Investing

Get ready for a Melbourne Cup-day rate rise was the consensus opinion from an economics panel at the Forbes Business summit in Sydney. 

The five billionaire Lauder heirs correspondingly lost a combined $2.9 billion Wednesday.

WeWork, a company once valued at $47 billion, now sells for around $1.12 per share at a market capitalization of $59 million.

From therapy and peer groups to vulnerability and psychedelic drugs, entrepreneurs open up about their strategies for dealing with mental health challenges.

Alphabet brought in a robust $59.6 billion in ad revenue last quarter but Wall Street soured on weaker than anticipated profits in the company’s cloud business.

The investment will roll-out over the next two years, and will be the single largest investment in is 40-year history in the country.

Tech unicorn Employment Hero has announced a $263 million Series F round to fuel its rapid global expansion, the company revealed on October 19.

While markets initially had a knee-jerk reaction to the Israel-Hamas war, with higher oil prices and lower bond yields, they’ve since calmed down, with the S&P 500 closing 1.5% higher on October 17.

Netflix reported nine million net subscriber additions exceeded analyst estimates.

The apparel and footwear company has sold more than half a billion dollars in Yeezy merchandise this year after ending its partnership with controversial rap artist Kanye West.