David has been an ABC reporter since 2011, working across radio, television and online. During his time at the ABC he has filed for a wide variety of programmes including The Business, 7pm, AM, The World Today, PM, and RN Breakfast. You can hear David on afternoon Drive programmes, or see him explaining business and finance on the ABC's News Channel. He also writes regular financial analysis pieces for ABC Online.
Anthropic looks set to surpass SpaceX's record-breaking IPO despite so far failing to produce an annual profit.
It's not just NAB that is slashing its staff numbers, as large businesses look for ways to become "more agile" during lean times. But could this turbo-charge the path to recession?
Suncorp Bank mortgage borrowers have received an alarming email informing them ANZ's takeover could see their minimum monthly mortgage repayments increase by hundreds of dollars.
The cost of insuring against a debt default by Wall Street's tech titans has hit record levels. Soaring debt and rising interest rates have investors fretting about a potential collapse.
Australia's unemployment rate remained at 4.7 per cent in September, after August's jobless rate was revised upwards.
The miner's copper exposure means it's used as a proxy for the AI trade, which has come off the boil.
The ASX said a record 11.5 million Australian adults now hold investments outside traditional superannuation and their main home. Emerging trends include taking AI advice, investing in crypto and the doubling of ETF ownership.
The company is reportedly having to lower its share price after bankers scrambled overnight to find enough demand for its planned upcoming listing on the ASX.
Five weeks into the spring season, property data firm Cotality said the combined capital clearance rate of 45 per cent was at its lowest level since July.
Interest rates are approaching levels that would hurt Australia's economy and the retirement savings managed by major superannuation funds, according to the Bank of America's head of interest rates strategy.
Borrowers are on tenterhooks as they wait for the Reserve Bank's decision on interest rates.
Bond yields are the highest they've been in 20 years as inflation fears rip through global financial markets. It's a warning the financial squeeze is set to get worse before it gets better.
A leading economist has warned the price of unleaded petrol could be headed above $2.70/litre. Meanwhile, the share market closed the week in negative territory as a global bond sell-off deepened.
Unemployment has risen to the highest rate in the post-COVID era.
ASIC commissioner Simone Constant fires a shot across the bow of Australian private credit, warning the clock is ticking on poor lending practices.
If you are struggling with current interest rates, the Reserve Bank's leaders delivered the sobering message that they are only just getting back to a "more sensible level".
A rate hike looks imminent with the strongest indication yet from the Reserve bank today.
With no sign of de-escalation, there is a higher risk the expanding Iran war will push oil prices even higher than the level it reached during the global financial crisis in 2008.
Competition in the mortgage market is heating up as banks compete for fewer customers by cutting home loan rates, while economists expect the Reserve Bank to hike interest rates.
The bond market is often the window into the soul of the international economy.
If inflation remains stubbornly high in Australia, we can expect interest rates to rise and asset prices to go down. But it's that exact scenario that risks putting the global economy on the trajectory of another financial crisis.
Several Australian banks and global investment banks are now forecasting the Reserve Bank will hike the cash rate again this month.
Shares in a major travel services company used by parliamentarians and embroiled in a $100 million scandal, Corporate Travel Management, plunge more than 80 per cent.
The Australian economy has defied expectations, growing slightly despite a cost-of-living crunch that hit household spending across the country.
The yield of the Australian government's 10-year bond has climbed to a 15-year high, in a worrying sign for Australian borrowers.
Topic: Business, Economics and Finance
