Despite the fastest interest-rate increase in history, Australia’s resource-rich economy still stands some chance of avoiding recession and achieving a soft landing, Reserve Bank of Australia Gov. Philip Lowe said Wednesday.

Roughly 90,000 people left Silicon Valley during the first two years of the COVID-19 pandemic, according to an annual report that found a slowing “exodus.”

While the wealth gap narrowed by about 3% nationwide in 2021, it grew by 5% in the region, where tech companies have helped create a wave of millionaires and billionaires in recent years, according to the latest Silicon Valley Index.

‘We also have a very old house that really needs some work.’

Longtime Tesla bull Ross Gerber has notified the electric-vehicle maker that he intends to seek a board seat, according to a new report, as he looks to rein in Chief Executive Elon Musk’s antics.

China’s central bank kept its key policy rates unchanged on Wednesday, suggesting a hold on benchmark lending rates later this month.

Netflix Inc. has removed its “Surprise Me” button, a feature introduced in 2021 to alleviate the modern burden of choosing something to watch from thousands of titles.

Democratic state Rep. Ranjeev Puri decries empty solutions, vows to work for gun reform following deadly shooting at Michigan State campus

Airbnb reported record fourth-quarter revenue and profit to achieve its first profitable year Tuesday, and executives’ forecast exceeded Wall Street estimates.

Here’s what Fed Vice Chair Lael Brainard gains from moving to the White House — and what Fed Chair Jerome Powell will miss.