Former Revenue Commissioner Adam Crum defended his decision to invest $50 million from the state’s main savings account in an outside private equity fund in an interview Thursday. The investment with the infrastructure firm DigitalBridge has raised concerns among lawmakers, who have asked their auditor to investigate it. The investment also raised eyebrows within the […]
The world economy is “better than feared”, slowing only slightly this year and next, while global trade appeared more resilient than expected, although it may still deteriorate as the full impact of higher US tariffs kicks in, major international organizations have said. “How is the world economy coping? Short answer: better than feared, but worse […]
HONG KONG — China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President Donald Trump and Chinese leader Xi Jinping. The regulations announced by the Ministry of […]
It used to be a sign that you’d made it. But times have certainly changed. (Source: Supplied/Getty) Not very long ago, having a ‘six figure’ salary was a universally accepted benchmark for someone in a very comfortable financial position. But today, the average full time Aussie earns around $2,011 each week or $104,600 each year […]
Carlyle’s entry into the economic-data fray is notable for another reason. Private-equity portfolios were once too disconnected from the broader economy to offer a read-through; common stock in highly leveraged companies can only say so much about the economy as a whole, which depends more on credit than stock prices, no matter what headlines you […]
Steve Schmitt Appointed Executive Vice President and Chief Financial Officer Jamie Caulfield to Retire PURCHASE, N.Y., Oct. 9, 2025 /PRNewswire/ — PepsiCo, Inc. (NASDAQ: PEP) today named Steve Schmitt Executive Vice President and Chief Financial Officer, effective November 10, 2025. Jamie Caulfield has decided to retire next year after a more than 30-year career with the […]
The U.S. dollar hovered around a two-month high on Oct. 8, 2025, as fiscal and economic worries spreading over from the Asia-Pacific to Europe weighed on major currencies in the Group of 10, per Bloomberg, as quoted on Yahoo Finance. The rally was aided by hedge funds increasing bearish bets on the euro and yen, […]
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Family bakery Vili’s has appointed its first non-family member CEO, with Tom Sullivan to lead the iconic brand that was inducted into the Hall of Fame at the SA Food Awards in 2024. Sullivan replaces Alison Milisits in the role, who will transition to managing director and onto a newly established advisory board. Alison is […]
Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) has amassed the largest pile of cash ever held by a public company. At $344 billion, Berkshire Hathaway’s war chest is more than the combined cash reserves of Apple Inc. (AAPL), Microsoft Corp. (MSFT), Alphabet Inc. (GOOG), Amazon.com Inc. (AMZN), and NVIDIA Corp (NVDA)—despite them being collectively 14 times […]
