The Australian | Business | World Business News
FBI probes possible J.P. Morgan hacking
Aug 27 2014
THE Federal Bureau of Investigation is probing a possible computer hacking attack on J.P. Morgan Chase & Co.Snapchat valued at $10bn
Aug 26 2014
KLEINER Perkins Caufield & Byers has agreed to invest in ephemeral message service Snapchat at a valuation of close to $US10 bn.Rosneft poised for Arctic LNG stake
Aug 26 2014
ENERGY giant Rosneft is poised to take control of a new Arctic Circle LNG project planned for an area of northern Russia fronting the Barents Sea.Global tech to transform over 3 weeks
Aug 26 2014
THE world’s tech will undergo a transformation over just three weeks with a bonanza of new phones, tablets, smart watches and OLED 4K TVs.Young diners not lovin’ it
Aug 25 2014
MCDONALD’S revenues have slumped and there’s one key reason: Millennials aren’t Maccas fans, choosing fresher, healthier food instead.Former IBM chief John Akers dies
Aug 24 2014
JOHN Akers, who led IBM as its longtime dominance of the computer industry began to wane, has died, aged 79.Bangladesh next in Seek strategy
Aug 20 2014
ONLINE jobs and education group Seek will continue expansion into international markets.Buffett joins $200K club. Membership: 1
Aug 15 2014
IMAGINE if you’d spent a grand on a single Berkshire Hathaway share 31 years ago. That stock just passed $US200,000 and is still climbing.Bloomberg Markets
Tech’s Red-Hot Rally Is Leaving Nvidia Far Behind
May 6 2026
Nvidia’s grip on the AI processor market is seen as increasingly under threatDisney Films, Parks Lift Profit in Debut Quarter For New CEO
May 6 2026
Walt Disney Co. posted stronger results than Wall Street expected thanks to improved profitability at its streaming business, new Avatar and Zootopia movies, and guests spending more at the company’s resorts and on cruises.CVS Boosts Outlook for 2026 After Aetna Profits Increase
May 6 2026
CVS Health Corp. raised its earnings outlook for the year after profit and revenue in the first quarter exceeded analyst expectations, the latest in a string of positive reports from US health conglomerates.Apollo Assets Top $1 Trillion on Record Inflows, Beats Estimates
May 6 2026
Apollo Global Management Inc. eclipsed $1 trillion of assets under management on record first-quarter inflows and reported earnings that beat Wall Street estimates.Frozen TV Dinners Get a Glow-Up for the Ozempic Era
May 6 2026
Frozen TV Dinners Get a Glow-Up for the Ozempic Era (Source: Bloomberg)Yen Spikes to 10-Week High Renewing Intervention Speculation
May 6 2026
The Japanese yen surged about 1.8% in the span of a half hour during the afternoon of the Asia session and topped 155.04 per dollar, renewing speculation that the country is intervening in the market. The currency later pared some of the advance. David Savage reports on Bloomberg Television. (Source: Bloomberg)UK’s BII Bets on Pension, Sovereign Funds to Raise $9.5 Billion
May 6 2026
British International Investment intends to tap £7 billion ($9.45 billion) held by insurers, pension and sovereign wealth funds as co-investment into various projects globally over the next five years.Novo CEO Says No Intention to Lower Wegovy Prices Further
May 6 2026
Novo Nordisk CEO Mike Doustdar discusses the drugmaker’s Wegovy obesity pill which fueled sales in the first quarter. Novo is “very optimistic” on the medication despite competition from Eli Lilly, Doustdar tells Bloomberg Television, and the firm doesn’t anticipate any price reductions. (Source: Bloomberg)Bloomberg Technology
Nintendo Under Pressure to Raise Switch 2 Prices to Protect Margins
May 6 2026
With shares on their worst streak in a decade, investors signal displeasureUber Delivers Upbeat Outlook in Sign of Strong US Demand
May 6 2026
Uber Technologies Inc. provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East.Hut 8 to Lease Texas AI Data Center for at Least $9.8 Billion
May 6 2026
Hut 8 Corp., a cryptocurrency miner that is shifting to developing artificial intelligence data center capacity, has signed a lease worth at least $9.8 billion over 15 years to provide computing power to a “high-investment-grade company.”Ametek to Buy Indicor Instrumentation for About $5 Billion
May 6 2026
Ametek Inc. agreed to buy a portfolio of instrumentation businesses from Indicor LLC for about $5 billion in cash.Saudi Venture Firms Press Ahead With Fundraising Despite War
May 6 2026
Saudi Arabian venture capital firms are pressing ahead with fundraising and deployment as they navigate disruptions from the regional conflict.SpaceX Proposes $55 Billion to Begin Terafab Project in Texas
May 6 2026
Elon Musk’s SpaceX is proposing to spend $55 billion to begin construction of a new semiconductor production facility in Texas, taking steps toward realizing an ambitious project he’s dubbed Terafab.‘Project Freedom’ Pause, Stocks Rally as AI Spend Drives Tech | The Opening Trade 5/6/2026
May 6 2026
Technology stocks are driving rallies in global equities as a wave of blockbuster earnings and deals highlights the relentless pace of investment in artificial intelligence. Investors’ optimism was also buoyed by US President Donald Trump touting “Great Progress” toward a final peace deal with Iran. At a time when crude flows through the Strait of Hormuz remain at a near standstill, Brent slid on expectations that a settlement may be near. Bond yields fell in the US and Europe, while the dollar retreated against all major peers. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)Thailand Clears $29 Billion Investments Led by TikTok Project
May 6 2026
Thailand approved 958 billion baht ($29 billion) of investment projects, led by TikTok System (Thailand) Co.’s planned expansion of data infrastructure as the country pushes to become a regional hub for artificial intelligence and cloud services.Bloomberg Wealth
Lender Accused of Duping Billionaire Charged With Fraud
May 5 2026
A man who once lent more than $100 million to Mexican billionaire Ricardo Salinas before the business magnate accused him of theft has been charged with fraud by US prosecutors.Mauritius Targets 100 Wealthy Individuals a Year With Golden Visa Plan
May 5 2026
Mauritius expects to attract 100 high-net-worth-individuals a year through its golden visa program aimed at encouraging foreign investment and raising funds.Russia Court Orders State Seizure of Agriculture Tycoon’s Empire, RBC Says
May 5 2026
A Moscow court ordered the nationalization of billionaire Vadim Moshkovich’s stake in agricultural business Ros Agro Plc after prosecutors filed an anti-corruption lawsuit against him, according to local media outlet RBC.Get British Savers Investing – Bring Back Perks
May 5 2026
Research suggests that offering perks can be good for share prices too.Billionaires Are Adapting to Trump’s New World Order
May 5 2026
Family offices are betting on sectors that benefit from the conflict economyFlights to Europe at $6,000 Push Summer Vacationers to ‘Destination Dupes’
May 5 2026
In the face of sky-high airfare, travelers are reworking — though not entirely canceling — their plans
The Risky Pivot Inside Australia’s Pension System
May 4 2026
A deep anxiety about retirement has people switching to do-it-yourself investment vehicles, where they’re loading up on crypto and other risky assets.