Business

The Lady Moura and Venus are vessels owned by Mexican billionaire Ricardo Salinas Pliego and Laurene Powell Jobs, widow of Apple co-founder Steve Jobs.

Forbes released its list of the 200 Best companies currently valued under a Billion. Of 18 Australian companies on the list, just one is led by a woman. Meet the CEO at the helm of an innovative Melbourne-headquartered education firm.

The case against Google follows a string of antitrust suits targeting tech giants, including Meta and Apple.

Australian venture capital firm OneVentures, headed up by Michelle Deaker, has just launched its seventh fund, targeting $200 million.

The Reserve Bank of Australia is expected to keep rates on hold at 4.35% when it meets this afternoon after softer-than-expected inflation data and a share market bloodbath.

The price of Bitcoin hit its lowest mark since February, reversing months of gains.

Emily Hamilton launched her viral beauty brand Coco & Eve in 2018, bootstrapped by her and husband Alexander Ostrowksi. Fast-forward to today, and the company’s just sold a majority stake in the business to US private equity firm Gauge Capital – and says it’s on track to exceed $120 million in revenue for the 2024 calendar year.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

Musk withdrew an original lawsuit earlier this year, after claiming OpenAI and its founders were developing AI to “maximize profits” instead of benefiting humanity.