Crypto News: Billionaire CEO steps down amid sex scandal

Good morning, it's Amy in Melbourne with your Friday newsletter.

Today's must-reads:
• WiseTech CEO steps down
• Australia set for a soft landing
• Super funds plow into private markets

In the face of mounting pressure, WiseTech Global's billionaire founder and CEO Richard White has left his role after a series of damaging allegations over his relationships with several women. It's the latest in a long line of questionable operational or ethical failures in Australian businesses.

Macquarie Group has unveiled a 40-storey global headquarters in central Sydney. It spans 82,000 square meters over two buildings and will cater for more than 9,000 staff. The building has attracted another nickname with its domed roof: the Minion - a reference to the cartoon characters in the Despicable Me movie franchise.

The renovated glass-atrium-topped 1920s era bank branch building. Photographer: Brett Boardman/Macquarie Group Ltd.

Australia's inflation is being tamed without hurting the economy, Treasurer Jim Chalmers has told Bloomberg Television's Sonali Basak in Washington. The country has made progress in tamping down price pressures, he said on the sidelines of the International Monetary Fund and World Bank annual meetings.

Meanwhile, with inflation well and truly on the way down in many countries, Bloomberg Opinion's Daniel Moss asks: why aren't central banks embracing the win?

Jim Chalmers Photographer: Hilary Wardhaugh/Bloomberg

Our two biggest super funds plan to add billions of dollars worth of private assets to their portfolios in coming years. Regular readers will know covering superannuation is my day job, and in this week's Bloomberg Australia podcast, Melbourne Bureau Chief Chris Bourke and I discuss how our system ranks globally and how our super funds are boosting their returns. Listen and subscribe here.

In the US, the S&P 500 rose for the first time this week. A gauge of the "Magnificent Seven" tech giants hit a three-month high, with Tesla up 21% on a strong earnings report. Australian shares are set to open slightly higher this morning.

A poll in the US has found a majority of voters lack confidence the Supreme Court would be politically neutral in resolving potential legal challenges around the upcoming election. As Bloomberg Opinion's Jonathan Levin writes, markets also imply another Trump presidency would make the cost-of-living crisis worse.

European Central Bank Governing Council member Pierre Wunsch said it's far too early to start considering a half-point interest-rate reduction in December. The Belgian central-bank-chief said officials must wait for further inflation data.

A chronic lack of ambition and climate action globally means the goal to keep global warming below 1.5C will soon be dead, a new United Nations report warns.

In Argentina, the number of murders in the nation's highest-crime metro area are plunging. The city of Rosario has seen homicides so far this year drop to about 70, down from more than 200 at this point last year, Mayor Pablo Javkin said. The city is on track for the lowest rate in at least a decade.

Qantas Annual General Meeting at 11am
RBA releases its annual report from 2.30pm

How much would you pay to see your favorite sports team? Major League Baseball's two most high-profile teams are facing off in the World Series and demand for tickets has prices soaring to record highs. The Yankees and the Dodgers feature baseball's two biggest stars —Aaron Judge and Shohei Ohtani. Have a great weekend.