The SME Stream

Earlier this year, a Christchurch businessman was found borrowing millions of dollars against his family trusts for his clothing company - racking up a $3-million dollar spend.
His sister prompted legal action, and two homes had to be sold as collateral.
But that brings up a question - what can we leave behind for our children and family that won't just be squandered or swindled?
Trusts and inheritance is a something most families will have to deal with when older-relatives pass, so how assured can we be that assets are protected?
Managing Director for New Zealand Family Trust Servicers, Janet Xuccoa joins Tim Beveridge for Smart Money...
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SpaceX has gone public in the biggest IPO in history, with OpenAI and Anthropic expected to follow.
Together, the three companies could be worth more than US$3 trillion. So are they the investment opportunity of a lifetime, or the next great tech bubble?
Fisher Funds portfolio manager Sam Dickie joins Nadine Higgins to break down the hype, the risks and what investors need to know.
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The Prime Minister says if the Government introduces a Bed Tax, it wants to ensure it does it the right way.
An Auckland regional deal, signed by the council and the Government, includes a promise to look into a tax next year.
Mayor Wayne Brown has been campaigning for the bed night levy on visitors - arguing it would help fund destination marketing and events.
Christopher Luxon says there are a lot of conversations to be had.
He says it's a question of whether it should be a national tax, as travellers may be frustrated with different levies in different regions.
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Labour's pushing back against claims its election promises come with an 18-billion dollar hole.
National says the party isn't detailing how it would fund major commitments, including restoring pay equity, and creating a Future Fund that could cost $13bn.
Labour's finance spokesperson Barbara Edmonds told Mike Hosking that every party must front-up with the numbers, and Labour's confident it can deliver on every promise it makes.
She says all their policies are costed - and their fiscal plan will be released later this year.
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There may simply be no avoiding a spike in inflation.
Latest data from Infometrics and Foodstuffs shows grocery supplier cost inflation is rising again - reaching 2.2% in the year to May.
Many economists now expect CPI inflation to surpass four-percent in the year to June.
Infometrics Principal Economist Brad Olsen told Mike Hosking that a US-Iran peace deal probably won't change much in the short term.
He says businesses are waiting to see ships carrying oil moving again through the Strait of Hormuz.
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