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Today's PaperAUDUSD0.6994-0.0005 (-0.08%)-0.08%S&P/ASX 2008,862.205.70 (0.06%)0.06%All Ords8,985.007.80 (0.09%)0.09%NZX 504,811.41-14.51 (-0.30%)-0.30%Hang Seng23,472.7379.41 (0.34%)0.34%Nikkei63,081.86-208.25 (-0.33%)-0.33%View allExamine Australia’s booming infrastructure agenda and dissect where the investment is landing.Register nowLiveMarkets LiveASX retreats as energy stocks slump; CBA slashes house price forecastsShares retreat ahead of RBA decision; Iran hopes send oil below $US105, gold rebounds; Aussie 10-year yields hit two-month lows; CBA downgrades house price forecasts. Follow live updates.Workplace disputesExec fired for ‘misleading’ CBA over mortgage broker relationshipA senior lender was fired over claims he secretly communicated on WeChat with a broker whom the bank suspected was getting kickbacks for referrals.InsolvencyJon Adgemis’ memory lapse as liquidators examine $1.8b pub collapseJon Adgemis repeatedly said he could not remember in response to questions from liquidators about his failed pub empire on the first day of a two-day hearing.LiveMelbourne CupLegendary trainer Chris Waller hit with $50,000 fine after horse withdrawalThe skies might be grey, but the excitement is building for the Melbourne Cup, where a billionaire Irish owner has set betting markets alight.Ex-trader used AI, career lessons to buy Melbourne Cup threatUS midtermsMegadonors pour ‘obscene’ sums into Trump’s midterms raceCybersecurity‘Deeply concerning’: Supermarket fridges hit 50 degrees after cyberattackAir accidentFlorida private jet crash pilot, 20, got her licence as a teenagerLiveNeed to Know LiveUS hits Iranian island with airstrikes on eve of midtermsUS officials confirmed Iranian reports of explosions; Donald Trump downplayed risk of war; Pauline Hanson condemns alleged attack on Victorian volunteer. Follow live.OpinionChanticleerAnthropic’s shocking new number could crack the AI trade in two waysIts updated revenue and earnings aren’t quite as interesting as what it’s telling the market about its spending plans. That’s what might make or break the boom.RetailDavid Jones misses 2026 accounts deadline; five loss-making stores in focusThe department store continues to seek the closure of loss-making stores including five in Westfield malls owned by Scentre Group.Active investing‘Nothing to regret’: GQG’s Jain stands by tech pivot after horror monthThe investment chief says his enthusiasm for tech stocks has not changed despite a brutal few weeks for the AI trade.InsolvencyRemara co-founder claims false fraud allegations used to push him outThe Sydney private credit firm alleges David Verschoor engaged in speculative trades and hedges with company money. He’s contesting the allegations in court.DividendsWoodside plots dividend shake-up ahead of chair exitA switch to a payout based on cash flow could be announced on Thursday – a move that would lift shareholder returns over coming years as growth projects start up.AIFinding love before the liquidity event: Dating in the AI boomRetailGame On: Swiss sporting shoe giant sets sights on Australian marketOpinionSchoolsWe got screens in schools badly wrongDementiaCould your head shape be an Alzheimer’s risk? Scientists are lookingSamsung C&T buys Perth’s Powertech in $100m dealMacquarie’s quants have landed on their pick for Melbourne CupKnight’s Choice to win 2026 Melbourne Cup: SavanaAnthropic’s shocking new number could crack the AI trade in two waysBig banks will keep slashing costs and jobs. Westpac shows whyRecord high to correction in 26 days: AI fears arrive all at onceWhat’s behind Ben Cleary’s ‘loser’ emailBrad Banducci’s amazing year of consultant spendingPauline Hanson’s warm welcome to AHA countryAdvertisementEditionAFR Magazine – Young Rich ListTotal wealth slumps as Canva valuation slides, the teens raising millions before they can drive, Young Rich Listers’ best advice and biggest regrets.View all 12 storiesThe richest Australians under 40 revealedArtificial intelligence has helped drive the fortunes of many of the top 100. But there are still plenty of old-fashioned ways to make a buck.Lifestyles of the Young Rich and famousForget celebrities and influencers. When it comes to building wealth, the best ambassadors for a business are founders themselves, say Young Rich Listers.Meet the Young Rich Listers building humanoid robotsAustralian entrepreneurs are creating robots for Australian needs – such as cleaning up Jaffas in cinemas.View all 12 storiesJessica Gardner and Nicci Smith break down what the fallout from elections in the US and Israel means for markets, energy prices and democracy.Listen to The Fin podcast nowAICommSec starts rustling up Aussies for Anthropic floatCommSec’s email landed just after Anthropic revealed more about its plans to raise money from Australia’s retail investors.DefenceTeam Trump emerges as driving force for Austal’s forced shipyard saleThe White House is squeezing the shipbuilder out of the US in favour of South Korea’s Hanwha. So why isn’t Canberra putting up a fight?SoftwareCulture Amp cuts internal valuation 46pc, blames SaaSpocolypseThe Melbourne-based start-up has almost halved the exercise price on its staff’s options to reflect declining software valuations.Street TalkUBS finds itself in the path of NextDC’s share price bloodbathThe Swiss investment bank has been unmasked as one of two that the data centre provider used for cash-settled capped call options, which appears to have backfired.Media & marketingCatalano, Waislitz tip millions in ‘emergency funding’ into View MediaWhat was once a grand plan to take on realestate.com.au and Domain has become a smaller collection of property businesses.Venture capitalHeidi Health goes to war with rival GP software giant over AI plansBest Practice, used by doctors to manage patient files, warns that Blackbird-backed start-up Heidi’s new platform could alter medical records without oversight.Wine & spiritsBillionaire Oatley family has a plan to restore Rosemount to greatnessThe cashed-up Oatley family has been expanding its wine portfolio, betting there is still demand for a high-quality drop despite falling global consumption.SharesThe fallen hot stocks now hammering Australia’s top fundiesFrom medical technology to mining hopefuls, Australia’s top fund managers have been caught holding the ASX’s hottest stocks for too long.Investment banking‘Triple in five years’: Angus Aitken’s surprise Barrenjoey pitchThe stockbroker’s stirring the pot by backing Barrenjoey’s bankers and traders to do what Macquarie did decades ago.Interest ratesOne lonely economist tips a Cup-day rates boilover. Here’s whyThe Deutsche Bank expert hopes the Reserve Bank of Australia board “will come to its own conclusion rather than rely on the public echo chamber”.Monday fundieThis climate fund has returned 120pcMunro’s James Tsinidis has bet on everything from grids and nuclear to batteries, water recycling and solar to Nvidia. Here are his next winners.OpinionInterest ratesWhy inflation data may be unnecessarily driving interest rates higherThe ABS may be overstating Australia’s inflation problem – just look at cigarettes, solar energy and electric cars.SchoolsWe got screens in schools badly wrongIt should never have required hindsight to recognise the problems with putting screens in front of children for much of the school day.Blaise JosephEducation expertOne NationOne Nation could stumble on its own swordOne Nation has thrived by railing against the “uniparty”, but trying to resonate with middle-ground voters risks dimming its anti-establishment appeal.The AFR ViewEditorialExecutive payRolling with the punches: NextDC braces for another strike against payThere’s no respite for the Craig Scroggie-led company as an upcoming vote on a generous remuneration structure for executives is set to go down to the wire.Joyce MoullakisAssociate editorVictorian electionVictorians deserve to know how state will get out of this fiscal messThe state can’t continue spending as it has for the past decade, and both major parties know that is unsustainable.Sumeyya IlanbeyVictorian political correspondentVictorian electionThree-way contests could make a big difference in Victoria’s electionThree scenarios, each three points apart, produce a comfortable Coalition government, a one-seat Coalition government and a hung parliament.Kos SamarasPollsterInvestingTraders are betting the RBA’s race is run. Is it a mistake?The RBA is all but certain to lift the cash rate to an 18-year-high. But are traders getting ahead of themselves in betting the worst is over for beaten-up ASX stocks?Jonathan ShapiroSenior reporterReportsBOSS Most Innovative Companies 2026The Australian businesses using technology for positive change and productivity gains across all sectors of the economy.View all 17 storiesThe nano-manufacturing start-up building machines for the AI boomInnofocus Photonics Technology has won gold for its nano-manufacturing equipment, which it says could become the picks and shovels of the AI revolution.OpinionAI hasn’t changed the recipe for real innovationTechnology has transformed the business landscape in the past year, but superior problem-solving with lasting impact is still the goal.Second life for pharma’s secret drug discovery dataQubigen can make use of trial data without moving or copying it, saving other researchers from wild goose chases.View all 17 storiesAdvertisementNSW ElectionLabor overhauls NSW playbook as One Nation polls beyond 20 seatsThe Minns government is preparing to mount an aggressive offensive in Sydney’s inner-suburban Liberal seats while scrambling to defend its industrial heartland.Federal budgetTreasury not buying $38b NDIS savings planIts chief actuary, Guy Thorburn, has cast doubt on the NDIA’s capacity to control cost growth, as the government comes under pressure to reduce spending.Data centresLabor pressed to reject inner-Melbourne data centre before Vic electionResidents are opposing a proposed data centre for the suburb of Spotswood that would not comply with new rules set by Victorian Premier Ben Carroll if developed.WA ParliamentMPs defend ‘tired’ Cook amid questions about WA premier’s futureWest Australian Premier Roger Cook is tired, according to Labor colleagues, but senior ministers insist he is not considering his future.Federal budgetHypocritical ACTU helped drive high inflation, says businessThe Australian Chamber of Commerce and Industry has accused the ACTU secretary of “bad economics” and “corrosive politics” for protesting outside the RBAUpdatedUS midtermsTrump's final midterms pitch contained a lot of warningsOn the eve of the midterm elections, the US president urged Americans not to switch allegiances to “dangerous” Democratic candidates, amid voter anger.AISuccess inflated her ego, killing her project. Now she’s confessing it on stageA culture of sharing cringeworthy workplace errors is helping build Israel’s global reputation as a tech innovator.US midtermsPrediction market punters go door to door hunting a midterm edgeKalshi and Polymarket are developing a reputation as a place where Americans go to lose money. But they have also created an opening for a few sharps.Formula 1Kimi Antonelli, 20, makes history as youngest F1 championThe first Italian champion since 1953 sobbed with joy over the team radio as he took the chequered flag at Mexico’s Autodromo Hermanos Rodriguez circuit.AnalysisUK politicsBritain’s prestigious conservative newspaper gutted in AI overhaulLondon’s Daily Telegraph broadsheet is shedding 100 jobs under its new owners, despite promises to invest in the newsroom as the publication seeks global expansion.Property developmentWhy falling prices could leave Gold Coast with a glut of unsold homesThe fastest downturn in 40 years has not just hit existing properties. It means Australia could fall further behind on its target of 1.2 million new homes.Commercial real estateDeveloper founded by Lang Walker sidesteps downturn with $217m profitMirvac and Stockland have flagged early signs of a housing slowdown as inquiry levels ease. Walker Group says its buyers are still following through on sales.Mergers & acquisitionsAvid matches Warburg Pincus in $3.2b takeover battle for IngeniaThe latest move prevents the rival suitor from conducting due diligence on the Australian company’s businesses and operations.How it sold‘Time is your friend,’ Sydney buyer of $2.3m home discoversPurchasers in this usually competitive market are used to moving quickly. But the game is different now, and some are playing it to their advantage.Luxury propertyCo-CEOs take keys to $82.5m Rose Bay mansionThe buyers of one of the exclusive Sydney suburb’s most expensive homes have emerged as colleagues and friends.AdvertisementOpinionPortfolio diversificationThe three assets wealthy people all have in commonTo be truly wealthy, you need to accumulate assets that provide safety, security and flexibility at different stages of life.SuperannuationIndustry funds stall at 60pc of $405b millionaire marketIndustry funds still hold most of the assets of million-dollar super members, but slowing inflows reveal retail funds are reclaiming ground.SuperannuationFive superannuation moves to add almost $1m to your retirement balanceModelling shows that minor tweaks over your working life can deliver an extra $970,000 – and fundamentally change how you spend in retirement.Digital LifeThis new Garmin falls just short of smartwatch perfectionThe tech company has added some nice tweaks to its already great Fenix Pro watch, but it’s not the big upgrade we were hoping for.StreamingFrom folk to dance: Spotify to launch AI music remix service in monthsThe streaming service plans to charge users up to $US5 a month to use a feature that some artists are completely opposed to.Data centresInside the make-or-break AI mega-project behind Nscale’s $50b IPOThe Nvidia-backed neocloud’s bet on a West Virginia data centre campus has been hit by construction issues, local opposition and financing risks.CourtsJasper Jones author Silvey jailed for child exploitation materialThe writer kept his head bowed as the court was told how he utilised an encrypted platform under a pseudonym to exchange explicit material.KPMG audit leaksKPMG to cut up to 400 more roles as government ban bitesThe firm will axe the jobs by the end of November to offset an ongoing document misuse scandal and an extension to its ban on bidding for new federal contracts.AdvertisementMelbourne CupHow paid influencers are bringing Glastonbury vibe to the CupVictorian racing bosses are turning to major international pop acts and Instagram personalities to combat animal welfare protests and rival interstate events.Street TalkKnight’s Choice to win 2026 Melbourne Cup: SavanaWhile Macquarie’s quantitative analysts drag their feet on their anticipated Melbourne Cup predictions, another financial services player posted a form guide.Style‘No brand has ever done this’: Frenzy as Chanel comes to SydneyHotels have been booked months in advance, Michelin-star chefs have been flown in, and all eyes will be on the French luxury brand’s first Australian show.ParentingIs it OK to regret having children?Many parents grapple with a pressure that is both existential and taboo. Having a child is irreversible, and that sets parenthood apart from other choices.Horse racingEx-trader used AI, career lessons to buy Melbourne Cup threatTristan Standish built his career trading derivatives in London. Now he’s thrown his skills and experience into horse racing, and finds himself with a chance.LiveASX retreats as energy stocks slump; CBA slashes house price forecastsLiveUS hits Iranian island with airstrikes on eve of midtermsBillionaire Oatley family has a plan to restore Rosemount to greatnessDavid Jones misses 2026 accounts deadline; five loss-making stores in focusTreasury not buying $38b NDIS savings planThe three assets wealthy people all have in commonDavid Rowe cartoons for November 2026Nov 1, 2026View more editorial cartoonsFrom Paris high society, Kym Ellery launches second actLauren Sams and Stephen ToddYarra Valley’s premier wine families bet big on high-elevation pinot‘The Andy Warhol of Japan’ is staging his biggest ever show in SydneyWhy Ruslan Kogan is happy to be paid $50m or nothingPatrick DurkinHow this CEO is selling rice to the GLP-1 crowdNo carbs, no rest days, 3.30am alarm: How this exec lost 40kgThis new Garmin falls just short of smartwatch perfectionJohn DavidsonMove over minimalism – this over-the-top trend has come for jewelleryWhy you need to visit this legendary Parisian restaurantDeveloper founded by Lang Walker sidesteps downturn with $217m profitNick LenaghanBillionaire Oatley family has a plan to restore Rosemount to greatnessWhite Fox founders pocket $58m payout despite sales slump