Market Reports

• Australian Market Report: The Australian sharemarket has finished higher for the day. The benchmark S&P/ASX200 index rose 15.5 points, or 0.18 per cent, to 8764.2 on Friday, while the broader All Ordinaries gained 12.6 points, or 0.14 per cent, to 8964.2..... [more]

• U.S. Market Report: The S&P 500 ended marginally lower on Friday, with a steep drop in AI-related chip stocks and sharp gains ​in Moderna and other healthcare stocks..... [more]

• European Market Report: European stocks closed broadly lower on Friday amid fresh concerns about valuations in the tech sector on reports OpenAI could delay its public market debut..... [more]

• Asian Market Report: Asian stocks declined on Friday amid a broad sell-off in semiconductor and artificial intelligence-related companies after Microsoft and Apple increased prices on some of their most popular products..... [more]

Australian Business News

• The expected reopening of the Strait of Hormuz helped push oil prices lower. Yet the recent disruption is a reminder of how the world's energy system remains heavily dependent on a few critical bottlenecks..... [more]

• Australian fuel prices are back to levels not seen since before the Iran war began four months ago, delivering much-needed relief to motorists as steep cuts in global oil costs continue flowing through to local service stations..... [more]

• Ranking three common retirement strategies. Converting a lifetime of savings into sustainable income is retirement’s defining challenge..... [more]

• Australian with retirement savings? You probably own SpaceX. Tech and AI stocks now make up as much as 12% of most balanced superannuation funds, experts say.... [more]

• Treasurer Jim Chalmers has conceded Labor’s sweeping reforms to the tax system could have a negative impact on businesses, amid fears the proposed concessions do not go far enough..... [more]

• Sydney and Melbourne record worst property auction clearance results in years.... [more]

• Housing tax changes make investing in a house in the regions more attractive than in the big cities, economists say. As transient mining and farm workers typically pay rents that are relatively higher.... [more]

• Negative gearing and house prices, plus a case study of the 1980s. House prices, which have stalled on RBA rate rises, could fall by 4-9% on tax changes, potentially reducing the peak in the cash rate..... [more]

• FSC research backs super platforms, choice.... [more]

• Weekend Wrap: Judo's 40% wipeout.... [more]

• Barkly Rare Earths has shifted from planning to paddock action at its flagship Northern Territory rare earths project, mobilising for a 10,000 metre phase one primary reverse circulation (RC) drilling campaign.... [more]

• Matsa Resources (ASX:MAT) has reported promising early results from a drilling program being completed by AngloGold Ashanti as per a tenement option agreement related to the Lake Carey gold project in WA..... [more]

• Critical Resources Ltd (ASX:CRR, FRA:9S70) earlier this week confirmed a high-grade tungsten system at the Granite Creek target within its Croesus Project on New Zealand’s South Island, with first-pass sampling.... [more]

• Iron Bear Resources has appointed former De Grey Mining chairman Simon Lill as non-executive chairman as it advances development of its flagship Canadian iron ore project..... [more]

• Maritana launches 60,000m drill blitz at WA gold hub.... [more]

• Coles Group shares (ASX: COL) head into the final two trading sessions of June at fresh record highs of A$24.41, riding a powerful wave of defensive sector rotation that has propelled the supermarket giant 12.3% higher.... [more]

• Tasmea shares (ASX: TEA) pulled back from an intraday high of A$9.95 on Friday, closing at A$9.57 as profit-taking emerged following a blistering 35% rally in June that has pushed the industrial services group’s year-to-date gains.... [more]

• ‘Biggest regret’: Retail pioneer finally reveals what he meant by cryptic post after Click Frenzy collapse. Grant Arnott, founder of Click Frenzy and Power Retail.... [more]

• Comment - Bronwyn Allen: Worried about retirement savings? You need 40% less than you think: report. Here is exactly how much you need in savings, and what it costs to live comfortably per year..... [more]

World Business News

• Wall St Week Ahead Jobs data, rate bets in focus as US stocks close solid first half.... [more]

• BofA warns the S&P 500 is flashing technical signals that a 'three-wave' stock correction is underway. Technical strategists at the bank said they see a cluster of signals that suggest the S&P 500 is heading into a corrective phase.... [more]

• While you might want to ignore all the hubbub around SpaceX, Elon Musk and IPOs, your 401(k) likely can’t. SpaceX is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street..... [more]

• BIS says debt, AI boom and fragilities raise global risks.... [more]

• Google has put limits on Meta’s (META.O), use of its Gemini AI ​models after the social media company sought more ‌computing capacity than the rival tech group could provide.... [more]

• Walmart heir Lukas Walton buys minority stake in the Chicago Bulls and United Center.... [more]

• Williams Cos. nears $5.5 billion Momentum Midstream deal.... [more]

• A ‘perfect storm’ points to a much smaller U.S. auto market by 2040. Ten years ago, a record 17.6 million cars, trucks and SUVs were sold in the U.S. Some forecasts say the country might not come close to that number again..... [more]

• Electric vehicle maker Polestar is being forced out of the American market due to its ties to China, following a decision by the US Commerce Department, the company announced Thursday..... [more]

• Micron is about to be more profitable than any U.S. company except Nvidia and Google. Big Tech companies are willing to pay astronomical prices for AI memory components, helping spark a dramatic turnaround in Micron’s finances.... [more]

• As people around the world tune into this summer’s World Cup, some of the brands generating the most buzz aren’t even official sponsors of the tournament. The list of official sponsors for this year’s World Cup.... [more]

• Geely Holding Group's (0175.HK), Lotus brand electric vehicles ​will arrive in Canada next month under an agreement between Prime Minister Mark Carney and Chinese President Xi Jinping,.... [more]

• Just how much trouble is Canada's economy in? Prime Minister Mark Carney has promised to reboot Canada's economy, building it into the "strongest in the G7"..... [more]

• Putin says fuel shortages hit Russian regions after drone strikes.... [more]

• The British public's expectations for future inflation continued to recede in June, according to ​a survey from U.S. bank ‌Citi and pollsters YouGov that should ease concerns at the Bank of England ​about persistent price pressures..... [more]

• ‘Financial pandemic’: £1 in every £11 spent on UK public contractors goes to private equity. Almost £24.4bn of government money went to private equity-run firms in year to April 2025,.... [more]

• Lidl is introducing a significant new hiring initiative across its UK operations, reserving a tenth of all interview slots at upcoming stores for individuals who have been out of work for at least six months..... [more]

• Sky makes £2bn spending pledge as it prepares takeover of ITV broadcasting arm.... [more]

• Commerzbank again asks investors to reject UniCredit bid.... [more]

• As the global artificial intelligence (AI) boom puts intense pressure on data centre energy grids, some Chinese chipmakers are betting on highly efficient silicon carbide (SiC) semiconductors .... [more]

• Bangladesh Prime Minister Tarique Rahman’s first four-day official visit to China yielded a predictable flurry of agreements spanning trade and green technology..... [more]

• India's debt market is not yet equipped to finance the country's next phase of economic growth and needs structural reforms to support rising long-term capital requirements, according to Deloitte's latest State of Financial Services.... [more]

• Byju's lenders seek 30% stake in Indian education group in settlement, sources say.... [more]

• Saudi Aramco helicopter crash kills 14 nationals.... [more]

• Opinion - Juliana Liu: Starbucks Korea Marketing Debacle Is Far From Over.... [more]

• Analysis - Elisabeth Buchwald: Trump threatened 100% tariffs on Europe. Here’s why nobody flinched. A year ago, when President Donald Trump threatened sky-high tariffs on nearly everything coming from everywhere.... [more]