Today
From a Moroccan villa to the courtroom: how StrongRoom AI’s good times went bad
Court filings that allege fraud at the tech start-up paint a picture of company funds being used to fund a lavish lifestyle of foreign trips and fine dining.
US added 228,000 jobs in March as economy showed strength
The surprising jobs numbers were double what economists had predicted and showed the resilience in the US job market prior to Donald Trump’s trade war.
Yesterday
Trade war could bring cheaper cars, appliances, clothes to Australia
Economists expect the US tariffs to be modestly deflationary for Australia, as global manufacturers redirect exports that would have otherwise gone to the US.
Trump’s colossal misjudgment will cost the US – and the world – dearly
Donald Trump is pretending the sharemarket carnage is all part of his grand plan to use tariffs to reboot the US economy. What happens when Main Street revolts?
Economists say the way Trump calculated tariffs makes no sense
The calculation finds the ratio between the US trade deficit with a country and that nation’s total exports to the US. It then divides the ratio in half.
Trump taxes Aussie beef that makes US hamburgers cheaper and healthier
Let’s hold the line and let the US government explain to its citizens and burger consumers why their burgers are more costly from tonight.
Australia is more alone than ever. Our politicians are missing in action
Both major parties tell us that Australia today faces its most dangerous international environment since World War II. Both want to do nothing about it.
This Month
Yellen and Hockey ride out Trump tariffs at Cafe Sydney
The former US treasury secretary was spotted lunching in Sydney as tariff news roiled global markets.
How Trump has soured my American dream
There was a chilling edge to the president’s declaration this would be “an entirely different country within a short period of time”.
Trump trade risks go back to the 1890s
The president’s American tariff hero William McKinley shows how this new trade war will go wrong.
Why Val Kilmer as Batman was peak 1990s, nipple suit and all
The late star’s lone turn as the Caped Crusader was not the decade’s best movie, but it defined it like no other.
ASX wipes $38b; Australia’s ‘bizarre’ 29pc tariff; Scyne slashes staff
Read everything that’s happened in the news so far today.
Trump unveils 10pc tariffs on all imports, higher for 60 countries
The president used aggressive rhetoric to describe a global trade system that the US helped to build, saying “our country has been looted, pillaged, raped, plundered”.
White House hoses down reports of early Musk departure
The denials came as Politico and ABC reported that Donald Trump had told members of his Cabinet that the Tesla CEO would soon depart and return to the private sector.
Elon Musk applies physics to politics. What could go wrong?
What is Elon Musk’s endgame at DOGE, and where does his political philosophy ultimately lead? It’s not clear anyone knows — including Musk himself.
Canva shocks employees with AI-related job cuts
The design software giant has laid off 10 technical writers nine months after telling them to embrace generative artificial intelligence tools.
Musk rebuked in judicial election despite record $39m spend
A Democratic-backed candidate clinched a pivotal Supreme Court election in Wisconsin and touted her victory as a win against “the richest man in the world”.
Meme stock moment: Newsmax worth more than Fox after 2230pc surge
The spike has made the company’s largest holders exceptionally rich — on paper. Founder Christopher Ruddy owns nearly one-third of the company’s shares.
US senator breaks record with 24-hour anti-Trump speech
Cory Booker’s marathon address was an attempt to show frustrated supporters that the Democrats are doing everything possible to contest Donald Trump’s agenda.
He’s not kidding. Here’s how Trump could serve a third term
Despite a constitutional amendment limiting the election of presidents to two terms, he raised the idea during an interview this week.