Market Reports

• Australian Market Report: The S&P/ASX 200 slipped 7.4 points, or 0.1 per cent, to 7963.7 at the close..... [more]

• U.S. Market Report: Stocks have moved sharply lower during trading on Wednesday, with the major averages adding to the modest losses posted in the previous session..... [more]

• European Market Report: European stocks closed lower on Wednesday as investors reacted to earnings announcements from U.S. tech majors and global financial institutions, and looked ahead to some crucial U.S. data.... [more]

• Asian Market Report: Asian stocks struggled for direction before closing mostly lower on Wednesday after the release of disappointing earnings from Tesla and Alphabet..... [more]

Australian Business News

• Australian house prices have risen for a sixth straight quarter, according to analysis by Domain. Over the June quarter, new record prices were set in Sydney, Brisbane, Adelaide and Perth..... [more]

• The Australian economy is in a precarious “fork in the road” moment and its prospects will likely hang on the outcome of next week’s all-important inflation reading and the Reserve Bank’s subsequent August meeting, Deloitte has warned..... [more]

• ASX reporting season calendar August 2024.... [more]

• Equity Trustees has welcomed the release of the Productivity Commission’s new report on philanthropy, Future foundations for giving, after confirming it distributed over $122 million in charitable funds in 2023..... [more]

• The ASX-listed fund manager separating itself from the pack.... [more]

• ‘What’s going on here?’: ASIC probes fast-growing private debt markets. Investors chasing higher interest rates and seeking exposure to the fast-growing private credit market in Australia may need protection.... [more]

• ANZ is embroiled in allegations it manipulated government bond sales – what exactly does that mean?.... [more]

• Australia’s largest independent lithium miner is preparing to boost output of the electric battery metal over the next year, even as prices languish around three-year lows amid a global oversupply and slower growth in electric car sales..... [more]

• GTI Energy follows up $2.25 million placement with rights offer for up to $2.295 million.... [more]

• Coming out of a trading halt, PEK has been further backed by US$2bn market-capped Chinese REE major Shenghe for a cool $96m.... [more]

• Gold Mountain has etched out a second intriguing rare earths patch at its Down Under project in Brazil.... [more]

• Paladin Energy Shares (ASX: PDN) Dip Post Update.... [more]

• Farmers want to force renewable energy developers to maintain the agricultural productivity of farming land with some fired up over the issue. At their annual conference in Sydney on Wednesday, NSW Farmers called for more control over renewable energy projects..... [more]

• Sustainable Timber Tasmania pays legal costs of protesters wrongly banned from state's public native forest reserves.... [more]

• Woolies denies sending spy after farmers oust employee.... [more]

• Flight Centre shares slips as its reveals more haircuts, retreats from revenue claims.... [more]

• Little Green Pharma (ASX:LGP) reports revenue increase in Q4 FY24.... [more]

• Antipodes seals deal to acquire Maple-Brown Abbott.... [more]

• Opinion - Stephen Bartholomeusz: Betting on autonomy: Investors are waiting for Tesla’s future to arrive.... [more]

• Analysis/Comment - Tristan Harrison: Why did the iron ore price just sink below US$100?.... [more]

• Opinion - Elizabeth Knight: How Flight Centre’s news on falling airfares became Qantas’ problem.... [more]

World Business News

• US new home sales fall to seven-month low in June.... [more]

• A software bug in CrowdStrike (NASDAQ:CRWD)'s quality control system caused the software update that crashed computers globally last week, the U.S. firm said on Wednesday, as losses mount following the outage which disrupted services from aviation to banking..... [more]

• 4 bullish signals are pointing to more stock gains ahead, according to Bank of America.... [more]

• AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%..... [more]

• Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire..... [more]

• BlackRock, Bitwise Investments and Fidelity have emerged as the early leaders among the US exchange traded funds that invest directly in ether, the world’s second largest cryptocurrency..... [more]

• Toymaker Mattel beats quarterly profit estimates on cost controls.... [more]

• Ford Motor is about to report earnings. Here’s what to expect.... [more]

• Tesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors..... [more]

• Bad news for passengers: Delta Air Lines canceled hundreds more flights early Tuesday morning, as the problems caused by last week’s global tech outage continued into a fifth day..... [more]

• The Bank of England on Wednesday set out details of a new financial stability tool that insurers and pension funds will be able to use during severe turbulence in the British government bond market..... [more]

• Thames Water breaches licence as part of its debt downgraded to junk.... [more]

• Britain's Foreign Secretary David Lammy has arrived in India for talks with ministers and business leaders. The visit is being billed as an attempt to reset Britain's relationship with the country and the Global South..... [more]

• The British monarchy steps up efforts to go green with solar panels on palaces and biofuel-powered Bentleys.... [more]

• Luxury brands suffer as Chinese shoppers hold back.... [more]

• China’s internet watchdog has named and shamed certain agents who were caught offering local access to ChatGPT, as US provider OpenAI blocked use of its artificial intelligence (AI) technologies on the mainland, Hong Kong and Macau..... [more]

• Nvidia said to launch new AI chip for China .... [more]

• A rapid move higher for Japan’s yen showed little sign of slowing on Wednesday, barreling through key levels against the US dollar and other peers..... [more]

• India's Jindal Steel posts smaller Q1 profit as general elections hits demand.... [more]