Markets

The launch of low-cost artificial intelligence models from China's DeepSeek in January has cooled Wall Street's AI rally.

JACKSON HEWETT: Global inflation will be high and volatile for many years to come, an expert with the world’s largest fund manager, BlackRock, has warned.

Coles boss Leah Weckert says it moved quickly to take advantage of the pre-Christmas strike at rival Woolworths, resulting in $120 million in extra sales and $20m in earnings.

The car dealer reported a 25 per cent fall in annual profit to $223 million on record revenue of $11.2 billion, but investor focus was on its upbeat assessment of the company’s prospects.

Budget carrier Jetstar has powered a lift in Qantas Group earnings as the dominant Australian airline slowly pimps up and replaces its aging fleet of the Flying Kangaroos.

Qantas is set to pump a chunk of its half-year profit of more than $900 million into a game-changing upgrade of cabins across its fleet of Boeing 737s, including those on route to Bali.

Flight Centre has hit turbulence as it battles to lift margins and revenue.

What cost of living crisis? Westfield shopping centres owner reveals a surprising profit of more than $1 billion for 2024.

However, the corporate regulator says it is making ‘preliminary enquiries’ into the $32 billion logistics software giant ahead of quick call on any action.

The S&P 500 and the Nasdaq have nudged one-month lows as investors put off buying amid rising consumer and political uncertainties.

Shares in Domino’s Pizza were in freefall after the fast-food giant revealed hefty restructuring costs related to mass store closures had delivered a $22.2 million loss in the first half of the financial year.

Treasurer Jim Chalmers has used the first day of his charm offensive in Washington DC to highlight Australia’s financial contribution to the US economy, as he attempts to gain a carve-out from US tariffs.