Business

SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers

SpaceX is using Tesla's big Megapack backup batteries to help power its Colossus AI data centers in Greater Memphis.

Meta launches new AI coding tool powered by Muse Spark 1.2

Live: ASX to edge lower after mixed results on Wall Street

The Australian share market is set for a lower open after yesterday's record close. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Argentina, China extend currency swap deal

Central banks of Argentina and China renew US$19-billion bilateral currency swap. Leer más

China’s baby boom depends on gender equality, not cash handouts

China’s national childcare subsidy is an encouraging acknowledgement of a simple truth: raising children is expensive. This year, the central government allocated 99.9 billion yuan (US$14.8 billion) to the programme, which provides…

PsiQuantum CEO on Quantum Computing Progress, Chip Space

Victor Peng, CEO of PsiQuantum, detailed the company's unique approach to quantum computing, emphasizing their use of photons as qubits and their deep expertise in photonics. He explained that their architecture inherently addresses…

Argentina renews US$19-billion China swap for another five years

Argentina's Central Bank renews US$19-billion currency swap with the People’s Bank of China for five years. Leer más

Trump administration refunds importers about $100 bln in previously collected tariffs

The refunded amount represents about 60% of the roughly $166 billion collected by the government under the tariffs

Trump team pushes to block court order giving BBC access to financial records

President has sued the broadcaster for $10bn, claiming a documentary on 2021 Capitol attack led to financial harm Donald Trump’s legal team is making an 11th-hour attempt to block a court order that would grant the BBC access to the…

MetLife’s Earnings Beat Wall Street Expectations

MetLife Inc.’s second-quarter earnings surpassed Wall Street’s expectations, boosted by strong underwriting, volume growth and the success of a five-year plan outlined in late 2024.

Sandisk forecasts upbeat quarterly revenue on AI-driven demand

Big Take: The $19 Billion Menopause Economy

The $19 billion market for menopause treatment is booming. But the gold rush is leaving some women behind. (Source: Bloomberg)