Market Reports

• Australian Market Report: The ASX dropped 136.2 points, or 1.6 per cent, to 8,416.50, with nine of the market’s 11 sectors falling..... [more]

• U.S. Market Report: Stocks showed a lack of direction early in the session on Friday but moved notably higher over the course of the trading day. The major averages all showed strong moves to the upside.... [more]

• European Market Report: European stocks closed lower on Friday amid renewed concerns about lofty tech valuations and a batch of weak regional economic data..... [more]

• Asian Market Report: Asian stocks followed Wall Street lower on Friday as a brief Nvidia-led rally faded and mixed U.S. jobs data left markets uncertain whether the Federal Reserve will cut interest rates in December..... [more]

Australian Business News

• The end of the longest U.S. government shutdown in history allows the release of backlogged economic data. Central to our current risk-on stance is a cooling labor market giving the Federal Reserve room to cut rates. .... [more]

• It’s probably a bubble, but there is plenty else to invest in. AI looks like a classic investment bubble.... [more]

• The Australian Prudential Regulation Authority (APRA) has provided a glimpse of the early results of its stress testing of Australian financial markets revealing just how they would cope with a severe shock in financial markets and.... [more]

• Buyers' advocates criticise Victorian auction law requiring reserve prices to be advertised.... [more]

• Silver demand expected to fall in 2025 … but experts say the bull thesis remains intact.... [more]

• Mum and dad shareholders of WA’s iron ore majors are having their dividends “sacrificed on the green altar” in the name of net-zero targets, according to Gina Rinehart. Mrs Rinehart said only one in five Australians want net-zero.... [more]

• New Frontier Minerals Ltd (ASX:NFM) flagged that a fundraise is in the offing, as it requested the suspension of its ASX quote..... [more]

• Heavy rare earths hopeful Northern Minerals wants to postpone its annual general meeting on suspicion Chinese investors have defied Treasurer Jim Chalmers’ orders to sell their shares..... [more]

• Advance Metals (ASX:AVM) has recommenced its drill run on-site the Mexico-based Yoquivo silver & gold project where the bits are now spinning once again, targeting lateral and depth extensions to pockets of known mineralisation.... [more]

• The key backers of Wiluna Mining have rejected Mark Creasy’s bid to snap up the collapsed gold producer in favour of a stock exchange rebirth..... [more]

• Cobalt Blue to process Black Mass at BHTC.... [more]

• Sonic Healthcare (ASX: SHL) shares experienced a significant rally following its Annual General Meeting (AGM), buoyed by robust FY25 financial results and a positive outlook..... [more]

• How high could the bidding war for Webjet go? Two companies have lobbed takeover bids for Webjet, but analysts believe yet another could enter the bidding war..... [more]

• Alterity Therapeutics has announced a series of board changes ahead of its AGM today, positioning the biotech for its next phase of growth as it moves toward phase III clinical development..... [more]

• WiseTech cops pay strike as board downplays AFP raid.... [more]

• In a wide-ranging interview, billionaire James Packer has slammed former Victorian premier Dan Andrews and has taken aim at gambling regulators in Australia for trying to bankrupt the local casino industry..... [more]

• The saying “if it sounds too good to be true it probably is” seems more pertinent than ever as experts warn of a huge rise in online shopping scams costing Australians millions of dollars..... [more]

World Business News

• No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says.... [more]

• The A.I. Boom Is Driving the Economy. What Happens if It Falters? A windfall for companies that build data centers and their suppliers is overshadowing weakness in other industries..... [more]

• Last month, circularity became the word keeping investors up at night, with investors haunted by visions of Big Tech's complicated web of circular dealmaking creating outsize risk for markets. Enter a new boogeyman: depreciation..... [more]

• US manufacturing slows in November as high prices curb demand.... [more]

• A strong year for initial public offerings on Wall Street has fizzled out due to the government shutdown and a cautious turn by investors. Many IPOs targeted for the end of this year will likely be pushed into next year.... [more]

• Meta buried ’causal’ evidence of social media harm, US court filings allege.... [more]

• Client data for JPMorgan Chase (JPM.N), Citi (C.N), Morgan Stanley (MS.N), and other major banks may have been accessed in a hack of a technology vendor,.... [more]

• Retailers try to downplay worries about lower-income shoppers, as bargains reign supreme.... [more]

• Kohl’s Corp. is expected to name Michael Bender as its permanent chief executive officer as early as Monday, according to a person familiar with the matter..... [more]

• Pinterest is leaning hard into AI. The strategy is alienating its most dedicated users.... [more]

• BHP Group has made a fresh takeover approach to Anglo American Plc in a move to disrupt the London-listed miner’s combination with Canada’s Teck Resources Ltd., the latest twist in a wave of consolidation sweeping the industry..... [more]

• Nevada gaming regulators voted to fine Caesars Palace $7.8 million Thursday over failing to comply with anti-money laundering rules, settling a case that centered on an illegal bookmaker with ties to the former interpreter.... [more]

• Brazil cenbank to offer $2 billion in dollar auctions with repurchase deal on Monday.... [more]

• Global ratings agency Moody's affirmed the United Kingdom's Aa3 rating on Friday, citing the significant credit strength of the world's sixth-biggest economy and the government's commitment to reducing the large budget deficit..... [more]

• Rachel Reeves has promised to “grip the cost of living” in the budget as she prepares to scrap the two-child welfare limit and freeze rail fares, while putting forward a multibillion-pound tax-raising package..... [more]

• UK government borrowing was higher than expected last month, according to the latest official figures. Borrowing - the difference between public spending and tax income - was £17.4bn in October,.... [more]

• Keir Starmer has announced a critical minerals and rare earths strategy to build resilience against China, which has a stranglehold on supplies of materials including magnets critical to everything from car doors to fridges..... [more]

• Daily Mail owner strikes $650 million deal to buy the Telegraph.... [more]

• Bayer Stroke Drug Meets Trial Goal After First Hitting Roadblock.... [more]

• Indonesia’s Jakarta–Bandung high-speed rail, known as Whoosh, was launched as a statement of national ambition—proof that Southeast Asia’s largest economy could adopt cutting-edge transport infrastructure..... [more]

• Ant Group’s new “vibe coding” artificial intelligence app LingGuang has overwhelmed servers after user downloads surpassed 1 million in just four days, hitting the milestone faster than OpenAI’s ChatGPT and Sora,.... [more]

• BOJ close to raising rates, board member Masu says.... [more]

• The Takaichi cabinet approved a 21.3 trillion yen (US$136.25 billion) stimulus package on Friday (November 21) that includes a 17.7 trillion yen ($113.21 billion) supplemental budget..... [more]

• Singapore authorities raided a car loan company that borrowed from a firm connected to Prince Holding Group, as the net widens on those linked to the alleged scam organization and its chair Chen Zhi..... [more]

• India's Axis Bank to raise up to $559 million via private debt placement.... [more]