Morning business roundup
Join over 8,000 subscribers who receive markets and economic news delivered straight into their inbox every morning.
By subscribing to the Morning Business Roundup you acknowledge that your email address will be provided to a third party for the purposes of supplying this service. To understand how we handle your personal information, refer to Netwealth’s Privacy Policy, or contact us via contact@netwealth.com.au.
Australian Market Report: The S&P/ASX 200 rose 66.6 points on Monday, up 0.76 per cent, to 8783.2, as the broader All Ordinaries gained 59.3 points, or 0.67 per cent, to 8937..... [more]
U.S. Market Report: US stock indexes were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week.... [more]
European Market Report: European stocks traded higher on Monday, after having recovered from four-month lows in the previous session on U.S. President Trump's remarks dismissing speculation of pre-midterm military action against Iran..... [more]
Asian Market Report: Asian stocks turned in a mixed performance on Monday, with South Korean stocks falling sharply due to worsening investor sentiment in the semiconductor sector on growing concerns over the AI industry in the U.S..... [more]
Australia will not get a “second chance” at a free-trade deal with the EU, Trade Minister Don Farrell has warned, as sources say the Coalition will move to scupper the $10bn-a-year agreement clinched in March..... [more]
Nearly 80,000 older Australians are expected to dump their private health cover by the end of the decade as a result of the federal government's controversial proposed changes..... [more]
The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 42.... [more]
Earnings, AI and the two-speed economy. As stocks hit new record highs and bond yields climb, we break down why markets are defying logic - and where to position your portfolio..... [more]
More part-time bosses and co-CEOs could keep women in leadership and narrow Australia’s pay gap. Uneven caring responsibilities combined with a lack of flexible work options have prevented women from staying in senior positions.... [more]
Australian businesses are “still only scratching the surface” of artificial intelligence’s (AI’s) potential, leaving the nation lagging in AI integration compared to its regional counterparts according to a new report from CPA Australia..... [more]
Marmota has wrapped up a massive 32,085-metre reverse circulation (RC) drilling campaign at its Greenewood and more recently defined Mainwood gold discoveries.... [more]
Critical Resources has landed management on-site in Suriname to fast-track due diligence across two recently secured gold projects, giving the company a rare ASX-listed foothold in a jurisdiction.... [more]
Horizon Gold has unleashed a volley of high-grade gold hits from recent drilling at its sprawling 100 per cent-owned Gum Creek project in Western Australia’s Murchison region, headlined by a stunning 44-metre intersection.... [more]
Capstone Copper Shares Slip Below Key Moving Average.... [more]
Ballard Mining gains $45m backing ahead of Mt Ida decision.... [more]
King River Resources has kicked off its largest-ever drilling program, launching a massive 11,000-metre reverse-circulation (RC) campaign at the company’s historically mined Mindoolah gold project.... [more]
Buru Energy sends gas project for EPA approval, saying it could power northern WA by 2029.... [more]
Rent-tech platforms sidestepping credit card surcharge ban with new fees and paid ‘memberships’. Tenants encouraged to seek free options after online property platforms respond to Reserve Bank’s credit card payment reform.... [more]
BIG W rolls out rapid delivery to millions as 35,000 products land on DoorDash.... [more]
With the ASX in a better mood, 4D Medical climbs 7% back to $4.30/sh.... [more]
Zip Co Shares Looking To Turn A Corner.... [more]
‘Totally Vile Shambles Network’: TVSN faces legal demands after $40m rescue bid fails.... [more]
Global consulting giant McKinsey & Co has dumped senior Australian partner Chris Bradley from his leadership role at the firm’s research arm after he posted online comments questioning the uphill battle female executives face.... [more]
Opinion/Analysis - Tyger Fitzpatrick: Investor Playbook: 3 simple questions to ask before buying your next investment. A portfolio first framework for evaluating new opportunities.... [more]
Opinion - Chris Zappone: Greg Norman just took a bite out of Qantas. Does he have a point?.... [more]
Comment - Laura Stewart: The real winners of the Firmus fiasco. Often plagued by the winner's curse, this group of investors has come out on top this time around..... [more]
Opinion - John Hawkins: This economist believes the system is broken. Maybe she has a point. Governments need to work hand in hand with the private sector, rather than leaving business to its own devices..... [more]
Strong investment in AI infrastructure is keeping global growth at around 3% with major benefits for Asia, but also foreshadows a "slow-moving tsunami" that could massively disrupt labor markets, taxation and education.... [more]
World’s Energy Order Tested Again as Iran War’s Reach Extends Further. “We are entering an age of prolonged insecurity,” one former U.S. energy official said of what have become chronic threats on the Middle East’s energy core..... [more]
Fed officials want to hold off a rate hike this month. Will this week’s inflation data let them?.... [more]
In the US, a wealth boom and a price shock collide. The US is in the middle of a historic and costly technological revolution, with the artificial intelligence buildout driving a level of investment set to eclipse the previous.... [more]
U.S. economists win Nobel for work on managing economic shocks.... [more]
McDonald’s is betting on chicken and beverages to fuel its next phase of growth, but new consumer spending data suggests the fast-food giant faces stiff competition from rivals that specialize in those areas..... [more]
Inside America's only internet sea cable maker. Ninety-nine percent of international internet traffic flows through cables stretched across the ocean floor. Demand is at an all-time high.... [more]
When AI goes rogue, who should get sued? The AI industry has been buzzing with concern about potentially catastrophic risks to humanity — a hum of anxiety that’s grown louder as Anthropic prepares to make its stock market.... [more]
Starbucks says not buying Chipotle, ends takeover speculation.... [more]
Two Sigma, the $80 billion quant fund, is raising the bar for interns after a very productive summer.... [more]
Delta Air Lines said it will delay the launch of its nonstop service between Atlanta and the Saudi capital Riyadh until March after several deadly attacks hit the city’s airport there..... [more]
EU sanctions nearly 1,600 Russian people and firms linked to drone and missile parts.... [more]
Roman Abramovich aides falsified paperwork to disguise assets and dodge tax, records suggest. Accountancy firm Deloitte Cyprus among those that appear to have backdated records outlining the Russian billionaire’s assets.... [more]
Burnham says Russian meddling in Europe shows need for closer UK-EU ties as he seeks a Brexit reset.... [more]
Heathrow’s chief executive has warned that the airport’s owners "cannot wait forever" for the prime minister’s approval of its third runway as passenger demand continues to exceed capacity despite a recent downturn.... [more]
Stellantis and Renault back UK to get EU car industry protection.... [more]
HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration.... [more]
Hackers heat French supermarket fridges, sparking fires and spoiling food. The Paris prosecutor's office said a "large-scale" attack was "affecting connected refrigerators in several major food retailers across France",.... [more]
H&M ‘investigating claims it was hit by cyber attack’.... [more]
Germany's debt-to-GDP ratio expected to rise to 78.25% in 2030.... [more]
US-China race is on for the Gulf’s AI future. US supplies the advanced chips and frontier models while China offers cheaper cloud, networks and smart-city systems.... [more]
Hong Kong Exchanges and Clearing (HKEX) is planning further measures to boost market liquidity, attract more international investors and expand the use of China’s currency, including through yuan-denominated gold futures.... [more]
India inflation jumps to 5.54% in September, strengthening case for further rate hikes.... [more]