Best of Business

A call has been made that the AI bubble is about to burst.
Wall Streets' NASDAQ Index fell 5% overnight, and it's the tech sstocks that are losing value.
Commentators say this is the long-expected 'burst' of the AI bubble.
Craig Investment Partners Investment Director Mark Lister told Heather du Plessis-Allan that the bubble is deflating, but won't necessarily 'pop'.
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Department store chain David Jones Group has been placed into voluntary administration and receivership after months of turmoil.
The collapse follows failed discussions between the 188 year old company and its landlord Scentre Group, which operates Westfield malls here and across the ditch.
David Jones has one branch in New Zealand in Auckland's Newmarket.
RX Group Founder and Retail Strategy Expert Juanita Neville-Te Rito told Mike Hosking some of the stores are still performing very well – $2 billion worth of sales still go through David Jones.
She it's about having more relevant stores in the right place at the right time, and a long time ago they just expanded too far.
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Rabobank's newly released November Agribusiness Monthly report is reporting some positive results, but there's some industry concerns surfacing ahead of the summer season.
The report shows there's strong livestock returns and firmer dairy prices, but the incoming El Niño could create adverse conditions, impacting farming costs.
The Country's Jamie Mackay explained further.
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One industry expert says the downfall of David Jones is the sign of a bigger problem impacting the retail sector.
The Australian department store has officially gone into voluntary administration, following failed discussions between the 188 year old company and its landlord Scentre Group.
Australian consumer and retail analyst Barry Urquhart says all department stores around the world are struggling - including Saks Fifth Avenue.
"This is not so much an issue of retail competitiveness, advertising and marketing, it's a simple case of undercapitalisation."
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Department store chain David Jones Group has been placed into voluntary administration and receivership after months of turmoil.
McGrathNicol has been appointed voluntary administrators, with FTI Consulting as the receiver.
David Jones employs more than 6,000 staff across its 38 stores, which include one New Zealand site at Auckland’s Westfield Newmarket.
Australian correspondent Murray Olds says bricks-and-mortar retail has been in trouble for some time, and last-ditch talks have broken down.
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