Delays to the M3 data centre expansion wiped $2.9 billion off the operator’s market capitalisation. Its 2027 revenue outlook was also cut.

Furniture giant Nick Scali has warned its profit will take a huge hit due to challenging retail conditions, with the housing downturn forcing shoppers to hold off on buying furniture.

Chocolate, lollies and other confectionery could soon become more expensive for Aussie consumers, as the price of sugar hits its highest level in 19 months.

Mark Zuckerberg has gone all-in on Meta’s position in the fast-evolving AI race.

The Australian dollar sank to its lowest level since early July following weaker jobs data, which has dramatically cooled expectations for the Reserve Bank of Australia (RBA) to hike rates again in November.

Carnival said it will withdraw the Carnival Luminosa and Carnival Adventure from the Australian market in March 2028, leaving Carnival Splendor and Carnival Encounter as its only ships deployed in the country. The move halves its annual local deployment capacity. The cruise line cited rising operating costs and uncertainty over the regulatory outlook. Canberra has extended the coastal trading exemption to the end of 2028, but Carnival signaled that this did not clear up its concerns about the rules that follow.

CoreWeave shares dropped 15.5 per cent to $65.78 as investors questioned whether the data centre operator can carry $35.6 billion in debt in a rising interest rate environment. The US company listed in March 2025 and rallied on AI enthusiasm before giving back those gains. In Australia, AI data centre operator Firmus scrapped a planned $44 billion ASX listing after institutional investor demand fell short.

Mining giant BHP’s plans to axe 300 jobs are being labelled a “senseless attack” by the unions following a series of strikes.

US pizza giant Domino’s has turned the spotlight on its struggling Australian franchisee once again, with the US boss signalling he is open to taking away some overseas markets from the ASX-listed business.