Corporate news, markets, and the economy
Atlassian is cutting 1,600 jobs (10% of its workforce) to fund AI investment and enterprise sales, as the software giant struggles with a stock price that has fallen 50% this year.
Tom Whitfield 
Australia's fuel distribution system is buckling under demand spikes triggered by Middle East conflict, with regional areas facing severe shortages and price spikes. The government is defending its response.
Jake Nguyen 
With the Strait of Hormuz blockaded, global shipping has ground to a halt. That means higher fuel costs, delayed goods, and rising prices across the board—and Australian consumers will feel it.
Ella Sullivan 
Just one week into a high-stakes antitrust trial, the Justice Department stunned the court by announcing a settlement with Live Nation. The company avoids forced breakup but must cap fees and allow competition.
Sarah Cheng 
Qantas and other global carriers are raising international airfares this week after jet fuel costs jumped to record levels due to escalating conflict in the Middle East, forcing a reckoning across the aviation industry.
James Callahan 
Nvidia has disclosed plans to invest $26 billion in developing open-weight AI models, marking a dramatic shift from its role as infrastructure provider to direct competitor with OpenAI and DeepSeek.
Jake Nguyen 
Motion capture performers at 2K Games have ratified their first union contract after voting to unionise in November. The deal marks a historic moment for creative workers in video games seeking AI protections.
Jake Nguyen 
Rivian launches its first affordable electric SUV in spring 2026, undercutting Tesla Model Y pricing with advanced features and potential Australian availability later.
Fatima Al-Rashid 
Framework has raised RAM and storage prices again, marking the fourth consecutive monthly hike as AI-driven data centre demand strangles supply chains. DDR5 memory now costs $13-$18 per GB, up from $12-$16 last month.
Sophia Vargas 
Looking Glass is crowdfunding Musubi, a 7-inch holographic photo frame priced at $149 that uses AI-powered technology to turn regular photos into 3D holograms without requiring headsets or glasses.
Tom Whitfield 
Google has completed its $32 billion acquisition of Israeli cybersecurity firm Wiz, marking the largest deal in the company's history and signalling a dramatic bet on security as the foundation of cloud competition.
Oliver Pemberton 
A survey of 3,200 UK broadband customers shows Scottish subscribers suffer the most disruptions relative to spending, while compensation schemes remain poorly understood.
Aisha Khoury 
Hasbro's chief executive uses AI extensively in his own D&D games, but says the company won't introduce it to its flagship franchises because customers have made clear they don't want it.
Oliver Pemberton 
Amazon has acknowledged that AI-generated code needs more careful human oversight following multiple outages, but a wave of layoffs has left the company with far fewer engineers to do the reviewing.
Sophia Vargas 
Panasonic is drowning in demand for Blu-ray recorders after Sony and other competitors exited Japan's market. But there's a catch: they can't actually make them fast enough.
Andrew Marsh 
Nick Clegg is joining the board of Nscale, a UK AI infrastructure company valued at $14.6bn, signalling his next move is away from Big Tech politics and toward backing practical AI hardware.
Samantha Blake 
Storage prices are surging 46% in hard drives alone as AI data centres monopolise supply. Industry executives warn higher costs are now the new normal, not a temporary blip.
Andrew Marsh 
Geopolitical uncertainty over the Middle East conflict has prompted Australia's big banks to sharply revise their interest rate forecasts, warning of potential double-dose rate hikes that could stretch already stressed household budgets.
Sarah Cheng 
After three weeks of silence, Kyle Sandilands and Jackie O Henderson are back in contact and exploring a radio return together, even as Kyle faces a contract termination ultimatum from ARN.
Jimmy O'Brien 
Oracle's Q3 results reveal a widening gap between large enterprise software vendors and smaller competitors as AI coding efficiency reshapes the SaaS landscape.
Priya Narayanan