Two weeks after unveiling massive job cuts, NAB has made it clear its braced for economic pain. Welcome to the banking sector’s first real credit cycle in more than a decade.

#nab

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There are midterm losses. Then there’s the 2026 Trump blowout

World News

1w ago

There are midterm losses. Then there’s the 2026 Trump blowout

The Republicans’ defeat this year most closely resembles the landslide defeat for the party in 2006 under leader George W. Bush.

#trump #election

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Investors shouldn’t throw equity baby out with midterm bathwater

Business & Economy

1w ago

Investors shouldn’t throw equity baby out with midterm bathwater

There is a credible argument that, while the occasional setback on Wall Street is inevitable, what we are seeing in the AI and tech space is a secular trend not a bubble.

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Car dealers want pause on new Chinese brands after recording losses

World News

1w ago

Car dealers want pause on new Chinese brands after recording losses

A 70 per cent surge in the number of car brands is undermining Australian dealer profits, as fears grow China’s vehicle market is exporting its problems.

#australia

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Super fund giant ART unveils Aussie equities capital markets unit

Business & Economy

1w ago

Super fund giant ART unveils Aussie equities capital markets unit

The country’s second-largest pension fund is standing up a new hedge fund-style equities desk as it looks to invest more directly in the Australian sharemarket.

#aussie #pension #australia

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How a feared judge became the headline act at an Oxford St rave cave

World News

1w ago

How a feared judge became the headline act at an Oxford St rave cave

Frustrated legal sector rockers finally got their five seconds last week at LawRocks, a battle of the bands night judged by the country’s snarkiest judge.

#oxford

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Humm starts probe into alleged leak of market-sensitive information

Business & Economy

1w ago

Humm starts probe into alleged leak of market-sensitive information

The investigation into potential misconduct at the non-bank lender comes after talks with parties, including Macquarie, about acquiring its commercial unit.

#humm

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NextDC prepares for takeover battle after Goodman share raid

Technology

1w ago

NextDC prepares for takeover battle after Goodman share raid

The data centre operator has run into trouble over its growth projects, but its existing facilities are highly prized by potential suitors.

#goodman

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NextDC board hires bankers for potential takeover battle

Business & Economy

1w ago

NextDC board hires bankers for potential takeover battle

The data centre group has tapped Barrenjoey and UBS as advisers on any potential approach after its shares were raided by Goodman Group and its US partner.

#goodman #australia #york

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‘Rupert doesn’t want to be with a loser’: Murdoch empire cools on Trump

World News

1w ago

‘Rupert doesn’t want to be with a loser’: Murdoch empire cools on Trump

The Murdoch media group appears to be contemplating life after Donald Trump post midterms, despite the magnate’s conviction to advancing the conservative cause.

#trump #rupert #murdoch

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Woodside to cut over 500 jobs in $570m cost purge

Business & Economy

1w ago

Woodside to cut over 500 jobs in $570m cost purge

The oil and gas producer will reduce almost $600 million in annual costs starting in 2028 and is reforming its dividend policy.

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Midterms data centre backlash throws AI boom off a cliff

Technology

1w ago

Midterms data centre backlash throws AI boom off a cliff

The Democratic wave at the elections came despite a wall of money from oligarchs and crypto bros. Now big tech is a big villain and a reckoning is on the way.

#election

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