Every year Australia eases off between the Melbourne Cup and Australia Day, an unofficial months-long slowdown that helps many workers switch off but may be weighing on national output. Labour productivity has fallen to 0.8%, and critics say the annual pause compounds the country’s weak growth, while supporters point to clear benefits for wellbeing and synchronised time off.
All Ordinaries
9,205.20
+2.18%up
Data is delayed
S&P/ASX 200
9,065.10
+2.01%up
Data is delayed
S&P 500
7,688.62
+1.58%up
Data is delayed
One Australian dollar buys
Updated 6 November 2026 at 2:50 am. Prices are delayed and for information only.
Longstanding customers are revisiting memories of David Jones’ marble floors, wooden escalators and in-store services as the century-old retailer confronts a precarious future. The Elizabeth Street flagship, long a draw for suburban families making an annual pilgrimage to the city, now stands uncertain as shopping habits and competition have reshaped retail.
The Wright Burt Foundation has donated $120 million to environmental causes, with large gifts distributed across 10 environmental organisations. The donation from one of Western Australia’s wealthiest families represents a major private boost to conservation groups operating in the state.
Tools for real life
Run the numbers before you decide. Our calculators are built for Australian tax, super and home loan questions.
Guides
Mortgages, super, investing and tax explained without the jargon.
Explore the guides
