United States President Donald Trump said the United States may strike Iran again within days if Tehran fails to reach an agreement with Washington, warning that he had come close to authorising military action before delaying the decision. Speaking to reporters at the White House on Tuesday, Trump said, "I was an hour away from making the decision to go today," adding that Iran’s leaders were
Google has halved the entry price of its top-tier AI subscription, launched a cloud-resident personal agent and unveiled a new multimodal generation model capable of producing and editing video from any combination of inputs. The announcements landed at Google I/O 2026 - the company's annual developer conference at Shoreline Amphitheatre in Mountain View - 10 years after Alphabet committed its
As wholesale motor oil prices rise rapidly, some industry experts warn of imminent shortages caused by the war in Iran. The issues are due to damage to key facilities in the Middle East and the shutdown of the Strait of Hormuz. The risk is that some of the most popular kinds of motor oil will be in very short supply, forcing drivers to delay getting their oil changed or rely on suboptimal lu
Wall Street’s major indexes closed lower on Tuesday (Wednesday AEST), with technology stocks leading declines as Treasury yields surged to multi-year highs amid persistent inflation concerns and ongoing uncertainty surrounding tensions between the United States and Iran. The Dow Jones Industrial Average fell 322.2 points, or 0.7%, to 49,363.9, while the S&P 500 dropped 49.4 points, or 0.7%, to
The United States’ Securities and Exchange Commission (SEC) has announced an overhaul of regulations governing how companies offer shares and report information to investors in a bid to encourage more of them to list on U.S. stock exchanges. In one of the most ambitious reforms of U.S. capital markets in decades, the SEC said the changes would expand the number of companies able to issue share
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OpenAI has cleared another hurdle in its path toward a possible US$1 trillion initial public offering (IPO) with a jury ruling against Elon Musk in his lawsuit against the artificial intelligence (AI) company he jointly founded in 2015. In a unanimous verdict, a federal court jury in California found Musk filed his claims too late under the statute of limitations, ending a three-week trial that
Kevin Warsh will be sworn in to lead the Federal Reserve by President Donald Trump on Friday. Warsh was Trump’s top pick for the job and will succeed Jerome Powell, whose term expires Friday. Powell intends to remain on the Board of Governors until he is satisfied that a Trump administration criminal probe of him is fully wound down. Powell was sworn in as temporary chair on Friday to b
The return on a median growth superannuation fund return so far in the 2026 financial year (FY26) was 6.4% after a rebound in global share markets in April, Chant West said. The research, data and analytics provider said the balance of a median growth fund (61–80% invested in growth assets) rose 2.6% in April, recouping a significant portion of the 3.2% loss in March. Chant West said interna
Gold shed another leg as rising bond yields and a stronger dollar erased the safe-haven bid, copper pulled back from its COMEX record to US$12,000 per tonne, and the Hormuz oil shock quietly crossed a milestone markets have been slow to price - cumulative output losses closing in on one billion barrels. Energy and base metals kept absorbing the Gulf conflict's fallout, with the Strait closure h
United States industrial production rose by the most in more than a year in April, signalling growing momentum in the sector despite mounting cost pressures linked to tariffs and the Iran conflict. Output at factories, mines and utilities increased 0.7% in April, following a revised 0.3% decline in March, according to Federal Reserve data released Friday. The result exceeded market expectati
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