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Former FTX exec Ryan Salame gets 7.5 years in prison

Salame is the first associate of Sam Bankman-Fried to be sentenced to prison.

  • By Cailey Gleeson

Amazon Prime Video introduces ads, raises ad-free subscription by 33%

When Amazon Prime launched in Australia in 2017 it cost just under $7 a month. This time last year the company hiked its monthly fee to $9.99 – a 42% jump. Come July, watching ad-free content will set Prime Video users back $12.99 each month.

  • By Shivaune Field
  • Business Journalist

Investors gave a teenager $85 million to build hydrogen weapons. It’s not going well

Ethan Thornton’s vision for Mach Industries wooed investors, but he has been hamstrung by technical challenges, safety hazards and a cavalier approach to leadership.

  • By David Jeans
  • Forbes Staff

Nvidia CEO Jensen Huang’s net worth rockets to $90 billion – now among top 20

The “godfather of AI” is a much richer man thanks to Nvidia stock’s more than 20,000% increase over the last decade.

  • By Derek Saul
  • Forbes Staff

Australian fashion brand Dion Lee enters voluntary administration

Renowned Australian fashion brand Dion Lee has entered voluntary administration following reports Cue Clothing Co. has stepped back from its partnership and recalled their investment in the business.

  • By Samuel Hussey
  • Head of News & Life

TikTok planning global layoffs after US signs ban into law

TikTok is reportedly set to conduct a round of global layoffs across its operations and marketing teams.

  • By Anastasia Santoreneos
  • Journalist & List Editor

Nvidia earnings: Stock rallies as AI giant reports 600% profit explosion

Results are in for Nvidia’s monumental earnings report.

  • By Derek Saul
  • Forbes Staff

Federal Budget 2024: 5 sectors to watch if you’re an entrepreneur

The Australian government released its budget for the 2024-25 financial year, with investment indicating where the nation is placing its focus looking ahead.

  • By Anastasia Santoreneos
  • Journalist & List Editor

2024’s meme stock resurrection adds more than $500 million to fortunes of these two billionaires

The return to social media of the pandemic era meme stock captain didn’t just boost shares of fabled meme stock GameStop, it sent several other meme stocks up big, helping make the fortunes of billionaires linked to the entities even richer.

  • By Derek Saul
  • Forbes Staff

Billionaire Jim Simons’ last interview: The hedge fund legend on the universe, making money and giving it away

Simons, who died Friday at age 86, spoke at the Forbes 400 Summit on Philanthropy last September in his final public appearance.

  • By Hank Tucker
  • Forbes Staff
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