Corporate news, markets, and the economy
The RBA has raised rates to 4.1%, adding $225 monthly to mortgage payments already strained by inflation. As the Middle East fuel crisis deepens, Australians face a choice between recession or soaring living costs.
Daniel Kovac 
Fresh data reveals the Sydney breakfast show lost listeners in the first ratings survey of 2026, before the on-air clash triggered contract terminations and legal warfare.
Ella Sullivan 
Amazon plans to slash its USPS shipments by at least two-thirds by September, threatening $6 billion in annual revenue for a postal service already bleeding money at catastrophic rates.
Sarah Cheng 
Nvidia is building a multi-billion-dollar CPU business by producing just one 88-core Vera model, avoiding the manufacturing complexity that traditional chipmakers face.
Darren Ong 
A Delaware court has ordered South Korean gaming publisher Krafton to reinstate the CEO of its Subnautica 2 studio after finding the company deliberately used ChatGPT to plan his removal and avoid a $250 million performance bonus.
Andrew Marsh 
Robinhood has launched Robinhood Social in beta, a trading platform combining social networking with verified trades, as the company expands beyond commission-free stock trading.
Sophia Vargas 
RACV is investing in data foundations to support expanded AI applications across its customer service channels, with plans to move beyond initial contact centre work into more sophisticated agent-driven automation.
Aisha Khoury 
Walmart and OpenAI's approach to AI-powered shopping is quietly changing. Instead of relying on direct purchases within ChatGPT, Walmart is embedding its own Sparky assistant into ChatGPT and Google Gemini to drive traffic back to its ecosystem.
Yuki Tamura 
As the war in the Middle East rages on, global weapons manufacturers are experiencing record profitability, raising questions about the true cost of the conflict and who bears it.
Zara Mitchell 
Epic Games Store continues its aggressive free game giveaway programme, distributing 75 games annually to attract users. Yet whether casual players convert to paying customers remains the company's biggest challenge.
Oliver Pemberton 
Two high-profile insider trading cases exposed a glaring weakness in prediction market regulation: the exchanges themselves are doing the policing, with little federal enforcement to back them up.
Riley Fitzgerald 
Western automakers are retreating from ambitious electric vehicle commitments in North America and Europe, writing down billions in losses. Yet Australia's EV market is accelerating rapidly, driven by competition and domestic policy, suggesting the global EV story remains unfinished.
Kate Morrison 
Samsung is discontinuing its Galaxy Z TriFold after just three months on sale, citing production costs that made the $2,899 device increasingly unaffordable to make.
Sarah Cheng 
Rising petrol prices triggered by Middle East conflict have triggered a dramatic shift in Sydney commuting patterns, with public transport usage climbing above 2.4 million weekday trips.
Zara Mitchell 
Hikari restaurant in Teneriffe is closing its doors after 21 years, with just 10 days' notice and limited availability for final bookings.
Oliver Pemberton 
BMW is bringing back the i3 nameplate for a completely new electric sedan that debuts today. It's the second model on the company's radical Neue Klasse platform, and it could redefine what a premium EV actually costs to make and own.
Andrew Marsh 
Cricket Australia is weighing whether to expand gambling partnerships or privatise BBL clubs. Either path carries real trade-offs for the sport's future.
Jimmy O'Brien 
Australia's major supermarkets are keeping grocery delivery prices unchanged despite surging fuel costs, even as airlines and other transport firms impose new surcharges.
Mitchell Tan 
Alibaba Cloud announced up to 34% price increases this week, joining AWS and Google Cloud in breaking a long-standing industry pattern of declining cloud service costs.
Nadia Souris 
The Reserve Bank's narrow five-four vote on interest rates reveals the genuine complexity of managing inflation against growth. Treasurer Chalmers says Australia has solid economic foundations, but families face mounting pressure from both rising costs and higher mortgages.
Daniel Kovac