Morning business roundup
Join over 8,000 subscribers who receive markets and economic news delivered straight into their inbox every morning.
By subscribing to the Morning Business Roundup you acknowledge that your email address will be provided to a third party for the purposes of supplying this service. To understand how we handle your personal information, refer to Netwealth’s Privacy Policy, or contact us via contact@netwealth.com.au.
Australian Market Report: The S&P/ASX 200 closed 58.6, or 0.7 per cent, lower at 8769.70, with five of 11 industry sectors in negative territory..... [more]
U.S. Market Report: Wall Street's main indexes extended losses to a second session on Friday, and were set for weekly declines, as concerns about the economy and sky-high valuations in the technology sector soured sentiment..... [more]
European Market Report: European markets closed weak on Friday, with most of the markets extending losses from the previous session, as lingering concerns about high valuations in AI-related stocks and uncertainty about the outlook for economic growth.... [more]
Asian Market Report: Asian stocks declined on Friday as U.S. job data signaled weakness in the country's labor market and customs data showed Chinese exports unexpectedly fell in October after months of frontloading U.S. orders.... [more]
The Federal public service is growing at triple the rate of the population and sharply accelerated when Labor came to power three years ago. The number of Federal Government employees soared 5.6 per cent last financial year.... [more]
Australia’s unlisted real estate market is shifting gears. After two years of rate shocks, valuation resets and frozen conviction, fresh data from the Dexus Australian Real Asset Review (Q4 2025),.... [more]
New analysis has confirmed how ‘boutique’ financial advice licensees (those with fewer than 20 advisers) have grown over the past three years to dominate the profession over the past three years via the establishment.... [more]
The Vanguard Australian Shares Index ETF (ASX: VAS) is highlighted as a resilient investment due to its design to track the top 300 ASX-listed shares, evolving with the market by reassessing and rebalancing every three months..... [more]
Research and ratings firm Evergreen Consultants has been acquired by Ascalon Capital..... [more]
Australia should avoid sinking its $1 billion green iron investments into projects based on gas and should instead prioritise ventures with clear renewable energy plans to avoid failure. The Institute for Energy Economics and Financial.... [more]
Aurum Resources recent diamond drilling has delivered an intercept of 5m assaying 11.07 grams per tonne (g/t) gold from 200m depth among other promising high-grade gold intercepts.... [more]
Alliance Nickel hoping to renegotiate Stellantis deal after global automaker terminates existing contract.... [more]
Canaccord lifts rare earths price forecasts and Trump’s critical minerals update.... [more]
Pacgold’s Alice River gold project in north Queensland has served up another golden surprise, with all five holes from a first-pass aircore drilling program at its new Kapok prospect revealing broad gold zones over a 50-metre-wide corridor..... [more]
Imugene Ltd (ASX:IMU, OTC:IUGNF) earlier this week provided an update on its cell therapy candidate azer-cel, highlighting strong response rates and upcoming regulatory and scientific milestones..... [more]
China agrees to import 65,000 tonnes of Australian canola after five-year lockout.... [more]
Nick Scali: One of the ASX's most unexpected growth stories.... [more]
A former NAB employee has been charged over his alleged role in a “highly sophisticated” $200m bank fraud and money laundering syndicate – one that police allege is one of the biggest in Australia’s history..... [more]
Australia's $4 billion illicit tobacco trade has become one of the nation's most violent criminal markets.... [more]
Opinion - Craig Emerson: Why the RBA should ignore calls to raise rates.... [more]
Another day in the red: Why stocks are headed for their worst week since April.... [more]
The mood among consumers darkened in November as the government shutdown dragged on, according to a new survey released Friday. The University of Michigan’s consumer-sentiment index fell to 50.3.... [more]
Here's where the 'Trump Trade' scorecard stands one year after his election win.... [more]
Musk Wins $1 Trillion Pay Package, Creating Split Screen on Wealth in America. Tesla shareholders approved a plan to grant Elon Musk shares worth nearly $1 trillion if he meets ambitious goals,.... [more]
Wendy’s is set to close hundreds of locations across the United States as part of its turnaround plan. Interim CEO Ken Cook announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close.... [more]
KKR’s profit beats forecast on credit-led inflows, one-off charge weighs.... [more]
Peloton Interactive (PTON.O), shares jumped 7% on Friday after the fitness company beat quarterly revenue estimates, buoyed by early traction from its revamped product line.... [more]
Meta projected last year that it would earn about 10 per cent of its overall annual revenue — $US16 billion ($24.6 billion) — from running advertising for scams and banned goods, internal company documents show..... [more]
Why OpenAI went into crisis PR mode Thursday.... [more]
Canada’s Carney expects trade talks with U.S. to resume.... [more]
Brazilian oil firm Petrobras reported on Thursday a slight increase in its third-quarter net profit from a year earlier, alongside a 12.2-billion-real ($2.25 billion) dividend payout..... [more]
Cornell to pay $60 million in agreement with Trump admin.... [more]
Why does GTA 6 keep getting delayed?.... [more]
Texas Attorney General Ken Paxton says he has sued Roblox over "flagrantly ignoring" safety laws and "deceiving parents" about the dangers the online video gaming platform poses to young people..... [more]
Bank of England Chief Economist Huw Pill said not too much should be read into a shift in language in November's Monetary Policy Report and that the central bank's rate decisions were finely balanced..... [more]
Trading firm Gunvor, accused by US of being ‘Kremlin’s puppet,’ drops plan to buy Lukoil assets.... [more]
Hours After US Rebuke, Gunvor Secures $2.4 Billion From Banks.... [more]
ITV has said it is in preliminary talks to sell its broadcasting arm to the parent company of Sky in a £1.6bn deal, sending shares soaring. Comcast, the US telecoms company that own Sky and NBCUniversal,.... [more]
China to Resume Nexperia Chip Exports, Dutch PM Schoof Says.... [more]
Volkswagen receives first chip deliveries from Nexperia after supply outage.... [more]
Denmark’s government on Friday announced an agreement to ban access to social media for anyone under 15, ratcheting up pressure on Big Tech platforms as concerns grow that kids are getting too swept up in a digitized world.... [more]
China starts work on easing rare earth export rules but short of Trump hopes.... [more]
China’s exports unexpectedly contracted in October as global demand failed to offset the deepening slump in shipments to the US, dealing a blow to an economy already slowing amid sluggish consumer spending.... [more]
Alibaba Group Holding will keep investing in super-scale computing infrastructure to empower the artificial intelligence era, CEO Eddie Wu Yongming said at China’s annual internet industry summit on Friday..... [more]
Ant Group picks AI-assisted healthcare as new growth area amid China’s rapid ageing.... [more]
Nomura Holdings Inc. has ditched an effort to restart a proprietary trading desk in London after less than two years, according to people familiar with the matter..... [more]
The removal of restrictions on banks for acquisition financing will help the real economy, Reserve Bank of India Governor Sanjay Malhotra said on Friday. Last month, the RBI allowed banks to fund acquisitions and raised the cap.... [more]
Indian state-owned firm Hindustan Aeronautics Limited (HAL) on Friday announced a $1 billion deal with US-based General Electric (GE) to supply 113 jet engines and a support package for India’s 97 LCA Mk1A fighter aircraft program.... [more]
India's JSW Cement (JSWC.NS), reported a second-quarter profit on Friday, as it dispatched more volumes of the construction material at higher prices..... [more]