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.
Investing
Oil, interest rates, and why Australia is burning through its new fuel safety net
More than 700 million litres of fuel has been released from Australia’s stockpile, in order to get petrol and diesel into the hands and vehicles of rural customers. Here’s how long our reserves can last.
Atlassian cuts another 1,600 jobs amid AI shakeup
Mike Cannon-Brookes has announced a 10% reduction in Atlassian’s global workforce, saying the company must adapt quickly to fund AI and enterprise growth while moving toward sustained profitability.
Netflix buys Ben Affleck’s AI company shortly after ditching Warner Bros. acquisition
Affleck says the company’s AI technology is not about “generating something from nothing,” but instead can be used to help with filmmaking aspects like coloring, lighting and visual effects.
OpenAI raises $110 billion in latest round, valuing firm at US$730 billion
OpenAI announced a massive $110 billion investment round—vaulting the company at a $730 billion—thanks to funding from Amazon, NVIDIA and SoftBank, it announced Friday.
Warner Bros. Discovery says Paramount’s new bid might top Netflix’s
Netflix allowed the legacy media company to reopen talks with Paramount.
IBM shares plummet 13% – worst day since 2000 – after Anthropic launches programming AI tool
The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.
Software stocks—Oracle, Intuit, more—fall as Anthropic’s latest Claude model fuels AI concerns
The Google- and Amazon-backed AI startup fueled a global selloff in software stocks earlier this month.
How Jeffrey Epstein helped his publicist become a big-time venture capitalist
Masha Bucher is one of the more high profile female VCs in Silicon Valley. New emails released from the Department of Justice reveal a deep, years long relationship with convicted sex trafficker Jeffrey Epstein.
Bitcoin crashes below $65,000 as historic free fall worsens – price is down almost 50% in 4 months
The cryptocurrency’s price eclipsed $126,000 last year but has now fallen below $65,000.