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Federal Reserve chairman Jerome Powell may start cutting rates aggressively within the next six to 12 months.

The multitrillion-dollar dilemma facing the US

The soaring US economy and a surging Wall Street have created a problem for the world’s leading central bank.

  • by Stephen Bartholomeusz
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Companies

Woolworths has been forced to write down the value of its New Zealand business.

Woolworths flags $1.5b write-down for New Zealand business

Transformation plans for its New Zealand operations are progressing slower than expected as high rebranding costs, a tough economy and high interest rates hit home.

  • by Jessica Yun
More than a decade ago Brett Blundy decided to take his private investment vehicle BBRC global. He moved initially to Singapore to do this and later Monaco.
Analysis
Retail

Billionaire Brett Blundy has ‘outstanding’ executives but picked an outsider to run his empire. Why?

For more than four decades, Brett Blundy has backed and invested in retailer groups that are household names from Lovisa, Hype, Platypus, The Athlete’s Foot, Bras N Things to Best & Less.

  • by Anne Hyland
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Opinion & Perspectives

The multitrillion-dollar dilemma facing the US

The soaring US economy and a surging Wall Street have created a problem for the world’s leading central bank.

Stephen Bartholomeusz
Stephen Bartholomeusz

Senior business columnist

Why all politicians want to use bracket creep to mislead you

Politicians on both sides hope bracket creep remains their dirty little secret. Let me tell you how it really works.

Ross Gittins
Ross Gittins

Economics Editor

China’s economy is in serious trouble. It could soon be everyone’s problem

Alarm bells are ringing louder over China’s economy. But it is no time to gloat.

Paul Krugman

Banking & finance

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Entrepreneurship

The team leading Kiki, as well as its investors, have come under fire for its pivot from a subletting business to a girls-only social club.
Opinion
Funding

Kiki case highlights pitfalls of a ‘girls only’ social club run by five men

There’s clearly something a bit strange about a service targeted at women, yet run predominantly by men.

  • by Millie Muroi
Stephen Pagliuca, the Boston Celtics owner, Keith Joung, one of Arena’s newest hires, Thomas Cahill, a Boston venture capitalist, and Stuart Schreiber, a longtime Harvard-affiliated researcher who quit to be Arena’s lead scientist, at Arena BioWorks

The secretive lab where billionaires are spending a fortune hunting for the next big thing

In an unmarked laboratory stationed between Harvard and the Massachusetts Institute of Technology, a splinter group of scientists is hard at work.

  • by Rob Copeland

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