Palantir CEO Alex Karp surges 67 places in Forbes Billionaire ranks as stock skyrockets 30%
The AI revolution “makes us very optimistic about the future,” billionaire co-founder Alex Karp said.
Investing
Australia’s job market is healthier than it looks
Strong employment growth, high participation and narrowing gender gaps show Australia’s labour market remains in good health, despite signs of a broader economic slowdown, argues Stephen Koukoulas. Australia’s labour market is in good health. This does not mean it is perfect. Far from it. But considering that perfection in the labour market is as unrealistic […]
IMAX stock reaches all-time high as CEO says ‘The Odyssey’ demand ‘continues to defy gravity’
The Christopher Nolan flick surpassed IMAX’s single-month box office record by 47%.
Best Under A Billion 2026
The annual Best Under A Billion list highlights 200 best-performing publicly listed small and midsized companies in the Asia-Pacific with revenue under $1 billion.
Should residential investors start buying commercial property?
Opinion: With negative gearing tax changes prompting many Australians to rethink residential property, commercial assets are attracting fresh attention. But higher yields come with very different risks, argues Abdullah Nouh This year’s federal budget has done something no market cycle, interest rate rise, or affordability crisis has managed to do. It has made Australians question whether […]
US Dow Jones posts its worst day of the year after Federal Reserve holds interest rates
Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”
Rocket Lab alum raises $10.5m to build ‘anti-gravity chamber’ for space manufacturing
Outlier Space has raised an unusually large $10.5 million pre-seed round to build a satellite designed to help companies manufacture pharmaceuticals, silicon and other advanced materials in microgravity. Space is becoming a new frontier of advanced manufacturing thanks to the wonders of microgravity. That may sound like sci-fi, but antipodean investors are betting it will […]
Apple briefly surpasses $5 trillion market value—joining Nvidia
The iPhone maker recently regained its spot as the world’s most valuable company.
Australia won’t win the AI arms race. We don’t need to
Opinion: Australia should play to its strengths in the AI era, leveraging critical minerals and renewable energy while ensuring global tech giants pay their fair share of tax, argues AirTree co-founder Daniel Petre AI is the biggest technological shift in modern history. It’s already smarter than us at a growing list of tasks, touches every […]
The AI boom has created a new donor class of ‘anxious’ givers
An army of newly wealthy AI workers is searching for causes worthy of its money. Animal advocates think they may also be sitting on the future of philanthropy.