Business

NEW YORK, NEW YORK - APRIL 09: CEO of JPMorgan Chase, Jamie Dimon visits "Mornings With Maria" with Maria Bartiromo at Fox Business Network Studios on April 09, 2025 in New York City. (Photo by Noam Galai/Getty Images) Noam Galai

Will Jamie Dimon build the first trillion-dollar bank?

The JPMorgan Chase boss is already heading up the biggest bank America has never seen. But he’s looking to go even bigger.

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Myer executive chair Olivia Wirth and Premier Investments chair Solomon Lew.

Mixed bag for Myer as Apparel Brands disappoints

Myer has posted a mixed trading update, with a better performance from its chain of department store but a big drop in sales from its newly acquired Apparel Brands fashion portfolio.

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One Australian company is making a mint out of targeting menopausal women with alarming online ads to promote their supplement range.

The Aussie brand’s ‘lose 1kg a day’ menopause claims exposed

A viral company is under fire for bombarding women with ads promising rapid weight loss and dramatic transformations during menopause, claims leading health experts say have no scientific backing.

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Bitcoin has typically correlated with equity markets, particularly the tech-heavy Nasdaq.

Bitcoin hits new record high as rally marches on

Bitcoin continued its blistering rally on Thursday, hitting a brand new record high above $111,000 ($172,304). 

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The hunt for the Gold Lotto draw winner came to a successful end on Thursday.

‘Surreal’ reason man didn’t claim $1.6m win for a month

A man from a regional Queensland town has come forward as the winner of $1.6m Gold Lotto draw 39 days after the draw, saying he just ‘couldn’t believe it’.

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Reserve Bank deputy boss Andrew Hauser.

‘Don’t count China out’ in trade war: RBA deputy

There is ‘striking confidence’ in China that the country can win a trade war with the United States, Reserve Bank deputy boss Andrew Hauser has revealed.

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Andrew Forrest and Mark Hutchinson.

Andrew Forrest demotes energy boss in Fortescue overhaul

Fortescue has announced the demotion of its energy boss Mark Hutchinson amid a raft of other leadership changes at the top end of the Andrew Forrest-led business. 

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Interest rates will remain, warn economists.

The four ways Donald Trump’s tax bill will affect Australia

How Donald Trump’s ‘big, beautiful’ tax bill is impacting Aussie housing prices

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Jakob Stausholm, chief executive officer of Rio Tinto, will step down in 2025.

Rio Tinto CEO to step down in 2025

Rio Tinto has announced chief executive Jakob Stausholm will step down in 2025, confirming a succession plan process in a notice to the ASX.

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Optus is working to salvage its reputation after a network-wide outage in 2023 and a cyber attack in 2022. NCA NewsWire / Gaye Gerard

Optus rings up revenue growth as customers flock back

Optus may be starting to put the past behind it and regain the public’s trust after 2022’s massive data breach and a nationwide outage the following year as mobile phone customers flock back to the telco.

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Wesfarmers boss Rob Scott at the group’s strategy day on Thursday.

Cash rate relief will take time, warns Wesfarmers boss

Wesfarmers boss Rob Scott says this week’s rate cut is welcome news but it will take time to seep into consumer spending, warning many low income workers are ‘still doing it tough’.

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While tech barons continue to spruik the benefits of generative AI, many companies are growing frustrated at the current limits of the technology.

Welcome to the AI trough of disillusionment

Tech giants are spending big, but many other companies are growing frustrated with the new technology.

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If Labor pushes through its contentious changes to the taxation of superannuation balances over $3 million, the Treasurer will be overseeing a neat strategy to pay down years of outsized government spending.

The secret Budget trick behind Labor’s super tax grab

If Labor pushes through its contentious changes to the taxation of superannuation balances over $3 million, the Treasurer will be overseeing a neat strategy to pay down years of outsized government spending.

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A Walmart store is shown in Oceanside, California, U.S., May 15, 2025.

Why Walmart decided to raise prices — and risk Trump’s fury

The largest discount chain in the US warns higher prices are on the way for shoppers.

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Westpac chief executive Anthony Miller is planning to axe more than 1500 jobs.

Westpac’s biggest redundancy round in years draws union ire

The Finance Sector Union says it has reached out to Westpac seeking an urgent explanation about the bank’s plans to axe more than 1500 jobs in what would be its biggest redundancy in a decade.

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