Heather du Plessis-Allan Drive

There's early signs that mortgage rates could be on the downswing again.

New Zealand's wholesale interest rates have fallen sharply over the last month- and both the two-year and ten-year swap rates have dropped.

NZ Herald Wellington business editor Jenee Tibshraeny says banks still have yet to move their rates down, despite these early signs.

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Nvidia's latest quarterly results have surpassed expectations amid increased demand for AI.

Demand for Nvidia’s graphics processing units has been exceeding supply, and the company has tripled its year on year revenue. 

Milford Asset Management's Felix Fok explains why the company is thriving amongst the AI wave. 

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Chris Luxon says he didn't lobby for his party deputy, Nicola Willis, to be Deputy Prime Minister.

The role remains one of the last sticking points of Coalition negotiations, with policies and other ministerial positions largely agreed.

Willis today said she wasn't in the race and Winston Peters or David Seymour are likely to get the job.

ZB political editor Jason Walls says it's looking likely that Winston's the new favourite to take up the role as Deputy Prime Minister.

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Elon Musk has confirmed that advertising revenue from X, formerly Twitter, will be donated to war-torn Gaza and the hospitals in Israel. 

The move comes amid increased backlash against Musk, after he posted support for anti-Semitic content on the site. 

US correspondent Dan Mitchinson says Apple, Disney and IBM have already paused advertising on X.

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A fruitful season's in the wind for Kiwifruit growers this year.

Zespri's seasonal November forecast projects record returns for all its fruit crops.

The fruit company is putting it down to growers' efforts to improve quality, despite harsh conditions in recent years.

Zespri Head of Global Public Affairs Michael Fox says strong market demand, respect for the brand and strong supply chain partnerships will boost Zespri's returns.

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Used car distributor Turners Automotive has gone from strength to strength in recent months.

The company saw revenue increase 16 percent to $213.9 million, while its after-tax profit rose by 8 percent.

Chief Executive Todd Hunter says the combination of a shifting market and a successful ad campaign is helping the company sell more cars.

"It's the Tina effect, it's been very good for our lead generation. We're buying a lot more cars off people, we've opened more branches so we're in more places, it's a combination."

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Experts are firing back at the assertion that the perfect steak can be cooked in the microwave.

One scientist recently made the bold claim that the best way to prepare a steak is to skip traditional cooking methods- and heat it with a microwave.

Beef + Lamb Chef MacLean Fraser says it's unlikely that microwaving a defrosted steak will produce the best result.

"There's a few things you should never do- never swim in a calm spot at a surf beach, don't drink and drive, don't count on Winston Peters and don't microwave your steak."

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The new Government needs to find a quarter of a billion dollars to settle a pay parity deal with early childhood teachers.

A previous cost estimate for the settlement was found to be vastly too low.

NZEI says the outgoing Government committed to paying teachers.

National Secretary Stephanie Mills says problems in the sector must be sorted - or things will only get worse.

"If we want to stop the real churn in the sector, people going to Australia and the loss of morale, the Government really does need to address this."

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Tātaki Auckland Unlimited today confirmed that SailGP has chosen not to stage their March 2024 event in Auckland.

The unavailability of Wynyard Point land as a spectator facility proved to be a barrier, as the land had been contaminated by oil tanks from the old tank farm.

Chief Executive Nick Hill says it was always going to be a long complicated process to get that land back.

"You need to get to a point where the land could be handed back, and they had no obligations back to the council. If you start using that land- they'll turn around and say you caused the problem."

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Israel has agreed to a hostage swap with Hamas, but it's unclear where all the people kidnapped from Israel are.

The assault on Gaza will be paused four days, in exchange for 50 women and children kept by the Palestinian military group.

Israel says it will return three Palestinians for every hostage - and each 10 hostages released will extend the pause on hostilities another day.

Times of Israel US Bureau Chief Jacob Magid says some hostages are being kept in underground tunnels.

"And not all of them are even with Hamas, there are roughly 30 hostages that are also being held alive in post-Islamic Jihad."

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