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Australian shares waver as oil surges on Iran conflict

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Australia's share market has handed back its modest gains after oil prices surged amid escalating conflict between the US and Iran, hitting risk sentiment.

Public service to get AI guardrails

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AI used in automated decision-making by the public service and federal agencies will face new rules under a plan designed to make the system more transparent.

Jobs data tops economic agenda

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Resilient jobs data is a bright spot for Australia's economy but the longer the Middle East conflict drags on, the worse the prospect for growth and inflation.

Wall Street ends lower as chip sell-off broadens

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Wall Street has extended ‌its decline as a pullback on stocks associated with the AI boom, which has driven many of the gains so far this year, morphed into a larger risk-off sentiment.

Aussie shares end week lower as mining rout continues

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Australia's share market has fallen for a second straight week as mining sector selling continued and ongoing attacks between the US and Iran weighed on global growth hopes.

Telstra reveals cause of network outage

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Telstra says it is "deeply sorry" after revealing the cause of a service outage that left train networks in disarray and customers unable to dial triple zero.

Wall St falls as chip weakness offsets solid earnings

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Chip stocks have pulled the Nasdaq and the S&P 500 lower as they continued to lead broader market moves despite generally upbeat US economic data and ‌a strong start to second-quarter earnings season.

Shares flat after another ‘dull’ session

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Australia's share market has clawed back some early losses for a flat finish in what is shaping up to be a quiet week for the exchange.

Coles fights ACCC on Kalgoorlie store block

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Coles will challenge the competition watchdog before a tribunal in a test of Australia's tough new merger laws, after the commission torpedoed its plan for a second store in Kalgoorlie.

Home sellers shy away from auctions as demand dips

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Low auction clearance rates are just part of the housing downturn story, as more vendors give up on auctions altogether in favour of private sales.

Corporate regulators told not to hinder nation's growth

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Corporate regulators ASIC and APRA have been directed to prioritise economic growth and productivity, in new guidance provided by Treasurer Jim Chalmers.

Wall Street ends higher on cool inflation data

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Wall ‌Street stocks have gained ground as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood.

BHP leads Australian shares higher as retail sells off

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Australia's share market has pared early gains for a modest advance, despite BHP counterbalancing an underwhelming day for the bourse.

AI blueprint looms as PM examines 'lessons from abroad'

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Anthony Albanese will bring "national leadership" to the rollout of artificial intelligence, promising to establish an office of AI within his department.

S&P 500, Nasdaq end up on cool inflation

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The S&P 500 and the Nasdaq advanced as solid big bank results and a cooler-than-expected inflation report boosted ‌risk appetite amid rising Middle East tensions.

Aussie shares recover losses but Hormuz risk remains

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Australia's share market has clawed back some early losses to end the session flat despite oil trading at one-month highs as the US and Iran ramp up attacks in the Persian Gulf.

Freo port operator electrifies truck fleet

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Container terminal operator Patrick Terminals will use electric trucks at its Fremantle operations after a trial found cost cuts and emission reductions.

Motorists to pay price for US blockade, toll in strait

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Australian drivers could take a financial hit if the US president goes ahead with plans to charge a toll for oil tankers travelling through the Strait of Hormuz.

Wall Street ends lower as Iran tensions spook investor

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Tech shares have pulled US stocks lower after President Donald Trump announced he would reinstate a blockade on Iranian ports in the latest escalation of US-Iran hostilities that sent oil prices jumping and dampened risk appetite.

Australian shares tread water as traders weigh conflict

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Australia's share market has started the week flat as renewed fighting in the Persian Gulf boosts oil prices and weighs on mining stocks.

Support for Hanson's One Nation slips in latest poll

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Pauline Hanson and One Nation's popularity have slipped since her controversial Press Club speech with support shifting to the coalition, according to new polling.

Wall Street ends higher as investors turn to earnings

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The ‌S&P 500 has risen to end just short of a record high as a blockbuster Nasdaq debut of South Korea's SK Hynix fuelled optimism ‌about memory-chip makers.

Shares snap losing streak but end week lower

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Australia's share market has broken a four-session losing streak but ended the week lower as a global rally in artificial intelligence and chip stocks largely skipped the local bourse.

'Let down': Telstra's chief faces up to outage outrage

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Telstra's chief has apologised for the latest failure to its network, disclosing her senior staffers had been impacted by the outage.

Liberal leader rules out forming One Nation alliance

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Angus Taylor has doubled down on attacks on One Nation, ruling out any coalition with the minor party despite Pauline Hanson's pleas to "work together".

Wall Street gains as chip surge offsets Iran concerns

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The Nasdaq has ended sharply higher as Micron Technology fuelled a rally in chip stocks that eclipsed fears that renewed US and Iranian attacks ‌might prolong the Middle East conflict and fuel inflation.

Shares fall for fourth day as miners take hit

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Australia's share market has fallen for a fourth straight session, as a second day of strikes between the US and Iran hammered hopes of a permanent peace deal and painted a grim picture for global inflation prospects.

PM strikes Indian uranium deal

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India and Australia have struck a series of deals, including an agreement for Australian uranium to once again be exported to the subcontinent.

Audit firms to be investigated after KPMG scandal

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Major consulting companies will have their audit firms investigated by the corporate watchdog in an inquiry triggered by allegations surrounding KPMG.

Wall St ends mixed as investors fear Iran-US truce over

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The S&P 500 has ended lower after ‌US President Donald Trump said an interim deal aimed at ending the war with Iran was "over," while Broadcom led gains among recently battered chip stocks.

Aussie shares pare losses as US, Iran trade air strikes

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The local share market has staged a dramatic turnaround, finishing only modestly lower after earlier being on pace for its worst day in five weeks.

GenusPlus denies Telstra outage blame

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Contractor GenusPlus said media reporting which appeared to imply the company's own infrastructure was contributing to Telstra's nationwide outages was incorrect.