It’s no secret that the Albanese Labor government has been eyeing a cut to Australia’s once sacrosanct 50% capital gains tax (CGT) discount on property owned for over 12 months. Given that previous federal governments have – after some deliberation – been too scared to fall foul of the electorate by tampering with CGT – you may well ask why it’s now back on the drawing board? In case you had
Gold is trading at US$5,172/oz, up 18% since January and within reach of the record near $5,600 it hit before Kevin Warsh's Fed nomination triggered a sell-off in late January. Most market commentary has attributed the rally to U.S. tariff uncertainty and dollar weakness, but the more significant drivers are structural - sovereign central banks buying at a pace and scale that has no modern prec
The United States currently imports around 10,000 tonnes of rare earth magnets a year from China - a number that has sat quietly in the background of every defence procurement meeting, EV strategy session and semiconductor briefing for the better part of a decade. MP Materials (NYSE: MP) intends to change that. The company has selected a 120-acre site in Northlake, Texas, for its "10X" rare
While United States President Donald Trump continues to peddle the line that ‘affordability’ is a con job conjured up by the Democrats, recent polls make it abundantly clear that, despite his economic growth claims, the gap between what Americans earn and their cost of living is widening. While touting the narrative that the nation is back: Bigger, richer and stronger than ever before, Tru
Warner Bros. Discovery has determined that Paramount Skydance’s latest bid is a “superior proposal”, prompting Netflix to walk away from the merger deal. Paramount has raised its bid to buy the entirety of Warner Bros to US$31 per share from $30 per share in its latest amendments to its multiple offers and hostile bids to buy the company. This came after Netflix granted Warner Bros a seven-d
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Google DeepMind has launched Nano Banana 2, its latest image generation model, formally designated Gemini 3.1 Flash Image. The short version: it takes what Nano Banana Pro could do and runs it at Flash speed. The original Nano Banana arrived in August last year and became one of the bigger AI consumer hits of 2025 and was followed up with a Pro version in November, which traded speed for qua
Property values in Australia’s desirable coastal suburbs have recovered from floods far faster than those in inland or regional areas, according to a Cotality report. Coastal suburbs in southeast Queensland largely saw property values rebound within 18 months after floods in early 2022, while values in many affected inland areas in northern New South Wales remain below their January 2022 levels
The motor racing series Formula 1: Drive to Survive will be available on Netflix and Apple TV under a new partnership between Netflix and Apple. The eighth series will be available on Netflix around the world and Apple TV in the United States only, the two companies announced on Thursday (Friday AEDT). Season eight will begin streaming around the world on Friday. Last October, Apple and F
Payments technology company Block will lay off almost half its workforce in favour of artificial intelligence tools, sending shares up 23%. Its headcount will be cut from over 10,000 employees to just under 6,000, according to CEO Jack Dorsey. “Intelligence tools have changed what it means to build and run a company. We're already seeing it internally. A significantly smaller team, using the
Ebay announced that it will cut around 800 roles, or 6% of its workforce, in its latest round of layoffs. “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” an eBay spokesperson said in a statement. “We are grateful for the contributions of the employees impacted and are committed
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