Market Reports

• Australian Market Report: Australia’s sharemarket has had a dour start to the new financial year, dropping for the seventh time out of its past 10 sessions. The benchmark S&P/ASX200 index on Wednesday finished 55.8 points lower at 8722.9, a drop of 0.64%.... [more]

• U.S. Market Report: The benchmark S&P 500 and the blue-chip Dow turned positive ​on Wednesday as investors parsed U.S. Federal Reserve Chair Kevin Warsh's comments that inflation risks had eased..... [more]

• European Market Report: European stocks closed broadly lower on Wednesday with investors mostly staying cautious while watching the developments with regard to U.S.-Iran peace moves and focusing on speeches from prominent central bank officials.... [more]

• Asian Market Report: Asian stocks turned in a mixed performance on Wednesday as talks between the U.S. and Iran faced new hurdles, fueling inflation worries and increasing the likelihood of Federal Reserve interest rate hikes..... [more]

Australian Business News

• 6 money changes every Australian investor should know from today. Higher super caps, Payday Super and tax reforms are here. Here's what changed from 1 July - and what's coming next..... [more]

• How does the ASX 200 perform in July? July is quietly one of the market's best months, but the ASX 200 enters this one at a crossroad where the next move could go either way..... [more]

• The biggest monthly decline in home values in more than three years has been recorded as the housing market slowdown that began in Sydney and Melbourne spreads across the country..... [more]

• Auction clearance rates are sliding. Here’s what can happen when a home doesn’t sell.... [more]

• Australia’s national mortgage burden is heavier now than it was when lending rates reached 17% at the end of the 1980s, new analysis reveals. Terry Rawnsley, an urban economist at KPMG, said his research was in part a “myth.... [more]

• APRA stress test identifies super influence..... [more]

• Labor has teamed up with the Liberals to scuttle a bold attempt by the Greens to secure superannuation payments for under-18s. Treasurer Jim Chalmers left the door open on Tuesday to more than 500,000 teenagers being paid.... [more]

• 3 ways investors incorrectly perceive risk. It’s not just about volatility..... [more]

• Transport for NSW and the Reserve Bank have warned datacentres could take scarce land from logistics firms and housing developments, pushing up prices and overheating the economy, as calls grow for a national pause.... [more]

• Western Mines Group has encountered visible sulphide mineralisation in every hole drilled so far in its latest campaign at the company’s massive Mulga Tank nickel-copper-cobalt-platinum group elements project.... [more]

• Goldplat shares jump 6% as it flags results well ahead of forecasts.... [more]

• West Wits Mining has reached financial close on its US$53 million senior loan facility for its Qala Shallows gold project in South Africa. The close has enabled an initial drawdown of about US$20.5 million.... [more]

• St George Mining has landed its longest rare earths and niobium drill intercept to date at its Araxá project in Brazil, with a near-200m run from surface adding more heft to an already chunky critical minerals system..... [more]

• South32 Ltd (ASX: S32) shares are flying on Wednesday after the miner announced a major deal with Alcoa Corporation (ASX: AAI)..... [more]

• Forrestania locks in $310M to fuel dual WA gold hub strategy.... [more]

• 1414 Degrees achieves SiNTL battery milestone with ‘significant’ improvement over conventional graphite anodes.... [more]

• Reece Shares Slip as Overbought Rally Meets Valuation Reality.... [more]

• In an unprecedented move, Australia's consumer watchdog has exercised new powers to block the opening of a Coles supermarket, on the grounds it could knock out smaller competitors in the surrounding region..... [more]

• Vodafone a surprising winner in most trusted telco awards.... [more]

• The federal government is proposing massive changes to how global consulting giants such as PwC and KPMG operate in Australia, after a series of scandals that have undermined trust in a sector that plays a critical role.... [more]

• The KPMG whistleblower scandal has claimed another scalp, with Westpac board member and former KPMG partner Peter Nash stepping down from the bank effective immediately to limit.... [more]

World Business News

• UN launches "AI for Good" commission. A new UN-backed commission will bring top tech executives and heads of state to the same table to forge global solutions for AI, per an announcement shared exclusively with Axios..... [more]

• Is the U.S. jobs market getting better? June employment report to give us a heat check..... [more]

• US factory activity eases off four-year high; input prices remain elevated.... [more]

• U.S. Lifts Restrictions on Anthropic’s Most Powerful A.I. Models. The move allows Anthropic to bring its most powerful technologies back online, de-escalating a feud with the Trump administration..... [more]

• President Donald Trump took in nearly $1.2 billion from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses..... [more]

• Shares of Nike (NKE.N), rose on Wednesday as investors assessed CEO Elliott Hill's efforts to revive growth, though the sportswear giant's persistent sales ​slump in China and weak outlook continue to keep Wall Street on edge..... [more]

• CoreWeave, Nebius shares tumble as Meta stands to become a fresh threat in the cloud. Meta’s reported interest in monetizing its AI infrastructure is leading investors to question the sustainability of neocloud business models.... [more]

• French shipping company CMA CGM Group to buy FedEx’ logistics arm for $1.4B.... [more]

• Uber-backed Lime rides IPO wave to $1.73 billion valuation in Nasdaq debut.... [more]

• Rivian CEO frets about supply chain amid critical R2 launch.... [more]

• Guardant Health options trading jumps to 2,617 contracts.... [more]

• The U.S. Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve allegations that the companies illegally colluded for years to raise prices, including when the cost soared.... [more]

• Canada's GDP rebounds in April, posts 0.5% growth on monthly basis.... [more]

• Russia's Sberbank (SBER.MM), is set to lower ​its 2026 corporate lending growth forecast because of the worsening financial position of borrowers, ‌its finance chief said on Wednesday..... [more]

• EU urged to exempt UK from car rules that could be worst Brexit impact yet. Bloc’s ‘made in Europe’ regulations risk shutting out British manufacturers in ‘most spectacular own goal in history’.... [more]

• Up to 150 former WH Smith stores threatened by closure after restructuring approved.... [more]

• UK house prices stall for second straight month as agents warn of summer slump. Average price of typical home little changed at £277,484 in June, says Nationwide, while housebuilder shares fall.... [more]

• Halifax brand to be scrapped after 173 years on high street.... [more]

• Billionaire ​Michael Platt's BlueCrest Capital Management on Wednesday lost a near £200 million ($265 million), drawn-out battle ‌against Britain's tax authority, ending one of the most significant tax disputes.... [more]

• Lamborghini reveals new Urus performance hybrid SUV after ditching EVs.... [more]

• Will Budweiser Brewing’s China sales improve on back of AB InBev’s World Cup sponsorship? Goldman Sachs analysts say weak catering traffic is brewer’s biggest headwind, while “super premium” products are outperforming.... [more]

• BYD battery breakthrough crashes Indonesia’s nickel cartel dream.... [more]

• Singapore's BDx Data Centers said an initial public offering is among its options as it seeks capital to ​expand across Asia and make the most of surging AI ‌demand. "All options are on the table," CEO Mayank Srivastava said.... [more]

• Bank of Japan’s monetary monster is finally turning on its maker. As the yen staggers back to 1986 levels at around 162 to the dollar, the financial Frankenstein Japan began stitching together that same year is returning.... [more]

• Japan’s FX Chief Flags Contact With US, Intervention Impact.... [more]

• Farming worries after India records driest June in over a decade. India has recorded its driest June in 12 years, and the fifth-driest since nationwide rainfall records began in 1901, according to the country's weather department..... [more]