Since last Wednesday—when the Federal Reserve rate decision dropped at 2:00 p.m. EST—to the market close on Friday, the Dow Jones Industrial Average slipped 4.2 percent and the S&P 500 Index fell 4.9 percent. While most business columnists put those declines mostly on the Fed’s rate increase, a deeper dive speaks to a more negative…

Australians can expect their electricity bill to rise by another 56 percent over the next two years—according to budget estimates—with the Labor government banking on a wider rollout of renewable energy sources to help bring down prices. The soaring energy costs comes despite pledges from Prime Minister Anthony Albanese prior to winning the May election…

The Victorian Labor Government has announced a new $250 (US$176.4) one-off payment for all Victorian households as part of the new Power Saving Bonus program for energy bills. “This is a great opportunity for Victorians to save money, ease the cost of living, and cut their energy bills,”  the Premier of Victoria Daniel Andrews said. Under…