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1 day ago | 
forbes.com.au | Alan Ohnsman |Anastasia Santoreneos |Mark Whittaker |Derek Saul
The lithium-manganese-rich (LMR) cathode, which has been in development by GM and battery partner LG Energy for a decade, will cut the cost of battery packs in electric vehicles like the Chevrolet Silverado EV, GMC Hummer and Cadillac Escalade by more than $6,000, GM's vice president of battery propulsion Kurt Kelty told Forbes.
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2 days ago | 
forbes.com.au | Shivaune Field |Mark Whittaker |Samuel Hussey
Sussan Ley has been announced as the new leader of the opposition party, taking the top job from Peter Dutton. She is the first woman to hold the leadership role. Australia's conservative opposition has a new leader at the helm. Former deputy Sussan Ley has taken the reins of the Liberal Party, marking a significant leadership shift on the right side of Australian politics. Ley represents a regional district close to the borders of Victoria, NSW, and South Australia.
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2 days ago | 
forbes.com.au | Anastasia Santoreneos |Mark Whittaker |Derek Saul |Yessar Rosendar
Known for its aspirational (and inspirational) content, visual discovery app Pinterest has long been seen as the positive corner of the internet. But after a few stomper quarters earnings-wise and the introduction of some new AI-driven tools, the platform is making a significant play for Australia - and the world's - digital advertising revenue. Last week, Pinterest announced its global revenue was US$855 million (AU$1.32 billion), for the first quarter, up from US$1 billion across Q4, 2024.
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2 days ago | 
forbes.com.au | Siladitya Ray |Molly Bohannon |Mark Whittaker |Sara Dorn
The U.S. and China on Monday announced they would significantly cut back tariffs placed on each other's goods for at least 90 days as both sides plan to continue negotiations on a trade deal, triggering a major surge in U.S. stock futures and global markets. Key Facts As per a joint statement issued by both sides, the U.S. has agreed to lower President Donald Trump's "reciprocal tariffs" on China from 125% to 10%, while China has agreed to do the same.
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3 days ago | 
forbes.com.au | Jemima McEvoy |Mark Whittaker |Zach Everson |Monica Hunter-Hart
Selena Gomez's mom, Mandy Teefey, told employees recently that she took out a loan against her home to keep Wondermind, the mental health company she cofounded with her popstar daughter, afloat after twice missing payroll in recent weeks. Wondermind, a mental health startup cofounded by singer, actor and business mogul Selena Gomez, is in the midst of a crisis after apparently running out of cash and failing to pay its employees, vendors and freelancers starting in late March.
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3 days ago | 
forbes.com.au | Mark Whittaker |Monica Hunter-Hart |Jemima McEvoy
Element Zero, a groundbreaking green-iron startup, promised to help save the planet-until the founders' former boss called in the dogs, and the lawyers. With billions at stake, the green gloves are off. Bart Kolodziejczyk is home for Christmas 2020 having spent almost six months travelling a COVID-19-ravaged world with his boss, iron-ore magnate Andrew Forrest, when he fires off an email to Forrest.
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5 days ago | 
forbes.com.au | Zach Everson |Mark Whittaker |Monica Hunter-Hart |Jemima McEvoy
ToplineTrump Media & Technology Group, the parent of Truth Social, disclosed "material weaknesses" in its financial reporting controls-acknowledging the risk of errors in its financial statements-according to a new filing with the Securities and Exchange Commission. Key FactsTrump Media reported its quarterly earnings on Friday, disclosing a $31.7 million net loss on $821,000 in net sales with $758.9 million in cash and short-term investments and $9.8 million in debt.
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5 days ago | 
forbes.com.au | Monica Hunter-Hart |Jemima McEvoy |Mark Whittaker |Yessar Rosendar
As resentment of the rich and powerful surges, billionaires and CEOs are using everything from secret trackers to full security squads to protect themselves and their families. Billionaires are more concerned than ever about the safety of themselves and their families. Tensions spiked after the fatal shooting of UnitedHealthcare CEO Brian Thompson in December.
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1 week ago | 
forbes.com.au | Yessar Rosendar |Mark Whittaker |Antonio Pequeño IV
-a home appliances maker controlled by billionaire brothers R. Budi and Michael Hartono's Djarum Group-is entering the automotive industry with the introduction of an Indonesian made electric vehicle. Developed in partnership Chinese EV maker Skyworth Automobile, Polytron is selling the five-seater sports utility vehicles G3 and G3+ at 299 million rupiah ($18,166) to 459 million rupiah each, with options for either a fixed battery or a replaceable one that is rented on a monthly basis.
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1 week ago | 
forbes.com.au | Mark Whittaker |AJ Ignacio |Ana Faguy
With a new US factory, a $2b self-valuation and plans to list, RØDE's Peter Freedman is promising jobs, pay rises, and Aussie work culture for the New Mexico plant. Key Takeaways Peter Freedman, owner of Australian microphone manufacturer RØDE, has bought high-end US competitor Lectrosonics for an undisclosed sum. RØDE will shift manufacturing of products bound for North and South America from Australia to New Mexico "within 90 days", Freedman tells Forbes Australia.
