Market Reports

• Australian Market Report: Australia’s sharemarket has ended the session and the week lower. The S&P/ASX200 fell 61 points on Friday, down 0.7 per cent, to 8625.1, as the broader All Ordinaries also lost 61 points, or 0.68 per cent, to 8855.9..... [more]

• U.S. Market Report: Wall Street tumbled on Friday as semiconductors extended their ​selloff while a robust employment report fueled fears of a hawkish policy pivot from the Federal Reserve. All three major U.S. stock indexes were ‌in negative territory.... [more]

• European Market Report: European stocks closed weak on Friday as the mood remained largely cautious amid an escalation in tensions in the Middle East and news about Hezbollah rejecting the ceasefire agreement with Israel and launching fresh strikes.... [more]

• Asian Market Report: Asian stocks fell broadly on Friday, with South Korea and Japan leading losses due to heavy selling in major technology stocks..... [more]

Australian Business News

• Data may finally be breaking: RBA to pivot. The March quarter National Accounts might seem dated, having missed much of the drama associated with the oil price shock, RBA rate hike in May and of course the May Budget..... [more]

• One in four young Australians have crypto, 18 per cent have shares, Senate estimates told. Australians are increasingly turning to social media and artificial intelligence for financial information.... [more]

• LGT Wealth Management Australia COO, Michelle Inns’ determination to champion workplace gender equality and financial self-sufficiency for women through the delivery of more tailored advice received significant recognition.... [more]

• One Pass has been named Australia’s top-rated rewards program, overtaking Flybuys. A Canstar report found the membership, which offers Flybuys rewards, free delivery from certain shops and year-round returns.... [more]

• Sarytogan Graphite has begun bulk graphite purification trials in the United States after shipping concentrate samples from its massive graphite project in Kazakhstan to specialist processor American Energy Technologies Company.... [more]

• UN envoy warns Woodside's North West Shelf extension could violate human rights.... [more]

• BHP Shares Close Week Red, as Iron Ore Tests Key Levels.... [more]

• American West Metals has added rich veins of critical and base metals to its West Desert project in Utah, for the budget price of simply resampling its historical drill core at the emerging US play..... [more]

• Aureka Limited has hit the ground running at its flagship, 100 per cent owned Irvine gold project in Victoria, locking onto fresh, high-priority targets after sending survey drones skyward..... [more]

• Resolute Mining Shares at 2026 Low, As Pullback Reaches 30%: What Is Happening at RSG?.... [more]

• Emperor Energy (ASX:EMP) is finalising a number of key matters as it progresses plans for the drilling of Judith-2 appraisal well off the coast of Victoria..... [more]

• BHP drops case against MWM as proceedings turn to MinterEllison.... [more]

• Australia's greenhouse gas emissions have dropped, showing signs of a turning point in the country's most polluting sectors. Emissions are at their lowest point since the COVID pandemic shut down the economy, dropping 2.1 per cent.... [more]

• Australians can now apply for shares in the SpaceX IPO. Here's what you need to know.... [more]

• Animoca Brands and its affiliates have co-invested US$1 million in Superior.Trade, a protocol layer for agentic trading teams. The investment is the first under the Minds Investment Programme.... [more]

• Meta accused Australia of violating a free trade ⁠agreement with ⁠the US by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade..... [more]

• The mind behind Zinc Airlines, a proposed new domestic airline, says he has received interest from UAE investment groups since revealing plans for the ultra-low cost carrier..... [more]

• The Reserve Bank is distancing itself from KPMG, with Governor Michele Bullock confirming the bank will re-tender its whistleblower hotline service contract..... [more]

• Comment - Mark LaMonica: As passive investing surges and trading becomes faster and more reactive, fewer investors are focused on fundamentals which creates a bigger opportunity for those that are..... [more]

• Opinion - Tegan George: Australians would be $147 a week worse off today if Howard had implemented Taylor’s tax indexation.... [more]

• Comment - Dale Gillham: Is the $7.5 trillion SpaceX IPO a market crash warning?.... [more]

World Business News

• The U.S. adds 172,000 jobs. Many are in restaurants, bars and hotels.... [more]

• If the semiconductor rally loses steam, it’s retail investors who could get hurt the most..... [more]

• Anthropic warns that AI will soon be able to improve itself without human intervention. That’s why Anthropic is warning the AI industry: It needs to build a “brake pedal,” or companies risk losing control of their creations..... [more]

• Trump administration and OpenAI discuss potential U.S. equity stake.... [more]

• Big banks’ gloves come off in their fight with crypto. Even for Jamie Dimon, the banking titan who’s not known to mince words, it was a surprising shot across the bow when he described a fellow financier as.... [more]

• Boeing will begin building new 737 Max airplanes on July 6 at a final assembly line it’s opening north of Seattle, CEO Kelly Ortberg told CNBC on Friday..... [more]

• Marvell Technology options trading surges to 605,010 contracts.... [more]

• SpaceX said on Friday it has entered into a multi-year cloud services agreement ​with Alphabet's (GOOGL.O), Google, locking in computing capacity as it ‌prepares for its highly anticipated U.S. stock market debut next week..... [more]

• Elon Musk needs the cultish support of everyday investors to pull off the massive SpaceX IPO. ‘They’re going to have to own it’: Elon Musk wants retail investors to buy some $23 billion of SpaceX shares next week.... [more]

• SpaceX IPO running at two times oversubscribed, sources say.... [more]

• TerraVest stock plunges on insider tipping allegations.... [more]

• Lululemon cuts annual outlook, citing ‘negative’ media commentary and disappointing product launches.... [more]

• Tyco agrees to $10 million settlement with Wisconsin over PFAS water contamination. The manufacturer of a firefighting foam that contaminated the water supply in northeastern Wisconsin with PFAS chemicals.... [more]

• A proposed merger between two utility giants could have big implications for the future of nuclear power in New England.. NextEra Energy, the owner of New Hampshire’s Seabrook Nuclear Power Station.... [more]

• The difficulty of predicting energy prices during conflict in the Middle East makes it hard to give a ​steer on interest rates, Bank of England policymaker Swati Dhingra said on Friday..... [more]

• The owner of William Hill and the 888 online casino brand has agreed a £243m takeover by the Greek casino and lottery operator Bally’s Intralot. Evoke had been locked in talks for the past two months.... [more]

• Too many people face a "cliff-edge drop in income" when they retire, with more than three-quarters not on course to save enough for a "moderate" lifestyle, a pensions trade body has warned..... [more]

• Sberbank CEO says Russia's economic growth in current conditions is 'a miracle'.... [more]

• China Builds an Economic Fortress as Global Tensions Rise. Beijing says the changes are needed for national security, but they could complicate efforts by Chinese companies to find growth overseas..... [more]

• China is ramping up its bets on space-based artificial intelligence computing with the launch of a state-backed research institute in Beijing, accelerating a frontier tech race with the US.... [more]

• Beijing vows to retaliate as EU warns of China Shock 2.0. A record Chinese trade surplus and cheap exports are pushing the EU toward a historic confrontation with Beijing.... [more]

• China appoints Ding Xiangqun as head of financial regulator.... [more]

• The ai frenzy has made Zhongji Innolight, a supplier of optical modules to US hyperscalers, the biggest constituent of China’s stock benchmark, highlighting AI’s profound impact on the world’s second-largest equity market.... [more]

• India ramps up defence of faltering rupee after holding fire on rates.... [more]

• India’s Economy Faces Threats That Currency Band-Aid Can’t Fix.... [more]

• Foreign portfolio investment (FPI) debt inflows have accounted for 62 per cent of cumulative equity inflows into India since FY 1998-99.... [more]

• Pakistan to impose 1% tax on retail sales up to 200 million rupees.... [more]

• Opinion - George Monbiot: Horrific, unregulated, and very profitable. The companies making cash from England’s children in care. Councils are sending vulnerable kids to homes run by money-grabbing cowboys.... [more]