Market Reports

• Australian Market Report: The Australian sharemarket finished lower again on Tuesday, led down by gold and tech companies. The S&P/ASX 200 slipped 29.10 points, or 0.3 per cent, to 8787. The Australian dollar was weaker at US69.52¢..... [more]

• U.S. Market Report: The Nasdaq and the S&P 500 fell to over one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks as ​investors braced for a more hawkish Federal Reserve..... [more]

• European Market Report: European markets closed weak on Tuesday, weighed down by concerns about valuations of tech stocks amid skepticism over spending in AI infrastructure, and fears of possible interest rate hikes by the Federal Reserve..... [more]

• Asian Market Report: Stock markets across Asia turned into a sea of red amidst renewed concerns over valuations in the technology sector and increasing skepticism over spending in AI infrastructure..... [more]

Australian Business News

• The Greens will support the first tranche of Labor’s controversial tax reforms, including an overhaul of negative gearing and capital gains tax rebates, all but ensuring the Bill will become law when it is debated in the Senate..... [more]

• Equity Trustees has made its anticipated decision to withdraw from offering independent superannuation trusteeship via its subsidiary, Equity Trustees Superannuation Limited..... [more]

• Diversa Trustees has filed its defence to the proceedings initiated by the Australian Securities and Investments Commission (ASIC) following the collapse of the First Guardian fund citing fraud by other parties..... [more]

• BHP's rough week: is the Jansen sell-off going too far? The market is punishing BHP for cost blowouts at Jansen..... [more]

• Macquarie is back to being bullish on Lynas Rare Earths (LYC), upgrading the stock to Outperform from Neutral on a bet that Beijing's latest export controls will choke off the supply chains its Western rivals are trying to build..... [more]

• Hastings Technology Metals has secured a $1 million strategic investment from Malaysian mining group Malaco Mining as the rare earths developer pushes ahead with its broader mine-to-market strategy.... [more]

• Nova Minerals Corp (ASX:NVA, NYSE-A:NVA, FRA:QM30) has completed its redomicile to the United States and started key 2026 field work at its Estelle Gold and Critical Minerals Project in Alaska.... [more]

• Dreadnought Resources records 94% increase in high-grade resource at Metzke’s Find.... [more]

• Titanium Sands has put a big piece of its approvals puzzle in place at its giant Mannar heavy mineral sands project in Sri Lanka. An independent hydrology study has concluded its proposed mining method can co-exist.... [more]

• Alcoa Shares Down 30% In Three Weeks: What is Driving The Move?.... [more]

• Mount Ridley Mines has confirmed its Block 1 scandium resource near Esperance in Western Australia extends in all directions after a second round of re-assays on historical drill pulps returned a picnic basket of high-grade, shallow hits..... [more]

• The South Australian government is pushing for the state to become home to billions of dollars' worth of artificial intelligence (AI) data centres, but concerns have already been raised about the impact on energy and water supply..... [more]

• Billionaire White denies human trafficking involvement. WiseTech Global has hit back at allegations that the Australian Federal Police are investigating executive chairman Richard White .... [more]

• Whispers an IGA store in Melbourne’s west was about to undergo a major makeover has turned into a reality, with the store to rebrand into billionaire Adrian Portelli’s first supermarket..... [more]

• Xero shares just crashed to COVID-era lows. Is this ASX 200 tech stock broken?.... [more]

• Reliance Worldwide shares (ASX: RWC) fell back 3% today to A$3.56, as the company announced the closure of its Melbourne brass casting operations alongside a substantial one-off charge of up to US$110 million..... [more]

• Eden Innovations is looking to expand in India after recent trials showed its EdenCrete concrete additive could improve concrete strength while lowering costs..... [more]

• KPMG Australia chair Martin Sheppard and two audit partners are leaving the accounting and consulting giant in the wake of a scandal over misuse of confidential client information and the alleged mistreatment of a whistleblower..... [more]

• Opinion - Elizabeth Knight: KPMG chairman’s departure is just one of a thousand cuts.... [more]

• Copmment - Shani Jayamanne: What you're getting wrong about super. Superannuation is one of the most generous tax structures available to Australian investors..... [more]

• Analysis - Ian Verrender: Will SpaceX bring stocks thudding back to earth? Optimism is a vital attribute when it comes to financial markets. It can fire up booms far beyond expectations and, occasionally, even the realms of reality..... [more]

World Business News

• SpaceX stock’s wild price swings since its IPO show how risky leveraged ETFs can be.... [more]

• First, they had lift-off; now, they're coming back to Earth with a bump. SpaceX shares dropped for a third consecutive trading day on Monday, extending a pullback after the Elon Musk-led company's mega IPO earlier this month..... [more]

• Tech stocks shriveled up Tuesday as fears about an AI bubble sapped market momentum..... [more]

• IBM shares climb following Trump’s praise at White House quantum summit.... [more]

• President Trump sold IBM’s stock when he took office, which was “not a good move,” he acknowledged on Monday. Lately, Trump has become a fan of IBM once more, praising not just the company but also CEO Arvind Krishna..... [more]

• People Inc. CEO accuses Google of abusing its market power.... [more]

• United Parcel Service is investing $48 million in 27 temperature‑controlled facilities as the industry sees a boom in healthcare logistics.... [more]

• FedEx options trading jumps with puts outnumbering calls.... [more]

• Meta is pausing an internal AI training program after sensitive data was accessible across the entire company, according to screenshots.... [more]

• Meta on Tuesday announced a new line of AI glasses designed in-house, signaling a deeper push into the wearable technology that’s become a new front in the artificial intelligence race..... [more]

• The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers..... [more]

• Golf fans are finally getting details on a new chapter for the PGA Tour that’s designed to elevate competition and raise payouts for winners. PGA Tour CEO Brian Rolapp unveiled the new competitive model.... [more]

• The heatwave has prompted a sharp rise in electricity prices across European markets as millions turn to air conditioners and electric fans to battle record high temperatures.... [more]

• The Bank of England should maintain interest rates at their current level until there is more certainty regarding the economic outlook, a rate-setter at the central bank has said..... [more]

• Who could be the UK's next chancellor? With Sir Keir Starmer resigning, Andy Burnham, the newly-elected Makerfield MP, is almost certain to be the next UK prime minister..... [more]

• HMRC announces 22% tax on cash interest held in stocks and shares Isas. Treasury also promises a new first-time buyer Isa with no upper age limit, as the ‘age at which a first home is bought is rising’.... [more]

• The Chancellor has selected former Bank of England rate-setter Jonathan Haskel to take over as chairman of the Government’s official forecaster. Mr Haskel, who sat on the Bank’s Monetary Policy Committee between 2018 and 2024.... [more]

• Tech giant Oracle cuts 21,000 jobs as it embraces AI.... [more]

• Pubs and restaurants in Northern Ireland will not get a special tax cut to “maintain a price competitiveness” with the Republic, a Treasury minister has signalled. From July, VAT on food, catering and hairdressing businesses.... [more]

• StubHub UK fined almost £900,000 over ‘hidden’ ticket fees.... [more]

• Surging dollar battering Asia’s most fragile currencies. New Fed chief Warsh’s hawkish debut is tanking currencies from the yen to the rupiah at the worst possible moment for Asia.... [more]

• Fed hike could push yen to 165 per dollar, ex-BOJ policymaker says.... [more]

• China Takes Supercomputer Crown From U.S. for First Time Since 2017. A supercomputer in Shenzhen was declared the world’s fastest..... [more]

• China’s Contemporary Amperex Technology Ltd (CATL), the world’s top lithium-ion battery maker, plans a major boost in production of sodium-based cells, a move that will help it navigate volatility in material prices.... [more]

• Alibaba sues US Department of Defense for branding it a 'Chinese military company'.... [more]

• South Korea’s AI-fueled selloff has put a spotlight back on one of the fastest-growing corners of retail investing: leveraged exchange-traded funds..... [more]

• With the Donald Trump administration announcing a 60-day waiver for Iran’s petroleum products, Tehran is reportedly rushing to sell oil to some of Asia’s biggest crude buyers, including India..... [more]

• Analysis - Greg Rosalsky: When falling housing prices are good news — and when they're not.... [more]