US stocks have closed mostly higher as investors scrutinise the need for more corporate spending on artificial intelligence infrastructure.
Noel Randewich
Australia’s sharemarket has bounced back from early losses after Reserve Bank governor Michele Bullock signalled demand growth is slowing faster than expected.
Cameron Micallef
Asian chipmakers have been at the heart of a global stocks sell-off amid concerns about the AI boom, with South Korea's market plunging over 10 per cent.
Tom Westbrook, Ankur Banerjee and Sruthi Shankar
A fire-ravaged processing plant at the Greenbushes lithium mine is just days away from being operational again, according to IGO, but the damage bill is yet to be revealed.
Adrian Rauso
Nvidia’s fresh round of AI infrastructure deals are accelerating a streak of investments that sceptics warn is artificially inflating demand and valuations across the industry.
Dina Bass and Winnie Hsu
US stocks have closed mostly higher as investors focused on major companies' earnings results and a Federal Reserve decision.
Sinéad Carew and Noel Randewich
An unofficial US-Iran ceasefire has sent the ASX to its best trading day in six weeks, with oil prices plunging and stocks surging across nearly every sector.
One of the nation’s biggest players in the tyre market has flogged off its trouble-plagued WA operation after a period of declining revenues and substantial losses.
Cheyanne Enciso
Myer boss Olivia Wirth says she has seen a sharp slowdown in trading as the perfect storm of higher fuel prices, rising interest rates and a cooling housing market force shoppers to keep their wallets shut.
The listed investment company reported a rise in net profit of just 3 per cent to $293.5 million as the value of its share portfolio grew only 0.9 per cent in the year to June 30.
Sean Smith
Global stock markets have risen after Iran said it would halt its own attacks as long as the United States did the same.
Wayne Cole and Sruthi Shankar
Evolution Mining has scooped up copper and gold play Carnaby Resources as the Subiaco-based explorer closes in on a final investment decision for its Greater Duchess project in far-north Queensland.
Daniel Newell
US stocks closed flat or lower due to worries about AI spending ahead of Big Tech earnings reports, as well as continued tensions in the Middle East.
Staff Writers
Two WA gold takeovers worth a combined $5.3 billion ranked among Australia’s 10 biggest deals in the last financial year, even as national dealmaking fell 17 per cent.
Ryan Johnson
The pressure has intensified as the US-Iran war disrupts oil tanker traffic through the Strait of Hormuz and Houthi attacks threaten Saudi oil exports through the Red Sea.
The Australian government’s new plan to save cash distribution has been slammed as it puts the taxpayer on the hook for millions.
Amy Jackson, Cameron Micallef
The boss of BCF hopes its push into 4WD fitment offerings will ward off a growing threat from new market entrants as the big-box outdoor retailer chases a market worth about $3 billion.
WA miners could shine through a volatile August reporting season as stale forecasts and softer consumer spending put retailers and other market favourites at risk.
Donald Trump’s threat of a “massive attack” and the money markets lifting rate expectations combined to smash the ASX 200.
A brutal lithium sell-down accelerated on Friday, led by Liontown, which has now bled 55 per cent of its market value in under three months.
Australia could potentially escape Donald Trump’s new 12.5 per cent tariffs by changing Australian law on imported goods made with slave labour, a leading trade expert says.
Stephen Johnson
The business is being sold to British-based Achilles, a supply chain risk and performance management company that is itself owned by private equity giant Bridgepoint.
The technology behemoths suffered their biggest one-day drop since the tariff tantrum in April 2025 overnight, wiping out $US797 billion in market value.
