Markets

Shares in the Sydney-founded company joined a tech stock rout Tuesday, on worries they will lose business to artificial intelligence giants such as OpenAI, which owns ChatGPT

The first profit result after the media group’s merger with Seven West Media was led by the radio division, which increased operating profits 28 per cent.

Soon KFC, Guzman y Gomez and McDonald’s could all be competing for customers in the morning economy for eating out for breakfast.

Australian shipbuilder Austal has signed $5 billion worth of contracts to produce Army vessels, in a deal the Albanese Government claims will generate hundreds of local jobs.

Wesfarmers boss Rob Scott says he expects the recent call by the Reserve Bank to hike interest rates and uncertainty over the prospects of higher-for-longer inflation will rattle consumer sentiment.

The revised bid is a “best and final” $32.25 a share offer that values Australia’s biggest steel maker at $15 billion.

Michelle Kruger is stepping back from leadership of the flagship shipbuilding business ahead of retiring on June 1, leaving it to be run by its chief operating officer.

WA iron ore no longer makes up the lion’s share of BHP’s earnings and boss Mike Henry ‘fears’ an ‘explosion’ of union activity will stifle long-term investment in the business unit.

JB Hi-Fi customers have cast aside higher cost-of-living pressures to splurge on the latest gadgets, helping the electronics and appliance behemoth post record sales and better-than-expected profit.