The AI craze is not only threatening to wipe out jobs and inflate a sharemarket bubble. It’s also costing governments more when they borrow.
There’s been a major shift in how Australians buy shares, sparking debate over whether our market is becoming more prone to wild swings – or even the risk of bubbles.
Can AI-powered personal assistants break the “lazy tax”? Maybe, but there’s also a real risk they could misbehave.
The NSW regulator said questions remained about the casino’s progress in improving its governance, leadership and culture.
Even when the RBA is satisfied it has inflation under control, we should not expect rates to come down by a lot.
Changes to negative gearing and capital gains tax have made super funds more attractive, prompting a surge in voluntary contributions.
Some of Australia’s rich-listers are getting burnt as private creditors get roasted by the failures of publicans and property developers. But that won’t be where the pain stops.
Warnings about the artificial intelligence race are becoming ever more apocalyptic, but the AI companies can’t be counted on to slow down by themselves.
A year ago, ANZ boss Nuno Matos made sweeping job cuts and signalled a cultural shake-up. It’s only part of the planned overhaul at the big four bank.
The central bank won’t come riding to the rescue of the property market, but nor can it ignore what the housing slump says about the economy.
