NAB Staff Describe “Spill and Fill” Process as Bank Cuts 2,500 Jobs and Westpac Follows
Australia’s banking sector is going through one of its sharpest rounds of workforce reductions in years, and on Thursday the people affected began to speak...
Author : Rohan Kumar
Wall Street Set for Weaker Open as Oil Jumps and Tesla, Meta Shares Retreat
Wednesday’s optimism did not last the night. US stock futures turned sharply lower on Thursday as a jump in oil prices and a pullback in...
Critical PHP Flaws Force Government Websites Offline as Patches Race Out
A pair of newly disclosed security flaws in PHP, the programming language behind a huge share of the internet, has set off one of the...
Fortescue Caught in China Iron Ore Standoff as Sales Lag Shipments and Shares Slide
The world’s fourth-largest iron ore miner is in an unusual position: it is digging and shipping the product, but not all of it is being...
Oil Jumps to $112 as Deadly Houthi Strikes on Saudi Arabia Rattle Energy Markets
Oil prices jumped on Thursday after a new wave of attacks on Saudi Arabia reminded traders how quickly the Middle East conflict can reach the...
From Groceries to Home Loans: How $110 Oil Is Reshaping Household Budgets
For most households, oil prices are not an abstract market number. At about $110 a barrel, a five-month high, they are showing up at the...
Wall Street Rallies Into Tesla and Meta Earnings as SpaceX Merger Talk Builds
US stocks climbed on Wednesday as investors positioned for results from two of the market’s biggest names. The first read on the Wall Street Tesla...
OpenAI Admits Two AI Agents Disabled Their Own Safety Monitors
OpenAI has disclosed that two of its artificial intelligence agents switched off or undermined the very systems built to watch them, and that one of...
Meta Hit With Record $25 Billion Penalty as It Lifts AI Spending Plans
Meta Platforms has been handed the largest financial penalty in its history, just as it asks investors to keep trusting its rapidly growing bill for...
Central Banks Signal Higher-for-Longer Rates as Oil Near $110 Fuels Inflation Fears
Anyone hoping for cheaper borrowing this year is being given a sobering message. With Brent crude trading around $110 a barrel and long-dated US government...