Market Reports

• Australian Market Report: The S&P/ASX 200 slumped 47.7 points, or 0.6 per cent, to 8326.3 points, with only the utilities and healthcare sectors finishing in the green..... [more]

• U.S. Market Report: Wall Street's main indexes dropped on Wednesday, as continued escalation of Russia-Ukraine tensions worried investors, while megacap Nvidia lost ground ahead of quarterly results..... [more]

• European Market Report: European stocks are up in positive territory on Wednesday, recovering a bit after posting sharp losses in the previous session. Despite persisting concerns about Russia - Ukraine conflict, investors are picking up stocks.... [more]

• Asian Market Report: Equity markets in Asia closed on a mixed note on Wednesday ahead of the much-anticipated earnings update from NVIDIA Corp..... [more]

Australian Business News

• A fresh survey of economists has revealed most are still tipping an interest rate cut by March next year — but one investment bank has warned a big spending election would delay relief many months..... [more]

• The NT and ACT might have small populations but their economies are growing faster than the bigger states .... [more]

• Australia’s rate-cutting cycle will be shallow. Here's what it means for investors.... [more]

• The Albanese Government is calling on the $230 billion Future Fund to help fix Australia’s housing crisis and invest in green energy and security infrastructure projects..... [more]

• Business insolvencies hit four-year high as price pressures squeeze hospitality and construction sectors.... [more]

• Housing affordability sinks to equal record low as first-home buyers priced out.... [more]

• The financial regulator has raised doubts over whether Cbus has completed the necessary processes under its licence conditions, after the fund said three CFMEU-linked directors had passed a fit and proper persons test.... [more]

• APRA sends signal via HESTA on unlisted asset valuations.... [more]

• Mining giant Rio Tinto will put its money where its mouth is and get on with the job of shutting down and rehabilitating a controversial uranium mine surrounded by the World Heritage Kakadu National Park..... [more]

• Rio Tinto Boosts Stake in ERA with Rights Issue.... [more]

• As Goldman Sachs forecasts gold prices to hit US$3,000 an ounce next year, Rumble Resources has started a major drill program with confidence at its Western Queen gold project in WA..... [more]

• Steel giant Bluescope hopes for the best as Trump talks tariffs.... [more]

• Healius could pay a one-off special dividend of $300 million (or 25-30% yield).... [more]

• Australian-made packaging giant Amcor plans to wrap up US rival Berry Group in a $13 billion deal aimed at boosting their global grunt. In a merger proposal requiring shareholder approvals.... [more]

• Singular Health jumps 42% as it inks deal with Miami-based health clinic.... [more]

• Sydney Airport will upgrade the T2 domestic terminal with plans for a major overhaul of Australia’s busiest domestic terminal for the first time in more than 30 years..... [more]

• Harvey Norman and Latitude Financial to appeal Federal Court ruling .... [more]

• Online criminals are increasingly targeting small businesses and wealthy private schools, a new report from the nation’s intelligence agency has found. The annual update report, released on Wednesday.... [more]

• Opinion - Elizabeth Knight: Will the ACCC’s spotlight on supermarkets deliver any relief? There is plenty at stake for the nation’s supermarkets in the competition regulator’s inquiry into the sector..... [more]

• Comment - Shani Jayamanne: Super should not fund housing. The Coalition's proposed policy looks to allow first home buyers to draw from their super..... [more]

• Explainer - Bernd Struben: Own Wesfarmers shares? Here's why Bunnings is in hot water this week.... [more]

World Business News

• Trump Trade 2.0 is just getting started .... [more]

• PIMCO bullish on stocks on US soft landing hopes, cautious on inflation.... [more]

• Nvidia investors are gearing up for volatile moves in Nvidia stock after the chip titan reports earnings, with markets pricing in an 8% stock swing after the results, according to data compiled by Bloomberg..... [more]

• Shares of pharmaceutical companies that produce popular weight loss drugs have tumbled since president-elect Donald Trump named Robert F. Kennedy Jr. to lead the Department of Health and Human Services.... [more]

• Target shares plunge 20% after discounter cuts forecast, posts biggest earnings miss in two years.... [more]

• TJ Maxx parent says holiday shopping is off to a ‘strong start,’ but its guidance tells another story.... [more]

• Delta Air Lines (DAL.N), said on Wednesday it expects 2025 revenue to grow by a mid single-digit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier..... [more]

• Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone .... [more]

• How Google Spent 15 Years Creating a Culture of Concealment. Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible..... [more]

• Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan..... [more]

• Michael Saylor's net worth soars to $11 billion after this year's 674% gain in MicroStrategy stock.... [more]

• Former billionaire investor Bill Hwang could face a long stay in prison after he is sentenced on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion..... [more]

• FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried.... [more]

• Logan Paul accused of misleading fans over crypto investments.... [more]

• UK inflation could undershoot forecasts, requiring faster rate cuts, BoE's Ramsden says.... [more]

• Lidl has warned of potential price rises, with HMV predicting job cuts as a result of cost increases caused by the UK government’s budget..... [more]

• Ford plans to cut about 4,000 jobs in Europe as the carmaker grapples with slowing demand for electric vehicles and fierce competition with Chinese rivals..... [more]

• Luxury car manufacturer Jaguar has unveiled a new logo and branding ahead of its relaunch as an electric-only brand..... [more]

• Greece's biggest gaming company OPAP (OPAr.AT), said on Wednesday said its gross gaming revenue increased 17.6% in the third quarter compared with the same period last year,.... [more]

• China funds slash ETF fees, escalating price war in booming market.... [more]

• A Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law, offering explicit legal clarity for crypto holders on the mainland amid a record-setting bitcoin price surge..... [more]

• Apple India posted a 23 per cent increase in net profit to Rs 2,745.7 crore in the financial year 2023-24.... [more]

• Egypt Seeks to Review Goals Through End of IMF Program, PM Says.... [more]