AAP

The local bourse has achieved a new record finish in a choppy start to the trading week, as investors continue to weigh company earnings against their valuations.

Google engaged in anti-competitive behaviour when it asked telcos to install only its search engine on phones, Australia's competition watchdog says.

Australia's largest airline has been ordered to pay an eyewatering penalty for illegally sacking more than 1800 ground staff during the COVID-19 pandemic.

The blue-chip Dow Jones ended higher in the US for the week.

The local bourse has ended the week on its highest ever note, locking in a record close after hitting new intraday peaks for five straight sessions.

Wall Street's main indexes were mixed overnight.

Australia's share market has hit a fresh intraday record, but couldn't find the buyers to top its best close as the materials sector broke an eight-session hot streak.

About 25,000 jobs were added to the economy in July, while the jobless rate fell to 4.2 per cent, the Australian Bureau of Statistics has reported.

An increasing range of electric vehicles, greater affordability and growing charging options has driven EV sales to a record high.

The benchmark S&P 500 and Nasdaq indexes have hit new closing highs for the second straight day on hopes that the Federal Reserve is getting close to a monetary easing cycle.

Banking and utilities stocks dragged the Australian share market lower as Commonwealth Bank's full-year results fell short of high expectations and AGL's profits slumped.

Unions are urging the government to protect the penalty rates that help bolster the pay packets of millions of Australians.

Business groups are resisting a union push for a shorter working week as ideas to boost Australia's productivity are debated ahead of a roundtable.

The US stock market rallied to records overnight.

The Australian bourse has finished higher, buoyed by banking and discretionary stocks following a widely expected interest rate cut from the Reserve Bank of Australia.

US President Donald Trump has signed an executive order extending a tariff truce with China by another 90 days.

Anthony Albanese says recognising Palestinian statehood will help break the cycle of violence quo in the Middle East and lay down the path for a peace process.

Wall Street's main indexes ended lower as investors anxiously await inflation data this week to assess the outlook for interest rates and eye US-China trade developments.

Australia's materials sector has posted a sixth straight session of gains, helping the local bourse hit a new intraday record.

Australia will join a new global push to recognise the state of Palestine in a landmark diplomatic move, ahead of a crucial United Nations session in September.

US stocks ended higher to close the week.

A five-day rally for miners could not lift the local bourse beyond its record high this week as Australia's pricey banking stocks ran out of buyers.

The Dow and S&P 500 eased overnight in the US.

Australia's share market has edged lower a day after breaking all-time highs, but all's not lost as the bourse posted its second-highest close in history.

A rally for Apple led Wall Street higher overnight.

Australia's share market has topped 8800 points for the first time, as inflows into global miners and continued banking sector strength trounced worries about global growth.

US stocks ended lower overnight as investors weighed the impact of tariffs.

Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.

All three major US stock indexes ended more than one per cent higher as investors sought bargains after the previous session's selloff and increased bets for a September rate cut in the wake of weaker-than-expected jobs data.

Upticks in iron ore and gold prices have helped the Australian share market steady itself after a shaky start to the week.

US stocks slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months.

The local share market has fallen even as Australia dodged being hit by higher tariffs the Trump administration said it was imposing on dozens of its trading partners.