Nvidia hits record $5.5 trillion value. First company to ever reach mark
Shares of the AI juggernaut are up nearly 20% in the last four weeks.
Investing
Australian billionaires’ Chemist Warehouse chain begins UK expansion
Sigma Healthcare will license the Chemist Warehouse brand and provide inventory management and marketing support to Greenlight’s 22 stores across London.
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.
Billionaire snaps up Gold Coast hotel, retail complex for $346 million
Forest Endeavour—controlled by Taiwanese billionaire Lin Chen-hai—has acquired the Paradise Centre and Novotel Surfers Paradise in Australia’s Gold Coast for $250 million.
Mark Zuckerberg says AI costs contributed to layoffs of 8,000 staffers
Meta plans to slash 8,000 jobs at the company, accounting for 10% of its workforce.
The top 10 richest people in the world (May 2026)
There’s a new member of the $300 billion club and a second sibling from America’s richest family among the planet’s ten wealthiest people.
Big tech is on track to spend $1 trillion on AI this year
Tech giants are on pace to double AI spending this year.
Key moments in Elon Musk’s trial against Sam Altman: ‘I was a fool’ to fund OpenAI
Tesla billionaire Elon Musk reportedly declared, “Without me, OpenAI wouldn’t exist,” on the witness stand Wednesday as his testimony in his trial against Sam Altman stretches into a second day.
OpenAI investors Nvidia and Oracle fall after AI giant misses revenue target: reports
One executive told employees that OpenAI may be unable to fund future computing contracts.
Anthropic taps tech veteran to head new Sydney HQ
The AI giant behind Claude has appointed Theo Hourmouzis as General Manager for Australia and New Zealand and confirmed the opening of its Sydney office, as the company expands its enterprise and government footprint in the region.