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What the Magnificent Seven’s $1.7 trillion meltdown tells us about the economy

What the Magnificent Seven’s $1.7 trillion meltdown tells us about the economy

The key question for investors is whether this is just a correction in what has been quite an ebullient market – or something more threatening.

  • by Stephen Bartholomeusz

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Crypto casino billionaire Ed Craven’s dad buys trophy beach house for $16m cash
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Crypto casino billionaire Ed Craven’s dad buys trophy beach house for $16m cash

When seller Nathan Tinkler bought the estate north of Coffs Harbour he was ranked Australia’s youngest billionaire, just as Ed is now.

  • by Lucy Macken
‘Super powerful’: Australian hotshot takes on the big guns with AI image creator
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AI

‘Super powerful’: Australian hotshot takes on the big guns with AI image creator

Leonardo.ai is rolling out a product that will let teams collaborate on custom AI images, as OpenAI and others also look to the workplace.

  • by Tim Biggs
ATO in stand-off with US tech giants over software tax grab
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Tax disputes

ATO in stand-off with US tech giants over software tax grab

The Tax Office is caught up in a battle with the US government and tech giants like Microsoft over plans to tax billions of dollars’ worth of software transactions for the first time.

  • by Colin Kruger
‘Very mysterious’: This guy may have just stopped a huge cyberattack

‘Very mysterious’: This guy may have just stopped a huge cyberattack

A backdoor entry to one of the most important pieces of software in the world was found during a routine check. If it had been exploited, the effects could have been catastrophic.

  • by Kevin Roose
Tech giants claiming as little as 5 per cent of their revenue is taxable

Tech giants claiming as little as 5 per cent of their revenue is taxable

Apple, Google, Facebook and Microsoft earn billions of dollars a year in Australia, and Assistant Treasurer Stephen Jones has said he expects multinationals to “pay their fair share”.

  • by Rachel Clun
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The world’s biggest tech firms are enabling the most nauseating crimes imaginable

The world’s biggest tech firms are enabling the most nauseating crimes imaginable

The big internet companies are not even doing “the bare minimum” to protect our societies from the mass-scale paedophilia and terrorist incitement flourishing on their sites.

  • by Peter Hartcher
Will the ‘Magnificent Seven’ remain magnificent?

Will the ‘Magnificent Seven’ remain magnificent?

Apple, Nvidia and other tech giants have driven Wall Street to record levels. That could turn into a problem.

  • by Stephen Bartholomeusz
The new MacBook Air is more powerful than ever, with a few extra tricks

The new MacBook Air is more powerful than ever, with a few extra tricks

The M3 Air might not be light years ahead of its predecessor M2, but it’s still a seriously powerful lightweight laptop when stacked up against anything older.

  • by Tim Biggs
Why Elon Musk’s epic troll of AI company is totally justified
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AI

Why Elon Musk’s epic troll of AI company is totally justified

Billionaire Elon Musk has sued the world-leading AI company and its chief, Sam Altman, for breaking their founding agreement about working to benefit humanity.

  • by Parmy Olson
The $3.1 trillion monster that took over Wall Street

The $3.1 trillion monster that took over Wall Street

First it was the “Magnificent Seven” and now, it seems, Nvidia might be “The One”. Following last week’s extraordinary result, the future of the sharemarket may depend on it.

  • by Stephen Bartholomeusz