Investing

Netflix’s recovery came as other media empires flailed, with shares of Disney, Paramount and Warner Bros. Discovery each more than 50% below their 2021 peaks.

A former Savage X Fenty executive will replace Martin Waters at Victoria’s Secret.

Bequests to philanthropic organisations are expected to double over the next decade, growing from $1.3 billion in 2024 to $2.6 billion in 2034. Inheritance to family, friends and charity is expected to reach $5.4 trillion by 2044 according to JBWere.

The case against Google follows a string of antitrust suits targeting tech giants, including Meta and Apple.

Australian venture capital firm OneVentures, headed up by Michelle Deaker, has just launched its seventh fund, targeting $200 million.

Now worth $2.8 billion, Groq thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for AI from scratch.

The Reserve Bank of Australia is expected to keep rates on hold at 4.35% when it meets this afternoon after softer-than-expected inflation data and a share market bloodbath.

The price of Bitcoin hit its lowest mark since February, reversing months of gains.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.