The 4.2% inflation rate is a bummer, but the worst might be over

Xbox Plans Significant Layoffs as It Transforms Under New CEO

Asha Sharma, chief executive officer of Xbox,, during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 4, 2026. The event brings together the leading CEOs, investors and innovators who are harnessing technology to change the world around us.

Commonwealth Bank pursued in High Court by shareholders

Commonwealth Bank shareholders go to High Court seeking damages for inflated share prices Thu 11 Jun 2026 at 6:54am In short: Commonwealth Bank shareholders are pursuing the institution in the High Court, arguing they should be compensated for the inflated value of shares. Shareholders say the bank failed to inform the market of a $700 million fine, leading to them paying more for their shares. The applicants' bid previously failed in the Federal Court, which found the losses were not...

Donald Trump and the fog of war engulf the ACT budget — again

analysis The ACT budget quantifies 'the Trump effect' at $2.3m a day. But homegrown decisions are more costly Thu 11 Jun 2026 at 6:48am Donald Trump wouldn't have a clue — and if he did — he almost certainly couldn't care less about the state of the ACT's budget. Yet the US President, arguably more than the territory's own Treasurer Chris Steel, is very directly adding to the heavy weight dragging on public finances in the nation's capital.

Oracle's Earnings 'Really Strong,' RBC's Jaluria Says