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The Latest Breaking News from Tony Sycamore

Gina Rinehart’s estimated A$700m profit from SpaceX IPO wiped out as stock price dips

Analyst says mining billionaire unlikely to be worried by lost paper profits after Elon Musk’s company dipped below its debut share price

The Guardian - AU

Australian shares dip as traders await next catalyst

Australian shares dip as traders await next catalyst

Banks and miners have weighed on the Australian stock exchange in an underwhelming trading session, while energy, healthcare and IT stocks outperformed.

Strong jobs figures clock on for future rate rise shift

Strong jobs figures clock on for future rate rise shift

More than 40,000 jobs have been added to Australia's economy to exceed expectations, but slowing growth could ease the Reserve Bank's inflation fears.

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Oil rebounds on concerns about US-Iran peace deal, restoration of supply

Oil prices rebounded as concerns grew over the lack of details in a preliminary U.S.-Iran agreement to end the war. The resumption of supply through the Strait of Hormuz may take longer than anticipated, with analysts noting that the market will likely show restraint until full details emerge.

The Economic Times

Oil prices rise more than 2% as Israel steps up incursion into Lebanon

Oil prices surged over 2% as intensified fighting between Israel and Hezbollah in Lebanon overshadowed hopes for a ceasefire extension with Iran. Stepped-up conflict, despite a prior truce, dimmed expectations for a deal, while concerns over mines in the Strait of Hormuz further tightened supply outlooks.

The Economic Times

Aussie shares log fourth session of losses, banks drag

Commonwealth Bank shares recorded their worst day in history after an earnings miss and new tax reforms have investors questioning its valuation.

Aussie shares wobble ahead of budget, oil surges again

Deteriorating US-Iran relations and concerns over flagged tax reforms weighed on the local share market, which has fallen in 15 of the past 19 sessions.

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Shares drop, oil rebounds as US and Iran exchange fire

Hopes of a deal to end the blockade of a key oil and gas transport route are hanging by a thread, following reports the US and Iran exchanged fire overnight.

Three more rate hikes tipped as prices begin to rise

Three more rate hikes tipped as prices begin to rise

Construction contractors are already hiking prices due to rising fuel costs, in a sign the US-Israeli war in Iran is contributing to economy-wide inflation.

Fuel supply boosted as oil price threatens record highs

Fuel supply boosted as oil price threatens record highs

The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.

ASX edges higher on hopes of record oil reserve release

ASX edges higher on hopes of record oil reserve release

Volatile oil prices continue to dictate stock market sentiment with the local bourse trading higher on hopes tapping reserves could shore up crude supply.

ASX closes after $90bn wiped from sharemarket amid spike in oil prices over Middle East crisis

ASX closes after $90bn wiped from sharemarket amid spike in oil prices over Middle East crisis

Benchmark S&P/ASX 200 closes down by 2.85%, marking the single biggest one-day drop since Donald Trump’s ‘liberation day’ tariffs announcement

The Guardian - AU

Middle East war wipes $120b from local share market

Middle East war wipes $120b from local share market

Australia's share market has posted its worst weekly drop in almost a year, as oil prices continue to surge on the back of widening conflict in the Middle East.

'Stonking result': big bank basks in best day for years

'Stonking result': big bank basks in best day for years

Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".

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Be warned: big tech elitism beyond dot-com bubble peak

Hype around artificial intelligence fuelled most of 2025's market rally but circular investment deals and speculative returns could pose future risks.

The Guardian - UK

Elon Musk warns of impact of record silver prices before China limits exports

Metal ‘needed in many industrial processes’, says Tesla boss as supply fears grow over price surge and new rules

International Business Times UK

Gold Prices Slide After Skyrocketing to Historic Levels – Is This the Perfect Time to Buy In?

The price of gold in the market is currently unstable.

Australian shares surge as banks, miners rally

The local bourse has had its best trading day since July as mining stocks and banks helped lift their respective sectors to multi-month highs.

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US fears push Aussie investors towards local shares

Trump administration policies have investors asking questions about the future of the world's largest economy, and many are opting to bring their money home.

Australia in unknown waters amid rising bond yields

Investors putting cash in what is known as a less volatile market, may end up losing money because of government spending and a lack of revenue to counter it.

Australian shares gain as miners rise, banks fall

The ASX200 has gained 0.1 per cent as losses for the big retail banks were outweighed by gains for mining giants BHP, Rio Tinto and Fortescue.

Reserve Bank call for calm is welcome amid tariff drama

Federal Treasurer Jim Chalmers says Australia is still well-placed to navigate the economic uncertainty generated by Donald Trump's wide-ranging tariffs.

Don't be spooked by sliding super, funds warn members

Australians are being urged not to panic about their retirement incomes after Donald Trump's trade war sent global markets into a tailspin.

Aussie shares finish flat as gold hits record high

The ASX200 ended the day about where it started, with strong gains for goldminers as the yellow metal breached $US2,900 an ounce for the first time.

Aussie dollar rebounds after dropping to 26-month low

The Australian dollar has moved back above 62 US cents after falling below that level for the first time in more than two years against a surging greenback.

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