Capital Brief — Business news and politics for the new economy
WEBTeal MP Kylea Tink has left the door open to running in Bradfield, but there's already a Climate 200-backed candidate who insists she's going nowhere. Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it ...
Latest — Capital Brief
WEB4 days ago · Macquarie hit with $117m bill to settle SEC’s fraud charge. 20 September 2024 · Paulina Durán. We asked economists what the next government should prioritise. Here's what they said. 20 September 2024 · Jennifer Duke.
Wall Street edges higher as investors assess rate cut path
WEB6 hours ago · The news: US stocks closed modestly higher after data showed steady business activity in September, but investors are awaiting fresh clues on the path of the Federal Reserve rate cuts this year. The numbers: Among the main indices: Dow Jones was up 0.15%, S&P 500 up 0.28%, Nasdaq up 0.14%. Eight of the 11 S&P 500 sectors ended higher, with ...
Finance and markets — Capital Brief
WEB4 days ago · The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
AI will bring 'unimaginable' prosperity: OpenAI's Sam Altman
WEB4 hours ago · The news: OpenAI CEO Sam Altman has said that artificial intelligence will bring "shared prosperity to a degree that seems unimaginable today" in a 1,100-word blog post titled 'The Intelligence Age'. The context: Altman said his company, maker of AI-powered chatbot ChatGPT, will soon see its AI models "serve as autonomous personal assistants who carry out specific tasks on our behalf" and help ...
Surplus expected to be bigger than May budget forecast
WEB1 day ago · The news: The federal budget ended 2023-2024 with $906.9 billion in gross debt, according to the Final Budget Outcome. This compares to about $1.056 billion of gross debt estimated in the Pre-Election Economic and Fiscal Outlook. The numbers: The surplus is also due to be somewhat bigger than the $9.3 billion estimated at the time of the budget, following a $22 billion surplus the year before.
Fintech InDebted raises $60 million — Capital Brief
WEB4 hours ago · The news: Debt collection fintech InDebted has raised $60 million through a Series C capital raise to expand into new markets and further develop products and solutions. The numbers: The raising attracted existing and new investors, including Airtree Ventures, Australian Retirement Trust, Carthona Capital, Reinventure and Perennial, and boosted the startup’s valuation to over $350 million.
Politics and policy - Capital Brief
WEBAnthony Galloway 20 September 2024. We asked economists what the next government should prioritise. Here's what they said. Economists are known for disagreeing with each other. But in terms of what they want to see from the next term of government, there is much common ground. Jennifer Duke 20 September 2024.
Big Tech — Capital Brief
WEBSep 10, 2024 · Big Tech news including Labor's tech war tease, OpenAI in talks to raise $9.7b at $225b valuation: Bloomberg, Google, Apple lose major EU appeals, hit with $25.5b fines & taxes.
Technology and startups - Capital Brief
WEB5 days ago · The world’s third-largest cybersecurity firm faces scrutiny after a data breach, first reported by Capital Brief, saw 440GB of information leaked online. But serious questions remain about the breach’s full impact and scope. Daniel Van Boom and Anthony Galloway · 13 September 2024.