Housing and AI shocks have arrived for Australia’s middle class
This week has laid bare the accelerating housing correction and the arrival of an AI jobs shock. It will be deeply uncomfortable for households.
afr.com • Primary: Business & Economy • English
Chronological feed of stories from The Australian Financial Review (AFR)
This week has laid bare the accelerating housing correction and the arrival of an AI jobs shock. It will be deeply uncomfortable for households.
We’ve seen it time and time again – the ultra-wealthy and powerful acting as if the rules don’t apply to them.
After a decade in Vegas, outgoing Aristocrat chief executive Trevor Croker leaves behind a $40 billion-dollar legacy.
Plus, Grace Wales Bonner’s new collection with Adidas, activewear from District Vision and blue jewels by Jasmin Sparrow.
Major indexes have been unsteady throughout the week as artificial intelligence-focused companies pushed and pulled the market.
The Microsoft outage shows no sign of resolution with millions still unable to access emails; Scott Bessent has attacked the Commerce Department over Nvidia. Follow live updates.
It is increasingly clear that Anchorage underestimated how deep the structural challenges ran, and how quickly Australians would change their shopping habits.
More than 1.35 million small businesses owe money to the Australian Taxation Office, and 71,000 directors have been told they are personally liable for debts.
The Sydney private equity firm wanted to close David Jones stores and take the brand upmarket. Three years later, the dream has collapsed.
The mining and agriculture magnate and majority owner of the famed Kidman portfolio is reshaping her vast holdings to focus on higher-value beef.
John Holland and CPB were passed a message from the then-minister’s office that they couldn’t have “any more work in Victoria” if they didn’t end a dispute with the union.
Labor’s scheme will become less generous and be phased out faster under the top options being considered by the federal government.