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Bishop resigns as top uni chancellor

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Former foreign minister Julie Bishop has resigned as chancellor of one of the nation's most prestigious universities, effective immediately.

Wall Street ends lower as chip stocks give up gains

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The S&P 500 has ended lower, with ‌Intel and other chip stocks retreating after a recent rally while uncertainty around US-Iran peace talks weighed on the wider market.

Miners lead Aussie shares higher on peace hopes

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Australia's share market has lifted for a second straight session on hopes the US and Iran can strike a deal to end the conflict in the Persian Gulf.

Wall Street rallies amid AI stocks boost

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The S&P 500 and the Nasdaq have surged to record-high closes, buoyed by signs of a resolution in ‌the Middle East conflict.

Shares soar on Iran peace deal hopes

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Australia's share market has rebounded on signs the US is seeking a way out of the Persian Gulf conflict with Iran.

'A joke': Fortescue founder takes on diesel tax credit

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Fortescue chair Andrew Forrest has intensified his criticism of the fuel rebate scheme, saying it is preventing the broader mining industry from embracing electrification and clean energy.

National fuel reserve 'future-proofed' in $10b plan

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Australia's onshore fuel reserves will be expanded to at least 50 days under a $10 billion energy and fertiliser security package set to "future-proof" supply in the face of global shocks.

Wall Street advances as AI chip stocks surge

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The S&P 500 and Nasdaq have notched record high closes, ‌lifted by Intel and other AI-related stocks, as a US-Iran ceasefire held firm and investors focused on strong quarterly earnings.

Shares trim losses but higher rates here to stay

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Australia's share market has pared back some early losses after falling to its lowest level in a month, with a Reserve Bank rate hike and the ongoing Persian Gulf conflict gutting investor confidence.

Wall St falls on concerns about Middle East tensions

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Wall Street has ended lower, with the S&P 500 retreating from ‌record highs, after a South Korean ship was hit by an explosion in the Strait of Hormuz and Iran demonstrated its grip on Middle East oil.

Shares in shaky start ahead of interest rates call

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Australia's share market has started the week lower, pulling back ahead of the Reserve Bank's interest rate decision and as traders weigh developments in the Persian Gulf.

Aussies adjusting to volatility: business banking giant

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Geopolitical tensions driven by the Middle East crisis and high fuel prices have created a volatile macroeconomic environment, Australia's biggest business bank says.

Thousands of homes promised in $2b plan

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A $2 billion investment in housing promises to ensure young people have the opportunity to buy a home, with 34,000 new dwellings to be built.

S&P 500, Nasdaq end higher, notch weekly gains

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The S&P 500 and the Nasdaq have advanced to record closing highs, boosted by ‌robust earnings and a dip in crude prices.

Australian shares snap eight-session run of losses

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Australia's share market has broken its worst losing streak since 2018 as oil prices eased from four-year highs and strong US earnings boosted investor sentiment.

Shares slip as brent crude hits new wartime high

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The Australian bourse has continued its losing streak into its eighth-straight day as oil prices rocketed and the realities of a prolonged energy shock hit home for Woolworths and other exposed businesses.

ASX continues slide, inflation points to rate hike

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Australian shares have fallen for a seventh straight session as sticky inflation made worse by the Middle East energy crisis rose to its highest rate in three years.

Banks to reveal how Iran conflict has affected earnings

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Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

Wall Street dips on renewed AI growth worries

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US stocks have closed lower, backing ‌away from record closing highs as renewed concerns over the artificial intelligence boom weighed on technology stocks.

ASX extends losses, Gulf worries buoy oil prices

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Australia's share market has notched a sixth-straight session of losses, falling on reports the US will likely reject an Iranian plan to open the Strait of Hormuz.

Trump reveals next American ambassador to Australia

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US President Donald Trump has announced his pick for the next American ambassador to Australia more than a year after the Republican leader's return to the White House.

Wall St higher in cautious start to big earnings week

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The S&P 500 and the Nasdaq eked out modest ‌gains on Monday in muted trading, as investors took a breath at the top of an eventful week.

ASX logs second week of losses as banks, miners weigh

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Australia's share market has fallen for a fourth-straight session, with banks and miners weighing heavily on the bourse as the Persian Gulf conflict dims the global economic outlook.

Wall Street slips on fading hopes for quick Iran deal

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US stocks have fallen in choppy trading as hopes dimmed ‌for a quick end to the Iran war while investors grappled with a mixed bag of earnings reports as concerns resurfaced about AI-driven disruption across the software sector.

ASX dips, oil rises as conflict realities weigh

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Resurgent oil prices have helped push Australia's share market lower for a third straight session as the US and Iran escalate their respective shipping blockades.

First home buyer scheme leading to housing price rise

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House prices for homes under thresholds for a five per cent deposit scheme are outstripping increases for all other homes.

US tech giant claims $25b stake in Australian AI future

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Microsoft will make one of the largest investments in Australia's artificial intelligence industry, pledging to spend $25 billion over three years to boost data centres, job training and cybersecurity defences.

US stocks close at records on Iran ceasefire extension

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US stocks climbed on Wednesday to send the S&P 500 ‌and Nasdaq to closing records, after President Donald Trump extended the ceasefire with Iran, with a round of solid corporate earnings providing additional support for optimism.

Aussie shares fall as war dims hopes for US rate cuts

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The local share market has suffered its worst loss in more than a month on fears the Middle East conflict could delay US interest rate cuts.

Gas giants push back on prospect of further levy

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Higher levies on gas exports risk weighing on domestic supply and pushing up prices for local users, the head of a major producer warns.

NDIS changes to save $15b by 2030

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Health Minister Mark Butler has revealed the changes to the $50 billion scheme, which could shed 160,000 participants under new eligibility rules.

Fuel, fertiliser stocks bolstered as Iran war bites

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Extra diesel shipments have been secured for Australia as the prime minister prepares to meet state and territory leaders to discuss fuel security measures.