Business

TOM RICHARDSON: The algorithm economy is why mega-cap tech bosses will commit unlimited amounts to AI.

Why Meta and Alphabet can’t stop spending on AI

TOM RICHARDSON: AI will accelerate the algorithm economy and its potential explains why mega-cap tech bosses will commit unlimited amounts to AI investments.

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Jim Chalmers is stoking fear about international instability while his domestic policies contribute to price rises that could drive up interest rates.

Jimflation Effect: Jim Chalmers deflects as inflation surges

AARON PATRICK: The Treasurer is stoking fear about international instability while his domestic policies contribute to price rises that could drive up interest rates.

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Coles boss Leah Weckert says shoppers are feeling more optimistic.

Coles eyes Christmas ‘sweet spot’ as Woolies lags behind

Coles is still outpacing Woolworths’ sales growth, but analysts suggest the latter’s stock might be a better value buy for share market shoppers.

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Wesfarmers chief executive Rob Scott will deliver a mixed trading outlook to the AGM in Perth later on Thursday.

Wesfarmers slides ahead of AGM on consumer caution warning

While sales growth at the group’s flagship retail chain Bunnings has improved on the June half-year, cost-of-living pressures are still weighing on shoppers.

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A MinRes truck on the upgraded Onslow Iron haul road.

MinRes on the road to redemption after strong quarter

Haul road problems are in the rear view mirror, Mineral Resources says, and the company is now on track to reach full-year volume and cost guidance across the board.

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US President Donald Trump looks on as Nvidia CEO Jensen Huang speaks about investing in America, at the White House in April.

With Don’s favour, Nvidia becomes the first $US5trn company

The President lauded the chipmaker’s chief executive, Jensen Huang, on his Asia trip, as Nvidia pitches itself for a central role in Donald Trump’s economic plan

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THE ECONOMIST: New data shows China’s productivity is back up, but the recovery may be more statistical than real.

Is China’s rebound for real?

THE ECONOMIST: New data set says China’s productivity is back up, but the recovery may be more statistical than real.

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Nvidia hits new milestone amid AI goldrush.

Nvidia soars as world’s first $5trn company amid AI boom

Nvidia has become the world’s first company worth more than $5 trillion, cementing its dominance in the AI boom that’s reshaping global power.

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Federal Reserve Chairman Jerome Powell.

US Fed cuts rates again as Powell casts doubt on future

The Federal Reserve has approved its second straight interest rate cut, as chair Jerome Powell rattles markets casting doubt over what the central bank will do next.

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Microsoft says a fix is being rolled out after an outage on its Azure cloud portal. (AP PHOTO)

‘Ongoing issue’: Microsoft hit with major outage

Microsoft says it is investigating an issue affecting its Azure cloud portal that has left users unable to access Office 365, Minecraft and other services.

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Market dives, dollar soars on investors’ rate reaction.

Market dives, dollar soars on investors’ rate reaction

Wednesday’s surprise inflation data hurt share investors and sent property stocks lower as evidence of more food price rises threatens to sting retailers like Woolworths.

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Stock pictures of the Crown complex in Melbourne, Sunday, Nov. 29, 2009. (AAP Image/David Crosling) NO ARCHIVING

Crown bounces back to black after pain of hefty fines

New financial results show further cutbacks, including redundancies, and a resumption of revenue growth helped turn Crown around from an almost $165m loss the previous year.

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Chris Bowen says taxpayers maybe forced to bail out Australia’s biggest aluminium smelter.

Why taxpayers may have to prop up Tomago Aluminium

The Federal Government could be called in to prop up Australia’s biggest aluminium manufacturer.

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Bill Gates appears to have shifted his stance on climate change in a new memo from the Microsoft co-founder.

Gates: Climate change ‘will not lead to humanity’s demise’

In a memo, the Microsoft co-founder warned against climate alarmism and appears to have shifted some of his views about climate change.

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Wikipedia founder speaks out about the launch of Grokipedia.

Wikipedia founder takes aim at new rival Grokipedia

Wikipedia founder Jimmy Wales has slammed Elon Musk’s Grokipedia, mocking its ‘praise of the genius of Elon Musk’ and issuing a warning about the new model.

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