AI Stocks a bubble waiting to pop? | The West Report
Is Wall Street’s AI boom just another ticking time bomb? How about crypto? As investors pour trillions into AI and crypto, veteran finance journalist Michael Pascoe warns that we’re watching…
Jobs for Mates: the Senate strikes back over Government secrecy
The Senate has imposed a penalty on the Government for refusing to be transparent. The Prime Minister is threatening a House response to preserve secrecy. Former senator Rex Patrick reports.…
Coles puts heat on Woolworths with strong sales growth
Coles has kept gaining on Woolworths in the supermarket wars, eclipsing its distracted arch-rival’s quarterly sales growth. Coles Group’s supermarket sales revenue grew twice as fast as that of Woolworths…
Australians lose hope as nation lags on housing targets
No state or territory is on track to meet housing needs over the next five years and Australians lack confidence the crisis will be solved, a national scorecard has found.…
Protests and price drops: mining giant faces challenges
The annual meeting of one of Australia’s biggest mining firms has been interrupted by protesters blaming the company for knowingly contributing to the climate crisis. Whitehaven Coal executives evicted activists…
JB Hi-Fi entering holiday period with ‘good momentum’
JB Hi-Fi has reported solid sales growth at its namesake Australian stores as the retailer prepares for the important end-of-year trading period. Same-store sales at its JB Hi-Fi stores in…
“Dangerous bubble sure to pop”. Wall Street has AI crash in the wings
“Keeping perspective” is Michael Pascoe’s mantra. He writes that AI mania has not just warped perspective, it risks blowing up reality. Over more decades than I care to count of…
Trump heaps praise on Albanese at diplomatic dinner
Donald Trump has lavished praise on Anthony Albanese at a ceremonial dinner ahead of the APEC summit in South Korea, talking up co-operation between the US and Australia on rare…
Microsoft Azure outage hits sites, Scottish parliament
Microsoft has deployed a fix to address an outage of its Azure cloud portal that has left users unable to access Office 365, Minecraft and other services while disrupting Scotland’s…
US central bank cuts rates, notes limits of data
A divided US Federal Reserve has cut interest rates by a quarter of a percentage point and announced it will restart limited purchases of Treasury securities after money markets showed…