Market Reports

• Australian Market Report: The S&P/ASX 200 closed 5.0 points lower, down 0.06%..... [more]

• U.S. Market Report: The Dow and the S&P 500 scaled fresh record highs on Tuesday as strong results from Hewlett ‌Packard Enterprise and a funding commitment from Alphabet reinforced confidence in the AI buildout..... [more]

• European Market Report: European stocks closed higher on Tuesday as reports about Israel-Hezbollah ceasefire and reported discussions between Iran and the U.S. helped ease concerns about Middle East tensions..... [more]

• Asian Market Report: Asian stocks turned in a mixed performance on Tuesday as investors weighed optimism around artificial intelligence against heightened geopolitical risks from Middle East tensions..... [more]

Australian Business News

• Labor downplays budget’s impact on falling house prices. Proposed tax changes to make it easier for first-home buyers to purchase a property are not the only reason the housing market is softening, Treasurer Jim Chalmers says..... [more]

• Australian mortgage holders will be whacked twice in 2026, as an above-inflation lift to the minimum wage adds to the country’s inflation woes. On Tuesday the Fair Work Commission announced a 4.75% increase in the minimum award..... [more]

• Employers warn of price pressures as one in five workers get 4.75% pay rise.... [more]

• Payday super is coming on July 1. Workers will be thousands of dollars better off long term.... [more]

• The tax office is warning Australians to stop claiming private expenses on their tax returns, with some attempting to claim baby expenses, personal gifts and meal deliveries as work-related..... [more]

• "Tough to be anything but bullish": Why the bears keep getting it wrong. BMO's Fred Demers says investors are underestimating policy support, overestimating recession risk, and expecting too many rate cuts..... [more]

• Contrary to rumours of its death, the 60/40 portfolio lives on in suitably evolved form, a recent webinar conducted by the Institute of Managed Accounts Professionals (IMAP) has been told..... [more]

• SpaceX: What investors need to know about its enormous upcoming IPO..... [more]

• Kalgoorlie Gold Mining has opened a fresh exploration front in its hunt for gold at the company’s Pinjin project, bringing forward drilling at a previously untested target within Western Australia’s prolific Laverton Tectonic Zone..... [more]

• Zenith Minerals has tightened the geological picture at its flagship Consolidated Dulcie gold project in WA’s Southern Cross-Forrestania gold belt..... [more]

• Viridis Mining and Minerals has put wings under its giant Colossus rare earth project in Brazil after inking a strategic non-binding partnership with global rare earths separation leader Solvay, which, if consummated,.... [more]

• Aura Energy surges as uranium project secures nuclear utility deal and investment decision target.... [more]

• TMK Energy has added fresh operational and corporate firepower to its Mongolian gas ambitions by appointing an experienced oil and gas veteran to the role of production manager as its Gurvantes XXXV pilot project.... [more]

• BHP sparring partner throws jab at gold giant Northern Star..... [more]

• Dalaroo Metals has lifted the profile of its Bondoukou gold project in Côte d’Ivoire, West Africa, after unearthing a massive 4.3km gold anomaly at its Gold Ridge prospect, with a peak soil result of 2188 parts per billion (ppb) gold.... [more]

• Forrestania passes one million ounces in global gold resources.... [more]

• Pantoro Gold Shares Fall To New Low: Is Support Shaping Up?.... [more]

• The lingering drought and soaring input costs mean there are tough times ahead for the nation's farmers, according to the latest report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)..... [more]

• A proposed resort and overwater gondola at a Whitsundays island is a step closer to becoming reality, after attracting expressions of interest from several possible buyers..... [more]

• A new Kmart opening in Melbourne has prompted suggestions the retailer is creating a “mini-IKEA” to take on its rivals in the discount furniture and homewares space..... [more]

• Tasmanian beer manufacturer James Boag will cease production in the state by November as it looks to move onto the mainland. In a blow for 42 local workers, James Boag’s parent company Lion Australia said it was shifting production.... [more]

• An Australian company has unveiled a first-of-its-kind direct EV-to-EV charger aimed at rescuing electric vehicles that have run flat. Melbourne-based Alpine Energy says the technology will be used to help stranded motorists.... [more]

• Analysis - Grace Alvino: Can you turn $20,000 into $100,000 with ASX shares? The goal is not to force a quick fivefold return. It is to own assets that can compound steadily over time..... [more]

World Business News

• US job openings rise by the most since 2021; hiring weak amid economic uncertainty.... [more]

• Trump is facing a new inflation warning from the bond market, adding to his midterm challenges.... [more]

• Trump signs executive order asking for access to new AI models before they launch.... [more]

• President Donald Trump on Monday adjusted tariffs on some steel, aluminum and copper imports, lowering some tariffs on farming equipment and extending the lower rate to other equipment..... [more]

• Goldman Sachs CEO David Solomon says markets are in ‘greed’ mode as AI companies seek billions.... [more]

• Goldman Sachs CEO sees inflation shifting consumer behavior.... [more]

• Anthropic faces AI spending backlash before IPO. Companies are Anthropic's biggest customers. If they dial down their AI spend, that could weaken the AI lab's revenue just as the it prepares to IPO..... [more]

• SpaceX, Elon Musk's rocket and satellite company, ​plans to target a valuation of $1.75 trillion, including a greenshoe option, in its blockbuster initial public offering, two people familiar with the matter ‌told Reuters on Tuesday..... [more]

• Cboe falls 9% as perpetual futures approval weighs on exchanges.... [more]

• Why Lumentum, Coherent and other optical stocks are rocketing toward big gains. Nvidia’s Jensen Huang spoke highly of Marvell, and his comments are sparking broad enthusiasm for providers of optical components.... [more]

• General Mills is selling its Häagen-Dazs ice-cream shops in mainland China to an investor group that includes Chinese tea brand Ningji. Minneapolis-based General Mills said in a statement late Monday.... [more]

• Blue Origin will return its New Glenn rocket to ​flight before the year ends, CEO Dave Limp said late on Monday, days after one of the ‌rockets exploded, damaging the company's launch pad and tightening a U.S. launch bottleneck.... [more]

• Why Virgin Galactic’s stock is having its worst day ever, after a record-smashing 7-day run.... [more]

• Google owner Alphabet to sell $80bn in stock to fund AI spending spree. Markets take note as world’s biggest equity fundraiser bids to garner more money than three biggest-ever IPOs combined.... [more]

• Brazilian President Luiz Inacio Lula da Silva on ​Tuesday highlighted his country's ties with China ‌after the U.S. proposed a new punitive tariff of 25% on many imports from Latin America's largest economy..... [more]

• Bank of England's Bailey says public must be given confidence in 2% inflation target.... [more]

• BP has backed Amanda Blanc to lead its search for a new chair for a second time, shrugging off investor concerns over her role at the company after the shock departure of its chair last week..... [more]

• BoE's Greene says case for rate rise grows the longer Iran conflict lasts.... [more]

• China’s Tiger Brokers reports strong results, with no mention of trading crackdown. Hong Kong trading soars 536 per cent, firm says, while making no mention of US$61 million fine from China’s market watchdog.... [more]

• Steph Curry signs with Chinese brand after Under Armour split.... [more]

• India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted ​categories and mandating prior valid import authorisation, as the world's ‌biggest consumer of the metal tries to rein in shipments.... [more]

• Global Investment Into India’s Stock Market Falls to Decade Low.... [more]