Musk closer to trillionaire status after SpaceX files for IPO
An anticipated stock market debut for Musk’s aerospace firm may be the largest ever.
Investing
Abu Dhabi’s hidden stake in one of venture capital’s biggest players
A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi.
$1.6 billion in card surcharges to be scrapped under new RBA rules
The Reserve Bank of Australia will ban surcharges on eftpos, Visa and Mastercard payments from October 1, removing an estimated $1.6 billion in annual fees so consumers pay only the sticker price, while American Express remains exempt and subject to review.
Inside the race to sell OnlyFans
OnlyFans has been a money-printing machine for its secretive billionaire owner Leonid Radvinsky. Investors were puzzled by an obscure debt fund’s pitch to buy him out, until they learned of his terminal cancer diagnosis.
New bill wants lawmakers banned from trading on prediction markets
A proposed bill would bar members of Congress, the president and other executive branch officials from trading on political events.
Dow, S&P 500 and Nasdaq rebound in ‘relief rally’—as gold prices stumble
The major U.S. stock indexes on Monday rose from their lowest level this year, after President Donald Trump claimed earlier in the day the U.S. held “productive” talks with Iran, resulting in a “relief rally” for stocks that also prompted a decline in oil and gold prices.
Live: RBA Rate Decision Tracker
From aggressive hikes to the first cuts of the cycle, the Reserve Bank’s policy moves have reshaped mortgages, business borrowing and the economy. Below, we break down every rate decision since 2023.
Oil, interest rates, and why Australia is burning through its new fuel safety net
More than 700 million litres of fuel has been released from Australia’s stockpile, in order to get petrol and diesel into the hands and vehicles of rural customers. Here’s how long our reserves can last.
Atlassian cuts another 1,600 jobs amid AI shakeup
Mike Cannon-Brookes has announced a 10% reduction in Atlassian’s global workforce, saying the company must adapt quickly to fund AI and enterprise growth while moving toward sustained profitability.
Netflix buys Ben Affleck’s AI company shortly after ditching Warner Bros. acquisition
Affleck says the company’s AI technology is not about “generating something from nothing,” but instead can be used to help with filmmaking aspects like coloring, lighting and visual effects.