Business

The ultrabillionaire has defended Donald Trump, hyped AI, and defended himself and his megarich peers form being villainised in a new interview, but he's also offered an olive branch for the poor.

The jobless level for April was the highest since November 2021 when Sydney and Melbourne were in COVID lockdown. Westpac chief economist Luci Ellis said a June rate hike was now off the table.

Its users are burning through quadrillions of tokens a month, costing the company computing power and money.

THE NEW YORK TIMES: It would lay the groundwork for one of the largest artificial intelligence company offerings that would heighten the stakes of the technology race.

James Murdoch says his company's acquisition of two media outlets reflects a ‘deep commitment to ambitious journalism’.

SpaceX has unveiled plans for one of the biggest sales of stock to the public ever with an initial offering that could make Elon Musk a trillionaire.

Rising living costs and interest rates are hurting housing sales, and alarm is now growing after a controversial Labor Government tax change.

Nvidia’s profit topped $63 billion in just three months to April 26, although its stock fell in the after hours market as investors perhaps look to competitive risks.

Market strategists tip house prices to stay under pressure as a top of the interest rate cycle may signal a rotation back into out of favour growth stocks.

Foreign investors will be further scared off Australian mining and energy — pushing up power prices and crippling the nascent critical minerals industry— by a retrospective change to capital gains tax rules.

The lobby group for small business owners is hoping enough nervous Labor MPs raise concerns about tax changes that could cause unemployment to rise.

Australia should be ‘unleashing’ its oil and gas sector instead of controlling it as Canada plots to snaffle our markets, Santos boss Kevin Gallagher says.

Online travel group Webjet has emerged from a trading halt to warn Virgin Australia's decision to offer holiday packages is likely to hurt future revenue.

A financial adviser has warned Australians an ‘extremely overvalued’ property market will take a hit from rate hikes, Federal Budget tax changes and a potential economic downturn.

A major review of Australia’s $103 billion GST funding system is under way. Here’s how a small Canberra bureaucracy decides where the cash flows.