Market Reports

• Australian Market Report: The S&P/ASX 200 finished 23.8 points, or 0.3 per cent, higher at 8011.9 points, kept afloat by energy and banking stocks and pulled lower by miners..... [more]

• U.S. Market Report: Wall Street's main indexes fell on Tuesday ahead of key inflation data later this week that could provide clarity on the extent of the Federal Reserve's expected interest rate cut, while a fall in the shares of big banks weighed on the markets..... [more]

• European Market Report: European markets ended weak on Tuesday, weighed down by losses in automobile, pharmaceutical and biotech sectors..... [more]

• Asian Market Report: Asian stocks ended Tuesday's session on a mixed note after the U.S. government proposed new sanctions on Chinese biotech firms..... [more]

Australian Business News

• Pessimism among Australian consumers has deepened further amid renewed concerns the economy may be heading for a harder landing with interest rates expected to remain at a 12-year high for the rest of the year..... [more]

• The latest monthly business survey from National Australia Bank has revealed a significant decline in business confidence during August..... [more]

• Treasurer Jim Chalmers has launched an extraordinary broadside at his Coalition counterpart for "weakness" in convincing his party to adopt reforms to the Reserve Bank..... [more]

• Westpac to shift gears on business banking, new CEO says.... [more]

• SMC wants super preservation cemented in law..... [more]

• The challenges of building a portfolio from scratch. The basics of building an investment portfolio. Here is a guide to do just that, as well as the challenges involved..... [more]

• Australia’s banking regulator has proposed lenders scrap the use of AT1 bonds in capital requirements, potentially becoming the first jurisdiction to phase out the securities that were wiped out after Credit Suisse’s collapse last year..... [more]

• Millennials are missing out on as much as an extra $50,000 in their retirement savings, as out-of-touch super funds don’t do enough to engage with young customers, the corporate regulator says..... [more]

• The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 36.... [more]

• Miners are being urged to lobby the Coalition to back a stripped-back Environment Protection Agency before Labor rushes off to cut a deal with the Greens..... [more]

• Pilbara Minerals Ltd (ASX: PLS) shares have extended their downtrend in September and are now down more than 40% this year..... [more]

• Galan Lithium has rung the till for AU$25 million from a placement and a rights issue to support the completion of the first phase of lithium production from its Hombre Muerto West (HMW) project in Argentina in 2025..... [more]

• An Aboriginal historian who helped convince Tanya Plibersek to block a $1 billion gold mine project in NSW had previously sought to have every waterway in the shire declared a protected heritage site..... [more]

• The Net Tangible Asset (NTA) value per share before tax for Hygrovest Ltd (ASX:HGV, OTC:MMJJF) increased to A$0.1097 during August, a 3% lift compared to the NTA before tax of $0.1062 a month earlier..... [more]

• Perth-based medical cannabis play Argent Biopharma (ASX:RGT) is confident of raising the bar on its potential treatment for epilepsy and seizures – about the only key indication for which medical pot has been approved by regulators..... [more]

• Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature.... [more]

• Murdochs’ real-life Succession stand-off: What you need to know. A blockbuster two-week trial to decide the future control of some of the world’s most famous news brands in the Murdoch family empire begins this week..... [more]

• The former director of investment business, Reiwa-Capital, has received a prison sentence to be served through an Intensive Correction Order (ICO) for dishonest conduct and mishandling of investor funds..... [more]

• Opinion - Stephen Bartholomeusz: Iron ore slump shows that China’s deflation risk is rising..... [more]

• Analysis - Ian Verrender: Why the Reserve Bank will be forced to cut rates before year's end. Until just a few weeks ago, it seemed as though the developed world had pulled off what once was thought to be the impossible..... [more]

• Comment - Carl Capolingua: Is the stock market about to crash? How to spot the next bear market in advance Stocks are sagging on recession fears, big trades gone wrong, and war..... [more]

• Opinion - Elizabeth Knight: Alarm bells are ringing once again in Murdoch land with yet another attempt launched to weaken the Murdoch family’s grip on its publishing empire, News Corporation..... [more]

World Business News

• Why oil prices have cratered to their lowest level in nearly 3 years.... [more]

• The stock market's long winning streak may be done for now, Wells Fargo said. The bank's strategists warned that stocks were unlikely to move significantly higher in the coming months and in their view, the market is "now fairly valued.".... [more]

• Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple with U.S. economic uncertainty, shifting Federal Reserve policy and a looming presidential election..... [more]

• The Federal Reserve's regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the projects and sparked divisions among the top federal banking regulators..... [more]

• The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power..... [more]

• JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses.... [more]

• Is Harris' tax plan going to hurt US corporate profits?.... [more]

• New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday..... [more]

• Nvidia stock is on track to double in coming years as AI follows the path of past tech bubbles, portfolio manager says.... [more]

• SEC charges Keurig Dr Pepper over claims about K-Cups’ recyclability .... [more]

• Apple launches iPhone 16 as it bets on AI future. Tech group seeks to put new tools at centre of its flagship smartphone in effort to entice customers.... [more]

• During its glossy product announcement event on Tuesday, Apple unveiled a new role for its latest AirPods Pro model: medical device. The company said the wireless headphones will double as clinical-grade over-the-counter hearing aids.... [more]

• Apple will hit a $4 trillion market cap in 2025 as the iPhone 16 sparks big upgrade cycle, Wedbush says.... [more]

• EU’s top court dismisses Apple’s final appeal against order to pay Ireland 13B euros in back taxes.... [more]

• Global trade disruptions could make it harder for the Bank of Canada to consistently meet its 2% inflation target, and it will have to balance the risks of controlling higher prices with ensuring economic growth,.... [more]

• Google hasn’t just illegally cornered the market in search — it’s squeezed online publishers and advertisers with a “trifecta” of monopolies that have harmed virtually the entire World Wide Web, the US Department of Justice said Monday.... [more]

• EU court rules Google must pay €2.4bn fine.... [more]

• UK state pension could rise by about £460 a year from April, wage growth figures suggest.... [more]

• Worn by Queen Elizabeth II, Naomi Campbell and Vanessa Redgrave among others, Burberry was for many years considered the height of British fashion. However, worries are now rising about the brand’s ability to hold on to its luxury image because of heavy discounting..... [more]

• German airline Lufthansa (LHAG.DE), is considering taking a stake in Latvia's state-owned carrier airBaltic ahead of its IPO, a source familiar with the matter told Reuters on Tuesday..... [more]

• BMW downgrades 2024 outlook over brake issues and weak demand in China.... [more]

• BMW shares fall to four-year low as recall of 1.5m cars announced.... [more]

• A deepening selloff in Chinese stocks is exacerbating a crisis of confidence in the world’s second-largest economy, heaping pressure on policymakers to halt the downward spiral..... [more]

• China's exports up solidly but slowing imports dim trade outlook.... [more]

• Alibaba founder Jack Ma urges business empire to remain steadfast, ‘believe in the future’. To mark the 25th anniversary of Alibaba’s founding, Ma called on all employees to overcome competitive pressure, despite various challenges.... [more]

• Sony reveals much more expensive and powerful PlayStation 5 Pro.... [more]

• Nomura Holdings (8604.T), is eyeing stronger revenue growth in trading, which could increase by as much as 30% over the next three years.... [more]

• US may block Indonesia nickel on forced labor issues. US Department of Labor report says China-invested industry riddled with abuse, potentially puncturing Indonesia’s EV battery aspirations.... [more]

• 'India is not closed for business from China but ...' External Affairs Minister S Jaishankar.... [more]