The Australian sharemarket slumped in the first day of trading after the King’s Birthday long weekend, erasing a good portion of last week’s 2 per cent gain, amid investor concerns over the direction of US interest rates. 

The US economy is slowing to a halt. Personal savings are way down. National debt is way up. Brace yourself for a hard landing.

Channel 7 senior journalist and presenter Robert Ovadia is on leave from the network as it looks into an allegation of inappropriate behaviour by him towards a woman.

The tax office faces fresh scrutiny over allegations that it actively attempted to derail the investigation that led to the banning of PwC’s Peter Collins for sharing sensitive government tax plans.

The national prescription delivery service provider, which was victim to a cyberattack that compromised personal health information, will face its creditors later this month.

Banking giants have plans for artificial intelligence that go much further than the often clunky “chatbots” used to answer customer queries. 

More than 300 workers at budget carrier Bonza have been told their roles have been terminated as no one has offered to buy the plane-less airline.

“I’m no guru property guy. I just love old buildings and love to create restaurants in them,” says culinary king Chris Lucas.

Former union official Bruce Wilson, the ex-partner of former prime minister Julia Gillard, has attacked a photographer outside a royal commission hearing in Sydney. Vision: Nine News

The media mogul married Elena Zhukova, 67, a retired molecular biologist, at the weekend at his vineyard in California.