Market Reports

• Australian Market Report: The S&P/ASX 200 index on Thursday dropped 13.6 points, or 0.2 per cent, to 8742.8, the broader All Ordinaries dipped 16.4 points, or 0.2 per cent, to 8999. The Australian dollar had dipped back under US65¢ for the first time in a fortnight..... [more]

• U.S. Market Report: The S&P 500 and Nasdaq receded from record highs notched earlier on Thursday, as Wall Street shifted its focus beyond Microsoft's $4 trillion milestone and braced for Apple and Amazon's earnings later in the day..... [more]

• European Market Report: European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front..... [more]

• Asian Market Report: Asian stocks ended mostly lower on Thursday, with the Federal Reserve's interest-rate decision, tech earnings, U.S. President Donald Trump's tariff threats and Chinese data in focus..... [more]

Australian Business News

• Retail sales up 1.2pc in June, smashing forecasts as shoppers splurge on big-ticket EOFY bargains.... [more]

• Australia’s house prices hit a new record high in July, with an interest rate cut and the warmer months tipped to continue to spur on the housing market in the months to come..... [more]

• Productivity Commission backs biggest Australian company tax rate cut in 40 years.... [more]

• The company tax regime is a roadblock to business investment. Here’s what needs to change. Productivity growth is a key driver of improvements in living standards..... [more]

• Telstra Super and Aware Super enter merger formalities.... [more]

• Three small caps on the rise and with more left in the tank. At the smaller end of the market, where companies are less closely followed and analysed, it can often take significant announcements or newsflow to get investors to stand up.... [more]

• The Australian Securities and Investments Commission (ASIC) has flagged seeking legislative and regulatory change from the Government to help pug the gaps which allowed the Shield and First Guardian failures to occur..... [more]

• Copper tumbles 18% on Trump tariff surprise sending Sandfire, BHP, and RIO shares lower.... [more]

• Silver prices are soaring and these ASX juniors are along for the ride.... [more]

• A big day has dawned for Larvotto Resources after the company fired the starter’s gun on the development of its $140 million flagship Hillgrove antimony-gold project in New South Wales. First production is expected to kick off.... [more]

• Rio Tinto's half-year results: Earnings and dividend miss, strong copper outlook.... [more]

• Beach Energy has copped a $674 million writedown thanks to lower sale prices and poorer than expected performance of Perth Basin assets. The Adelaide-based company revealed the impairment to the market on Thursday.... [more]

• Ionic Rare Earths Ltd (ASX:IXR, OTC:IXRRF) highlighted major progress across its integrated rare earths supply chain strategy in quarterly results released on Thursday, advancing magnet recycling, refining and project development.... [more]

• Approval of gold miner Northern Star Resources' 800-bed camp in Kalgoorlie-Boulder.... [more]

• Champion Iron Shares (CIA) Close Down 13%: Revenue Miss Triggers Sell-Off.... [more]

• Zip Co Ltd (ASX: ZIP) shares are marching higher today. Shares in the S&P/ASX 200 Index (ASX: XJO) buy now, pay later (BNPL) stock closed yesterday trading for $3.16..... [more]

• Concerns growing over Tassal's Cone Bay barramundi farm expansion plans.... [more]

• Australian fashion retailer General Pants Co says they’ve settled $69,000 bill amid court threat. A well-known Australian fashion chain has revealed it will fight a push to appoint liquidators after it was hit with legal action over alleged debts..... [more]

• Administrators of Wittner complete sale to Jo Mercer owner The Shoe Group.... [more]

• Australian swimwear and apparel brand Tigerlily is set to make its return to Australian shops this Friday, just in time to celebrate its 25th anniversary. After a bumpy two-year period, the brand “all about beach lifestyle” will officially.... [more]

• Opinion - Elizabeth Knight: Forget the cost-of-living crisis, Australians opened their wallets and emptied their mattresses to embark on such a vigorous shopping spree in June that retail sales for the month have come in three times higher.... [more]

• Opinion - Craig Emerson: Mortgage rates are coming down again, but is it too late? At its last meeting, the Reserve Bank board shocked just about everyone – except itself – and left interest rates on hold..... [more]

World Business News

• U.S. President Donald Trump again criticised Federal Reserve Chairman Jerome Powell on Thursday, a day after the U.S. central bank held interest rates steady in a 9-2 vote. "Jerome “Too Late” Powell has done it again!!! He is TOO LATE," .... [more]

• Fed's favorite inflation gauge edges higher in June as tariffs ramp up.... [more]

• Are Trump’s tariffs unlawful? A major court case could reshape his trade strategy.... [more]

• Trump gives Mexico 90-day tariff reprieve as deadline for higher duties looms.... [more]

• US President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there, after the country scrambled to secure an agreement ahead of the Friday deadline. .... [more]

• The Trump administration is canceling plans to use large areas of federal waters for new offshore wind development, the latest step to suppress the industry in the United States. More than 3.5 million acres had been designated wind energy.... [more]

• CVS Health on Thursday reported second-quarter earnings and revenue that topped estimates and raised its adjusted profit outlook, as it sees strength in its retail pharmacy business and some improvement in its insurance unit..... [more]

• Microsoft reaches $4 trillion valuation after solid results.... [more]

• The initial public offering from design-software company Figma Inc. rocketed 200% Thursday in the largest ever first-day gain of an IPO with $500 million or more in proceeds.... [more]

• Northrop Grumman (NYSE:NOC) stock has reached a significant milestone by hitting an all-time high of 576.86 USD, with InvestingPro data showing the stock trading near its Fair Value..... [more]

• In a note to employees Thursday, Moderna Inc. said it was laying off about 10% of its global workforce as part of the biotechnology company’s plan to cut annual costs by $1.5 billion in the next couple of years..... [more]

• Top U.S. oil producers Exxon Mobil (XOM.N), and Chevron (CVX.N) are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue..... [more]

• Daimler Truck (DTGGe.DE), one of the world's biggest truckmakers, on Thursday slashed a key profit forecast for 2025 due to "continuous market weakness in North America", the latest warning from industry.... [more]

• EU-US tariff deal not finished yet, say Europeans unhappy with Trump's terms. It was all handshakes and smiles when European Commission chief Ursula von der Leyen and US President Donald Trump announced that a EU-US trade agreement.... [more]

• UK Export Finance guarantees 1 billion pound loan to Ford UK.... [more]

• The Treasury should consider a wealth tax to close the growing gap in the public finances, according to a Labour former shadow chancellor. Anneliese Dodds, who held the role under Keir Starmer in opposition, said ministers must have.... [more]

• Renewables generate half of UK’s electricity in 2024 in new record high. Official figures show wind, solar, hydro and biomass generated 50.4% of UK power last year..... [more]

• Rolls-Royce has reported a 50% rise in half-year profits as strong demand for its jet engines and power generators for AI datacentres solidified its turnaround efforts..... [more]

• Ferrari shares slump 12% in biggest drop since 2016 listing.... [more]

• Barcelona players will have "DR Congo - Heart of Africa" emblazoned on the back of their training shirts from the start of next season, after the top Spanish football team agreed on a four-year deal with the central African country..... [more]

• Brazil grants BYD exemption from EV tariff hike, but not for as long as sought. Regulators compromise after other carmakers push back, saying the break would unfairly advantage BYD and might threaten up to 50,000 jobs.... [more]

• China’s cyberspace regulators on Thursday summoned Nvidia over security concerns that its H20 chips can be tracked and turned off remotely, the Cyberspace Administration of China said on its website..... [more]

• Hong Kong Growth Fastest Since 2023 as Spending Stabilizes.... [more]

• US tariff deal clears way for Korea’s stablecoin dream. Leader Lee can turn to boosting crypto innovation and making Korea a digital asset hub with Trump fear in the rearview mirror.... [more]

• Coal India (COAL.NS) which produces about 80% of the country's coal, reported a quarterly profit decline on Thursday as shipment volumes and prices fell amid weak power demand..... [more]