Market Reports

• Australian Market Report: Australia’s sharemarket has fallen for a fourth straight session. The S&P/ASX200 fell 22.6 points on Thursday – down 0.26% to 8762.5 – as the broader All Ordinaries lost 18 points, or 0.2 per cent, to 8961.3..... [more]

• U.S. Market Report: Wall Street's ​main indexes gained on Thursday, as a Micron Technology-led rally in chip stocks outweighed concerns that renewed U.S. and ‌Iranian attacks would prolong the conflict and stoke broader geopolitical risks..... [more]

• European Market Report: European stocks closed mostly higher on Thursday even as the UK market underperformed and ended slightly weak despite a fine performance by mining and financial sectors..... [more]

• Asian Market Report: Asian stocks ended mixed on Thursday, giving up some early gains as investors digested Chinese inflation data and monitored escalating hostilities in the Middle East..... [more]

Australian Business News

• Australia is facing two years of very slow economic growth as a resumption of hostilities in the Middle East threaten to keep inflation at higher levels and spark more interest rate rises. The International Monetary Fund.... [more]

• Australians are paying record-high rents across all the capital cities as low vacancy rates mean tenants are facing "a landlord's market". Data from property website Domain has revealed a renewed acceleration in rental growth .... [more]

• Governments have been accused of ignoring Australian businesses across the retail and manufacturing sectors, struggling under rising prices, huge tax burdens and soaring energy costs..... [more]

• Is the ASX 200 heading for a third straight fall as oil prices jump? The ASX 200 is on track for another session in the red..... [more]

• The rise and rise of emerging market equities over the past 12 months appears to be more than a blip but it may not yet be the start of a trend, according to research and ratings house, Morningstar..... [more]

• The World Cup stock you’ve never heard of. The company is Catapult (ASX.CAT), a tech company that develops data tracking wearables for elite athletes..... [more]

• Embattled Northern Star adds former Perseus Mining boss to its board amid pressure from activist investor.... [more]

• Larvotto Resources has pulled the trigger by exercising an option over the historic Blockade copper mine near Mount Isa in Queensland after due diligence drilling confirmed broad copper mineralisation beneath the old open pit..... [more]

• West Coast Silver (ASX:WCE) has confirmed a new discovery with results from diamond drilling with high-grade silver and base metal intersections at the historic Elizabeth Hill project in the Pilbara region of Western Australia..... [more]

• Tetragon Energy begins ASX life with accelerated Philippines gas exploration program.... [more]

• On track for a maiden resource estimate in a proven gold region, Lodestar Minerals says drilling has confirmed extensions to the known system at its Ned’s Creek project in WA’s Mid West..... [more]

• Locksley Resources and its research partner, the esteemed US Rice University, have delivered a stunning hydrometallurgical breakthrough that could be a game-changer for establishing a US-based antimony supply chain..... [more]

• Woodside is pursuing legal action against three protesters who were convicted over a gas hoax stunt that caused the evacuation of thousands of employees from its Perth headquarters three years ago..... [more]

• FDC Consolidated Holdings Shares Jump on ASX Debu.... [more]

• Telstra outage estimated to cost hundreds of millions, but compensation not guaranteed..... [more]

• Opinion - Stephen Bartholomeusz: Elon Musk’s SpaceX blockbuster gets a market reality check. Three weeks ago, Elon Musk’s SpaceX was valued by the market at more than $US2.5 trillion ($3.6 trillion)..... [more]

• Analysis/Comment - Kerry Sun: Why CSL is rallying like a growth stock again? CSL is up 35.5% since early June, clearing its 50-day moving average for the first time in nearly a year. Is the biotech giant back?.... [more]

• Comment - Chris Conway: Investors are focused on the shock. The money is in the consequences. Why AI, energy and policy are colliding to create new winners and losers..... [more]

World Business News

• Stocks rose on Wall Street and oil prices slipped Thursday in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran..... [more]

• Trump promotes ‘Freedom Fuel’ stations that sell cheap gas. How they’re able to do so is unclear.... [more]

• Fed's Warsh taps broad group of central bank outsiders to oversee review.... [more]

• High mortgage rates coupled with record-high prices are causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted, annualized basis.... [more]

• A $3.2 Trillion Deal-Making Frenzy Is Spurred by the A.I. Economy. This year’s boom includes the most spent on global deal-making in a six-month period in a decade. But questions persist about whether it can continue..... [more]

• Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growing market.... [more]

• Micron’s stock surges on multibillion-dollar U.S. manufacturing push.... [more]

• Lawyers for several states are finalizing an antitrust lawsuit challenging Paramount’s pending acquisition of Warner Bros. Discovery, including CNN, according to people involved in the legal process. The multistate suit .... [more]

• SK Hynix's US share sale aims to raise $26.5 billion at $149 per ADR, source says.... [more]

• PepsiCo earnings miss estimates as U.S. consumers tighten their budgets.... [more]

• Salesforce’s stock may look like a bargain — but that’s just a mirage, analyst says. KeyBanc downgraded Salesforce shares, citing doubts about the company’s AI narrative.... [more]

• Jeff Bezos' Blue Origin is raising external funding for the first time. Read the CEO's email to staff..... [more]

• Electronic Arts stock hits all-time high at 206.01 USD.... [more]

• Meta’s Zuckerberg Says Exploring AI Cloud Business Makes Sense.... [more]

• The New York Times, the Daily News and other media outlets are asking a federal judge to impose sanctions on OpenAI, escalating a fight over artificial intelligence and copyright that could shape the future.... [more]

• Russia bans diesel exports after Ukrainian attacks, straining tense global market.... [more]

• Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul. Economists including Jim O’Neill write open letter calling for single levy to replace six key taxes to raise money for public services.... [more]

• Bank of England Chief Economist Huw ​Pill said interest rates ‌will need to rise to keep inflation pressure ​in check. Asked on ​BBC's "Walescast" programme on Thursday if ⁠rates would need ​to rise in the ​coming year, Pill said.... [more]

• Virgin Media slapped with record £28m fine for blocking customers from switching contracts.... [more]

• Capita has revealed that the bill for cleaning up its mess at the crisis-hit civil service pension scheme could wipe up to £40m off annual profits – a day after its chief executive apologised to MPs for a “very poor service”..... [more]

• French ​economic growth strengthened in the second quarter as activity increased in ‌June across industry and rebounded in services and construction, the Bank of France said on Thursday, revising its outlook up..... [more]

• Hugo Boss urges investors to reject Mike Ashley’s ‘inadequate’ €2 billion takeover bid. The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss.... [more]

• Asian policymakers, investors and business leaders are increasingly portraying themselves as active participants in navigating a more fragmented global order, seeking to build resilience rather than passively balancing.... [more]

• Xiaomi preps for fierce EV race with new SUV line, long-range battery tech.... [more]

• The Japanese owner of clothing brand Uniqlo raised its annual profit forecast on Thursday on strong global sales ‌but warned about the impact of the weak yen at home and heatwaves in Europe..... [more]

• Small-cap IPOs struggle in Hong Kong amid lack of AI megadeals.... [more]

• New age lender BlackSoil has announced the acquisition of Credit Fair’s solar financing business, subject to regulatory approvals, marking its entry into renewable energy financing business, subject to regulatory approvals,.... [more]

• India’s AI Challenge in an Age of US-China Rivalry. Strategic autonomy may be the country’s guiding principle in the age of AI..... [more]

• India is adding biofuels to petrol – but many drivers are unhappy.... [more]

• Opinion - Matt Phillips: What the momentum trade tells us about the stock market.... [more]

• Comment - Gertrude Chavez-Dreyfuss: US markets brace for renewed funding pressure as leverage rises. U.S. equity funding markets remain stretched in the wake of last month's spike in short-term borrowing costs.... [more]