Dow down 0.32 per cent, S&P 500 and Nasdaq flat; Netflix raises 2025 revenue guidance but shares fall; Crypto stocks up.
David French
Struggling mortgage holders could be waiting an additional five weeks for a rate cut just so the RBA can prove its independence, a former employee says.
Cameron Micallef
A surge in the major miners and healthcare stocks drove the ASX to its best week since May, with the All Ordinaries passing the historic 9000 point mark.
Investment bank UBS expects Donald Trump’s tariff threat on pharmaceuticals to have ‘limited’ impact on biotech giant CSL, especially if plasma products are excluded.
Cheyanne Enciso
Burgundy Diamond Mines has blamed weak prices for the layoffs at the Ekati mine in Canada’s Arctic Circle, which was acquired from BHP by the junior for more than $200 million in early 2023.
Sean Smith
Woolworths has expressed interest in exploring the Federal Government’s concept of a digital “skills passport” to help it identify and build a pipeline of workers to fill its high-tech warehouses.
Australia’s biggest companies are tipped for a third consecutive year of falling profits, with an expert warning the market is overvalued and ‘something has to give’.
Asian and European shares are higher and US futures have edged up as robust US data and corporate earnings push aside tariffs worries for now.
Iain Withers and Stella Qiu
The Australian share market has crossed 8700 points for the first time in its biggest rally since April, while posting its best weekly performance for 2025.
Rachel Jackson and Derek Rose
US stocks closed at record-breaking highs, buoyed by economic data and earnings.
Staff Writers
The ASX200 climbed 0.9 per cent to its highest level ever after a surprise rise in unemployment set the stage for the Reserve Bank to cut rates.
Derek Rose and Rachel Jackson
A share price hot streak for the owner of Western Australia’s only major copper mine has lost steam after its quarterly update disappointed.
Adrian Rauso
European shares have had a solid start thanks to positive earnings while the greenback rose after fears were allayed that the Fed chair was going to be fired.
Marc Jones
US stocks have closed higher as investors digested inflation data and earnings reports.
The Perth-based batteries and energy storage group, which is seen as a poster child for local manufacturing, is offering outside equity for the first time.
The peak body for Australia’s life sciences industry has flagged concerns Donald Trump’s pharmaceutical tariff threat could force more local biotechs and medical technology firms to move operations overseas.
Global miner Rio Tinto has revealed it incurred about $US300 million ($460m) in gross costs over the first half of 2025 as a result of the US tariffs on aluminium exports from Canada.
Danielle Le Messurier
Uncertainty about US tariffs has kept investors cautious as they wait for more inflation data to assess the impact of the trade war on interest rate cuts.
Elizabeth Howcroft
The ASX200 finished 0.8 per cent lower after US data showed inflation ticked up again in June as tariffs took hold, reducing the odds of a rate cut.
Derek Rose
Tech giant Apple has struck a $US500 million ($767m) deal to buy rare earth minerals from Gina Rinehart-backed MP Materials, the US producer that just last week secured backing from the Pentagon.
Carlos Caminada
Mount Gibson Iron is looking to make the jump from mining iron ore off the Kimberley coast to digging for gold in the Northern Territory, after signing up to buy tenements from Northern Star.
Simone Grogan
Cyclones in WA’s north took the wind of Rio Tinto’s sails to start 2025 and the mining giant is yet to get its iron ore shipment numbers back on course.
Adrian Rauso and Paul-Alain Hunt
US stocks have closed mostly lower as investors digest economic data and earnings results.
The ASX200 has climbed 0.7 per cent to finish above 8,600 for the first time, and was also within 10 points of its all-time intraday high.
