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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.

Oil spikes, Wall Street drops as US-Iran tensions build

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Oil prices spiked on renewed fears that a tenuous peace between the US and Iran was faltering, while US stocks fell, led by technology shares on ‌investors' concerns about the longevity of the AI-driven rally

'So sorry': Telstra conducts welfare checks amid outage

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Telstra has apologised for a national outage that has stopped trains, transactions and some triple zero calls, but is still investigating what caused the issue.

Local shares dip, miners slump as Hormuz tensions flare

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Australia's share market has resumed its decline after a container ship in the Strait of Hormuz was hit by a projectile, testing a fragile truce between the US and Iran.

Longest stretch of weak growth since 1990s forecast

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Australia's economy is set to grow below two per cent for the longest period since the early 1990s, exposing a malaise long masked by population growth, a report has warned.

Wall Street closes higher as chip stocks rally

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The ‌S&P 500 and Nasdaq have ended sharply higher, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to ‌drive a strong second-quarter earnings season.

PM heads to the Solomon Islands after Fiji breakthrough

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Anthony Albanese will make a quick dash to the Solomon Islands to participate in the nation's independence day celebrations after securing a key pact with Fiji.

Shares dip as traders await next catalyst

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Australia's share market has started the week lower as trading volumes plunged and investors awaited the next market-moving catalyst.

Australia, Fiji in new defence alliance

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Australia and Fiji have sealed a new defence alliance, marking a major diplomatic win for Anthony Albanese against China for influence in the Pacific.

Super funds defy global upheaval to deliver big gains

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In a lacklustre year for Australian equities, superannuation funds have provided a bright spot for those members securing double-digit returns.

Shares rally for best day in three weeks

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The Australian share market has enjoyed its best day in three weeks, thanks in part to strong gains by goldminers following lacklustre US employment data.

Panic buying warning as bird flu found in third state

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Australians have been warned against panic buying eggs and other poultry products as preliminary testing detects a case of avian flu in a third state.

PM ‘not against’ a punt, defends gambling reforms

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Proposed gambling ad reforms go beyond some recommendations made in a Labor-led report that urged a total ban, the prime minister says.

Dow hits record closing high

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The Dow Jones has lifted more than one per cent, posting a record closing high and a fourth straight week of gains ahead of the ‌long holiday weekend, as a softer-than-expected US jobs report eased worries about interest rate hikes.

Banks give shares a bounce to end run of losses

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The Australian share market has managed to avoid a third straight day of losses thanks to a bounce from the banking sector.

Wall Street closes lower, tech shares slip

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US stocks have finished slightly lower with falling technology shares, but gains in Meta Platforms provided some support along ‌with comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.

Banks and supermarkets drag shares lower

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Australia's share market has had a dour start to the new financial year, dropping for the seventh time out of its past 10 sessions after a sell-off in banking and supermarket stocks.

Stocks end quarter with big gains as oil tumbles

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Stocks across the globe have posted their largest quarterly ‌percentage increase in six years, while Brent oil had its largest quarterly drop since 2020.

Aussie shares fall as gold drops to eight-month low

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The local share market has ended the financial year with a whimper, ending on the lows of the day amid sharp losses for goldminers.

Rex misled market before $31.7m loss

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A regional airline has been found to have misled the stock market when it claimed it would deliver a strong financial result months before it posted an eight-figure loss.

Stocks rise with eyes on Iran

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A global gauge of stock markets rose ‌as investors tracked the implementation of an interim peace deal between Iran and the US, even as oil prices also rose after tit-for-tat attacks underscored the risk of escalation.

Shares gain after US agrees to ‘stand down’

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The Australian share market has moved higher after a US official said America and Iran would "stand down for now" following an exchange of fire near the Strait of Hormuz that tested their fragile ceasefire.

Hanson slides in the polls after voter 'reality check'

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Support for Pauline Hanson's party has dipped in the latest polls following her controversial National Press Club address, as Labor brands the major speech a "reality check" for Australians.

Wall Street ends lower as shares of chip firms tumble

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The S&P 500 has ended marginally lower, with a steep drop ‌in artificial intelligence-related chip stocks and sharp gains in Moderna and other healthcare stocks.

Shares edge higher as precious metals bounce

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The Australian share market has finished higher for the day as gold rebounded after hitting an eight-month low, but local shares still lost ground for the week.

Fortescue harassment lawsuit sparks demand for answers

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Fresh allegations of sexual harassment at mining sites highlight the need to stamp out a "toxic culture of cover-up" in the industry, a state politician says.

Wall St ends mixed as shares in tech com

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The Nasdaq has closed lower, dragged down by losses in big tech shares, while the S&P closed near flat and the ‌Dow closed higher as investors digested new economic data.

Shares fall as US dollar surges, oil retreats

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The Australian bourse has slipped, with a sell-off in precious metals, oil and other commodities dragging down resource companies as the US dollar surges and more ships pass through the Strait of Hormuz.

Unemployment rate falls to 4.4pc

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Australia's unemployment rate fell back to 4.4 per cent after a surprise jump the month earlier, leaving the door open to more interest rate hikes.

Mining giant hit with sexual harassment class action

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Fortescue has been hit with a class action law suit that accuses it of facilitating a shocking culture at its remote worksites and accommodation village.

Wall Street ends mixed as shares in tech firms fall

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The Nasdaq and S&P 500 ‌have closed lower, dragged by tech stocks on nagging concerns about high-flying valuations.