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One of the richest casino billionaires is camping out in Sydney

One of the richest casino billionaires is camping out in Sydney

The donor list for Moriah College Foundation is a who's who of Sydney's establishment. The Jewish school educates the children of some of the city's most powerful people. Its annual cocktail party, at the home of Judy and Steven Lowy, son of Westfield founder Frank, is a marquee event.
Among its donors are billionaire property developer Harry Triguboff, former Babcock & Brown managing director Phil Green and fashion designer Camilla Freeman-Topper.

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One of the richest casino billionaires is camping out in Sydney
One of the richest casino billionaires is camping out in Sydney

AU Financial Review

time2 days ago

  • AU Financial Review

One of the richest casino billionaires is camping out in Sydney

The donor list for Moriah College Foundation is a who's who of Sydney's establishment. The Jewish school educates the children of some of the city's most powerful people. Its annual cocktail party, at the home of Judy and Steven Lowy, son of Westfield founder Frank, is a marquee event. Among its donors are billionaire property developer Harry Triguboff, former Babcock & Brown managing director Phil Green and fashion designer Camilla Freeman-Topper.

ASX set to edge higher, Wall Street mixed; Tesla tumbles as Musk-Trump feud escalates
ASX set to edge higher, Wall Street mixed; Tesla tumbles as Musk-Trump feud escalates

The Age

time3 days ago

  • The Age

ASX set to edge higher, Wall Street mixed; Tesla tumbles as Musk-Trump feud escalates

A resilient job market has been one of the linchpins that's propped up the US economy, and the worry is that all the uncertainty created by tariffs could cause businesses to freeze their hiring. A report on Thursday said more US workers applied for unemployment benefits last week than economists expected. The number remains relatively low compared with history, but it still hit its highest level in eight months. The data came as Procter & Gamble, the giant behind such brands as Pampers diapers and Cascade dish detergent, said it will cut up to 7,000 jobs over the next two years. Its stock fell 2 per cent. Tesla slumped 8.9 per cent. CEO Elon Musk's relationship with Trump continued souring amid a disagreement over the president's signature bill of tax cuts and spending. On Wall Street, Five Below rallied 4.7 per cent after the retailer, which sells products priced between $us1 and $US5, reported a stronger profit for the latest quarter than analysts expected. CEO Winnie Park credited broad-based strength across most of its merchandise. MongoDB jumped 12.8 per cent after the database company likewise delivered a stronger profit than analysts expected. Circle Internet Group, the US-based issuer of one of most popular cryptocurrencies, surged 180 per cent shortly after making its debut on the New York Stock Exchange. On the losing side of Wall Street was Brown-Forman, the company behind Jack Daniel's and Woodford Reserve. Its stock fell 17.3 per cent and was potentially heading for its worst day since it began trading in 1972. Brown-Forman's profit and revenue for the latest quarter fell short of Wall Street's expectations, and the company said it expects its upcoming fiscal year to be challenging because of 'consumer uncertainty, the potential impact from currently unknown tariffs' and other things. The CEO of PVH, which runs the Calvin Klein and Tommy Hilfiger brands, likewise cited challenges from 'an increasingly uncertain consumer and macroeconomic backdrop.' Its stock fell 17.4 per cent even though it reported stronger revenue and profit for the latest quarter than analysts expected. The company cut its profit forecast for its full fiscal year, saying it will likely be able to offset only some of the potential hit it will take because of tariffs. Loading Expectations are building in financial markets that the Federal Reserve will need to cut interest rates later this year in order to prop up an economy potentially weakened by tariffs. Yields took a sharp turn lower on Wednesday after a pair of worse-than-expected reports on the US economy bolstered traders' bets for a cut. The Fed has been keeping interest rates on hold this year after slashing them through the end of 2024. Part of the reason for the pause is that the Fed wants to see how much Trump's tariffs will hurt the economy and raise inflation. While lower interest rates could boost the economy, they also tend to give inflation more fuel. Treasury yields held steadier on Thursday ahead of Friday's jobs report. The yield on the 10-year Treasury rose to 4.39 per cent from 4.37 per cent late Wednesday after tumbling from 4.46 per cent the day before. It had been lower before Trump's encouraging description of his call with Xi. In stock markets abroad, indexes in Europe were mixed amid modest moves after the European Central Bank cut its main interest rate again, as was widely expected. The moves were larger in Asia, where South Korea's Kospi jumped 1.5 per cent after the country's new president and leading liberal politician Lee Jae-myung began his term, vowing to restart talks with North Korea and beef up a partnership with the US and Japan.

He designed the new World Trade Centre. Now this superstar is building a Caulfield school
He designed the new World Trade Centre. Now this superstar is building a Caulfield school

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  • Sydney Morning Herald

He designed the new World Trade Centre. Now this superstar is building a Caulfield school

A Melbourne private school has snared one of the world's top architects to help design its new 'mega campus' on the site of Caulfield Racecourse in the city's inner south-east. Daniel Libeskind – who drew up the masterplan for rebuilding New York's World Trade Centre after it was destroyed in the 2001 terrorist attacks – will be announced on Friday as part of the design team for Mount Scopus College's new Caulfield campus. The private Jewish school kick-started its ambitious plans for an early learning to year 12 campus, a sports precinct and a centre for Jewish life last year with a $195 million deal to buy a large tract of the racecourse from the Victoria Racing Club. There are currently 1210 students enrolled at Mount Scopus' three campuses, in Burwood, Caulfield South and St Kilda East. Annual fees are more than $42,000 for students in its senior levels. Loading The school has dubbed the build 'Project Generation,' and says it is not only one of the largest educational developments under way in Australia, but also among the biggest projects ever undertaken for the nation's Jewish community. The project team will announce the design coup on Friday – with Libeskind, who shot to international renown with his design for Berlin's famous Jewish Museum – considered by some as the No 1 global contemporary architect. He has designed landmark buildings around the world, including Dublin's Grand Canal Theatre, the Royal Ontario Museum as well as the Berlin museum project, which electrified world architecture when it was built in 1999. University of Melbourne associate professor of architecture Rory Hyde was excited by the appointment, describing the 'hugely influential' Libeskind as the 'real deal' among the giants of modern architecture and a perfect fit to design a new centre for Australian Jewish life.

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