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Sydney, Melbourne, Adelaide are top 10 least affordable cities for housing

Demographia released its annual list of housing affordability in 94 major markets. Five Australian cities were assessed. Three ranked ‘impossibly unaffordable.’ Perth and Brisbane are ‘severely unaffordable,’ according to the report.

  • By Shivaune Field
  • Business Journalist

Billionaire Hinduja family members get 4.5 years in Swiss prison for exploiting house staff

The four family members were acquitted of human trafficking charges.

  • By Ty Roush
  • Forbes Staff

Meet the fintech billionaire making a fortune rewarding home renters

With support from American Express’ longtime CEO Ken Chenault, the founder of fintech Bilt Rewards has become a billionaire creating a membership rewards program for apartment and home renters across the country.

  • By Kerry A. Dolan
  • Forbes Staff

Exclusive: The Inside story of Chime, America’s biggest digital bank

As he looks towards a possible 2025 IPO, CEO Chris Britt opens up about his own history and Chime’s current business and future. Could Washington stomp on his plans?

  • By Jeff Kauflin

Why PayPal’s comeback plan could take years, if it works at all

With its stock down 80% from its pandemic high and its share of online payments slipping, the fintech pioneer and new CEO Alex Chriss need a win.

  • By Jeff Kauflin

The 2024 Forbes World’s Most Influential CMOs List

Forbes has released the 2024 Forbes World’s Most Influential CMOs list, recognizing 50 chief marketers from around the world whose influence stands apart.

  • By Seth Matlins

Guzman y Gomez surges to $3 billion valuation on ASX debut

Mexican fast-food restaurant Guzman y Gomez has floated on the ASX, and is trading at a share price of $30 (at the time of writing) – up 36% on company expectations.

  • By Anastasia Santoreneos
  • Forbes Staff

Google launches Australian AI accelerator to address $280b opportunity

A tech advisory firm study estimates that AI will create $280 billion in economic benefit by 2030. Google is tapping into the demand with a new AI-first accelerator for Australian entrepreneurs.

  • By Shivaune Field
  • Business Journalist

Billionaire Hinduja family accused of confiscating staff passports, forcing 18-hour work days

The Hinduja family, worth an estimated $20 billion, is accused of exploiting domestic staff and paying as little as $8 per day for servants.

  • By Mary Whitfill Roeloffs

Meet the skydiving billionaire with sky-high returns

Thrill-seeking Larry Connor has notched astronomical real estate returns while flying a fighter jet, traveling into space and plunging to the depths of the ocean.

  • By Giacomo Tognini
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