Business

THE NEW YORK TIMES: Stocks and oil prices have risen slightly, with few signs of concrete progress in talks to establish a peace deal between the United States and Iran.

Telcos warn mobile users will wear a multibillion-dollar bill, but consumer groups say the numbers tell another story.

THE ECONOMIST: What makes one illegal market tolerated and another unthinkable? The answers are stranger than you’d expect.

Enjoying yourself and saving money aren’t usually said in the same sentence, but as the cost of living continues to climb, Australians are finding ways to do both.

Mexican fast-food chain Guzman Y Gomez has conceded defeat and will retreat from its ambition plans to conquer the US market.

Trillions of dollars of investment into the AI boom will lift inflation and wide the gap between winners and losers in a structural shift in share market returns.

Wilson Asset Management founder Geoff Wilson fears Labor’s proposed minimum 30 per cent capital gains.

Singtel has signalled it is open to selling a minority stake in Optus to a local partner, as the Australian telco tries to rebuild following recent scandals while facing rising costs.

SGH boss Ryan Stokes says the Albanese Government’s recent tax overhaul adds to a broader policy environment which is making Australia lose its investment attractiveness.

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.