Business

OpenAI has signed a multi-year, $US38 billion deal to buy cloud services from Amazon.

With inflation and unemployment rising, the Reserve Bank has no option but to hold rates and a return to hikes looks increasingly possible.

Microsoft AI chief Mustafa Suleyman says only biological beings are capable of consciousness, and that developers and researchers should stop pursuing projects that suggest otherwise. 

Westpac’s CEO says average-income Australians are locked out of the housing market with the bank seeing enquiries for first-home buyers double in a matter of weeks.

Borrowers will get a signal on whether Australia’s recent inflation bounce has blown up the chance of any further rate cuts when the Reserve Bank meets on Tuesday.

The Australian Tax Office is desperate to overturn a landmark ruling allowing remote workers to claim thousands, with an expert warning it could ‘lead to a marked increase in other work-related deductions’.

NICK BRUINING: While there’s a thriving business in building self-contained homes in the backyard, many aren’t aware a granny flat arrangement can be set up in an existing home, with little or no modification.

Optus’ CEO has again said management’s failure to implement overhauls to triple-0 call connections since 2023 was not responsible for deadly call outages in September.

ANZ’s sacked trader has exposed allegations of drug taking and visits to strip clubs at the bank and is now seeking a huge payout from it for wrongful dismissal.

DANIEL NEWELL: Gen Zers are cementing their position as the powerhouse generation when it comes to spending, outpacing their older rivals who are further tightening their belts.

NICK BRUINING: While constant change provides fertile ground for financial advisers, accountants and many others that earn a living off change, it surely highlights this much, much broader problem.

THE ECONOMIST: Even the best traders struggle to predict sudden jumps in volatility.

Westpac has confirmed the sale of RAMS, which has loans worth $21.4 billion, a little more than a week after it was fined $20 million.

A Senate probe investigating a deadly triple-zero outage will haul in Optus’ senior leaders and top communications officials for questioning.

More Aussies are delaying their retirement plans due to cost of living pressures, but a finance expert says there are seven simple things everyone can do to help them retire early.