Market Reports

• Australian Market Report: The benchmark S&P/ASX200 index on Thursday finished 59.7 points lower at 8748.7, a drop of 0.7 per cent, while the broader All Ordinaries fell 61 points, or 0.7 per cent, to 8951.6..... [more]

• U.S. Market Report: U.S. stocks are turning in a mixed performance on Thursday with investors digesting a slew of crucial economic data and some corporate news, including earnings update from Micron..... [more]

• European Market Report: European markets closed on a firm note on Thursday, led by strong gains in the technology sector after U.S. tech major Micron reported stronger-than-expected earnings and raised its revenue forecast, renewing investor confidence.... [more]

• Asian Market Report: Asian stocks ended mixed on Thursday, with technology stocks rallying in South Korea and Japan as robust earnings from Micron and Qualcomm helped ease concerns over AI demand, elevated valuations and the sustainability.... [more]

Australian Business News

• Australia's unemployment rate slipped to 4.4 per cent in May, down from 4.5 per cent in April, in seasonally adjusted terms. Data show 40,300 extra people gained employment in May, and the number of unemployed people declined.... [more]

• Age pension income and asset test limits to rise next week.... [more]

• ASX 200 braces for confession season as profit downgrades roll in ahead of reporting season Confession season has arrived early and brutal this year. The warnings from retailers and Judo point to a weakening economy..... [more]

• The Australian Prudential Regulation Authority (APRA) has announced that it has started an investigation into the executive remuneration decision-making and processes of Diversa Trustees Limited..... [more]

• Kalgoorlie Gold Mining has made a savvy move into one of Western Australia’s most productive gold corridors, pegging a package of 15 tenements in the heart of the central Yandal Greenstone Belt..... [more]

• MinRes Shares Slide as Lucky Bay Mine Heads for Shutdown.... [more]

• Maritana Minerals is firing up the drill rigs in a massive 60,000-metre resource conversion program across four of its Western Australian gold projects to de-risk its mineable ounces.... [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]

• High-Tech Metals (ASX:HTM) is set to undertake further examination of the Mt Fisher project stockpile in WA after preliminary sampling confirmed the presence of gold mineralisation, with assays ranging up to 20.1 grams per tonne.... [more]

• Pacgold ramps up South Australian gold production with second pour.... [more]

• Andrew Forrest’s Fortescue is facing a class action lawsuit from female workers.... [more]

• Household electricity usage is forecast to almost halve over the next 25 years due to Australia’s booming adoption of rooftop solar panels and batteries, but overall grid demand could double because of businesses’ power usage .... [more]

• Janus Electric targets global heavy transport market with retrofit battery-swap strategy.... [more]

• Qantas will suspend direct flights between Alice Springs and Melbourne indefinitely and restrict its Darwin-Singapore service to "peak periods only", pausing the route between late October and June 2027, citing "falling demand.... [more]

• Judo shares crash 46% on shock downgrade, now at its cheapest valuation ever.... [more]

• Australian fashion designers faced with 'roadblocks' fighting fast-fashion duplicates. When fashion designer Jo Smith reached out for support after discovering her designs had been copied by Shein.... [more]

• ClearVue Technologies has cleared another key building-code hurdle after its full range of double-glass solar glazing was awarded the top Grade A safety classification under the main Australian and New Zealand standard.... [more]

• An Australian National Audit Office (ANAO) report into the Government’s new Scams Prevention Framework (SPF) has revealed the multi-million dollar costs it will impose on business initially, and ongoing..... [more]

• A scam victim has shed light on the devastating new way scammers are targeting vulnerable Australians, after they lost their entire life savings in the space of a 10-minute phone call with someone purporting to be from their bank..... [more]

• Comment - Tyger Fitzpatrick: Morningstar’s verdict on the 3 most popular ETFs. Our analysts’ takes on Australia’s largest ETFs..... [more]

World Business News

• Inflation topped 4% in May, but the worst may be over.... [more]

• Amateur investors are changing how the stock market works. That’s creating opportunities for those who know where to look. The rise of the retail investor is making the market less efficient — and AI is compounding the problem.... [more]

• Investors bet on AI again after Micron reports 346% sales jump. On Tuesday, investors were dumping AI stocks, worried that frothy valuations may be running away from reality. By Thursday, they were believers again..... [more]

• SpaceX (SPCX.O), plans to begin next month building an eight‑mile (13-km) natural gas pipeline called "Starpipe" to its Texas launch facilities, according to county filings, as Elon ​Musk’s company seeks to ramp up launches.... [more]

• Why is Google suddenly losing AI talent? The lure of pre-IPO equity is strong..... [more]

• Meta is planning to launch its own prediction market app to compete with companies like Kalshi and Polymarket in a booming sector that some analysts project could become a $1 trillion industry in the coming years..... [more]

• Micron joins rivals pitching AI deals as cure for memory's boom-bust cycle.... [more]

• Apple has hiked prices on some of its most popular products, including the MacBook and iPad, because of the rising costs of memory and storage chips sparked by the AI boom..... [more]

• TikTok and YouTube are reinventing sports viewership. Broadcasters are taking note.... [more]

• Ares Management (ARES.N), again capped withdrawals at its flagship private credit fund after redemption requests rose in the second quarter, according to a filing released Thursday..... [more]

• Merck stock hits 52-week high at 125.14 USD.... [more]

• The Supreme Court ruled Thursday that consumers can't use state courts to bring lawsuits against manufacturers that don't warn of hazards surrounding their products..... [more]

• Bayer’s stock jumps after Supreme Court sides with Roundup weedkiller manufacturer.... [more]

• Dating app Bumble (BMBL.O), is exploring a sale amid slowing growth in the online dating ​sector, according to three people familiar with the matter..... [more]

• UK pensions should be invested in UK companies, industry group says.... [more]

• Rachel Reeves’ ISA tax raid could be her final own goal as chancellor. Tax will be payable on cash held in an investing ISA, while the Lifetime ISA is getting a part-fixed rebuild..... [more]

• Pension tax relief worth more than £50bn should only be offered to savers who are prepared to invest in Britain, according to Andy Haldane, the president of the British Chambers of Commerce..... [more]

• Trainline names former Paddy Power owner’s chief as its new boss.... [more]

• Ryanair has changed its family seating policy, after Britain’s competition watchdog launched an investigation into the airline’s charges for parents to sit with their children. Europe’s largest airline said that as of Thursday.... [more]

• Ferrari's marketing boss has quit after 16 years at the company just weeks after a backlash over the launch of the supercar maker's first-ever electric car, the Luce..... [more]

• Credit Agricole's Caceis UK censured, pays $42 million to WealthTek clients.... [more]

• US artificial intelligence (AI) giant Anthropic has accused Chinese e-commerce and technology firm Alibaba of "brazenly" and "illicitly" extracting its Claude AI model's capabilities. I.... [more]

• China’s DeepSeek, fresh off agreements for a blockbuster fundraising, said it is working to at least double the size of all departments, as it steps up efforts to compete with domestic rivals and global leaders such as OpenAI.... [more]

• AI frenzy makes Asia ripe for a ‘chip wreck’. No one complains about holding a winning lottery ticket. By that logic, South Korea has nothing to apologize for.... [more]

• Trip.com Group, China’s largest online travel agency, says it expects second-quarter revenue growth to be the slowest in more than three years and warns of a “significant fine” from an ongoing antitrust probe.... [more]

• How Honda’s Pledge to Go All-Electric Unraveled. A derailed gamble led Honda to its first-ever annual loss and has intensified scrutiny over the future of its chief executive..... [more]

• Short bets on the Indonesian rupiah and the Indian rupee retreated from multi-month peaks, ​a Reuters poll showed on Thursday, as normalising oil prices and central bank measures to attract foreign capital eased ‌some pressure off.... [more]

• Kunal Shah: The Indian entrepreneur taking charge of WhatsApp.... [more]

• IMF suggests private audit for Senegal’s debt issues.... [more]

• Comment - Aki Ito: Meta culpa. Mark Zuckerberg is realizing there's a limit to ruthless efficiency. arly last year, Meta's chief technology officer, Andrew Bosworth, had a clear message for his staff. "You should quit if you feel that way,".... [more]

• Opinion - Robert Ross: SpaceX stock is a terrible buy — what that actually means for the bull market. Overhyped IPOs rarely make you money in the short term. That doesn’t mean it’s time to sell your stocks..... [more]