not “pay up” will be abandoned by the United States.

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Biden blasts Trump for ‘dangerous’ Russia warning

Donald Trump’s comments on allowing Russia to attack NATO allies if they don’t pay up on funding sparked fear and outrage among US partners in Europe.

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MAGA’s violent threats are warping life in America

It is rare to encounter a public-facing Donald Trump critic who hasn’t faced threats and intimidation, writes David French.

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The women who could be Trump’s vice president

There are five key Republican women in line to run with the former president. Most of them fully embrace his political views.

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The real reason Nikki Haley is still running

The former South Carolina governor is boosting her brand by standing alone against Donald Trump in the Republican Party.

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‘Forced to sell’: Trump loses bid to halt $699m fine

The former president said he would be forced to sell parts of his real estate empire to cover the hefty penalty issued by a New York judge earlier this month.

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The mystery of the ‘secret non-Trump voter’

Despite a near clean sweep of Super Tuesday, the former president continued to underperform the pollsters’ predictions. What’s going on.

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Can Joe Biden win back America?

Polls give Donald Trump a slim lead over the US president in a 2024 match-up. Democrats say there’s time to turn things around.

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Trump hush money trial delayed until at least April

The judge’s decision to delay the first-ever criminal trial of a former US president marks a victory for Donald Trump in the lead-up to the November election.

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Trump’s avalanche of lies is now boring

The candidate’s unchecked flow of untruths and bizarre outbursts spell danger but they no longer cause sufficient shock.

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Israel to attend fresh Gaza ceasefire talks

Aid ship completes first delivery to Gaza; Ukraine hits Russian targets as presidential vote continues; Pence declines to endorse Trump. Follow updates here.

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Why no one will lend to cash-poor Trump

The Republican candidate’s financial difficulties pose risks for America as well as for himself.

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ASX rises; Platinum sinks over 20pc; Westpac down

Shares climb at the closing bell; monthly CPI data unchanged; Platinum tumbles after client pulls $1.4 billion; Southern Cross Media chairman retires; Trump Media rallies 16 per cent in first day of trading. Follow updates here.

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A Kennedy might be about to help Trump into the White House

Robert Kennedy jnr’s third-party candidacy could split the vote in key swing states. Polls give him between 2 and 15 per cent of the vote in a three-way race.

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The issue keeping Donald Trump awake at night

Democrats need to press home their advantage on the abortion issue that seems a sure vote-loser for Republicans in November.

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Trump flexible on AUKUS subs: Republicans

Republicans have signalled that Donald Trump is likely to back the AUKUS submarine sale deal with Australia if he is elected president in November.

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Relief in Ukraine as US House approves $95b in aid

The vote marks a victory for Republican defence hawks against the more isolationist wing of the party led by Donald Trump.

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Top US judges sympathetic to Trump in historic immunity case

Conservative Supreme Court judges signalled support for the former president on his claims of protection from prosecution in a case likely to impact the US election.

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Why Donald Trump is a style icon

With his dowdy, oversized navy suits and MAGA red caps, the former president’s personal brand is a crucial part of his accessible appeal.

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Trump threatened with jail, fined for contempt of court

The former president was ordered to pay the fine by the end of the week, and he deleted, as ordered, the offending posts from his Truth Social account.

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Campus protests may help Donald Trump win

History suggests the intellectual conformism sweeping university life could trigger a popular backlash that ends in conservative rule.

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Trump may owe $151m from double-dip tax breaks, audit shows

Donald Trump used a dubious accounting manoeuvre to claim tax breaks from his Chicago tower, an audit shows; protesters return to the streets across Israel, demanding the release of hostages. Follow updates here.

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Donald Trump becomes America’s first felon president

The conviction — a humiliating defeat for a man who has dwelled in legal gray zones for decades — brings America’s highest office to a new low.

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Democrats push Biden to make Trump’s felonies a top 2024 issue

Democrats are hungry to tell voters that Donald Trump’s conviction makes him unfit for office; Volodymyr Zelensky has arrived in Singapore for the Shangri-La Dialogue. Follow updates here.

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Singapore talks aim to ‘Trump-proof’ new economic deal

Trade Minister Don Farrell will lead a delegation of top Australian investors to Singapore amid fears over the future of the US-led Indo-Pacific Economic Framework.

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ASX to fall, Nasdaq and S&P 500 extend advances

Shares lose 0.3pc. Telix scraps US IPO. Bank of Japan holds rates. S&P 500 hits record high. Citi upgrades copper. Trump says he wants to trim US corp taxes. Follow here.

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Biden courts Hollywood, while Trump tackles swing state

Some of Hollywood’s brightest stars headlined a glitzy fundraiser for the president, while his opponent was on the hustings in the crucial battleground state of Michigan.

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Trump gloats over Biden’s debate performance

The former president repeated several of the false claims he made during the debate as he attacked Joe Biden anew.

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Rudd schmoozes Biden’s mooted replacements

Joe Biden’s poor debate performance has sparked discussion about who could replace him, and take on Donald Trump in November.

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Joe Biden asks wealthy backers to support him after Trump debate

Joe Biden hit the fundraising trail as he works to calm the nerves of wealthy donors following a feeble debate performance; French voters prepare to head to polling stations in the first round of legislative elections. Follow updates here.

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Biden’s post debate polling shocker

Major polls question if President Joe Biden can beat Donald Trump. Economists say immigration cuts may not slow inflation. Follow updates here.

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Russia takes control of settlement in eastern Ukraine

Russia’s defence ministry says that its forces took control of a small Ukrainian town; Divided Democrats blast Trump agenda to shift Biden focus. Follow updates here.

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Biden circle shrinks as Democrats fear election wipeout

The attempted assassination of Donald Trump at the weekend has muted some of the public pressure on the US president to exit the race. But the party remains deeply divided.

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Like Vance, Rudd has changed his views on Trump

The Australian ambassador to the US says he has been busy building bridges with Donald Trump’s team and the Republicans’ MAGA movement.

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Trump faces harsh new reality in White House fight

The Republican’s fight against Kamala Harris for the presidency risks losing traction with some key constituencies, including women and voters of colour.

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Harris leads Trump in three key states, say the latest polls

In a dramatic turn for the Democrats, the vice president is ahead of the Republican candidate by 4 percentage points in Wisconsin, Pennsylvania and Michigan.

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How Kamala Harris might still lose

After almost a decade of chasing or holding the White House, Donald Trump’s oddities are priced in while Harris remains ill-defined and half-tested.

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Trump holds press conference with groceries as props

Trump speaks at golf club as campaign adds advisers; NSW Liberal director sacked after ‘mind-boggling’ nomination failure; NZ PM to revisit deportation issue in trans-Tasman talks. Follow live updates.

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Dutton ‘playing politics’ with crisis in Gaza: Husic

Ed Husic accuses Peter Dutton of politicising the debate about visas for Palestinians fleeing Gaza; Donald Trump and Kamala Harris fight for Pennsylvanian votes. Follow updates here.

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Kennedy’s withdrawal hurts Harris more than Trump

Donald Trump had the most to lose from independent candidate Robert F. Kennedy jnr, and now he has the most to gain, an analysis of the past 10 major polls indicates.

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Trump’s plan to challenge the election result if he loses

Republican officials in a key swing state have taken over an obscure, unelected board to lay the groundwork for challenging a potential victory by Kamala Harris.

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Treasurer Jim Chalmers says I don’t second-guess the RBA

Jim Chalmers said a new question covering both sexual orientation and gender would be added to the 2026 census; Donald Trump pledges a 100 per cent tariff for countries that shun the dollar. Here’s how the morning unfolded.

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Trump hits the lead as Harris’ momentum stalls: poll

Ahead of the crucial debate, the new survey finds Donald Trump is retaining his support and voters are unsure they know enough about where Kamala Harris stands.

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Trump launches fossil fuel fight in Biden’s home town

The Republican ramped up his attacks on Kamala Harris’ shift to renewable energy in the critical state of Pennsylvania, where the rivals are virtually tied.

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Donald Trump allies prepare for election loss

Right-wing organisations have spent months and millions of dollars contesting ballot procedures and voter eligibility as they prepare for a fierce election.

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The 3 ways Trump is preparing to challenge the result

Step by step, Donald Trump and his allies are following the strategies that caused chaos four years ago. Election officials say they are ready this time.

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Australia urges no trade war under Trump, Harris

Don Farrell cautioned against a trade war, as experts warned more US restrictions on Chinese goods could hit Australia’s export growth plans.

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Women’s fury may be the reason Trump loses

A new poll suggests conventional political wisdom has been seriously underrating the scale of women’s fury over abortion bans and their revulsion at Trump’s cartoonishly macho campaign.

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Australia ‘shouldn’t fear’ Trump presidency: Abbott

Tony Abbott joined other leading conservative leaders in saying criticism of Donald Trump returning to the Oval Office at this week’s election was overblown.

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The billionaires in charge of Trump’s White House

His first term was heavily reliant on the party establishment. The inner circle now includes billionaires and is in tune with the ideas of the new right.

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Republicans on brink of total control of Congress

Wins in five more seats will give Republicans control of the House; Donald Trump wins Arizona, sweeping all seven battleground states; Trump picks golfing buddy for key role. Follow updates live.

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Donald Trump caught in another Musk fight

A battle has erupted between the tech billionaire and MAGA supporters over skilled visas. The incoming president has been caught in the middle.

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In Trump’s fantasy world, fish set fire to Los Angeles

It’s always worth examining whether fire and water management could have been improved. But this isn’t what the misinformation spread by climate deniers aims to achieve.

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The real reason Trump is quickly imposing tariffs

The president is hoping to raise revenue from new tariffs. He’s banking on this money to help plug a budget hole from his promised tax cuts.

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Donald Trump 2.0 makes landfall

Trump’s tariffs on Australian aluminium will have a modest economic impact, but his assault on US allies is changing Australia’s place in the world.

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Why Trump’s economic gamble will force the Fed’s hand

Donald Trump’s strategy to crush demand while giving US companies a boost is driving the world’s largest economy toward the edge, but it could be all part of the plan.

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How Canada’s ‘rock star’ Carney will fight Trump

The former central banker has cast himself as an even-keeled political outsider with the economic bona fides to take on the US and manage a trade war.

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Donald Trump jnr cashes in on the MAGA economy

ESG and DEI are out as the US president’s son makes lucrative investments that align with his father’s vision of America.

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Trump’s massive shipping fees threaten US trade

The president’s plan to slap huge fees on China-linked ships is starting to choke trade as US exporters struggle to find vessels to send goods abroad.

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Inside Clive Palmer’s one-man war on ASIC

Clive Palmer and Donald Trump both believe they’ve been the targets of unfair lawsuits by regulators, and both aim to get even.

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Time to go back to the basics and buy stocks like these

We, like almost every other investor on the planet, underestimated Trump’s resolve to reshape global trade and just how far he appears willing to go to do this.

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Trump moves to ramp up deep-sea mining

The US president signed an executive order to speed up permits for ocean mining to boost the supply of critical resources largely controlled by China.

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Trump hails UK trade deal but issues unresolved

The deal would drop tariffs on British steel and allow for imports of UK cars - but full details have yet to be completed. Follow live updates.

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US, China set for second day of high-stakes talks

The talks wrapped up after the first day without any statement, and come after Donald Trump said he could lower tariffs on Chinese goods to 80 per cent.

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Why is Trump so obsessed with other men’s looks?

The US president has never made a secret of his preoccupation with looks. But what has increased is the amount of time he devotes to the appearance of men.

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College wins another battle in war with Trump

A federal judge said she would issue a temporary order to prevent the Trump administration from blocking the school’s ability to enroll international students.

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50pc steel tariff to start on Wednesday

US Defence Secretary Pete Hegseth warns urgency is needed to prepare for a potential Chinese invasion of Taiwan; Trade Minister Don Farrell lashes Donald Trump’s doubling of tariffs on steel. Follow updates live.

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The Jeffrey Epstein files explained

In a spat with Donald Trump, Elon Musk invokes the Epstein files, a source of endless speculation and conspiracy.

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Why Trump can hold firm on immigration despite unrest

The developing situation in California looks ugly from afar. But one leading expert based in Los Angeles sniffs a Trump pivot that’s good news for investors.

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