Market Reports

• Australian Market Report: The S&P/ASX 200 finished down less than 1 point at 8840.70, with seven of its 11 industry sectors in positive territory. The Australian dollar was trading at US69.96¢ in late afternoon, down 0.1 per cent..... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq ​slipped on Thursday as renewed weakness in chip stocks overshadowed an upbeat start to second-quarter earnings, while investors parsed fresh economic data for ‌clues on the health of the economy..... [more]

• European Market Report: After languishing in negative territory till about an hour before the closing bell on Thursday, a few markets in Europe managed to find some support in the final minutes to settle slightly above the flat line, while a few others ended weak..... [more]

• Asian Market Report: Asian stocks fell broadly on Thursday even as softer-than-expected U.S. inflation data eased concerns about near-term Federal Reserve interest rate hikes..... [more]

Australian Business News

• Labor’s capital gains changes could drive investment away from Australia, expert claims. Radical changes to Australia’s tax rules could have alarming unintended consequences for the entire nation, a finance guru has warned..... [more]

• Owning a home in Sydney has become a pipedream for many, with home ownership rates dropping to the lowest level in about 70 years. New research by accounting firm KPMG shows the city's home ownership rate dropped to 59.9%.... [more]

• Surviving the economic pressure test. According to Russell Investments’ mid-year outlook, investors have seen markets repeatedly pressure tested by geopolitical tensions, policy uncertainty, and shifting economic expectations.... [more]

• Netwealth gains as funds under administration hit record $135.7 billion.... [more]

• Own Vanguard ASX ETFs? It's dividend payday!. Vanguard will pay distributions to investors in VAS, VGS, VEQ, VHY, and other ETFs today..... [more]

• Are Australian investors too loyal? Australia is 2% of the world's share market. So why does your portfolio look like it's 50%?.... [more]

• Here’s three high-quality growth companies with wide moats. The Aussie market is in a cool down period with the ASX200 index up a meagre 2.7% for FY25-26..... [more]

• Lodestar Minerals (ASX:LSR) has today expanded its Virgin Mountain heavy rare earth project landholding by 40%, to 661 acres, following high-grade heavy rare earth rock chip assay results that came in up to 14.68% TREO..... [more]

• Record gold quarter for Ora Banda fuels 300koz ambitions in WA.... [more]

• Condor Energy (ASX:CND) is preparing the Piedra Redonda field offshore towards front end engineering design (FEED) and future project execution after completing a positive development concept and feasibility study..... [more]

• Redcastle Resources has had an incredible run and has now transitioned from explorer to active miner, with its capital light strategy bringing mining to fruition.... [more]

• Coal miners, activists rally as IPC considers Hunter Valley Operations extension. The livelihoods of thousands of families will be at risk if a major coal mine extension is not approved,.... [more]

• Huge step forward for major $3bn data centre set to be built in Sydney.... [more]

• A coalition of conservationists, artists and forest industry figures has called for an end to old-growth logging in Tasmania but major environmental groups have distanced themselves from the "shared vision statement",.... [more]

• AMP Shares Add 9.83% to Lead ASX 200: Here’s Why.... [more]

• Foxtel ups prices 10 days after announcing record NRL deal.... [more]

• How gambling regulation changes are reshaping risks and returns for investors. Regulatory shifts in the gambling sector are making risk assessment more complex for investors, especially as policy momentum accelerates..... [more]

• ClearVue Technologies has beefed up its boardroom firepower with the appointment of internationally recognised building-integrated photovoltaics (BIPV) specialist Professor Rebecca Yang as an independent non-executive director..... [more]

• The regulator examining the Telstra outage that left people unable to connect to emergency services had months earlier issued legal threats to a consumer group that published unflattering research about access to the Triple Zero.... [more]

• ASIC warns of sophisticated pump-and-dump scams targeting elderly Australians. The Australian Securities and Investments Commission has raised the alarm about a growing form of investment scams.... [more]

• Opinion - Kishor Napier-Raman: Is SpaceX a meme stock? Elon Musk loses trillionaire status.... [more]

• Opinion - Stephen Bartholomeusz: China’s economic divide is widening in era of protectionism. Growth is faltering and exports are threatened by increased protectionism, so Beijing is finally looking to its massive pool of consumers.... [more]

World Business News

• Oil ticks lower after three-day rally as Iran conflict keeps supply risks elevated.... [more]

• Diesel Hits $5 a Gallon Again, Up 33% Since the Iran War. U.S. diesel prices first surpassed $5 a gallon in March. Renewed fighting in the Persian Gulf and reduced refinery capacity are pushing up prices again..... [more]

• Spending at US retailers last month was weaker than expected, despite the World Cup drawing tourists from around the world and online sales events..... [more]

• Trump imposes 25% tariffs on Brazilian goods.... [more]

• President Donald Trump’s administration has worked to stop offshore wind development on the grounds that it’s a national security risk since late last year. It halted work on major projects, and it’s buying back leases,.... [more]

• Geopolitical tensions are rippling through America’s housing market, adding to the financial strain on homebuyers. This week, the average rate on a 30-year fixed mortgage climbed to 6.55% — its highest level in nearly a year.... [more]

• Here’s what to expect when Netflix reports earnings after the bell.... [more]

• Micron has turned into ‘the most important stock in the market.’ So is it time to worry? While investors are concerned about a memory peak, analysts say the stock still looks cheap relative to various earnings scenarios.... [more]

• Google Gemini Launch Delayed as Tech Falls Short of Internal Goals.... [more]

• Alphabet stock falls on report of Gemini AI model delays.... [more]

• Blockbuster earnings aren't good enough anymore in the AI trade. Chips are in the red again on Thursday, and investors are getting a grim peak at what earnings season may hold for AI hardware makers.... [more]

• Why the Pope wants to disarm AI ++audio only++.... [more]

• SpaceX bears are taking a victory lap as the stock struggles a month after the IPO.... [more]

• The dip in SpaceX's shares below its blockbuster IPO price of $135 a share is an ominous sign ‌for Elon Musk's internet and rocket company as it faces more potential volatility in early August.... [more]

• UnitedHealth Group on Thursday posted second-quarter earnings that blew past estimates and raised its full-year profit outlook, as the company better manages high medical costs and uses AI to help streamline operations..... [more]

• Uber in $15 billion deal for Delivery Hero to create global takeout giant.... [more]

• Donald Trump’s media company wants traders and investors to pay for “the fastest” access to posts from Truth Social accounts like the president’s own, which often moves markets. Trump Media & Technology Group DJT -0.73%.... [more]

• Warren Buffett may be retired, but Wall Street is still hanging on every word.... [more]

• United Airlines ’ second-quarter results came in ahead of Wall Street estimates, but billions of dollars in added fuel costs continue to weigh on earnings, the carrier said Wednesday..... [more]

• The Ben & Jerry’s Foundation says it will shut down at the end of the year after its corporate parent cut off funding and evicted its three staffers Wednesday. The move leaves $600,000 a year in grants to Vermont organizations,.... [more]

• Kalshi to allow bets on clinical trials, FDA decisions.... [more]

• Brazil's government raised its inflation forecast for this year to 5.1% on Wednesday ​from 4.5% projected in May, putting consumer prices ‌above the central bank's target of 3%, with a tolerance band of 1.5 percentage points.... [more]

• The European Central Bank will hold interest rates on July 23 but will hike for the second time this year in September as a renewed energy price surge raises the risk of more intense inflation pressures.... [more]

• Rise in energy and petrol prices due to Iran war holding back UK economy, OECD warns.... [more]

• Vodafone has settled a long-running legal claim filed by 62 of its former franchisees who alleged the mobile phone group “unjustly enriched” itself at their expense by up to £85m..... [more]

• British Steel has been taken into public ownership in a move the government said would protect jobs and safeguard "a vital national capability". The future of the steelworks, which employs roughly 2,700 people in Scunthorpe.... [more]

• Global hedge funds bet heavily against manufacturing stocks in June, data from Hazeltree ‌shows, as investors grew more concerned about supply-chain disruption from renewed tensions around the Strait of Hormuz..... [more]

• ‘Keys to the kingdom’: hackers who gained access to heart of London transport network jailed. Thalha Jubair, 20, and Owen Flowers, 19, sentenced to five and a half years each for cyber-attack that cost Transport for London £39m.... [more]

• Apple goes to war with the British designer of the iPhone. When Apple sued OpenAI last week, claiming the company behind ChatGPT had sought to steal its trade secrets, one name was conspicuously absent from the lawsuit..... [more]

• Chinese filing implies DeepSeek valuation of around $52 billion. Chinese luggage ‌maker Anhui Korrun (300577.SZ), said on Thursday a fund it invested in deployed 2.9 billion yuan for an indirect 0.8265% stake in DeepSeek.... [more]

• CXMT’s Blockbuster IPO 212 Times Covered for Retail Investors.... [more]

• China’s OnePlus bows out of Western markets as memory crisis hammers smartphone industry. The industry is staggering under a chip shortage that has dragged down shipments, forcing handset makers to recalibrate strategies.... [more]

• Japan to Buy Nvidia Rubin Chips to Build an AI for Robots.... [more]

• CEAT Ltd (CEAT.NS), missed quarterly profit estimates on Thursday as rising raw material prices weighed on the ​Indian tyre-maker's margins, offsetting benefits from price hikes ‌undertaken by the company during this period..... [more]

• Aiming to reduce dependence on imports and overseas supplies, India is looking to give a fresh push to its domestic manufacturing plans. The government is preparing to strengthen domestic manufacturing.... [more]