Market Reports

• Australian Market Report: A strong showing from the country’s technology shares has helped the Australian sharemarket start the week in positive territory. The S&P/ASX 200 finished the day up 59.2 points, or 0.68 per cent, to 8823.... [more]

• U.S. Market Report: Wall Street's main indexes gained on Monday as recent hostilities between the U.S. and Iran ​eased, while Comcast shares soared on plans to split into two companies..... [more]

• European Market Report: European stocks were subdued on Monday, even as technology shares gained after South Korea announced a $576 billion semiconductor and AI investment plan, backed by Samsung and SK Hynix,.... [more]

• Asian Market Report: Asian stocks ended mostly higher on Monday even as investors kept taking profits on high-flying semiconductor and artificial intelligence-related stocks due to worries about potentially higher interest rates by the end of the year..... [more]

Australian Business News

• Tuesday will be Perth drivers’ cheapest chance to fill up all year — and likely for the rest of 2026 — before a federal fuel tax change pushes prices higher at the bowser from Wednesday. Unleaded petrol will average 148.3¢ a litre .... [more]

• ‘Deeply concerning’: ASIC warns on gaps in oversight of $300b in super. Businesses that oversee $300 billion in superannuation savings invested via wealth platforms are not doing enough to monitor for potentially excessive.... [more]

• Mercer Super has been ordered to pay penalties totalling $10.3 million for systemic failures to report investigations into significant member services issues following Federal Court action initiated by the (ASIC)..... [more]

• NAB issues mortgage fraud warning. One of Australia’s big four banks has called for a national strategy to combat an estimated $4bn in fraudulent home loan activity..... [more]

• The federal government is moving to crack down on the growing trade in "off-the-shelf" National Disability Insurance Scheme (NDIS) providers, announcing tougher rules to stop pre-registered shell companies being sold.... [more]

• The number of Australians doing their own tax has been increasing since the introduction of MyTax in 2014. But while the technology has made lodging simpler, people are making mistakes as their lives "become more complex",.... [more]

• Lithium just dropped 30% as sodium batteries and China supply threats loom. Rival battery chemistries, a resumption of Chinese production, and yet experts still see upside for lithium prices and ASX lithium stocks..... [more]

• DGR takes 10% stake in Sunstone Metals to back Ecuador copper-gold growth.... [more]

• One of the Australian stock market's most interesting stories is quietly developing well outside the ASX 200. Uranium miner Lotus Resources (ASX: LOT) stopped trading on 18 June, after it announced it was unable to provide.... [more]

• Mount Hope lays groundwork for environmental studies at Mt Solitary.... [more]

• A Perth-based miner’s plans to set up a mine in Greenland has been rejected by the territory’s government because of uranium at the site. Energy Transition Minerals announced its setback to the Australian sharemarket on Monday.... [more]

• Forrestania Resources has delivered the ultimate engineering and corporate climax to its rapid, small-cap evolution, revealing a binding agreement to acquire 100 per cent of Ramelius Resources’ highly advanced Edna May gold hub.... [more]

• Business peak body urges $60 departure fee be used to fund tourism.... [more]

• WiseTech Global shares (ASX: WTC) started the week with a gain of 7.2% higher, closing at the session high at A$33.82 at its session high. The 17.6% bounce over the week comes as investors tentatively re-engaged with a logistics.... [more]

• Passenger numbers at Auckland Airport (ASX: AIA) for the 11 months to May 2026 are tracking about 2% higher year on year. Both domestic and international (including transit passengers) are tracking about 2% above last year..... [more]

• Select Harvests Ltd (ASX) has appointed senior agribusiness executive Kristina Hermanson as managing director and chief executive officer, positioning one of Australia’s largest almond businesses for its next phase of growth.... [more]

• Block Shares (XYZ) Building Momentum, as Outperformance Continues.... [more]

• Opinion - Matt Grudnoff: Falling auction clearance rates are best sign yet of hope for ‘messed up’ housing market. For the past six Monday mornings since the federal budget, there has been breathless reporting on how auction.... [more]

• Opinion - Clancy Yeates: Will the $155b data centre boom pay off for us all? Commodity booms have been a huge part of Australia’s economic fabric and sometimes even the national identity..... [more]

• Analysis - Nassim Khadem: Superannuation switching trend sees billions flow out of retail funds, at a risk.... [more]

• Comment/Opinion - Grace Alvino: How to build passive income for life from the ASX share market. Building passive income from ASX shares requires a focus on sustainability, diversification, and the ability for dividends to grow.... [more]

World Business News

• Oil rises on US-Iran strikes, cautious hopes for shipping cap gains.... [more]

• The “Magnificent Seven” stocks are impinging on investors’ returns, according to Citigroup — and it’s triggered the fourth-worst day for momentum stocks in 22 years. Citigroup’s measure of momentum stocks fell.... [more]

• The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve..... [more]

• Eli Lilly, Regeneron among first companies selected for FDA initiative to speed review of new manufacturing facilities.... [more]

• NBCUniversal to be split from Comcast in latest media shakeup.... [more]

• The Supreme Court refused Monday to revive a $300 million defamation lawsuit filed against CNN over its coverage of a prominent attorney’s remarks made while defending President Donald Trump during his 2020 impeachment.... [more]

• JPMorgan struggles to sell Sable Offshore loan despite 15% rate.... [more]

• Charter may be making ‘frenemies’ with SpaceX, and its stock is soaring. Shares of other telecoms are falling, as SpaceX’s Starlink has options to move into the wireless market. .... [more]

• More than half of social media child safety features aren’t working as advertised, new research finds.... [more]

• In San Francisco, Even $180,000 Tech Salaries Are No Longer Enough. As OpenAI and Anthropic prepare to go public, tech workers making six figures are grousing that they cannot compete with the new A.I. elite..... [more]

• The fight over FI's remote audience. Only 1% of Formula One fans will ever attend a race in their lifetime — and the brands, broadcasters and drivers scrambling to reach the other 99% are just getting started, industry leaders said.... [more]

• Luigi Mangione’s federal trial in the killing of UnitedHealthcare CEO Brian Thompson will now begin in January, a judge said Monday, delaying it from the fall..... [more]

• Andy Burnham vows to set up No 10 North as ‘nerve centre of rewired Britain’. UK’s likely next PM says Westminster system is ‘broken’ and he will oversee a devolution of power and resources.... [more]

• UK mortgage approvals fall by most since December 2023, Bank of England data shows.... [more]

• Consumer sentiment and the outlook for food inflation are set to be in the spotlight as supermarket giant Sainsbury’s updates investors next week. The retailer is expected to deliver further growth.... [more]

• British American Tobacco to cut 9,000 jobs.... [more]

• Once popular among young Chinese consumers, Danish affordable jeweller Pandora and Austria’s Swarovski have closed a large number of their mainland stores amid lost brand appeal, as shoppers now prefer high-end luxury goods.... [more]

• South Korea to invest $576 billion in AI chip production with Samsung and SK Hynix.... [more]

• Yen Hits 40-Year Low in Historic Slide That’s Rattled Japan.... [more]

• The Indian rupee lumbered in a thin band before ending modestly weaker on Monday as a decline in local ​stocks eroded the boost to market sentiment from gains in Asian currencies after ‌the U.S. and Iran agreed to halt recent hostilities..... [more]