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Labor wins federal election and extends majority

Labor wins landslide victory; Albanese extends majority, while Dutton loses seat, marking Coalition’s record low performance.

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Labor wins landslide victory; Albanese extends majority, while Dutton loses seat, marking Coalition’s record low performance.

In Short

Labor’s strong election victory allows Prime Minister Anthony Albanese to expand his majority, while Opposition Leader Peter Dutton suffered a significant defeat, losing his seat.

The results indicate a clear rejection of the Coalition, with Labor gaining ground on cost-of-living issues, despite the Greens and independents maintaining a presence.

Labor’s strong election victory will enable Prime Minister Anthony Albanese to expand his majority in the House of Representatives.

Opposition Leader Peter Dutton faced the biggest loss, not only losing the election but also his own seat.

Counting will continue in the coming days, with both the Greens and certain Liberals awaiting results to see if they retain their positions.

Voters have decisively backed Labor, defying early predictions and rejecting the Coalition. The ABC predicts that Labor will increase its seats under Albanese, who expressed confidence and determination in his victory speech.

Dutton’s defeat to Labor’s Ali France marked a significant setback for the Coalition, which saw its primary vote decrease to record lows.

Labor, focused on cost-of-living issues, not only held but also gained seats, particularly in the mortgage belt and outer metropolitan suburbs.Nationally, Labor’s primary vote rose, while minor parties and independents reached historic heights.

Vital presence

The Greens are currently facing uncertainty in three seats but will remain a vital presence in the Senate.

The Coalition called for calm as results arrived but by evening, analysts indicated a clear path to victory for Labor.

Dutton acknowledged responsibility for the Coalition’s poor performance during the campaign.

Labor began with 78 seats, and the Coalition is set to drop even lower.

Albanese’s win makes him the first leader since John Howard to secure two consecutive election victories.

Victories in Queensland and Tasmania demonstrated Labor’s strong performance, especially in areas previously dominated by Liberals.

Independents generally maintained their positions despite the overall shift towards Labor.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Markets watch RBA, tax talks, and Nvidia surge

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Investors are eyeing a possible rate cut from the Reserve Bank of Australia as inflation cools. In the US, Trump’s sweeping tax bill is dividing Congress ahead of the 2026 race. Nvidia gears up to report earnings next week, with markets hopeful the AI boom continues. Meanwhile, Bitcoin has hit fresh record highs, driven by ETF momentum and global demand.

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Trump’s “big beautiful bill” takes centre stage

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Donald Trump is back in Washington, rallying Republicans around his sweeping new budget plan—nicknamed the “One Big Beautiful Bill.” It promises to tackle inflation, border security, and government waste, while proposing a bold new Department of Government Efficiency—possibly led by Elon Musk. With U.S. debt over $36 trillion, Trump’s push comes at a tense economic moment. Supporters say it’s about fiscal discipline; critics say it’s far-fetched. As 2026 looms, the question remains—can Trump deliver real reform, or is this more political theatre?

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Tech, trade & tariffs reshape global economic landscape

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The global economy is undergoing rapid change — with breakthroughs in technology, shifts in trade policy, and renewed inflationary pressures all colliding.

In the U.S., the autonomous vehicle sector is accelerating after Waymo received key regulatory approval to expand its driverless services. The move could give Alphabet a competitive edge over rivals like GM’s Cruise, with the prospect of robotaxis generating real revenue on the horizon.

At the same time, fresh tariff threats are sparking alarm in the retail sector. Walmart has warned that new duties could trigger double-digit price hikes, putting pressure on consumers and potentially reshaping spending patterns, especially in electronics and apparel.

Meanwhile, the UK and EU have struck new trade agreements aimed at reducing red tape around food and emissions. The deals mark a step toward improved cooperation and could provide a modest economic boost for exporters.

With uncertainty still hanging over global markets, investors are once again turning to precious metals. Gold and silver are gaining attention as safe havens, with silver’s industrial use giving it added appeal in an uncertain climate.

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