Business

OpenAI has moved closer to a stock market debut, potentially unlocking billions in wealth and extending the AI gold rush.

AARON PATRICK: The leading artificial intelligence companies are racing to crystallise billions in value for investors by promising to change the world. Is the hype credible?

‘The next move in the cash rate is likely to be down.’

Australian consumer confidence has slipped into ‘deeply pessimistic’ territory as households battle with persistent cost-of-living pressures, while expectations for the housing market also cooled.

The Australian share market has tumbled in early trade as nervous investors, returning from a Monday public holiday on the east coast, wait on further signs of any flare-up in tensions across the Middle East.

The creation of new jobs in the United States has sparked inflation fears, causing the Australian share market to plunge.

The temporary resumption of hostilities highlighted Donald Trump’s twin failures in controlling his Israeli ally and cajoling Iran to accept a lasting truce.  

High-profile fund manager Geoff Wilson said it was ironic Australians were rushing to the float when Labor was about to make share investing more expensive.

By becoming eligible to claim a part-age pension, you’ll be fully exempt from the new minimum 30 per cent tax CGT. Here’s the hacks you need to know to get yourself support from Centrelink to ease the blow.

As the stark reality of changed capital gains tax rules sink in, one significant carve-out is grabbing the attention of those Australians likely to be affected. Here’s what you need to know.

Elon Musk is the face of SpaceX’s explosive growth but as the company heads toward a blockbuster IPO, it is someone else who may be the real power behind the rocket giant.

Australia’s recession risk is rising as the national economy is hit with three economic shocks, and the worst may still be ahead.

Anthropic says artificial intelligence could soon improve without human intervention and wants to co-ordinate a way to pause development of advanced AI systems.

US stocks have closed lower as investors digested data showing unexpectedly robust jobs figures.

Reserve Bank of Australiadeputy governorAndrew Hauser has defended its approach to interest rates after it reversed the string of rate cuts in 2025, saying criticism can easily be made with hindsight.