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- Opinion
- Chanticleer
Nuclear debate healthy, shame about the timing
It turns out Peter Dutton is deadly serious about sparking an energy debate. But is this really about nuclear? Big business is scratching its head.
Hack wipes $140m from Melbourne mansion-owning crypto king
Michael Egorov, who spent $59 million purchasing two mansions in Hawthorn, said he “doesn’t spend much time in Australia”. His curve token plunged last week.
- Analysis
- Rich List
Why Cannon-Brookes, Farquhar are down $15b in just two months
Concerns about Atlassian’s cloud growth rate have triggered a share sell-off, which has wiped a combined $15.4 billion off the valuations of its co-founders.
Rate increase ‘more likely this year’ after RBA’s tough talk
An increasing number of economists say the next policy meeting in August is “live” for a rate rise after the central bank’s language at this week’s meeting.
Here’s how investors should trade the US election
Goldman Sachs says these commodities are the best way to protect investments against the threat of a fresh wave of inflation.
- Opinion
- Chanticleer
How the market lost its mind over the Guzman y Gomez float
The reaction to the fast-food group’s IPO has startled many market watchers. But strip away the memes, hoodies, bulls and bears, and it’s all about valuation.
- Live
- Markets Live
ASX tips lower; energy stocks gain, WA1 Resources soars 25pc
Australian shares end lower. CSR bows out of ASX after six-decade run. Beach Energy hit with broker downgrades. Helia Group sinks on CBA review.
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Companies
NAB clarifies crypto strategy with investment in Zodia Custody
NAB Ventures joins Standard Chartered and Northern Trust on the register of London-based Zodia, revealing NAB’s crypto play may involve custody services.
- Exclusive
- Investment banking
Ex-UBS trio joins crowded investment banker space with new M&A firm
Denison Partners, the latest start-up advisory outfit, will leverage the bankers’ experience in real estate, funds management and financial services.
European renewables outfit TagEnergy takes $4b wind farm bet
The company, backed by the same investment firm behind sector giant Neoen, has locked in financing from major local lenders and the government’s green bank.
Ellerston Capital-backed software start-up sells for more than $US100m
The purchase of Camms, a risk and compliance software developer, delivers a payday for the little-known Collins family from Adelaide and its big finance backers.
Beach looks to power generation, gas storage in turnaround plot
The Stokes-backed oil and gas producer’s new chief executive, Brett Woods, said he would sell non-core assets and reduce headcount by up to 30 per cent.
- Updated
- Payments
RBA flags BNPL fee crackdown in broader probe into credit cards
The central bank’s head of payments says it will launch a review of regulations as soon as it is handed the power to do so under new legislation in parliament.
Market finds solace in McLachlan’s experience growing AFL bets
But others, like David Pocock, are increasingly unhappy about the “nexus” between the powerhouse football code and major wagering companies like Tabcorp.
Companies in the News
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Markets
Nvidia eclipses Microsoft as world’s most valuable company
Shares of the chipmaker climbed 3.5 per cent, lifting its market capitalisation above Microsoft, just days after it overtook Apple.
- Opinion
- Monetary policy
Fed needs to cut interest rates sooner not later
The delay by the US central bank in easing monetary policy could jeopardise a soft economic landing.
Why Regal’s Phil King is shorting CBA
The Regal Partners investment chief has made the so-called “widowmaker” trade in betting against the nation’s largest bank.
- Opinion
- Chanticleer
15 ASX stocks that can win from a new capex ‘supercycle’
The twin peaks of population growth and Baby Boomer spending have insulated sharemarket investors against rate hikes. Now a new tailwind is emerging.
What happened overnight? Nvidia became the world’s most valuable company
Australian shares were set to open modestly lower. Nvidia extended its rally, while Microsoft and Apple pulled back. US consumers slowed down.
Opinion
Li’s visit may be as good as it gets for China ties
Dialogue is vital. But the reality for Labor’s “stabilisation” is that the strategic environment will continue to breed black swans and black elephants crises in the Sino-Australian relationship.
Geopolitical analyst
Why JobKeeper may be part of our productivity problem
An anxious Reserve Bank of Australia is hoping for a pick-up in labour productivity this year to help alleviate the economy’s inflation problem.
Economics editor
Central bankers doing their best to silence rate cut hopes
Investors are responding to high rates with a novel investment strategy – keeping the bulk of their money in cash and using the rest to punt on AI stocks.
Columnist
Mookhey’s NSW budget misinformation
The truth is NSW doesn’t have a revenue black hole. It has a problem with limiting the size of government.
Editorial
Prepare for yet another big EV adoption hurdle
Apartment owners and strata managers are unprepared for the costs and complications of securing building insurance for blocks with electric vehicle owners and charging facilities.
Columnist
Albanese elevates diplomacy over the drum beat of war
Few can doubt the success of ‘stabilisation’ for the Australia-China relationship, but how might it work when applied to the region?
International editor
Reports
Executive education - Microcredentials
A growing number of employers are developing short, sharp courses known as microcredentials in collaboration with tertiary institutions.
Politics
‘Dangerous escalation’: Jewish MP deplores attack on his office
Police have launched a manhunt after pro-Palestinian activists smashed windows and tried to set fire to Labor MP Josh Burns’ office.
Labor to introduce laws to break up CFMEU after Setka stoush
The move has come in response to union boss John Setka’s war on the AFL and is likely to fuel tensions between Setka and Labor.
RBA warns on budget spending surge
The board warned that big-spending government budgets risked stoking demand, and conceded inflation was proving stickier than expected.
Australia criticises China for sea skirmish in sign tensions remain
Improved communications between the Australian and Chinese militaries will not reduce the likelihood of potentially dangerous confrontations, experts warn.
- Analysis
- China relations
Billions of reasons why Li was made welcome in the West
Chinese Premier Li Qiang’s visit underlined the importance of Western Australia to Australia’s trade relationship with China.
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World
China’s copper glut soars in sign of stuttering economy
Copper inventories in Shanghai warehouses have reached their highest levels since 2020, as manufacturers rein in demand.
Israel approves battle plans for Hezbollah, edging closer to war
A top US official is holding crisis talks in Lebanon as fears of an all-out war between Israel and Hezbollah grow.
- Analysis
- US election
Trump, Biden switch election battle to capture middle America
Joe Biden and Donald Trump are starting to give some ground to catch the all-important voters in the centre who are still not convinced about either candidate.
Putin arrives in North Korea in ‘desperate’ bid for weapons
The Russian president arrived for his first visit to the DPRK in 24 years, amid warnings of more arms transfers to Moscow for its war in Ukraine.
Netanyahu slams Biden for withholding weapons
The Israeli prime minister’s strong message is designed to appeal to right-wing allies, and the White House said it “did not know what he’s talking about”.
Property
Nuclear plan puts sovereign risk back into infrastructure: Contractors
The Coalition’s energy proposal rekindles uncertainty for a contracting industry counting on renewable energy to offset a slowdown in rail and road work.
Poor energy-efficient properties becoming stranded in Europe
More than half of 250 European commercial real estate portfolio managers surveyed acknowledge that more than 30 per cent of their assets are stranded.
Investor exodus gathers pace in Melbourne, Sydney
Higher tax burdens and weaker capital gains are prompting a growing number of property investors to sell out of Melbourne and Sydney.
Construction insolvencies will level out, CBA says
After a few torrid years of collapses among builders and subcontractors, there are signs that conditions are going to normalise.
- Exclusive
- Luxury property
$65m LA mansion built by collapsed developer Caydon on the market
The five-bedroom luxury home perched above Sunset Boulevard has only just been completed by a company associated with Joe Russo’s collapsed Caydon Group.
Wealth
- Opinion
- Income tax
How to cut tax if you have an employee share plan
Don’t assume the taxman won’t come knocking – this is how it works and what you can do to soften the blow.
‘Active’ a dirty word in investing circles, high fees an issue: JP Morgan
JP Morgan executive Andrew Creber argues active managers are on the cusp of a comeback but passive investor Betashares says ‘no chance’.
- Opinion
- Sharemarket
Aussie tech stocks that could supercharge a portfolio
These seven companies have collectively returned an astonishing 1151 per cent since 2016.
Technology
McDonald’s scraps drive-through AI after customer gets bacon ice cream
Other malfunctions spawning mocking videos on social media have included hundreds of dollars’ worth of nuggets being automatically added to an order.
Car subscription software company raises $3.95m
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Opinion
- AI
Better late than now: how Apple’s AI could have stayed in longer
It tells you something when even Apple, the company that rose to greatness on the back of lateness, has to come out with a product that isn’t quite ready.
Work & Careers
Employers lure workers back to office with promise of their own desk
Hot desking took off during the pandemic as a way to save money amid a new era of hybrid work. Now some firms are having second thoughts.
How Australia can become a world leader in green hydrogen
A short course is being developed to give electrical engineers the specialist knowledge they need to work in the emerging green hydrogen sector.
Life & Luxury
Her perfumes cost up to $30k. Now they’re for sale in Australia
Lyn Harris is one of the world’s most celebrated noses. How does that even happen?
Companies switch on to new ways of staff training
A growing number of employers including law firms are developing short courses known as microcredentials in collaboration with tertiary institutions.
How four minutes a day can boost your fitness
Exercise snacking, where you fit several simple micro-workouts into your day, is an ideal solution for busy execs.
When in Rome, leave in a private jet: on board a $76.5k group tour
There’s nothing like having a plane chartered for you to take the stress out of travelling between Europe’s great cities and iconic sites.
France has a plan to end fast fashion. Now Australia does too
As cheap clothing clogs landfill, the fix is in: tax it.
