Investing

Australians wanting to be in the country’s top 1% for wealth need to have an individual net worth of US$5.5 million ($8.3 million), Knight Frank’s 2023 Wealth Report has found.

What are the most unusual investments that have yielded the biggest returns? Data journalist JULIETTE O’BRIEN looks at the category leaders and has found a pattern.

The entertainment conglomerate lost four million subscribers for Disney+ last quarter while raking in $2 billion in profits from its theme parks.

Airbnb cofounders Nathan Blecharczyk, Brian Chesky and Joe Gebbia are now $12 billion poorer than they were two years ago.

Bankman-Fried’s lawyers are arguing that FTX’s collapse was the result of a “crypto winter” and the federal government has turned “civil and regulatory issues into federal crimes.”

Treasurer Jim Chalmers is expected to announce its Budget for the 2023-24 financial year on Tuesday May 9. Here’s what we know so far.

Vanessa Hudson, who will replace Alan Joyce as Group CEO of Qantas in November 2023, will receive a fixed annual salary of $1.6 million per annum, the airline has revealed.

The discontinuation of Yeezy sales caused a $441 million revenue drop in the first quarter.

Apple, which accounts for 7% of the S&P 500’s breadth, made $24.2 billion in profit during the first three months of 2023.

Hourly workers at Jenny Craig could have already worked their last shift, according to an internal message to employees.