From fear to greed and back again: AI is taking Wall Street to extremes

The Sydney Morning Herald - Sep 29, 2026

Artificial intelligence could wipe us all out. Or it might just kill our unwanted subscriptions. Those are the scenarios sharemarkets have swung between over the past two weeks.

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

Sep 29, 2026

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

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 AI companies are hiding.

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

Sep 28, 2026

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.

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

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.

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

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.

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

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.

Red Metal expands Qld footprint in hunt for copper elephants

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.

Australia’s biggest gold miner rejects ‘opportunistic’ $38b takeover offer

Sep 28, 2026

Australia’s biggest gold miner rejects ‘opportunistic’ $38b takeover offer

South Africa’s Gold Fields offered to buy Northern Star Resources in a potential blockbuster deal, but was knocked back.

A 175-year-old golden rule in markets is starting to break

Sep 28, 2026

A 175-year-old golden rule in markets is starting to break

Gold has effectively always cost much more than silver, and nickel more than copper. But the age of electricity is starting to wreak havoc on accepted wisdom.

Critical Resources doubles down on South American gold grab

Sep 28, 2026

Critical Resources doubles down on South American gold grab

Critical Resources has continued its push into the South American nation of Suriname, grabbing a second gold project in the tiny, gold-rich country.

Dateline soars on Washington support for gold-rare earths restart

Sep 28, 2026

Dateline soars on Washington support for gold-rare earths restart

Dateline Resources has surged after securing heavyweight US Government backing in a legal push to restart work at its Colosseum gold-rare earths project in California.

Wall Street’s multitrillion-dollar question: Could bonds end the AI boom?

Sep 28, 2026

Wall Street’s multitrillion-dollar question: Could bonds end the AI boom?

The sudden surge in US bond yields threatens a market trading at near record levels, and the boom in artificial intelligence-related stocks that has driven it.

Shares flat ahead of interest rate call as oil jumps

Sep 28, 2026

Shares flat ahead of interest rate call as oil jumps

Australian shares had a shaky start to the week, with a slump in miners counterbalancing rallies in banks, utilities and health care stocks.

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