Business Now with Ross Greenwood

AI fears trigger a massive US tech sell-off, wiping trillions from markets. Asian shares tumble, with South Korea hitting circuit breakers. Plus, AI’s growing impact on the legal industry as Legora reaches an $8.8 billion valuation.
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After 188 years of operation the department store chain David Jones today went broke, Donald Trump's humiliating defeat in the midterms could result in a softening in his most harsh tariffs. Plus, bad news for data centre operators.
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US midterm counting continues, with Democrats on course to take control of Congress as markets remain calm. David Jones faces fresh uncertainty over its future. Plus, Canva cuts more than 1,200 jobs as AI challenges its business.
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The Reserve Bank lifts rates for the fifth time this year to an 18-year high, warning of more hikes if inflation persists. Michele Bullock, Jim Chalmers and Angus Taylor respond. Plus, the mounting impact on households and businesses.
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The government's tax changes hammer household wealth, Westpac makes $7 billion in the past year but warns home prices will fall 11 per cent peak to trough. Plus, tomorrow's expected fifth interest rate rise this year.
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