Business | Corporate news and economic commentary - Crikey https://www.crikey.com.au/business/ On politics, media, business, the environment and life Wed, 11 Sep 2024 00:10:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.5 https://www.crikey.com.au/wp-content/uploads/2021/08/cropped-android-chrome-512x512-1.png?quality=70&w=32 Business | Corporate news and economic commentary - Crikey https://www.crikey.com.au/business/ 32 32 232040107 Murdoch to Musk: How global media power has shifted from the moguls to the big tech bros https://www.crikey.com.au/2024/09/11/elon-musk-rupert-murdoch-media-companies-concentration-australia/ https://www.crikey.com.au/2024/09/11/elon-musk-rupert-murdoch-media-companies-concentration-australia/#comments Wed, 11 Sep 2024 00:10:33 +0000 https://www.crikey.com.au/?p=1174306 Rupert Murdoch and Elon Musk (Images: AAP/Private Media)Are we better off with tech bros who assert their influence brazenly, or old-style media moguls who exert influence under the cover of journalism?

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Bridget McKenzie is right. We need powers to break up Qantas https://www.crikey.com.au/2024/09/10/bridget-mckenzie-is-right-we-need-powers-to-break-up-qantas/ https://www.crikey.com.au/2024/09/10/bridget-mckenzie-is-right-we-need-powers-to-break-up-qantas/#comments Tue, 10 Sep 2024 00:51:32 +0000 https://www.crikey.com.au/?p=1174088 Bridget McKenzie (Image: AAP/Mick Tsikas)Bridget McKenzie might have been told by the Coalition leadership to pull her head in, but she's dead right on divestment powers in aviation.

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Big ute popularity is an arms race. The price we pay is death https://www.crikey.com.au/2024/09/06/suvs-trucks-big-utes-vehicle-popularity-the-economist/ https://www.crikey.com.au/2024/09/06/suvs-trucks-big-utes-vehicle-popularity-the-economist/#comments Fri, 06 Sep 2024 01:27:43 +0000 https://www.crikey.com.au/?p=1173606 Large US utes (Image: Adobe)Why are we subsidising vehicles that make us all less safe?

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Trump Media keeps sinking lower and lower. Will Donald abandon ship? https://www.crikey.com.au/2024/09/05/trump-media-donald-trump-stock-price-shares/ https://www.crikey.com.au/2024/09/05/trump-media-donald-trump-stock-price-shares/#comments Thu, 05 Sep 2024 01:18:39 +0000 https://www.crikey.com.au/?p=1173429 Donald Trump (Image: EPA/Jim Lo Scalzo)The price of shares in Donald Trump's Trump Media continues to plummet, with the former president looking at billions in paper losses compared to just a couple of months ago.

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A tech YouTuber kept promoting this AI company without disclosing he’s an adviser https://www.crikey.com.au/2024/09/04/tech-youtuber-matt-wolfe-promotes-australian-ai-leonardo-disclosure/ https://www.crikey.com.au/2024/09/04/tech-youtuber-matt-wolfe-promotes-australian-ai-leonardo-disclosure/#comments Wed, 04 Sep 2024 01:51:38 +0000 https://www.crikey.com.au/?p=1173262 Tech YouTuber Matt Wolfe (Image: YouTube)Matt Wolfe, who has 637,000 followers on YouTube, had made several videos that referred to Australian AI company Leonardo in glowing terms.

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Toxic cost of Labor’s WA obsession just keeps growing https://www.crikey.com.au/2024/09/04/toxic-cost-labors-western-australia-obsession/ https://www.crikey.com.au/2024/09/04/toxic-cost-labors-western-australia-obsession/#comments Wed, 04 Sep 2024 01:25:00 +0000 https://www.crikey.com.au/?p=1173223 Anthony Albanese and WA Premier Roger Cook (Image: AAP)The Albanese government is governing in the West Australian interest, not the national interest. And that means giving control of policy to some of the worst corporate actors in the country.

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We might not love Qantas, Jetstar or Virgin, but the market made them like this https://www.crikey.com.au/2024/09/04/qantas-jetstar-virgin-flights-concentration-market-australia/ https://www.crikey.com.au/2024/09/04/qantas-jetstar-virgin-flights-concentration-market-australia/#comments Wed, 04 Sep 2024 00:54:04 +0000 https://www.crikey.com.au/?p=1173014 Departing flights at Canberra Airport (Image: AAP/Lukas Coch)As new entrants to the market emerge only to inevitably fade away, it's clear Australia's domestic market appears only able to support two carriers.

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Australian TV is soon to be dominated by right-wing moguls https://www.crikey.com.au/2024/08/30/australian-free-to-air-television-right-wing-moguls/ https://www.crikey.com.au/2024/08/30/australian-free-to-air-television-right-wing-moguls/#comments Fri, 30 Aug 2024 04:08:33 +0000 https://www.crikey.com.au/?p=1172560 A pile of vintage televisions (Image: Adobe)Right-wing moguls might by the only people left willing to invest in the dying industry. It makes the role of the ABC ever more important.

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Qantas posts a profit drop but the national carrier is doing just fine https://www.crikey.com.au/2024/08/30/qantas-profits-vanessa-hudson-aviation-white-paper/ https://www.crikey.com.au/2024/08/30/qantas-profits-vanessa-hudson-aviation-white-paper/#comments Fri, 30 Aug 2024 01:57:54 +0000 https://www.crikey.com.au/?p=1172659 Vanessa Hudson delivers an address during Qantas Group’s half-year results press conference (Image: AAP/Dan Himbrechts)The national carrier posted a post-tax profit of $1.25bn, which dropped 28% on the previous financial period.

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Bunnings is no longer the beating heart of the Wesfarmers whale https://www.crikey.com.au/2024/08/30/bunnings-warehouse-wesfarmers-results/ https://www.crikey.com.au/2024/08/30/bunnings-warehouse-wesfarmers-results/#comments Fri, 30 Aug 2024 00:55:21 +0000 https://www.crikey.com.au/?p=1172566 A Bunnings store in Sydney (Image: AAP/Stephen Coates)New homes are rare and that means fewer trips to hardware shops.

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