Markets

Veteran retailer Solomon Lew has criticised the Federal Government for what he says is mismanagement of the economy because everyday Australians were paying the price.

Rip Curl and Kathmandu’s struggling owner KMD Brands has left the door open for potential takeover offers after suffering a heavy full-year loss.

Three rounds of interest rate rises from the Reserve Bank, coupled with a petrol crisis fuelled by the Middle East war and a warmer than average start to winter, has driven losses at Myer deeper into the red.

America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions

Stocks tied to artificial intelligence fell on Monday after AI leaders, led by Anthropic CEO Dario Amodei, called for a slowdown in the pace of development of AI capabilities.

The central bank for 21 member countries cited its decision as a response to inflation fuelled by high oil prices from the Iran war.

Lending rules introduced during the pandemic five years ago are being blamed for locking out first home-buyers and restricting the supply of new housing.

Oil prices have briefly hit the $US100 per barrel mark during Asian trading.

Little-known Wildcat Infrastructure has bettered South Korean conglomerate Hanwha’s offer of between $US1.05b to $US1.2b.

SGH chief executive Ryan Stokes has been appointed chair of Australia’s biggest media group, Southern Cross Media.

Nvidia Corp. has agreed to acquire artificial intelligence startup Hugging Face, which was at the centre of a recent high-profile cybersecurity incident.

Higher rates are crushing households, but a wave of spending on miners, infrastructure and AI is creating a new breed of share market winners.

Endeavour chief executive Jayne Hrdlicka has shown her confidence in the embattled Dan Murphy’s owner as she drives its painful restructure by buying nearly $1 million worth of company shares.

Virgin Australia says fuel hedging and more fuel-efficient aircraft helped it offset the soaring price of oil following the US and Israel’s attacks on Iran earlier this year.

EXCLUSIVE: Western Australia is uniquely positioned to help global leaders address ‘crazy challenges’, the state’s Regional Development Minister has told an international oil and gas conference in Norway.

Mineral Resources has swung from a $896 million loss to a $1.2 billion net profit and reinstated dividends.