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Shares snap losing steak but inflation threats remain

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Australia's share market has snapped a four-session losing streak, but investor sentiment remains subdued with the Reserve Bank's battle with inflation far from over.

Underlying inflation rises despite fuel price fall

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Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure to 3.6 per cent will concern the Reserve Bank.

Labor tax change deal angers super funds, business

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A government handshake with the Greens over the treatment of self-managed super funds has riled the finance industry, as Labor looks to counter the rise of One Nation

Wall Street ends lower as AI spending concerns mount

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The ‌Nasdaq and the S&P 500 have closed at more than one-week lows, dragged down by sharp losses in semiconductor stocks as investors scrutinised ‌growing debt-funded AI spending.

Shares dip as slump in miners drags on

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Australia's share market has handed back an early improvement after the morning's optimism gave way to caution by the afternoon, ahead of key incoming economic data.

KPMG chair, partners to exit scandal-tainted firm

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The chairman of KPMG Australia is stepping down and two partners are leaving the firm after a bruising parliamentary hearing and allegations of wrongdoing at the major consultancy.

Tax changes to be passed after Greens NDIS deal

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Contentious tax reforms are set to become law after the Greens agreed to support Labor's legislation through the Senate in return for extending an inquiry into separate NDIS changes.

Wall Street ends mixed as investors focus on Iran talks

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The S&P 500 and ‌the Nasdaq have closed down, dragged by declines in the megacap technology stocks including Alphabet.

Shares edge lower as WiseTech leads IT sell-off

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Australia's share market has had a bland session as investors weighed progress in US-Iran peace talks, while the local IT sector was hit by a significant stock plunge.

Record defence export deal puts Australia on the radar

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Australia has struck its largest defence export deal under a $2.5 billion agreement to provide Canada with world-leading radar technology.

Poultry farms on lockdown amid bird flu concerns

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Australia's largest poultry producer has plunged its chicken farms and processing plants into lockdown to protect itself from a deadly avian flu strain.

More fuel relief for motorists with halfway measure

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Motorists will benefit as a cut to fuel taxes is extended for another month, although at half the previous discount.

Labor's reform outlook cools before long winter break

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Controversial changes to both the tax system and the NDIS are under negotiation as Labor tries to land a deal with the Greens before parliament breaks.

Aussie shares scrape positive week despite mining rout

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Australia's share market has wiped most of the week's gains in two sessions, as a rising greenback and global growth concerns dragged metals prices lower.

Wall Street advances on chips

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US stock indices have rallied, with the Nasdaq's 1.9 per cent advance boosted by gains in semiconductor shares while inflation fears eased after the US and Iran signed a peace agreement.

Shares snap four-day win streak

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Australia's share market has broken a four-session winning streak, after US interest rate worries hit risk sentiment, despite oil prices continuing their decline.

Migrant intake dips as anti-immigration voices swell

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Net overseas migration is slowly falling, but the figures remain above Labor's forecasts and the dramatic cuts demanded by the coalition and One Nation.

Labor unveils startup carve-outs to quell tax backlash

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Innovative startups will be able to keep the 50 per cent capital gains tax discount but it remains unclear which firms will be eligible.

Vodafone back online after network outage causes chaos

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UPDATED: A major telco insists millions of customers still had access to emergency services despite its network going down for a large part of the day.

Wall Street sinks on bets Fed will hike rates

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The S&P 500 and Nasdaq closed down ‌by more than 1.0 per cent on Wednesday, as traders bet the Federal Reserve's next move would be a rate hike.

Shares reverse early losses as oil slide continues

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Australia's share market has clutched a fourth straight session of gains, buoyed by miners as oil prices extended losses with more details of the US-Iran peace deal emerging.

Hanson defies protest to call for 'monocultural' nation

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Pauline Hanson has called for a "monocultural" Australia as a protest crashed her first address to the National Press Club.

Wall Street ends mixed ahead of Federal Reserve meeting

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The Nasdaq Composite and the S&P ‌500 have finished lower under pressure from technology stocks while the Dow Jones Industrial Average marked its second straight record close.

Shares trim losses as RBA holds rates, outlook unclear

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Australia's share market has squared an early dip for an almost flat finish, after the Reserve Bank held the cash rate steady and flagged a data-dependent path ahead.

Federal govt warns consultancies on standards

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Consultancy firms working with federal government departments must uphold the highest ethical standards, a minister says, as departmental review into the conduct of a top four supplier gets underway.

Wall Street rallies on US-Iran deal

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Wall Street has rallied, with the Nasdaq climbing 3.0 per cent and the Dow marking a record-high close after the United States and Iran struck a preliminary agreement to end the Middle East war and reopen the Strait of Hormuz.

Shares surge as US and Iran strike peace deal

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Australia's share market has notched its best two-session performance since April following reports the US and Iran have agreed on the terms of a peace deal.

Reserve Bank meets with rates tipped to stay on hold

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Borrowers can finally expect relief from quickfire interest rate rises with the Reserve Bank poised to maintain the status quo for the first time in 2026.

Albanese backs Iran peace

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Australia has welcomed the US president's announcement of a deal to end the war in Iran and reopen a critical trading waterway after months of fighting and numerous false starts in negotiations.

ASX admits to misleading market

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The Australian Securities Exchange will pay a $20.5 million penalty to the corporate watchdog after admitting to misleading the market.

Wall St ends higher as SpaceX's market debut dominates

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US stocks ended higher on Friday as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut, ‌making it Wall Street's biggest public listing in history.

Shares rally as traders bet on peace deal

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Australia's share market has posted its best week in two months after days of escalating attacks between the US and Iran gave way to optimism around a potential peace deal.