Latest from Banking and finance

Biggest US retailers cut prices as inflation hits shoppers

Financial Times: Analysts see two big retailers setting new tone after years of increases.

Calculated bluff or dose of realism? Why RBNZ isn't pencilling in rate cut until later next year

Economist notes this isn't the first time the RBNZ's talked tough before slashing rates.

PwC faces crisis in China over audit of failed property giant Evergrande

Financial Times: Role in approving failed property giant’s accounts has led to infighting.

Inside Economics: That lost 1994 Pak'nSave receipt, China's rebound, and are banks ripping us off?

OPINION: Liam Dann answers economics questions and digs through the week's economic news.

New tech bill will allow consumers to share data

The new legislation will initially apply to the banking sector.

Fonterra 2024/25 milk price heading well north of $8/kgMS

Prices for a key ingredient of chocolate and icecream rose in a strong auction showing.

Amazon halts orders of Nvidia ‘superchip’ to await updated model

Financial Times: Delay gives investors jitters over potential ‘air pocket’ in chip demand.

Opinion: Buy now, pay later is here to stay and going mainstream

Financial Times: Consumers are shifting more of their spending to BNPL lenders.

Property Insider: New 310-berth Auckland marina surprise, and is Vero Centre sold?

Just getting through this year and surviving: the aim of many in property land.

Reddit shares surge as it strikes content deal with OpenAI

Financial Times: The agreement gives OpenAI access to content on Reddit.

Brazil supreme court chief hits back at Elon Musk after X rulings

Financial Times: Court links Musk with ‘destructive’ international far-right movement.

Infinz Awards celebrate big winners in the finance industry

A crowd of 750 people attended the awards night in Auckland to celebrate success.

Slower pace of US inflation sends Wall Street stocks to record highs

Financial Times: Investors increase bets on Fed interest rate cuts this year.

GameStop and AMC shares surge for second day in ‘meme stock’ revival

Financial Times: Re-emergence of popular day trader sparks “meme stock” rally.

Accountant shortage prompts US plan for quicker path to qualification

Financial Times: Pressure to cut educational requirement has grown as new recruits dry up.

Melinda French Gates resigns as co-chair of Gates Foundation

Financial Times: Decision to leave comes three years after divorce from Bill Gates.

Can Europe’s economy ever hope to rival the US again?

Financial Times: Worried EU policymakers are searching for ways to inject some dynamism.

Dairy farm receivership: Bank owed $36.5m, court rules on lease liability

Receivers get liability relief to maintain livestock after farm enterprise folds.