Morning business roundup
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Australian Market Report: Australia’s sharemarket has broken a four-session losing streak but it ended the week lower. The S&P/ASX200 rose 43.5 points on Friday, up 0.5% to 8806, as the broader All Ordinaries advanced 42.4 points, or 0.47%, to 9003.7..... [more]
U.S. Market Report: Stocks showed a lack of direction early in the session on Friday but moved mostly higher over the course of the trading day. The major averages all moved to the upside, although buying interest remained relatively subdued..... [more]
European Market Report: European stocks ended mixed after a somewhat choppy session on Friday as investors closely followed the developments on the geopolitical front in addition to digesting the latest batch of regional economic data.... [more]
Asian Market Report: Asian stocks rallied on Friday, with chip and AI firms leading the surge on the eve of SK Hynix's U.S. market debut..... [more]
We eye minutes from the Fed’s June policy meeting for signs that policymakers struck a less hawkish tone than markets inferred from the June dot plot. Are we in an AI bubble? We think the answer depends on whether AI can.... [more]
Weekend Wrap: Which stocks ran (and dipped) when US-Iran kicked off.... [more]
House prices are falling but that doesn't necessarily mean they're affordable yet.... [more]
How Australia’s new negative gearing rules might accidentally favour some property investors..... [more]
Homeowner are footing the bill for shocking building defects, prompting a state regulator crackdown as a construction crisis puts basic housing standards at risk. Armed with heatmaps to hunt down dodgy tradies,.... [more]
Are you Growth Grace, Dividend Dave or ETF Emma? Find out how Labor's new tax rules reshape your returns. We modelled six investor personalities, comparing the current CGT rules with Labor's new regime.... [more]
Magnificent 8? Meet the US tech stock up 215% in 2026. A new tech stock is the latest member of the trillion-dollar club..... [more]
Mesoblast Shares Lead The ASX 200 Into The Weekend.... [more]
After Australia committed to exporting uranium to India on Thursday, the latest development in a busy week for Australian diplomacy, ASX-listed uranium stocks are enjoying an upward bounce..... [more]
East Coast Research tips 248% upside for Caspin as tin hunt at Bygoo accelerates.... [more]
South32 Shares Bounce Off Support As Selling Eases Into Weekend.... [more]
KFC is taking a massive gamble as it starts selling breakfast and stays open longer in a bid to win over Gen Z and night owls — a move a leading brand expert thinks is a risky one that could cause franchisees major headaches..... [more]
Telstra chief executive Vicki Brady has deflected questions over whether senior managers should have their bonuses cut after returning from leave to confront the fallout from this week’s nationwide network outage..... [more]
CBA to cut 176 technology and engineering roles.... [more]
Comment - Christine Benz: Why I object to ‘hitting a number’ for retirement. There’s a lot more to retirement planning than a high portfolio value..... [more]
Analysis - Jonathan Barrett and Catie McLeod: Why pay a premium fee for a service that isn’t? How the nationwide outage could hurt Telstra.... [more]
Opinion - Emma Riley: The false choice at the heart of Australia’s housing debate. Every Australian knows what it feels like to search for a home..... [more]
Bitcoin steadies above $64,000 as investors shrug off Hormuz tensions.... [more]
These underperforming trades could yield big returns over next six months. ETF Action co-founder Mike Akins is encouraging investors to boost exposure to groups that underperformed compared with major ai stocks..... [more]
The U.S. stock market is becoming ‘too big to fail’. Why protracted bear markets may be a thing of the past.... [more]
The 21st Century Road to Housing Act, a bipartisan bill that aims to tackle housing affordability, officially became law early Saturday, despite a series of attempts by President Donald Trump to stall the legislation..... [more]
Apple sues OpenAI alleging trade secret theft, says scheme was ‘at every level’.... [more]
Meta’s stock roars back to life as it notches its best week in years.... [more]
Instagram's newest AI tool didn't survive the week. It started as a routine product drop. Then it spiraled into a PR nightmare. Now it's gone. On Friday, Meta said a new feature that allowed users to generate AI images.... [more]
Holtec Nuclear Corporation files for US IPO amid surging power demand.... [more]
A proposed legal settlement with the U.S. government would require the Keystone Pipeline system’s operator to pay a $26.9 million civil penalty over a major oil spill in Kansas in December 2022 and spend about $40 million more.... [more]
Ford Motor (F.N), said on Saturday it has reached a tentative agreement with Canadian auto union Unifor on a three-year national labor contract. The contract covers more than 5,000 unionized employees in Canada, the company said..... [more]
Trinidad and Tobago signs agreements with US companies that pave the way for data centers.... [more]
European financial supervisors seeking a clearer picture of banks' exposure to private credit markets are running into resistance from the U.S. Treasury, highlighting a widening transatlantic divide over financial regulation, officials say..... [more]
England’s World Cup run could boost UK economy by £7.6bn as 6.7 million set to watch Norway clash in pubs.... [more]
Sterling climbs to one-month high as dollar dips as markets weigh rate hikes.... [more]
UK to crack down on unlicensed casinos sponsoring football teams. Government to launch consultation after Everton’s deal with Stake.com went ahead amid Gambling Commission warnings.... [more]
The UK is to regulate the biggest cloud service providers, including Microsoft and Google, in a move designed to protect the country’s financial system..... [more]
A surge in energy profits linked to higher oil prices is set to drive European blue-chip earnings growth in the second quarter, masking weaker underlying momentum across the broader market, forecasts showed on Thursday..... [more]
Britain’s biggest community solar farm forced to shut over grid overload fears. Timing of Devon switchoff ‘could not be worse’, says board, as members face an estimated £2m in lost revenue.... [more]
Hays shares jump as profits set to reach top of guidance. The London-based firm indicated that cost controls helped to offset another quarter of weakness in the wider recruitment sector..... [more]
Rachel Reeves has urged Andy Burnham to arrive in Downing Street with a “worked through plan”, saying the incoming prime minister will be tested quickly by a range of incoming “shocks and challenges”..... [more]
How Aldi is taking on US supermarkets with its $4 almond butter.... [more]
Meet the crypto billionaires building a world where money buys you a vote. They think democracy has run its course - so they're setting up their own nations instead..... [more]
Technology stocks have become the new darlings of China’s retail investors who are betting their savings on chipmakers and artificial intelligence (AI) developers amid belief in the country’s technology ascendancy..... [more]
Five Guys to open in Beijing as more US chains hunger for success in China. American burger chain Five Guys will debut its first Beijing store next month, the company said last week.... [more]
South Korea, Taiwan lead $46 billion emerging market equity exodus in June.... [more]
South Korea’s blistering stock rally has left investors facing an unlikely backdrop: equities trading at record-low valuations. The Kospi has climbed around 80% this year to a series of record highs, yet analyst earnings upgrades.... [more]
India's free trade agreement with the UK may improve market access for exporters, but tariff cuts alone will not not be enough to unlock its full export potential, according to the Global Trade Research Initiative (GTRI)..... [more]
India's NSE to pitch IPO to 30 global investors as play on deepening capital markets, sources say.... [more]
Africa’s biggest clean energy challenge is shifting from building projects to building the institutions, markets and regulatory systems needed to deliver them at scale, experts say..... [more]
Opinion - Gearoid Reidy: Japan’s Yen Fix Starts With Its Pension Cash Coming Home. Has Japan finally taken the emergency hammer and broken the “strengthen-yen-here” glass?.... [more]