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Wall Street slides as investors worry about tech

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The major US stock indices have ended more than one per cent lower, with chipmaker shares extending recent declines ‌and with renewed tensions between the United States and Iran adding to investor uncertainty.

Shares lift as rate-sensitive stocks rise

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Australia's stock market has snapped a three-session losing streak, as interest rate-sensitive stocks rallied on hopes the Reserve Bank is finished hiking rates.

Motorists brace for higher prices as fuel tax cut ends

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Australia is unlikely to extend the temporary halving of the fuel excise, as conflict in the Middle East breaks out ending the fragile ceasefire.

More swings for AI stocks drag Wall Street back on the roller coaster

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Another sudden reversal for high-flying artificial-intelligence stocks sent Wall Street reeling on Tuesday.

Shares trim losses as NAB predicts rate cut

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Australia's share market has trimmed early losses after NAB economists predicted the Reserve Bank is done hiking interest rates, while miners were under pressure from heavy commodity prices.

Businesses MIA on rooftop solar

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Australian households are generating nearly four times as much solar energy as retailers, manufacturers and other non-residential buildings, with most commercial rooftops panel-free.

Wall Street closes mixed as tech rebounds

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US stocks have ended ‌mostly higher, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp sell-off.

Labor gets 'message' after historic poll for One Nation

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Labor insists it's implementing "big changes" as voters abandon the major parties, with new polling showing Pauline Hanson's right-wing party is the most popular for the first time.

Wall Street ends sharply lower as chips stocks slide

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Wall Street's nine-week winning streak has ended with a thud as red-hot technology stocks suffered their ‌largest daily decline since April 2025.

Shares drop as metals prices weigh on miners

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Australia's share market has ended the session and the week lower as softening commodity prices and stalled Persian Gulf peace talks dent investor sentiment.

Watchdog inquiry launched into KPMG

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The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

Wall St ends mixed as chip sell-off weighs on Nasdaq

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Wall Street has advanced as progress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip sell-off that pulled the Nasdaq lower.

Tax changes won't deliver productivity or GDP boost

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Changes to negative gearing, capital gains tax and trusts have not raised Treasury's assumption that productivity will grow at 1.2 per cent in the medium term.

Investors flee to safety as business confidence wanes

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Australia's share market is on track for a negative week as US-Iran tensions and wobbles in the US tech narrative weigh on an already grim growth outlook.

Housing slowdown sharper than Treasury forecast: CBA

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Reserve Bank officials will respond to economic growth figures and a home price slowdown as they front a parliamentary hearing on Thursday.

Wall St ends lower as Mideast tensions escalate

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Wall Street stocks pulled back from record highs ‌as flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.

Shares bounce as rate hike fears ease

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Australia's share market has snapped a two-session losing streak after weaker-than-expected economic growth softened the outlook for further interest rate hikes.

‘Capability that matters’: submarine switch played down

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The government is being forced to defend the multi-billion-dollar AUKUS deal after it was revealed Australia won't receive new submarines from the US.

Wall St ends higher as AI zeal betters Mideast jitters

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The S&P 500 and the Dow closed modestly ‌higher as risk appetite driven by AI fervor was counterbalanced by tensions arising from US-Iran talks to reopen the Strait of Hormuz and end the months-long war.

Shares pare losses as mining stocks bounce

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Australia's share market has trimmed early losses but ended the session slightly lower, with Persian Gulf tensions and underwhelming economic data weighing on confidence.

Low-paid workers to receive 4.75pc wage rise

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Millions of workers on industry awards will get a 4.75 per cent annual pay rise, but minimum wage earners will receive a larger boost of six per cent.

Wall Street gains on tech gains, peace hopes

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Wall Street stocks have posted modest gains as investors watched developments in US-Iran peace negotiations and cheered the unveiling of a new computer chip that promises to bring artificial ‌intelligence to personal computing.

Deal hopes help shares end rocky week

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Australia's share market has edged higher after a volatile week, supported by hopes of a US-Iran deal and softer-than-expected local inflation that took some pressure off the Reserve Bank.

Wall Street advances as US and Iran eye truce extension

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The S&P 500 and the Nasdaq have posted record closing highs after news reports said the US and Iran had reached a draft agreement to extend their ceasefire ‌for 60 days while investors also digested key inflation data.

Shares drop and oil surges as US, Iran trade strikes

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Australian shares have had their worst day in weeks after a re-escalation of the US-Iran conflict dimmed hopes of a peace deal and boosted oil prices.

Labor hails controversial tax overhaul as 'for workers'

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Treasurer Jim Chalmers introduced the landmark bill to parliament that includes changes to capital gains tax and negative gearing, as well as a $250-a-year rebate for workers.

Shares bounce on cool inflation data but risks remain

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Australia's share market has ended the session higher after cooler than expected inflation data took the pressure of the Reserve Bank to hike the interest rate for a fourth straight meeting.

Underlying inflation still rising as fuel costs ease

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Annual headline inflation fell to 4.2 per cent in April thanks to a cut in the fuel excise, but the underlying impulse is still gathering steam.

Westpac cops $26 million penalty

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Westpac has been fined $26 million for grossly negligent conduct after failing to respond to customers in financial hardship.

ASX slips after US strikes Iran but insists deal intact

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Australia's share market has pared some early losses, as investors weigh fresh US strikes on Iran against White House assurances of an impending peace deal.

Renewable projects set records but still face headwinds

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Wind farms and solar panels are producing more of Australia's electricity than ever, but slow approvals and investment commitments could stall progress.

Stocks rally, oil and dollar ease on Mideast peace hope

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Stocks have surged, while the US dollar and oil prices slid ‌as the prospect of a deal to end the Iran war buoyed risk appetite.