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PM ‘not against’ a punt, defends gambling reforms

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Proposed gambling ad reforms go beyond some recommendations made in a Labor-led report that urged a total ban, the prime minister says.

Dow hits record closing high

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The Dow Jones has lifted more than one per cent, posting a record closing high and a fourth straight week of gains ahead of the ‌long holiday weekend, as a softer-than-expected US jobs report eased worries about interest rate hikes.

Banks give shares a bounce to end run of losses

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The Australian share market has managed to avoid a third straight day of losses thanks to a bounce from the banking sector.

Wall Street closes lower, tech shares slip

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US stocks have finished slightly lower with falling technology shares, but gains in Meta Platforms provided some support along ‌with comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.

Banks and supermarkets drag shares lower

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Australia's share market has had a dour start to the new financial year, dropping for the seventh time out of its past 10 sessions after a sell-off in banking and supermarket stocks.

Stocks end quarter with big gains as oil tumbles

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Stocks across the globe have posted their largest quarterly ‌percentage increase in six years, while Brent oil had its largest quarterly drop since 2020.

Aussie shares fall as gold drops to eight-month low

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The local share market has ended the financial year with a whimper, ending on the lows of the day amid sharp losses for goldminers.

Rex misled market before $31.7m loss

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A regional airline has been found to have misled the stock market when it claimed it would deliver a strong financial result months before it posted an eight-figure loss.

Stocks rise with eyes on Iran

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A global gauge of stock markets rose ‌as investors tracked the implementation of an interim peace deal between Iran and the US, even as oil prices also rose after tit-for-tat attacks underscored the risk of escalation.

Shares gain after US agrees to ‘stand down’

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The Australian share market has moved higher after a US official said America and Iran would "stand down for now" following an exchange of fire near the Strait of Hormuz that tested their fragile ceasefire.

Hanson slides in the polls after voter 'reality check'

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Support for Pauline Hanson's party has dipped in the latest polls following her controversial National Press Club address, as Labor brands the major speech a "reality check" for Australians.

Wall Street ends lower as shares of chip firms tumble

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The S&P 500 has ended marginally lower, with a steep drop ‌in artificial intelligence-related chip stocks and sharp gains in Moderna and other healthcare stocks.

Shares edge higher as precious metals bounce

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The Australian share market has finished higher for the day as gold rebounded after hitting an eight-month low, but local shares still lost ground for the week.

Fortescue harassment lawsuit sparks demand for answers

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Fresh allegations of sexual harassment at mining sites highlight the need to stamp out a "toxic culture of cover-up" in the industry, a state politician says.

Wall St ends mixed as shares in tech com

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The Nasdaq has closed lower, dragged down by losses in big tech shares, while the S&P closed near flat and the ‌Dow closed higher as investors digested new economic data.

Shares fall as US dollar surges, oil retreats

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The Australian bourse has slipped, with a sell-off in precious metals, oil and other commodities dragging down resource companies as the US dollar surges and more ships pass through the Strait of Hormuz.

Unemployment rate falls to 4.4pc

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Australia's unemployment rate fell back to 4.4 per cent after a surprise jump the month earlier, leaving the door open to more interest rate hikes.

Mining giant hit with sexual harassment class action

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Fortescue has been hit with a class action law suit that accuses it of facilitating a shocking culture at its remote worksites and accommodation village.

Wall Street ends mixed as shares in tech firms fall

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The Nasdaq and S&P 500 ‌have closed lower, dragged by tech stocks on nagging concerns about high-flying valuations.

Shares snap losing steak but inflation threats remain

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Australia's share market has snapped a four-session losing streak, but investor sentiment remains subdued with the Reserve Bank's battle with inflation far from over.

Underlying inflation rises despite fuel price fall

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Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure to 3.6 per cent will concern the Reserve Bank.

Labor tax change deal angers super funds, business

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A government handshake with the Greens over the treatment of self-managed super funds has riled the finance industry, as Labor looks to counter the rise of One Nation

Wall Street ends lower as AI spending concerns mount

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The ‌Nasdaq and the S&P 500 have closed at more than one-week lows, dragged down by sharp losses in semiconductor stocks as investors scrutinised ‌growing debt-funded AI spending.

Shares dip as slump in miners drags on

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Australia's share market has handed back an early improvement after the morning's optimism gave way to caution by the afternoon, ahead of key incoming economic data.

KPMG chair, partners to exit scandal-tainted firm

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The chairman of KPMG Australia is stepping down and two partners are leaving the firm after a bruising parliamentary hearing and allegations of wrongdoing at the major consultancy.

Tax changes to be passed after Greens NDIS deal

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Contentious tax reforms are set to become law after the Greens agreed to support Labor's legislation through the Senate in return for extending an inquiry into separate NDIS changes.

Wall Street ends mixed as investors focus on Iran talks

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The S&P 500 and ‌the Nasdaq have closed down, dragged by declines in the megacap technology stocks including Alphabet.

Shares edge lower as WiseTech leads IT sell-off

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Australia's share market has had a bland session as investors weighed progress in US-Iran peace talks, while the local IT sector was hit by a significant stock plunge.

Record defence export deal puts Australia on the radar

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Australia has struck its largest defence export deal under a $2.5 billion agreement to provide Canada with world-leading radar technology.

Poultry farms on lockdown amid bird flu concerns

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Australia's largest poultry producer has plunged its chicken farms and processing plants into lockdown to protect itself from a deadly avian flu strain.

More fuel relief for motorists with halfway measure

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Motorists will benefit as a cut to fuel taxes is extended for another month, although at half the previous discount.

Labor's reform outlook cools before long winter break

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Controversial changes to both the tax system and the NDIS are under negotiation as Labor tries to land a deal with the Greens before parliament breaks.