Market Reports

• Australian Market Report: Investors wiped more than $60 billion off the Australian sharemarket on Tuesday as the ASX posted its biggest fall since Donald Trump’s Liberation Day. The S&P/ASX 200 slumped 167.30 points, or 1.9%, to 8469.10.... [more]

• U.S. Market Report: Wall Street's main indexes hit one-month lows on Tuesday on concerns over lofty equity valuations and dimming prospects of a December interest rate cut, while investors awaited Nvidia's earnings and key government data.... [more]

• European Market Report: European stocks are seen opening on a cautious note Tuesday as concerns persist over tech valuations and the outlook for U.S. interest rates..... [more]

• Asian Market Report: Asian stocks tumbled on Tuesday as risk aversion intensified ahead of upcoming Nvidia earnings and a slew of U.S. economic data, including the delayed jobs report, which will be released almost seven weeks behind schedule.... [more]

Australian Business News

• Homeowners should brace for interest rates to stay on hold for many months as the Reserve Bank warns price pressure may be worse than previously thought. Minutes from the central bank’s November meeting released.... [more]

• The ASX 200 is getting smashed. Is the bull market over?.... [more]

• Gold vs. Bitcoin: Why the safe-haven debate is shifting in 2025 They both offer diversification, but gold’s stability in crises reaffirms its safe-haven status..... [more]

• Building wealth outside home ownership. As housing affordability continues to decline, many Australians are rethinking the traditional path to wealth..... [more]

• Viridis Mining and Minerals has secured the backing of one of the world’s leading export credit agencies, with Export Development Canada (EDC) offering to stump-up a maximum of US$100 million (A$153 million) in debt financing.... [more]

• Mining giant Rio Tinto will cut 180 jobs as it moves to scale back operations at Queensland’s Yarwun Aluminia Refinery in Gladstone..... [more]

• Advance Metals Limited has intersected new high-grade gold from the deepest diamond hole to date at its Happy Valley Deposit, within the company’s Myrtleford Project near Wodonga in the prolific Victorian Goldfields..... [more]

• Li-S Energy (ASX:LIS) has popped +5% on Tuesday, shaking off what is yet another brutal red day for the bourse, as the company confirms its receipt of a $7.8 million grant from Canberra’s renewables agency (ARENA).... [more]

• Shares in the ASX’s biggest pure play lithium miner have surpassed $4 for the first time in 18 months on the back of bullish predictions out of China. The Dale Henderson-led PLS added 13¢ on Tuesday to finish trade at $4.09.... [more]

• Lynas Rare Earths Shares (ASX:LYC) Upgraded To Buy on Exploration Upside.... [more]

• Rio Tinto pauses plans for $3.7b lithium mine but Serbians remain concerned.... [more]

• Auric Mining has delivered a thumping finish to the year, raking in $14.6 million in gold sales and banking $8.8 million in net revenues after milling and haulage costs from its Munda starter pit near Widgiemooltha in Western Australia.... [more]

• True North lands 7m at 7.9% copper hit in northwest Queensland.... [more]

• A workplace fatality has overshadowed BlueScope's annual general meeting in Wollongong, where shareholders and executives observed a minute of silence for the young man killed at the Port Kembla steelworks..... [more]

• Lab-testing giant ALS (ASX:ALQ) has overcome a downturn in drug-testing demand – notably in Mexico – to record a 12% profit boost for the first half to September 30..... [more]

• Down another 8% today: When will Droneshield shares finally hit the bottom?.... [more]

• James Hardie shares jump on ADR lift.... [more]

• Westpac’s chief executive Anthony Miller has slammed Facebook-owner Meta for allowing the illegal sale of bank accounts on the social media platform and for making billions of dollars in profits from adverts that promote financial scams..... [more]

• TPG Telecom reports triple zero death linked to Samsung handset.... [more]

• Optus has been fined more than $820,000 after scammers managed to dupe some customers out of up to $39,000 and steal their identities by exploiting a flaw in the telco’s third-party verification system..... [more]

• Owner of scandal-plagued Panthera Finance tells court it was not technically operating illegally in Victoria. Lawyers claim that because Panthera had ‘acquired’ the debts, it was not technically engaged in collecting debt.... [more]

• Opinion - Elizabeth Knight: The moment you will be able to hear a pin drop in global markets. The world is set to watch the most consequential announcement in sharemarkets this year..... [more]

• Analysis - Sarah Sharples: Australians left exposed as tough new anti-scam laws stall for months.... [more]

World Business News

• Bitcoin's 2025 gains have been wiped out as a sell-off rocks the wider crypto market.... [more]

• Great Bitcoin Crash of 2025 Has It Lagging Bonds, Gold and More.... [more]

• Three prominent investors with almost nothing in common are dumping their shares of Nvidia, the computer chip juggernaut that went from relative obscurity to the world’s first $5 trillion valuation in just three years..... [more]

• No firm is immune if AI bubble bursts, Google CEO tells BBC.... [more]

• Anthropic announced new partnerships with Microsoft and Nvidia on Tuesday that include a combined $15 billion investment by the tech giants in the AI developer..... [more]

• As Amazon raises $15 billion in a bond deal, investors worry about companies taking on too much AI debt.... [more]

• Bubble or breakout? Nvidia earnings put AI boom under the microscope..... [more]

• Google launches Gemini 3, embeds AI model into search immediately.... [more]

• Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two.... [more]

• National Public Radio will receive approximately $36 million in grant money to operate the nation’s public radio interconnection system under the terms of a court settlement with the federal government’s steward.... [more]

• Paramount preps $71 billion Warner Bros Discovery bid with Arab sovereign wealth funds.... [more]

• Warner Bros Discovery stock hits 52-week high at 23.23 USD.... [more]

• Netflix was the early leader in streaming. It’s been later to another crucial piece of the media playbook — merchandising and live events. The streamer has only recently begun adopting tried-and-true marketing methods.... [more]

• Kroger Co. said it would close some e-commerce fulfillment centers and expand partnerships with delivery companies, a shift in its digital strategy. The grocer said these efforts would result in impairment and.... [more]

• Amazon's Zoox launches robotaxi rides in San Francisco.... [more]

• A widely used Internet infrastructure company said that it has resolved an issue that led to outages impacting users of everything from ChatGPT and the online game, “League of Legends,” to the New Jersey Transit system early.... [more]

• Amazon, Google named by EU among 'critical' tech providers for finance industry.... [more]

• The bond markets could force Rachel Reeves to deliver a second budget if investors are disappointed by the chancellor’s fiscal plans next week, a City investor has warned..... [more]

• Bank of England Chief Economist Huw Pill said he expected the central bank to reduce the British government bonds it holds for monetary policy purposes to "very low" levels, though it could still retain gilts for other reasons..... [more]

• ExxonMobil is to close a chemicals plant in Scotland that employs hundreds of workers within months, blaming the decision on the UK government’s “economic and policy environment”..... [more]

• Rheinmetall to buy mostly European steel in future, says CEO.... [more]

• The value of online grocer Ocado has fallen sharply after Kroger, it’s major partner in the US, announced the closure of three warehouses using the UK company’s high-tech equipment..... [more]

• Foreigners turn net buyers of Asian bonds in October on improved growth outlook.... [more]

• Chinese internet search giant Baidu on Tuesday reported a 50 per cent increase in artificial intelligence-related revenue in the three months ended September from a year ago,.... [more]

• Xiaomi warns of higher smartphone prices due to surging memory chip costs.... [more]

• Alibaba Group Holding’s new multipurpose artificial intelligence consumer app, Qwen, has the potential to become China’s “super-app” in the AI era in the same way Tencent Holdings’ WeChat defined the mobile internet age,.... [more]

• Temu-Owner PDD Warns of Slowdown in Tough China Consumer Arena.... [more]

• Honda recalls 256,600 Accord Hybrids due to software error that may lead to loss of drive power.... [more]

• India's goods exports to the US rose for the first time in five months in October, jumping 14.5% from September, even as Donald Trump's steep tariffs remain in place..... [more]

• In 2025, US artificial intelligence (AI) giants have taken the Indian market by storm, seeking to capture its large consumer base, tap its deep reservoir of tech talent and make critical inroads with policymakers..... [more]