Market Reports

• Australian Market Report: The S&P/ASX200 fell 27.1 points on Tuesday, down 0.31 per cent to 8803.9, as the broader All Ordinaries lost 32.3 points, or 0.36 per cent, to 9004.7..... [more]

• U.S. Market Report: Stocks have moved mostly lower during trading on Tuesday, giving back ground following the strength seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the way..... [more]

• European Market Report: European stocks closed mostly lower on Tuesday as a sell-off in technology sector amid valuation concerns and worries about renewed tensions in the Middle East following attacks on two commercial vehicles in the Strait of Hormuz.... [more]

• Asian Market Report: Asian stocks declined on Tuesday as investors rotated out of AI chip stocks on doubts over the sustainability of the AI boom..... [more]

Australian Business News

• Fears of a recession have fallen away, with economists saying that Australia is set to safely navigate the biggest global oil supply shock in history even as they warn of sub-standard growth in the year ahead..... [more]

• Australian households coughing up an extra $350 a month to cover the mortgage are likely to cop one more interest rate hike this year and not see cuts until late-2027, one of Australia’s big four accounting firms says..... [more]

• Why Yarra's Darren Langer believes Australian bonds offer a rare combination of attractive income, portfolio defence & compelling value..... [more]

• ‘Could be a risk’: AI craze fuels double-digit return for super funds. Superannuation giants do not believe the artificial intelligence craze has created a sharemarket bubble, but they acknowledge the risks posed.... [more]

• BlackRock has revealed its approach to investing in artificial intelligence (AI) in its 2026 Midyear Global Outlook saying it looks beyond regional labels to target AI bottlenecks and enablers, plus durable income.... [more]

• 10 ASX gold stocks the experts recommend to buy right now. Gold has steadily lost momentum since hitting a record high of US$5,598/oz in January.... [more]

• Newcastle's historical steel-making identity is set for a rebirth, with an Australian company proposing to build a zero-emissions steel mill on the old BHP steelworks.. Greensteel Australia says it has a 70,000-square-metre site.... [more]

• The owners of a near-$1 billion Greenbushes lithium plant caught up in a fire last month have sidestepped claims the facility’s main conveyor belt was destroyed, with a repair timeline still yet to be revealed..... [more]

• Mineral Resources shares (ASX:MIN) fell 5.56% today to close at A$60.95, leaving holders questioning whether the 18% pullback since the start of June is the start of a larger move, or a bump in the road following an almighty rally..... [more]

• Perth mining major Lynas Rare Earths inks deal for magnet factory in Malaysia.... [more]

• Lynas rare earths supply deal could strengthen growth outlook.... [more]

• Rogue Chinese-linked shareholders in Northern Minerals face a showdown with Federal Treasurer Jim Chalmers after they ignored another order to quit large holdings of shares in the taxpayer-backed rare earths hopeful..... [more]

• Manhattan Gold Corporation (ASX:MHC) has completed a high-resolution LiDAR and orthophoto survey and channel sampling at the Hook Lake project as it accelerates exploration at the Canadian project..... [more]

• A rare stretch of production consistency has continued at Bellevue Gold’s eponymous mine in WA’s Goldfields region, with the company delivering full-year volumes within its guidance range..... [more]

• Firmus strikes power deal to fuel regional AI expansion.... [more]

• Australian employees of Microsoft will be caught up in the technology giant's latest round of global lay-offs, ABC News understands. Microsoft announced it would cut 4,800 jobs, or ​about 2.1 per cent of its global workforce..... [more]

• WiseTech shares rise after Richard White resigns as executive chair amid police investigation. Rise in share price adds nearly $1bn to tech giant’s market value while White continues on as a board director and chief innovation officer.... [more]

• Collins Foods (ASX.CKF) reported underlying net profit after tax from continuing operations of AUD 61 million for fiscal 2026, up 13% year on year. Low-single-digit same-store sales growth and new store openingshttps://www.morningstar.com.au/stocks/asx-restaurant-chain-remains-cheap.... [more]

• Qantas contacting more than 1 million customers over class action eligibility.... [more]

• Opinion - Elizabeth Knight: Billionaire Richard White is now more a liability for WiseTech than an asset. While he remains on the board as an executive director, the company’s independent board has effectively only half killed the king..... [more]

• Opinion - Bronwyn Allen: Up 80% in 2 years with a 15% dividend yield, expert says sell this ASX ETF now.... [more]

• Opinion - Alan Duncan and Steven Rowley: Australia’s housing market is cooling. Perhaps our expectations should too.... [more]

World Business News

• U.S. revokes Iran oil sales authorization after tanker attacks.... [more]

• US airlines fuel bills rose by $3 billion in May.... [more]

• SpaceX is set to officially join the Nasdaq 100 index on Tuesday, giving investors new exposure to the stock while triggering billions of dollars in automatic purchases by index funds..... [more]

• Anthropic says Claude has carved out its own space to ponder. Anthropic said Monday that it has identified a small internal workspace.... [more]

• AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's(NVDA.O), new central processing units, ​as the chip giant works to broaden its market ‌and take on entrenched players such as Intel (INTC.O),.... [more]

• Wall Street is increasingly entertaining the possibility of a merger between Elon Musk’s biggest companies, even if it wouldn’t necessarily be easy to pull off..... [more]

• Tesla is selling new summer-y gear to existing owners. The EV maker recently updated its online shop with a collection of in-car summer accessories and lifestyle gear.... [more]

• Rivian Automotive stock plunged nearly 15% during midday trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock..... [more]

• A month after U.S. regulators brought a lawsuit against cryptocurrency exchange Kraken in 2023, the exchange's auditors quit, according to court records. Now Kraken's parent company is suing its former auditors at Mazars USA.... [more]

• Stellantis to sell small Fiat Topolino EV for $13,995 in U.S..... [more]

• Canadian economic activity expanded at ​a slower pace in ‌June as measures of employment and prices fell, Ivey Purchasing ​Managers Index (PMI) data showed ​on Tuesday..... [more]

• UK debt will grow ‘explosively’ if not addressed by governments, warns OBR. The OBR set out the findings from a series of forecasts in the latest annual fiscal risks and sustainability report..... [more]

• John Lewis has put 200 jobs at risk as it plans to shut down desks operating gift wrapping and foreign exchange services. The 36-strong department store chain.... [more]

• France's debt burden at risk of snowballing ahead of 2027 election.... [more]

• Getty Images notified Shutterstock on Tuesday that it’s scrapping plans to combine the companies in a $3.7 billion deal because it didn’t want to comply with a key condition laid out by Britain’s antitrust regulator..... [more]

• Marks & Spencer is investing in refrigeration equipment that can cope with weather as hot as 45C as the climate crisis is expected to drive regularly higher temperatures in the UK..... [more]

• Norway wealth fund enters strategic partnership with Asana Partners in the US.... [more]

• Can China repeat its EV success with robotaxis? In Beijing's Yizhuang district, driverless vehicles have become a common sight..... [more]

• Chinese AI Startup DeepSeek Developing Own AI Chip.... [more]

• China’s central bank extended its gold-buying streak to a 20th straight month in June, adding 480,000 troy ounces (14.93 tonnes) to its reserves as policymakers continued to accumulate bullion amid de-dollarisation discussions..... [more]

• Japan’s yen pain is Southeast Asia’s economic gain. Lower debt costs, rising Japanese investment and cheaper travel are handing Southeast Asia outsized economic dividends.... [more]

• Samsung profits jump 1,800% as AI chip sales soar.... [more]

• South Korean shares tumbled on Tuesday, with the benchmark index triggering a temporary ‌trading halt, as chipmakers slumped on doubts over whether record earnings tied to AI could hold up..... [more]