Market Reports

• Australian Market Report: The Australian sharemarket reversed early losses to close in the green, as oil prices headed for the longest losing run in 10 months on expectations that a US-Iran deal to reopen the Strait of Hormuz will unleash a wave of supply.... [more]

• U.S. Market Report: U.S. stock indexes wavered ​in choppy trading on Wednesday, as investors awaited the first interest rate decision under new Federal Reserve Chair ‌Kevin Warsh. The indexes have stalled after a sharp rally on Monday .... [more]

• European Market Report: European stocks closed slightly higher on Wednesday with investors largely making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement due later in the day.... [more]

• Asian Market Report: Asian stocks ended mixed on Wednesday ahead of the U.S. Federal Reserve's interest rate decision under new Chair Kevin Warsh later in the day and Friday's signing of the U.S.-Iran interim peace agreement..... [more]

Australian Business News

• Australia's financial industry needs to prepare for a "more shock-prone future" in the age of foreign interference and cyber attacks, a Reserve Bank official has warned..... [more]

• Franklin Templeton has warned that global market is drifting toward a more stagflationary environment as inflationary pressures intensify and growth diverges across major economic regions..... [more]

• Australian workers will find it harder to get their next role, as the jobs market continues to cool. In its latest report, employment site Seek said job ads fell by 0.8 per cent in the month of May for a 4.5% decline over the previous year..... [more]

• These 7 ASX tech stocks rated a Strong Buy (including two that could double). The SaaSpocalypse may be over for Australian tech stocks. Are these the ones to rebound?.... [more]

• Is SpaceX the wealth machine that investors have been waiting for? The record-breaking IPO has sparked a wave of excitement and accompanying products, but history tells a different story about the long-term prospects..... [more]

• What is the Impact of El Niño on ASX shares? (MIN, RIO, NAB, ORG).... [more]

• King River Resourceshas fired up a drone-borne magnetic survey over its recently acquired Mindoolah gold project in Western Australia to unveil the source of its eye-watering historical gold mineralisation with detailed new-age imaging..... [more]

• Critica is pushing ahead on its dual critical minerals strategy at its giant Jupiter rare earths project in Western Australia and its Mt Lindsay tin-tungsten asset in Tasmania..... [more]

• Golden Dragon Mining has made a strategic move to bolster its position in Western Australia’s prolifically gold-productive Murchison goldfields, lodging a new exploration licence application.... [more]

• St George Mining has locked in a jumbo $60 million capital raising to accelerate development at its world-class Araxá rare earths and niobium project in Brazil..... [more]

• Rinehart takes part in St George’s $60m rare earths push.... [more]

• Billionaire Gina Rinehart’s company Hancock Iron Ore is about to swing the axe on hundreds of mining jobs at its Pilbara operations to add another decade of life to its ageing mines..... [more]

• A new climate resilience plan released by the Northern Territory government has drawn fierce criticism from environment groups for prioritising the acceleration of gas extraction from the Beetaloo Basin..... [more]

• Hawk Resources on target for drilling program at Olympus scandium project.... [more]

• Titanium Sands Ltd (ASX:TSL) has started discussions with potential offtake and investment partners for its Sri Lankan heavy mineral sands project,.... [more]

• WA’s ASX-bound attack drone company, Innovaero, will use the proceeds of its proposed $40 million initial public offer to crank up production and crack offshore markets before the globe is saturated by wannabes..... [more]

• Why Flight Centre is rallying into an earnings downgrade.... [more]

• Direct flights between Sydney and London are set to take off from next year after Qantas unveiled the first route of its long-promised Project Sunrise..... [more]

• Australian fashion retailer Glue Store has announced its permanent closure. Earlier this year the company posted an $8.4 million loss..... [more]

• One of the world’s largest private equity firms, TPG Capital, has launched an investigation into the circumstances surrounding an alleged car crash involving the firm’s high-profile Australian boss and separate allegations raised.... [more]

• Two former Star casino executives have been fined a combined $1.1m for not doing enough to deal with money-laundering risks..... [more]

• ASX faces $20.5m penalty for failed blockchain-based system replacement.... [more]

• Talks between Jackie “O” Henderson and her former employers at KIIS FM have broken down, leaving the radio star headed toward a blockbuster October trial, with the matter due back in court for a hearing on Thursday..... [more]

• Kyle Sandilands has settled his dispute with ARN Media for a $12m cash payout and a promise it will help him launch a new media venture. The money is a fraction of the $85m the former radio host had been seeking.... [more]

• Opinion - Greg Jericho: The bleak view that unemployment needs to rise shows the RBA acts firstly in the interests of companies, not workers.... [more]

• Comment - Matt Grudnoff: The housing reforms are cooling investor demand and slowing the market. That’s the point..... [more]

• Comment - Aaron Teboneras: This major super tax break could disappear in days. Are you about to lose it? If you have any unused super contribution limits, you could be about to lose a valuable tax opportunity..... [more]

World Business News

• The ​Federal Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year ‌amid growing concerns about inflation lodged above the U.S. central bank's 2% target..... [more]

• A joint statement issued by ​the leaders of the G7 ‌group of the world's richest nations, meeting in France, pledged ​to stick to ​existing G7 exchange rate commitments, ⁠amid financial market turbulence ​linked to volatile oil ​prices..... [more]

• Retail investors have been buying more SpaceX shares than all of the ‘Magnificent Seven’ combined. SpaceX has been sucking up all retail trading activity from the stock market over the past few days.... [more]

• Artificial ‌Intelligence will lead to labour shortages, not the replacement of humans, Amazon (AMZN.O), founder Jeff Bezos predicted in a highly optimistic appearance at the VivaTech technology conference in Paris on Wednesday..... [more]

• The White House's move to restrict access to Anthropic's latest AI model - using what is known as export controls - could harm the long-term financial prospects of the entire U.S. AI industry..... [more]

• Wells Fargo raises year-end S&P 500 target on stronger earnings outlook.... [more]

• Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands..... [more]

• The company formerly known for its Allbirds sneakers has taken another step in its pivot toward becoming an artificial-intelligence company with a new name and CEO. On Wednesday, Allbirds formally completed the sale.... [more]

• Waymo is the clear robotaxi leader, but if you thought Tesla and Zoox were close to catching up, think again — it's actually three Chinese companies, according to a new database shared first with Axios..... [more]

• CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan.... [more]

• Ulta Beauty stock hits 52-week low at $451.89.... [more]

• AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 billion, and ​struck a deal with Amazon Web Services.... [more]

• Snap’s stock was extending its declines, as the weight of its new ultraexpensive augmented-reality glasses is seen as a potential ‘nonstarter for mass appeal’.... [more]

• Argentina logs $1.34 billion fiscal surplus in May.... [more]

• Euro zone negotiated wage growth appears to be slowing as predicted, European ​Central Bank data showed on Wednesday, offering policymakers ‌relief .... [more]

• UK inflation unexpectedly remained at 2.8% in May, as rising energy costs caused by the Iran conflict were offset by slower increases in food prices. The unchanged reading on the consumer price index measure of inflation (CPI).... [more]

• The online electrical goods seller AO World has revealed it is outsourcing up to 200 UK call centre roles to South Africa blaming rising labour costs, as it handed £20m to shareholders..... [more]

• Jaguar Land Rover has said it will make more hybrid cars as part of an effort to focus on growth in the US, as Britain’s largest carmaker further rowed back on the transition away from fossil fuels..... [more]

• France's economy is set for modest growth in ‌2026 as an oil price spike squeezes consumers, only partially offset by a rebound in industrial output, the national statistics agency INSEE said on ​Wednesday..... [more]

• The boss of Cadbury chocolate-maker Mondelez has defended its decision to continue doing business in Russia but admitted he is "not pleased" the firm's taxes are funding the war with Ukraine..... [more]

• Russian central bank says household inflation expectations fall to 12.4% in June.... [more]

• G7 Aims to See China Supply No More Than 60% of Rare Earths.... [more]

• China has onboarded a first batch of 26 domestic and overseas financial institutions to its integrated cross-border digital yuan payment platform, marking a further step in building out the digital currency’s payment infrastructure.... [more]

• A top Huawei executive's admission that the Chinese telecom company illegally conducted business ‌in Iran can be used in the upcoming U.S. trial against Huawei, according to a judge's ruling filed in Brooklyn federal court on Tuesday..... [more]

• Japanese government fair trade watchdog officials have raided six major ice cream makers on suspicion of price fixing. Tokyo-based Meiji Co. said in a statement Tuesday.... [more]

• Japan’s exports jump 17% in May, but it logs a deficit as imports surge.... [more]

• US President Donald Trump lauded Indian Prime Minister Narendra Modi and said that Washington and New Delhi were “very close” to finalizing a long-awaited trade agreement. “We’ve been there for a little while.... [more]

• India has secured protection for a majority of its steel exports to the UK under the India-UK free trade agreement, with 85% of outbound shipments remaining outside Britain's upcoming steel safeguard measures.... [more]

• India's largest bourse NSE files for IPO after years of regulatory delays.... [more]

• Africa’s clean energy projects face financing barrier from credit rating rules. Billions of dollars have been pledged for Africa’s clean energy transition, yet many renewable energy projects across the continent are still failing.... [more]

• Comment - Elisabeth Buchwald: With Iran war cooling, Trump is refocusing on tariffs. “Tariff” may be one of President Donald Trump’s favorite words. But since the war with Iran broke out, it has rarely been part of his vocabulary..... [more]