Housing, fuel drive higher inflation; banks fall, Northern Star gains

Cheaper models and soaring fuel prices have supercharged Australia’s electric vehicle sales and triggered a decisive tipping point for the industry.

The US president shot down the idea of new regulations for AI, but signed an accord with top tech executives setting a “morally binding” set of voluntary safety commitments.

In the prospectus for its $US2 trillion sharemarket float, the company uses 80 pages to outline its AI models’ dangers, including unpredictable behaviours such as attempts to “resist shutdown” and “conceal or manipulate information.”

I’m far from the only one delaying treatment. Like my wisdom tooth, though, the cost of keeping dental care unaffordable will probably only grow.

Artificial intelligence could wipe us all out. Or it might just kill our unwanted subscriptions. Those are the scenarios sharemarkets have swung between over the past two weeks.

The Australian market was initially down in the mid-afternoon, when the central bank flagged it was willing to inflict more pain on home owners if needed.

Rio2 Ltd has resumed gold production ramp-up at its Fenix Gold mine in Chile after winter storms halted progress, with commercial production still on track for the fourth quarter.

Critica Ltd surged after a scoping study at its Tasmanian tin-tungsten project delivered a $1.42B pre-tax NPV, 65% IRR and 1.9-year payback from a proposed underground mine.

The ads, many of which have since been pulled, helped to fuel a mammoth black market that has spawned firebombings and crime around the country.

Accelerate Resources has taken 100 per cent ownership of its Woodie Woodie North manganese project in WA, issuing shares to remove all future milestone payments and royalties.

The RBA has increased interest rates to 4.60 per cent. Use our calculator to see how much extra your mortgage repayments will be.