The Fin

Today, senior reporter Jonathan Shapiro and tech editor Paul Smith take us inside the spectacular undoing of Firmus: what went wrong, how it unravelled in a week, and what this sudden collapse reveals about the AI boom. This podcast is sponsored by Ripple Further reading:How Firmus’ $44b IPO failure unfoldedFirmus was on a runaway train to become one of the country’s most valuable listed companies. This is the day-by-day account of how that hope evaporated.The pain that killed Firmus’ float is spreading. Here’s a new victimAirTrunk’s decision to delay its Singaporean property IPO is another sign that the rising cost of capital is starting to foster doubts in the global artificial intelligence trade.AirTrunk postpones $4.4b Singapore listing as interest rates soarAirTrunk, has delayed plans to list a real estate investment trust in Singapore due to global market volatility, including rising interest rates.See omnystudio.com/listener for privacy information.

This week, senior reporter Myriam Robin on the story of a mega landlord and what it tells us about the vibe in the housing market – between renters and Australia’s two million landlords. This podcast is sponsored by Ripple Further reading:This 34-year-old owns over 200 properties. Now his tenants are unionisingAustralia was built on the dream of owning property. But as that compact unravels, Eddie Dilleen’s clash with a militant renters union exposes a growing fault line.Why 6.5pc is the benchmark for new residential property investors The changes to negative gearing and capital gains tax have made rental returns more important than ever. Here are 37 suburbs that are throwing up opportunities.Investors are still buying, as this $950,000 inner-Sydney sale showsWe speak to the team behind last week’s most intriguing property sale.See omnystudio.com/listener for privacy information.

This week, markets reporter Alex Gluyas on what the AI threat debate means for tech stocks, why Cathie Wood is predicting a golden era and whether the bond market might spoil the party. This podcast is sponsored by Ripple Further reading:Cathie Wood declares ‘golden age’ for equities after bumpy rideThe high-profile investor is betting equity markets are at the start of a decade-long bull market driven by artificial intelligence. And she’s an Elon Musk fan.Investors see their own threats in push to slow AI developmentOne fund manager said tighter restrictions would be a commercial advantage to Anthropic and OpenAI, and hurt newer start-ups and microchip manufacturers.The market’s biggest fear is no longer the AI bubble. It’s thisInvestors are worried about a disorderly meltdown in bonds. Australia – now almost halfway to a correction – provides a window into how it could unfold.See omnystudio.com/listener for privacy information.