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Markets news
Spark confirms outsourcing deal, reveals number of NZ jobs lost
The restructure comes on top of a contract to outsource roles to Infosys.
Liam Dann: ‘Perfect storm’ for flat whites - what surging food prices mean for the economy
Butter, cheese, coffee...do rising food prices signal the return of high inflation?
Market close: NZ sharemarket down as retail spending stalls in new data
Shares in Kathmandu owner KMD Brands fell on back of lower April apparel spending.
Tesla chair made $333m selling stock as profit fell
She has been profiting from selling Tesla stock since joining, but especially of late.
Vector hires advisers for strategic review of fibre business
Auckland's Vector has appointed Barrenjoey to review its fibre business,
Liam Dann: After Orr – is it time for a Reserve Bank reset?
OPINION: The challenges facing the Reserve Bank.
Shares news
Market close: NZ sharemarket rises as gentailers make gains
The NZ sharemarket rose strongly today as gentailers made gains across the board.
Allbirds predicts turnaround - finally - if lucky break on tariffs holds true
PLUS: Waterproof Allbirds - and some "professional" sneakers for the office.
Pushpay insider trader loses latest bid for suppression
Businessman sentenced in 2023 fails to overturn conviction and retain name suppression.
Currency news
RBNZ makes whopper currency trade to boost crisis-time firepower
The bank's foreign currency intervention capacity hits a record $26.7 billion.
Jenée Tibshraeny: How US indebtedness is trimming Trump's wings
Market turbulence is seen as more than a bout of volatility.
Crypto news
Trump family pushes further into crypto, starting another venture
New York Times: Two of Trump's sons have invested in a new bitcoin-mining company.
‘Natural fit’: Kiwi crypto firm snapped up by Australian giant
The merger creates Australasia’s second-largest crypto platform by trading volume.
North Korea steals $2.6b as it pulls off world’s biggest ever heist
Hackers used phishing emails to access Bybit’s cold wallet, Chainalysis reported.
Stock Takes
Stock Takes: 'Unlikely to impact' - analyst downplays Fonterra-Bega legal dispute
Analyst says risks in Fonterra-Bega legal tangle have been overstated.
Stock Takes: Will reporting season see the end of a bear market?
Fisher and Paykel Healthcare will be the main event when it reports on May 28.
Commodities news
Gold hits $3500 as stocks rebound amid trade war fears
Gold has set a series of records in recent weeks.
Chicken exports normalising after flu outbreak – MPI
Chicken exports are getting back to normal, MPI says.
China halts critical exports as trade war intensifies
New York Times: Tap turned off on rare minerals and magnets used in EVs, chips, aerospace.
Business news
Market close: NZX tracks US futures down 1.23%
The Warehouse Group is trading close to record lows.
On The Up: Crimson Education co-founder to teach entrepreneurship at University of Auckland
The course focuses on entrepreneurship and high-growth ventures.
Hayden Wilson: Fiscal restraint and growth focus define upcoming Budget
OPINION: Is there light at the end of the tunnel?
More markets news
Market close: Skellerup climbs 4% as tariff uncertainty eases
Market enjoys lift as world’s two largest economies reduce tariffs for at least 90 days.
NZ sharemarket rises on open after US stocks rally 2.8% on US-China tariff announcement
US President Donald Trump announced a "total reset" of relations with China overnight.
Market close: US-China detente hopes send Mainfreight up 5%
Chinese-American trade talks in Geneva give local market a boost.
Pushpay insider trader loses latest bid for suppression
Businessman sentenced in 2023 fails to overturn conviction and retain name suppression.
Market close: NZ sharemarket drops while The Warehouse finds encouragement
The NZ sharemarket had a slight gain today as the Red Sheds reported sales growth.
Google shares plunge 7% as Apple exec cites AI competition
Shares in Alphabet fell over 7% after Apple exec testified in court.
Inside Economics: How much Government debt is too much?
OPINION: Liam Dann takes a deeper dive into the week's economic news.
Market close: SkyCity shares fall 6% as NZX 50 trades flat
The casino operator has downgraded its earnings guidance for the second time.
Tesla's NZ revenue crashed in 2024 – and this year is worse, so far
EV sales pick up but Elon Musk's firm still lags.