Featured Opinion
I went to San Fran and took a trip to the ‘AI bubble’
The default opening line at any party here is “What are you building?” Confess you’re “in consulting”, and you’ll probably be stuck at the snack table all night
Deputy opinion editor
Big government can’t end loneliness blight
Tapping the volunteer spirit in Australians is needed so that local residents and businesses get a handle on the issues within their community.
Commentator
Australia wanted cheaper homes. Now comes the hard part
If the government is to genuinely improve housing affordability, it also needs to focus on increasing housing supply.
Editorial
Warsh isn’t losing the bond market – He’s weaponising it
Investors seem to have missed the fact that the new Fed chair has already delivered his rate hikes.
Columnist
Victorian disaster could bring Albanese undone
The attempted sharp break from absolute Labor-Left rule in the state confirms that “something is wrong with the place”, as former ACTU secretary Bill Kelty says.
Columnist
Labor sacrificed Jacinta Allan to stop Pauline Hanson
The party feared Allan would lead the party not just to defeat, but into a perfect storm of voter anger, ripe for One Nation to pick off Labor seats.
Former Labor adviser
Warsh’s approach to US Fed policy is deeply flawed
When the US Fed boss refuses to provide information about what is important to the Fed on monetary policy, I get off the bus.
CFMEU royal commission is only as good as its terms
The success of the royal commission into the CFMEU will depend on its terms of reference and the person Victorian Premier Ben Carroll appoints to be its chair.
Policy expert
More From Today
China is smarter about subsidies than everybody else
The world’s second-biggest economy is backing strategic businesses, like green tech, while the West props up old sectors with political clout, like agriculture.
Australia’s absolute worst fund manager
First Guardian’s bosses failed every test of money management, breaching principles of asset allocation, conflict oversight, and capital safety.
PEXA faces a steep price cut and investors a hard reality check
Some state governments made hundreds of millions of dollars building a property settlement portal. Now, the shareholders they sold it to have lost just as much.
Why the inflation scare may peak before the war ends
There is a risk that investors are focusing too heavily on today’s oil shortage and not enough on tomorrow’s response.
Why The Odyssey is the perfect culture wars blockbuster
It’s the film that launched a million hot takes. Christopher Nolan’s film is perfectly calibrated for the contemporary culture war.
Why these Porsche owners are splashing $1.6m on their 911s
This is what happens when bleeding-edge engineering, an obsession with the iconic G-series and a whole lot of money collide.
Yesterday
AI bots are excellent financial advisers. And they’re free
First to be disrupted by chatbots will be robo-advisers. Next to be pinched will be the tens of trillions managed by human advisers.
July
Victorian upheaval, inflation v housing and AI hedge fund crashes
James Thomson and James Chessell discuss what business wants from the new Victorian premier, the RBA’s rate call dilemma and an AI investment blow-up.
Silence over Albanese’s mocking of Japan’s PM is unsettling
The prime minister’s melon joke showed Australia and indeed much of Japan are okay with making fun of a close regional ally and leader of a foreign country.
Axe stamp duty to free up housing supply
Readers’ letters on Australia’s housing crisis, tax reform, mining, Liberal Party climate policy and the CFMEU royal commission.
The world’s sexiest hedge fund just imploded. Here are the lessons
Just a month ago, 24-year-old Leopold Aschenbrenner was the hottest thing on Wall Street. But the AI trade’s sudden reversal has left his firm in tatters.
Two myths about ETFs, from someone who launched the ASX’s first
Depending on who you ask, exchange-traded funds are either the greatest financial innovation since markets began or a bubble waiting to burst. Neither is true
Carbon credits need fixing, not killing
The current regime tempts greenhouse gas emitters to buy their way out of their obligations rather than taking genuine steps to reduce their carbon footprint.
Miami conference played a role in the exit of DigiCo’s former CEO
The David Di Pilla-backed group parted ways with Michael Juniper in late June, making his tenure among the shortest ever stints served by a listed company boss.
Allegro and Holgate ride a Temu boom to $100m capital raising
The freight sector has changed markedly since Allegro bought Team Global Express five years ago. But the boom in e-commerce is creating a new growth opportunity.
South Korea’s ‘dopamine apps’ let you shop without paying
Before trying faux food delivery app FoodNeverArrives, I assumed this latest internet craze was just a gimmick. But the experience felt unexpectedly convincing.
China is about to do to AI what it did to EVs
Chinese models and chips are not at par with those in the West, and their suppliers aren’t as profitable. But does that even matter?
The carbon offset fantasy is falling apart
We need to stop approving new gas and coal export projects, scrap our subsidies and invest heavily in decarbonising our energy and households.
Bonds deliver a GFC echo as Zuck serves up AI stinker
US Federal Reserve chairman Kevin Warsh is confusing investors. Meta chief executive Mark Zuckerberg is serving up word salads about AI. Danger looms.
Why are economists backing the worst ideas such as wealth taxes?
A hollowed out consensus-driven profession is unserious about real economic problems.
