United States Defence Secretary Pete Hegseth warned that the next phase of the war with Iran would be “decisive” within days, as Tehran threatens to target major U.S. companies and the conflict continues to derail global energy markets. The exchange of warnings underscores a rapid escalation in a month-long conflict that has spread across the Middle East since late February, which has killed mo
Nike beat earnings and revenue estimates last quarter, though its China sales continued to slide amid the company’s ongoing turnaround efforts. Revenue was flat year-over-year at US$11.28 billion, above LSEG consensus estimates of $11.24 billion. Earnings per share were $0.35, falling 35% but surpassing estimates of $0.28. “This quarter we took meaningful actions to improve the health and qu
Super Nation is a fortnightly column that examines, explains and analyses key issues in one of Australia's largest, fastest-growing and most important industries: superannuation. An unspoken détente in super may have ended in recent weeks as differences between rival peak super bodies are made public. A hint of it came with media coverage suggesting not everybody was happy with the formation
The working assumption in Washington and on Wall Street is that tariffs are slowly weaning the world's production networks off Chinese factories. Yet McKinsey Global Institute's latest trade report - covering more than 90% of global goods flows - says otherwise. It shows that U.S.-China bilateral trade fell ~30% in 2025, with $130 billion in Chinese exports evaporating under tariff rates tha
Most Americans believe artificial intelligence (AI) will do more harm than good in their daily lives, with concern rising sharply even as adoption accelerates and companies commit hundreds of billions of dollars to the technology. According to a new Quinnipiac University poll, 55% of respondents expect AI to have a negative net impact on their day-to-day lives, up 11 percentage points from Apri
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United States President Donald Trump has signed an executive order cracking down on mail-in voting, in a move that voting rights advocates have called unconstitutional. The order will require the Department of Homeland Security to compile a list of verified U.S. citizens in each state who are eligible to vote. The executive order will almost certainly be challenged in court, which could bloc
Senior members from tech giant Oracle have announced the company has made significant job cuts as it makes big investments in artificial intelligence (AI). In a post to LinkedIn, Oracle senior manager Michael Shepard confirmed the job cuts. “Oracle conducted a significant reduction in force that impacted some of the most talented, dedicated, and high-performing people I’ve had the privilege
NASA is preparing to launch its first crew to the Moon in 53 years on its second Artemis mission. The mission will consist of three United States and one Canadian astronaut, who are due to liftoff aboard NASA’s Orion capsule and Space Launch System early Thursday morning for a 10-day test mission swinging around the moon. The journey will also take them further into space than humans have ev
United States house prices edged up slightly on both a month-over-month and a yearly basis. According to the U.S. Federal Housing (FHFA) house price index, house prices rose 01% in January from the month prior and 1.6% year-over-year. The highest growth was in the East North Central division, where housing prices grew 4.4% year-over-year, and in the East South Central division, where they gr
OpenAI has closed a US$122 billion (A$177.1 billion) funding round ahead of a potential initial public offering this year. The funding round, Silicon Valley’s largest ever, valued OpenAI at $852 billion. It was co-led by SoftBank and included Amazon, Nvidia, and Microsoft. “The fastest way to widen the benefits of AI is to put useful intelligence in people’s hands early and let that access c
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