Business

Consumers can expect to pay more for smartphones and laptops, JB Hi-Fi boss Nick Wells warns, as the artificial intelligence-led boom in data centres squeezes technology supply chains.

OpenAI President Greg Brockman told a California jury Tuesday that Elon Musk physically threatened him during a 2017 confrontation.

Graphic design giant Canva has been slapped with $792,000 in penalties after the corporate regulator alleged four companies within the group failed to lodge financial reports on time.

Anthony Albanese has announced a new plan to lift Australia’s fuel reserves to 50 days and stockpile fertiliser in the wake of the Iran war prompted energy crisis. 

Commonwealth Bank has become the first of the Big Four to lift interest rates following the Reserve Bank of Australia’s decision on Tuesday. It was closely followed by NAB, ANZ and Westpac.

EDITORIAL: A Government cash splash will be working in direct opposition to the RBA. And looking at the big picture beyond a possible small Government sugar hit, we will all be the losers.

AARON PATRICK: A government that has spent four years splashing cash, driving up inflation and interest rates, is now promising to become fiscally conservative.

War inflation is squeezing the owner of Bunnings, Kmart and Target, with the boss warning higher costs will soon be passed onto customers.

Australia’s biggest steelworks is generating about half the profits it could be from assets like Port Kembla, according to businessman Ryan Stokes, who is leading a takeover bid for the company.

Households could soon be paying an extra $3300 in mortgage repayments in a year, as banks started to pass on the RBA rate hike announced on Tuesday.

Qantas CEO told professional investors travellers would prefer to cut back on drinking or socialising rather than air travel.

The Reserve Bank has raised interest rates by another 25 basis points to 4.35 per cent, undoing last year’s relief. Governor Michele Bullock hinted at more pain and cautioned against higher government spending.

For borrowers, the question is not simply whether rates will rise again, but if paying for certainty now is worth the risk of being locked in later.

The blockade remains, the war began 65 days ago, and the President still has to deal with the question of Iran’s uranium.