Market Reports

• Australian Market Report: The S&P/ASX 200 finished up less than 1 point at 8783.90, with seven of its 11 industry sectors in the green. The Australian dollar was trading at US69.60¢..... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq inched lower on Tuesday as chip ​stocks came under selling pressure while investors parsed a mixed bag of quarterly results, including those from big ‌US banks..... [more]

• European Market Report: European shares edged higher on Tuesday as oil prices eased and investors reacted to a slew of earnings..... [more]

• Asian Market Report: Asian stocks retreated on Tuesday, with tech stocks coming under pressure as warnings mounted around the AI trade..... [more]

Australian Business News

• ‘Clear and present danger’: fuel prices could rise by 30c a litre across Australia under IMF scenario. IMF’s World Economic Outlook shows how a worsening Middle East crisis could affect global growth and inflation.... [more]

• The International Monetary Fund has warned Australia will have some of the rich world’s highest inflation this year - hours after the Reserve Bank of Australia hinted it could raise interest rates to an 18-year high at its next meeting.... [more]

• Nationals leader Matt Canavan has rejected suggestions the Coalition’s plan for “net negative” migration would torpedo Australia’s population-growth-dependent economy,.... [more]

• Australian resource exports forecast to hit A$422 billion as AI reshapes commodity demand.... [more]

• Businesses are using the recent ban on credit card surcharges as “cover” to pass along much larger price increases to customers, experts say, as cafes and restaurants struggle to cope with climbing costs and rising interest rates..... [more]

• The major superannuation funds are claiming vindication for their prolonged campaign to achieve pay day superannuation, pointing to a more than doubling in monthly super guarantee (SG) payments into member accounts..... [more]

• How to pick a super investment option. How do you pick an investment option to achieve your retirement goals?.... [more]

• Lithium carnage: Why PLS has halved in four months as peers MinRes, IGO and Liontown tumble.... [more]

• Norfolk Metals has shaken up its board, installing new leadership to drive a strategic pivot towards becoming a significant copper player in Chile’s mineral-rich fields..... [more]

• Orbit Resources has fired the starting gun on a rare earths float for its Matrix Critical Minerals spin-off, which is seeking to raise between $8 million and $12 million to advance a significant project in New South Wales..... [more]

• Exultant Mining confirms 2.4km copper-zinc corridor with Watsons pXRF soil survey.... [more]

• Oil company wins tenders in Channel Country with supply to stay in Australia. Bridgeport Energy has been declared the preferred tenderer across an extra 270,000 hectares of land.... [more]

• WA Gold lines up nine opportunities for discovery at Bullabulling.... [more]

• Perth-based NeuroScientific Biopharmaceuticals has cleared a key regulatory hurdle for its planned phase two trial of its innovative StemSmart cell therapy in patients with treatment-resistant Crohn’s disease.... [more]

• Tesla has unveiled plans to build Australia's largest electric vehicle (EV) charging hub in Albury on the New South Wales–Victoria border. The tech giant has applied for a permit to build a $3.5 million, 37-car charging station.... [more]

• Megaport Shares Testing Momentum, After Sharp Pullback From Highs.... [more]

• Down 11% in a month: Is it time to buy Xero shares?.... [more]

• Codan shares (ASX: CDA) fell 6.04% to A$63.28 today, giving back a small slice of the best run on the ASX 200 this year. The CDA share price remains 118% higher YTD as the top performer on the index,.... [more]

• Australia’s largest egg supplier has been accused of engaging in “cartel” conduct, scrambling market competition and potentially inflating the price of a national breakfast staple..... [more]

• ‘Didn’t foot the bill’: Telstra outage cost the economy half a billion dollars, modelling finds..... [more]

• Comment - Anthony Doyle: Are Australians too pessimistic? It appears a lot of economic commentators woke up on the wrong side of the bed..... [more]

World Business News

• US Treasury yields may have further room to rise, with the ‌Federal Reserve likely to deliver one or two more rate increases before the current tightening cycle ends, Dan Ivascyn,.... [more]

• Wall Street’s biggest banks reported another strong quarter on Tuesday, as the U.S. consumer continues to pay their bills and businesses keep investing heavily in AI..... [more]

• JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum.... [more]

• The Forces Driving Up Bond Yields Take a Troubling Turn. Some analysts say investors are demanding a higher “term premium” to buy government debt, reflecting growing worries about debt levels and deficits..... [more]

• Why Meta is betting its future on computers you wear on your face.... [more]

• After months of anticipation and speculation, Apple is officially going all-in on the smart home with Apple HomeView. This $299 smart display is designed to be the center of your Apple household, allowing you to check on your security.... [more]

• UnitedHealth Group tops estimates, hikes profit outlook as insurer manages high medical costs.... [more]

• ‘Pharma Bro’ Martin Shkreli is in trouble with regulators again, this time for influencing biopharma stocks.... [more]

• Delaware jury awards Qualcomm $2 in damages, finds Arm breached license agreement.... [more]

• AI agent company Decagon is holding early M&A talks with ServiceNow, others.... [more]

• Grocery store chain Kroger said it will lay off 3,000 corporate employees over the next three years as it ramps up its use of artificial intelligence to streamline operations. “Technology is reshaping what’s possible,” CEO Greg Foran wrote.... [more]

• CVS Pharmacy Inc. and various subsidiaries have agreed to pay $315 million to resolve a Justice Department case alleging it unlawfully dispensed medically unnecessary prescriptions of highly addictive opioids, officials said Tuesday..... [more]

• European luxury firms have seen some $350 billion in value knocked off their combined market capitalizations this ​year, as hopes of a sector rebound have faded and ​weakness in key growth engine China has persisted..... [more]

• IMF raises UK growth forecast as economist says Healey should ‘stay the course’. Fund upgrades UK’s GDP growth forecast for 2026 to 1.3%, but says it is likely to edge down next year.... [more]

• Delaying difficult choices by John Healey at the Budget is "not the right approach", a prominent economic think tank has warned, as it urged the Chancellor to raise £8 billion in taxes to restore his halved fiscal buffer..... [more]

• UK high street bosses urge chancellor to cut cost of employing young people. Retailers call on John Healey to reduce national insurance contributions threshold in his first budget.... [more]

• Whitbread, the owner of Premier Inn, has scaled back planned hotel investments that would have created jobs due to UK tax increases, its chief executive has warned..... [more]

• Dating app Bumble has been bought for $1.3bn (£980m) in what the new owners called "a bet on the future of humanity". Investment firm Ithaca Holdings is taking over the loss-making firm and it directors.... [more]

• UK regulator FCA to publish whistleblower review in early 2027.... [more]

• Fortnite-maker Epic Games is making a "huge pivot" towards using artificial intelligence (AI) in its video game development, according to boss Tim Sweeney..... [more]

• King Fook expands with US$34 million Admiralty lease despite slow luxury sales: analysts.... [more]

• Blackstone (BX.N), backed data-center operator AirTrunk has postponed ​a planned Singapore REIT IPO that could raise about $1.5 ‌billion, two people with direct knowledge of the matter said.... [more]

• The Frontier Express: when Samsung gets money. The company now has the money to pursue memory, logic and packaging together and sustain expensive experiments.... [more]

• Billionaire banker Uday Kotak said India should allow its currency to find its own footing, arguing that uncertainty over policymakers’ intentions can keep markets guessing.... [more]

• Indian engineering research and development firm Tata Elxsi (TTEX.NS), reported a 10% rise in ​second-quarter profit on Tuesday, driven ‌by growth in its transportation and media segments..... [more]

• Karnataka to drop repeat GST notices in closed cases.... [more]