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    Today

    Dutton has a ‘$40b hole in his budget’: Chalmers

    Jim Chalmers says Peter Dutton’s budget reply is not properly costed; Israeli troops and tanks have pushed into parts of a congested northern Gaza Strip district. Follow updates here.

    • 11 mins ago
    • Lois Maskiell
    Smoke rises from an Israeli strike on Gaza.

    Fear and crisis fatigue is holding back productivity

    Our uncertain world is generating collective caution. This leaves economies experiencing too little change and bearing too little risk.

    • 29 mins ago
    • Andy Haldan
    • Analysis
    • AI
    What makes a super-agers brain tick?

    Google search is becoming Google answers. That is bad news for media

    In a world where AI can browse the internet and paraphrase what it sees, users may find they never click on links again. That could be a big problem for many publishers.

    • 1 hr ago
    • Kevin Roose

    Gantz tells Netanyahu: come up with a war plan in three weeks

    A popular centrist member of Israel’s three-member war cabinet threatens to resign if the government doesn’t adopt a new plan in three weeks for war in Gaza.

    • Updated
    • Wafaa Shurafa and Joe Krauss
    Tribeca’s Jun Bei Liu.

    These stocks are primed for ‘tectonic-sized’ tailwinds

    The magnificent seven are not the only way to play artificial intelligence, there’s money to be made in storage, energy and software on the ASX too.

    • Jun Bei Liu
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    Yesterday

    Protesters blocking the entrance to the ALP state conference.

    ‘I’m disgusted’: premier blasts pro-Palestine activists

    Pro-Palestine protesters have stormed a Labor state conference in Melbourne amid heightened tensions over the Israel-Hamas war.

    • Updated
    • Callum Godde
    Windlab has a functioning wind farm at Coonooer, Victoria.

    Brookfield in advanced talks to buy Twiggy-backed Windlab

    Both shareholders are active investors in renewables and keen to show it’s possible to make a motza in green energy.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    From left, Itzik Gelernter, Shani Louk and Amit Buskila. The Israeli military says its troops in Gaza found the bodies of the three Israeli hostages killed by Hamas during its October 7.

    Israel recovers bodies of hostages amid fierce fighting in northern Gaza

    The Israeli military says it has retrieved the bodies of three Israeli hostages from Gaza including Shani Louk, the 23-year-old German Israeli, who was pronounced dead last year.

    • Nidal al-Mughrabi and Nataliya Vasilyeva

    Lee and Day make big moves after dramatic Scheffler arrest

    Magical Min Woo Lee and Jason Day have made big moves to revive Australian hopes at the drama-charged PGA Championship in Kentucky.

    • Updated
    • Darrn Walton
    Wall Street.

    S&P 500 hovers near record high

    US equities gave up early gains to close mostly modestly higher. Copper, nickel and silver surge. Gold, oil also rally. $A touches US67¢.

    • Updated
    • Timothy Moore
    Transurban says some drivers could pay higher toll fares than they do currently in Sydney if proposed reforms go ahead

    Transurban says drivers could pay more under NSW reforms

    NSW’s proposed toll road reforms would hit some drivers with higher fares, create traffic congestion and would not necessarily be fairer, Transurban has claimed.

    • Jenny Wiggins

    On Hamilton, a family dynasty bets there’s more money in islands

    After showing potential buyers around last year, Sandy Oatley and his family are instead developing a new resort as they double down on the island.

    • Primrose Riordan
    “The price of a pair of tennis shoes is what it was 20 years ago. If you go to a tennis match, it’s double what it used to be,” Rieder said, pointing to services inflation.

    BlackRock’s Rieder says rate cut would tame US inflation

    High interest rates are generating more income from fixed-income investments for well-heeled Americans, the firm’s chief investment officer says.

    • Carter Johnson

    This Month

    Former Beatles member Paul McCartney and his wife Nancy Shevell.

    Paul McCartney is reportedly Britain’s first billionaire musician

    The 81-year-old is the richest musician in the UK, thanks in part to superstar Beyonce.

    May 17, 2024

    Glen Le Lievre cartoons for 2023-24

    See all of Glen Le Lievre cartoons for 2023 and 2024.

    • Updated
    • Glen Le Lievre
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    Protesters have renamed the Arts West building Mahmoud’s Hall, in honour of a Palestinian student who they say intended to study at Melbourne University on a scholarship this year but was killed in Gaza on October 20.

    Sydney Uni wins appeal over academic dismissed over Nazi slide

    Tough-talking university administrators are showing signs their patience is wearing thin, but police involvement is still a last resort.

    • Julie Hare and Patrick Durkin
    The construction industry’s blokey culture initially put off apprentice electrician Courtney Gibney from picking up a trade.

    Why office worker Courtney became a tradie after watching The Block

    Courtney Gibney wanted a hands-on job that didn’t involve sitting at a desk all day. The job security of being a licensed electrician fit the bill.

    • Euan Black

    Labor’s big budget gamble, BHP’s defining week & where your payrise really went

    This week on the Chanticleer podcast James & Anthony dissect the federal budget with a special guest, look at BHP’s titanic takeover battle and hash out the new battle over housing.

    Dutton’s housing fix ‘will worsen supply’

    One of Australia’s biggest property developers says slashing permanent migration as a way to fix acute housing shortages will only exacerbate the problem.

    • Tom McIlroy, Michael Read and Nick Lenaghan
    Anthony Albanese and Peter Dutton are both throwing out easy answers to complex problems.

    Budget kicks off a populist election season

    The housing crisis demonstrates how both major parties insist there are easy answers where none exist.

    • The AFR View