Latest from Banking and finance

Wall Street rallies in best day since 2022 as data helps ease growth fears

Financial Times: Three days after rout, drop in US jobless claims relieves investors.

What the Olympic medal table really tells us

Financial Times: List of winning countries is more than a guide to sporting achievement.

Google and Meta struck secret ads deal to target teenagers

Financial Times: Campaign on YouTube skirted rules for marketing to under-18s.

Nicola Willis open to making RBNZ ease bank capital rules

The Finance Minister is also seeking advice on a de facto 'bank tax'.

Du Val group: Firearms seized when Remuera property raided

Firearms were seized when authorities went to the Du Val owners' home.

Warner Bros Discovery's $15b write-down, Disney's first streaming profit

Financial Times: Milestones in evolution of streaming - will entertainment giants adapt?

Owners of Du Val-managed Lakewood Plaza units pay millions after water mains burst

'Millions of dollars in repairs, ridiculously expensive': owner paying $30,000.

Italy doubles tax for wealthy foreigners

Financial Times: 'Flat tax for the billionaires' launched to address house price concerns.

Du Val investor worried after interim receivership

'It’s been nearly two years since I’ve been paid anything.' - Du Val investor

Official Cash Rate tipped to hit 5% by year’s end

One bank has updated its OCR forecast, and now expects a drop in October.

Scope of Du Val businesses revealed: 64 entities now in PwC hands

The apartment and townhouse development group has been put into interim receivership.

Warren Buffett’s Berkshire Hathaway halves stake in Apple

Financial Times: Cash holdings hit record high as billionaire dumps $127b of stocks.

Matthew Hooton: Kiwibank expansion plan deserves wide support

OPINION: Willis’ proposal honours Jim Anderton and Trevor Mallard’s vision.

Intel shares fall 20% on plans to cut 15,000 jobs

Financial Times: Chipmaker says it'll also reduce spending as strategy hits setback.

Du Val Group in receivership: Why the FMA and police swooped, and what next?

One increasingly worried subcontractor complained of being owed around $500,000.

Auckland property developer placed into interim receivership, police at property

Around 120 investors put money into Du Val entities.

Mortgage war? Banks competing hard to win customers

Some rates have eased in anticipation of the Reserve Bank lowering the official cash rate.

ComCom to consult Australian regulators on impact of ANZ bond probe

Monopoly Watch director Tex Edwards calls for ComCom to delay its final banking report.