Capital Brief — Business news and politics for the new economy
WEBPsiQuantum will 'need more money' to finish Brisbane supercomputer. 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, investors who allocate it, and decision makers in the federal capital, Canberra.
OpenAI closes record US$6.6b raising, hits US$157b valuation
WEB3 days ago · The news: OpenAI completed its US$6.6 billion ($9.59 billion) funding round, in the largest VC deal ever, nearly doubling its valuation in just months to become one of the three largest venture-backed startups alongside SpaceX and ByteDance. The numbers: The deal values the company behind ChatGPT at US$157 billion, post-investment, up from a US$86 billion valuation in a tender offer to ...
ASIC cracks down on deal leaks with new insider trading team
WEB2 days ago · Amid a noted deterioration in market integrity last year, ASIC has ramped up investigations on a number of high-profile and increasingly public deal leaks. Capital Brief has confirmed that the regulator has reviewed around a dozen transactions leaked outside of deal rooms since November and has set up a “specialist insider trading team” to ...
Finance and markets - Capital Brief
WEBThe 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.
Politics and policy - Capital Brief
WEB3 days ago · Negative gearing brawl begins as Albanese declines to rule out tweaks. Prime Minister Anthony Albanese and Treasurer Jim Chalmers are considering changes to negative gearing but the process is in its early stages, sources told Capital Brief. Anthony Galloway and Jennifer Duke · 25 September 2024. Briefing Lebanon reeling.
US Fed in soft landing path with gradual cuts — Capital Brief
WEB6 days ago · 1. Fed path: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. Following the Fed’s jumbo half-percentage point cut in September, Powell said the bank is not on a course for aggressive rate ...
US Fed’s Powell signals gradual cuts to keep economy strong
WEB5 days ago · The news: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. The numbers: The Fed cut rates by half a percentage point in September, the first cut since 2020, as it started its easing cycle.
Economy — Capital Brief
WEB4 days ago · Economy news including US stocks end lower ahead of jobs data, Middle East focus, US unemployment claims rise slightly, IMF backs RBA's higher interest rate stance, warns of fiscal spending risk.
The Edition newsletter - Capital Brief
WEB5 days ago · The Albanese government is 'flying the kite' on changes to negative gearing and capital gains tax concessions. In doing so, it risks losing control of the narrative. Sign up to our flagship newsletter for daily insight into the …
Housing costs lift US inflation, cap Fed cut expectations
WEBSep 11, 2024 · The news: US inflation showed mixed results in August, with core CPI rising 0.3% from July, the highest in four months, driven by higher shelter and service costs. Core CPI excludes food and energy. The numbers: On a year-on-year basis, it rose 3.2%. Overall, CPI increased 0.2%, in line with forecasts, advancing 2.5% year-on-year, its smallest rise since early 2021.