Business

Legal action has been launched against one of America’s biggest financial institutions over alleged financial ties with convicted sex trafficker Jeffrey Epstein.

Investors have shrugged off President Trump’s tariff threats as ASX banks, miners and data centre businesses linked to AI sent shares to a record high.

A November call on interest rates is set to go down to the wire as the Reserve Bank faces the threat of dual hits from rising unemployment and hotter inflation.

THE ECONOMIST: As China and America clash over trade, cracks emerge in each side’s position.

Bank lending to property investors has reached its highest level in almost a decade, as yields surge while care workers and teachers struggle to afford rents.

Unemployment is now at a four-year high, stirring pressure for a Melbourne Cup day rate cut.

While unemployment figures are tipped to remain on hold at 4.2 per cent, changes to the forecast could put pressure on the central bank to cut rates.

THE NEW YORK TIMES: ‘France has traditionally been the locomotive of Europe, now it has become the caboose.’

BHP’s Australia boss has said the mining giant’s relationship with China is ‘strong’ amid a rumoured ban on the company’s iron ore and revealed her price prediction for the vital commodity.

Adult ChatGPT users can will soon be able to access a less censored version of the artificial intelligence chatbot, which will include erotic materials.

A senior Reserve Bank official is predicting house price increases, as the IMF forecast inflation problems in 2026.

THE ECONOMIST: Beijing turns the war on monopolies into a weapon against America.

The AGM in Brisbane has heard that the appointment of a new CEO will be directed by the next chair

Scores of Fortescue jobs are set to go as the miner offshores work to China and Germany while drastically scaling back plans to build renewable batteries in-house for mining trucks and equipment.

Gold and silver prices surged again on Tuesday as the gains spread across the share market and boosted national wealth.