Market Reports

• Australian Market Report: The Australian sharemarket fell sharply on Friday. The ASX dropped 136.2 points, or 1.6 per cent, to 8,416.50, with nine of the market’s 11 sectors falling..... [more]

• U.S. Market Report: Wall Street's main indexes gained on Friday as traders boosted bets on an interest rate cut by the Federal Reserve next month following remarks from policymakers, while technology shares steadied after a bruising selloff.... [more]

• European Market Report: European stocks closed lower on Friday amid renewed concerns about lofty tech valuations and a batch of weak regional economic data..... [more]

• Asian Market Report: Asian stocks followed Wall Street lower on Friday as a brief Nvidia-led rally faded and mixed U.S. jobs data left markets uncertain whether the Federal Reserve will cut interest rates in December..... [more]

Australian Business News

• Australia needs a major tax overhaul, including reintroducing a mining tax, lifting the GST and removing tax breaks, as the nation’s debt continues to grow. In its annual review of the Australian economy, the International Monetary Fund .... [more]

• A study has revealed the scale of China's lending for projects and activities in Australia, with money poured into everything from roads to supermarkets, wind farms and breweries — but mostly mining projects..... [more]

• Cbus launches ‘targeted’ campaign to bridge retirement info gap.... [more]

• Northern Minerals seeks to delay AGM after referring Chinese meddling concerns to FIRB.... [more]

• Infini Resources has wasted no time putting its fresh $12 million in capital to work, expanding drilling across its flagship Portland Creek project in Canada’s emerging uranium province in Newfoundland..... [more]

• Infini extends footprint in Canadian uranium hunt.... [more]

• Chris Ellison will remain in power at Mineral Resources (ASX:MIN) indefinitely after chairman Malcolm Bundey scrapped the “arbitrary deadline” the company had set, which would have seen Ellison step down by April next year..... [more]

• Redcastle Resources drilling to assess early Redcastle Reef mining.... [more]

• Liontown Resources (ASX:LTR) has seen its shares surge to a new high, propelled by the commencement of production at its Kathleen Valley Lithium Project and strategic funding initiatives..... [more]

• Industrial hemp is one of the most diverse agricultural products on the market, with uses in food, clothing and construction materials. Its potential has been the focus of a NSW government-initiated hemp industry roundtable.... [more]

• Orthocell (ASX:OCC) has seen its share price jump on Thursday as the company unveils its latest early-stage successes observed in Australian prostate surgery patients who use nerve repair product Remplir..... [more]

• Why Eminem is in a legal fight over an Aussie beach brand. A Sydney couple selling beach umbrellas are fighting an international legal battle with US rapper Eminem..... [more]

• Opinion - Colin Kruger: Crash and burn: How Australia’s $6b drone-killer lost the plot.... [more]

• Opinion - Lachlan Hughes: Why Xero won Australia, but will struggle in America. Xero won Australia by riding the shift to cloud. But in the US, Intuit’s scale, data and regulatory depth make it almost untouchable..... [more]

• Analysis - David Taylor: 'Buying the dip has become a dangerous sport' as nervous global share markets dive. Global financial markets are nervous. We know this because Wall Street's fear index, the VIX, surged 12 per cent overnight to 26 points..... [more]

• Comment - Mark LaMonica: How to generate returns out of thin air. Shannon’s Demon is a thought experiment which carries important lessons for investors..... [more]

World Business News

• Williams' comments boost odds of a Fed cut, though policy hawks remain adamant.... [more]

• Trump administration lends $1 billion to restart Three Mile Island nuclear reactor.... [more]

• Fears about the artificial intelligence boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report from Nvidia.... [more]

• Nvidia’s Profit Jumps 65% to $31.9 Billion. Is It Enough for Wall Street? The company, which makes the computer chips essential to the artificial intelligence boom, also said revenue in its recent quarter rose to $57 billion..... [more]

• After a brief reversal, Amazon.com seems to have returned to its status as a major “Magnificent Seven” laggard, with shares slipping back into negative territory for 2025. As of Thursday’s close, Amazon’s AMZN +1.79% stock was down 1% for the year..... [more]

• Tesla Sued Over Another Fatal Crash in Growing Scrutiny of Doors.... [more]

• Walmart delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it wins over a broad base of shoppers including cash-strapped Americans and the well-heeled.... [more]

• McKesson stock hits all-time high at 867.9 USD.... [more]

• Lilly becomes first drugmaker to hit $1 trillion valuation on weight-loss demand.... [more]

• Canada September retail sales down 0.7%; seen unchanged in October.... [more]

• Sterling treads water as data paints sombre picture before budget.... [more]

• Europe’s economy is “geared towards a world that is gradually disappearing”, according to a warning from Christine Lagarde that the EU needs reforms to spur growth..... [more]

• UK economy stumbles in run-up to next week's budget.... [more]

• UK government borrowing was higher than expected last month, according to the latest official figures. Borrowing - the difference between public spending and tax income - was £17.4bn in October,.... [more]

• Asos turns to AI stylists to win back shoppers after sales slide 12%. Online fashion retailer says action to cut discounts and deter ‘serial returners’ contributed to fall in sales.... [more]

• LVMH to Inject Up to €150 Million Into Struggling Le Parisien.... [more]

• The economic coercion risk in ASEAN’s growing dependence on China. China’s weaponized economic interdependence succeeds in making countries unwilling to take tougher stances in the South China Sea.... [more]

• Tech war: Huawei to open-source software tool to optimise AI chip use. Flex:ai pools and orchestrates processors to squeeze out more performance, company says.... [more]

• Taiwan has lifted all restrictions on food imports from Japan that were introduced after the Fukushima nuclear disaster in 2011, the Taiwanese and Japanese governments said on Friday.... [more]

• Philippine police will arrest 18 suspects in a major corruption scandal, president says.... [more]

• India's largest conglomerate Reliance Industries, owned by billionaire Mukesh Ambani, has stopped importing Russian crude oil for its export-only refining unit at Jamnagar in the western state of Gujarat..... [more]

• VinFast's quarterly loss widens on hefty spending.... [more]