A slump in furniture orders has left Nick Scali facing a profit fall of almost a third, with JB Hi-Fi, Harvey Norman and Super Retail shares also caught in the sell-off.
Ryan Johnson
There are two forces that could crash markets - public debt or AI. But it would only be a major crisis that would see both hit.
The Economist
The bosses of mining giant BHP have faced questions over recent deaths at two mines and aired their beliefs the industry can be “fatality free”.
Blair Jackson
The former NAB boss used the Big Australian’s annual general meeting to ratchet up warnings that the country has a major problem.
Adrian Rauso
Pilbara iron ore output could soon be cut as the Andrew Forrest-controlled miner remains locked in contract negotiations with China Mineral Resources Group.
Adrian Rauso and Daniel Newell
Wall Street has closed higher as SpaceX and Super Micro Computer results buoyed appetite for AI-linked stocks.
Sinéad Carew and Purvi Agarwal
Asian stocks have rallied and European shares have been broadly higher as investors take heart from positive signs from earnings season.
Dhara Ranasinghe and Gregor Stuart Hunter
The Australian sharemarket has closed higher despite traders shrugging off rising oil prices and RBA warnings that inflation came in “materially worse” than expected.
Cameron Micallef
Takeover target Austal has secured $245 million in Federal Government funding to built out its manufacturing hub at the Henderon defence precinct.
Daniel Newell
NextDC’s shares have plummeted after the data centre operator said it was considering force majeure options and cut earnings guidance as community opposition delayed one of its major projects in Melbourne.
Quarterly gold output slumped and mining costs surged for Northern Star Resources following major changes at processing plants in Kalgoorlie and Alaska.
Having put its Beaumont project in Texas under review in August, the oil and gas group is now looking to reduce its ownership of the development in light of weak demand for its low-carbon ammonia.
Sean Smith and Daniel Newell
PLS has returned to the US dollar bond market, braving a junk-debt selloff as the Pilbara lithium miner lines up investments to expand production.
Gowri Gurumurthy
US stocks have closed one per cent higher with healthcare leading the gains among the S&P 500's 11 major sector indexes, hitting a record high.
Sinéad Carew and Tharuniyaa Lakshmi
Crude prices have resumed their climb, putting pressure on European shares, while investors look towards key earnings from tech giants such as SpaceX and Meta.
Shashwat Chauhan and Rocky Swift
NAB’s shock decision to slash 2500 jobs and BHP’s copper slump have sent the ASX lower, even as technology stocks clawed back early losses.
Almost two months ago, NAB chief executive Andrew Irvine lamented that Australia was experiencing its worst ever bout of productivity growth and noted typing pools were now a thing of the distant past.
Stephen Johnson
Peet shares were dumped as much as 13 per cent on Tuesday putting the Perth developer’s proposed sale to Ingenia in jeopardy.
BHP’s Pilbara iron ore machine fired on all cylinders but copper spluttered as key mines in Chile were constrained by a worker’s death, bad weather and lower-quality ore.
US stocks have closed mostly higher with the Nasdaq Composite leading Wall Street gains as investors return to the chip sector and other AI-related stocks.
Australia’s sharemarket has closed higher despite a global technology sell-off, with energy producers and major banks leading gains on Monday.
The Reserve Bank says higher rates do more than just punish mortgage holders, and the truth could change how you think about the cash rate.
French equities led losses in Europe after one of the worst bouts of protest violence in years, while broader sentiment was subdued.
Danilo Masoni and Wayne Cole
US stocks have closed lower with AI wobbles offset by big bank gains.
Noel Randewich
