ABC Business Daily

Is David Jones exposing a wider problem in Australian retail?The major department store has survived two world wars, the Great Depression and almost 190 Christmas shopping seasons. But last week, we learned it is fighting for survival.And it’s not just department stores. Retailers including JB Hi-Fi and Bunnings are warning of slower sales, weaker consumption, higher costs and changing spending behaviour.So is this just a spending slump - or the start of a much bigger retail reckoning?Lin Lin and Tom Kierath, Consumer Research Principal at Barrenjoey Markets break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Is a Chinese spy just “one phone call away from the White House”?Nvidia, the company at the centre of the global AI build-out, has launched an independent investigation after reports its CEO Jensen Huang was allegedly targeted by a Chinese intelligence operation.What could the allegations - and the investigation now underway - mean for one of the world’s most valuable companies?And the backlash against data centre developments is spreading beyond the US, with a major Sydney proposal scrapped after community opposition.Carrington Clarke and ABC Business reporter Stephanie Chalmers break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Almost $9 billion worth of crypto has been stolen from the world's largest cryptocurrency exchange platform Binance.It's believed to be the biggest crypto heist in history.The attack involved fake job interviews, malware and compromised work devices, with investigators pointing to North Korea - an allegation Pyongyang currently denies. Billions have been frozen, but billions more remain in circulation.So how vulnerable is the crypto industry to this kind of attack? And if Binance is covering customer losses, has is, and others like it, avoided a crisis - or simply hidden the scale of a major problem?Investigative journalist and author of The Lazarus Heist Geoff White is an expert on the subject. In this episode of ABC Business Daily, he tells Carrington Clarke why crypto remains more vulnerable than traditional banking, why holders should remember that “you are your own security”, and how hacking could become an increasingly important source of funding for North Korea.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

David Jones has been placed into receivership after months of financial pressure, unpaid rent and a breakdown in negotiations with major landlord Scentre Group.The 188-year-old retailer now faces an uncertain future - raising questions about what happens next for its stores, staff and one of Australia’s oldest retail brands.And in the United States, Democrats have taken control of both houses of Congress in the midterm elections.So what does the shift in power mean for markets, Donald Trump and the global economy?Carrington Clarke and senior journalist Janine Perrett break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Australian tech darling and design giant Canva has announced major job cuts.Is this the story of big business becoming the victim of global AI expansion - or is there something else going on?And the country has reacted to another interest rate rise from the Reserve Bank.Yesterday borrowers learned their fate - "feeling poorer" for longer, and inflation staying up. So the morning after the night before, what do we need to understand about the future of the Australian economy in the eyes of the RBA?Lin Lin and ABC chief business correspondent Ian Verrender break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.