Finance and markets
In a week of AI anxiety, Block CEO Jack Dorsey announced cuts of almost half the workforce to chase its efficiency gains. The investor verdict so far: more, please.
Australia’s biggest bank self-reported loans it suspected were fraudulent to the police. Now the feared financial crimes regulator is on the case.
The sharply worded letter to SGH and Steel Dynamics wasn’t intended to be a rebuff. But whatever happens next, a transaction involving the steelmaker is now more likely.
Australia’s flagship carrier is pushing ahead with ambitious plans to grow its workforce. But its corporate teams may be exposed to its CEO’s hunt for efficiencies.
