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“However, the issue that drove its shares to their biggest loss in its history wasn’t the risk of a loss of access to funding markets, but the impact of AI on what had appeared to be a financial fortress.”

“Worries about AI in general have already become a concern for voters across political parties, and President Donald Trump has historically used the stock market’s performance as a measure of his own success.”

“A potentially historic drop for Alphabet’s stock is dragging the US market lower after the company behind Google and YouTube reported weaker growth than analysts expected.”

“The Middle East conflict and AI boom have intensified the fight to slow price growth, pushing the Reserve Bank to hike interest rates to their highest level since the global financial crisis.”

“Financial markets and most economists expect the RBA to lift official interest rates on Tuesday afternoon to an 18-year high of 4.85 per cent in a bid to quell inflation that has sat above the bank’s 2-3 per cent target band for most of the past four years.”

“AI is helping to grow the US economy, with Warsh saying it was likely the GDP numbers this week would show annualised growth of more than 3 per cent in the September quarter.”

“CEO Kruti Patel Goyal said the online marketplace saw growth in active buyers from prior-year levels for the first time in two years, while its active seller base grew at its fastest rate in two years.”

“Canva chief executive Melanie Perkins told staff on Wednesday that 1,271 people would be affected by a restructuring, aimed at resetting the business after growth started to slow this year.”

“Trump has wielded that authority with abandon, aided by a supine Congress and an administration staffed by sycophantic enablers.”

“The US stock market is rising and recovering some of last week’s sell-off that was led by the tech and AI industries.”

“We expect difficult market conditions to continue in FY27 and beyond,” he said.”

“Federal Employment and Workplace Relations Minister Amanda Rishworth told this masthead there is no evidence, so far, of widespread AI-driven disruption to Australia’s labour market.”

“There’s another, global factor feeding into higher borrowing costs for huge borrowers such as governments and corporations, and that’s the AI craze.”

“There have been signs recently, in sliding share prices and spiking bond yields, that the equity and debt markets’ willingness and ability to meet the AI sector’s demands for capital is being stressed.”

“The company behind Claude expects to begin trading on the Nasdaq Global Select Market under the symbol ANT, a filing with the US Securities and Exchange Commission showed.”

“Big expectations for growth generally are what have allowed the US stock market to hit records recently despite worries about high inflation, higher interest rates and other challenges weighing on Wall Street.”

“Big expectations for growth generally are what have allowed the US stock market to hit records recently despite worries about high inflation, higher interest rates and other challenges weighing on Wall Street.”

“Maybe the champions of AI are right about its potential, but the fact is that any plan for debt reduction which rests entirely on make-believe levels of AI-driven growth is not worth the paper it is written on.”

“He could receive incentives worth more than $100 million if he delivered on share price growth targets.”

“AI proponents argue the technology will unleash a new wave of productivity growth akin to the advent of the personal computer or electricity.”

“For a while now, AI stocks have stood out in part because of the seemingly unrelenting unpredictability of the sector, and in part because market experts are increasingly worried about the fact that most of these companies are reliant on debt to fund their…”

““The labour market is easing, consumption growth is quite tepid, but there are still pockets of growth, and the inflation outlook has deteriorated.”

“You don’t lay off 2500 staff and consultants in less than a year without relying on a significant level of successful AI adoption to cushion the impact.”

“A frenzy in spending for AI technology has forced them to the forefront of the market, sending them to record prices and driving indexes higher.”

“As with AI more broadly, there is a significant mismatch between the timing of the capital expenditures and revenue growth which is widening because of the pace at which the sector is growing.”

“…g apps are dead’, ‘why young adults are caught in a dating recession’, ‘I feel so cringe on dating apps’), taking aim at their habit of locking away desirable profiles, making users feel unwanted, or providing an overwhelming sense of infinite potential…”

““AI continues to support growth, reinforcing the outlook for tech and critical suppliers across the supply chain,” wrote Magdalena Ocampo, market strategist at Principal Asset Management, in a report.”

“Firmus, the Nvidia-backed AI infrastructure company, looked set to deliver one of the biggest floats in Australian market history, seeking to raise billions at a proposed valuation of $44 billion – Woolworths entire market cap.”

“Meanwhile, AIC Mines and Kalamazoo Resources showed the broking fraternity wasn’t necessary, pulling in $70 million and $10 million respectively without a broker in sight.”

“Oil prices jumped and the price for a barrel of Brent crude got back above $US104, while the US stock market pulled further from its record with technology stocks falling sharply.”

“The significance of the AI-related stocks to the wider sharemarket’s performance is underscored by the underperformance of the S&P 500 equal weight index, which assigns every stock the same weighting, against that of the primary S&P 500 index, which uses…”

“A separate report released on Wednesday shows leading forecaster Deloitte Access Economics has cut its expectations for Australia’s economic growth to 1.7 per cent in 2027-28, down from 1.9 per cent forecast three months ago.”

“Philip Dowle, Wickham Shoebridge nonsense The Greens, under new leader David Shoebridge, are demonstrating yet again why they will not become a major political party (“Greens ‘shameful’ over Ukraine war aid”, October 6).”

“US stocks are rising near their records after a couple buyout announcements helped lift the market.”

““The growing accessibility of AI technology is enabling criminal networks to operate more efficiently and adapt more quickly to disruption efforts by law enforcement agencies,” acting Australian Federal Police Assistant Commissioner Donna Parsons said.”

“Earlier this week, the US government said the economy’s growth in the spring was better than earlier thought, driven by businesses building AI data centres and spending by consumers.”

“For years, his true calling has been what academics term “jurisdictional arbitrage” — moving from country to country in search of a legal framework pliable enough to accommodate his appetite for risk and growth.”

“You still need the fundamentals underneath it – margin, inventory productivity, cash flow, channel profitability, disciplined buying, effective marketing investment and a clear strategy for profitable growth,””

“Micron also said growth is strengthening, and it gave forecasts for upcoming profit and revenue that topped analysts’ estimates because of the AI boom.”

“‘I will never stifle the growth a technology that will be bigger than the industrial revolution.’Donald Trump Trump believes self-regulation, the US Justice Department and the FBI will be sufficient to hold the sector and “bad actors” seeking to exploit AI’s…”

“Money markets scaled back bets on further moves as traders interpreted Bullock’s comments as less hawkish than the central bank’s statement on interest rates.”

“Sentiment swings Of course, rapid changes in sentiment are nothing new in this market, which has been propelled higher by AI for nearly four years.”

“The US, the key economy for global financial markets, doesn’t have that slower growth, thanks to the extraordinary levels of AI investment and the wealth effects of a sharemarket at near record levels.”

“While AI has powered stock market gains and US economic growth in recent years, there’s been growing scepticism about whether AI will justify the trillions of dollars being spent to develop the technology.”