AI’s hidden $4.3 trillion bill could wreck world economy, warns Big Short investor

The Sydney Morning Herald - Sep 29, 2026

Michael Burry, the hedge-fund manager famous for his bet against the US subprime mortgage bubble that sparked the GFC, has targeted the gargantuan data centre bill he says AL companies are hiding.

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Japan could redraw the global oil map

Importing almost all of its fuel, Japan springs into action after every major energy shock to reassess its supply sources, making it a bellwether of global trends. Its direction this time? Run away from the Middle East.

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Orbit drill bit bites into thick NSW polymetallic sulphide zones

Orbit Resources, formerly Godolphin Resources, has hit a 12.9m zone of semi-massive sulphides, as it looks to expand a 1.7Moz gold-equivalent Lewis Ponds resource in NSW.

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Gold’s rollercoaster ride shows the messy state of the global economy

If you were looking for an illustrated view of what’s been happening in the world economy and markets this year, you’d have to look no further than a chart of the gold price.

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OpenAI halts powerful new AI model over fears it could go rogue

News of OpenAI’s decision came as the giant chipmaker Nvidia announced a new tool it claimed would ensure bots stayed within their instructions.

Sep 28, 2026

ASX edges higher ahead of RBA rate call; Wall Street wobbles as bonds spike

The Australian sharemarket was moderately higher in lunchtime trade as investors hold their breath for an expected rate rise and clues on whether a follow-up hike will be needed.

Sep 28, 2026

Spoonfuls of sugar: $280,000 nannies for the ultra-rich are in high demand

High pay for long hours on a rota is common on oil platforms, in mines and on container ships. It is increasingly so in another field: caring for the children of the super-rich.

Sep 28, 2026

Crown sues insurer refusing to help it cover mammoth class action payout

Casino operator is suing a multinational insurer, which has declined to pay out a policy the gambling giant expects to help it fund a $72 million class action.

Sep 28, 2026

Australian fuel prices near six-month highs on US-Iran peace deal impasse

Average petrol prices climbed 10¢ a litre and diesel rose 14¢ last week to hit their highest levels since the second month of the Iran war.

Sep 28, 2026

Red Metal expands Qld footprint in hunt for copper elephants

Red Metal Ltd has swooped in on ground near its two projects in QLD, lodging 17 additional tenement applications for prospective iron oxide-copper-gold deposits.