The conflict between Iran and the United States continued on Tuesday after Tehran launched a ballistic missile attack targeting U.S. forces in the Middle East, while President Donald Trump hosted Israeli Prime Minister Benjamin Netanyahu at the White House for talks centred on Iran and regional security. The meeting marked Netanyahu's first visit to Washington since the U.S. and Israel launched
Australia's annual inflation rate eased in June, although underlying price pressures remained unchanged as housing costs and electricity prices continued to drive inflation. The Consumer Price Index (CPI) rose 3.8% in the 12 months to June 2026, down from 4.0% in May, according to the latest data from the Australian Bureau of Statistics (ABS). Markets had expected headline inflation to remai
Boeing reported a wider-than-expected second-quarter loss as costs associated with its delayed Air Force One program weighed on earnings, although stronger revenue and better-than-expected cash generation signalled continued progress in the aerospace manufacturer's turnaround. The company posted an adjusted loss of US$0.76 per share, wider than analysts' expectations for a $0.28 per share loss.
United States benchmark averages finished mixed on Tuesday (Wednesday AEST) as gains in Boeing and Coca-Cola offset weakness in semiconductor shares, with investors positioning for a busy week of Big Tech earnings and the Federal Reserve's latest interest rate decision. The Dow Jones Industrial Average rose 537.2 points, or 1%, to 52,747.3. The S&P 500 gained 15.6 points, or 0.2%, to close at 7
Coca-Cola shares surged 5% during United States trading on Tuesday to close at a record high after the beverage giant delivered better-than-expected second-quarter earnings and revenue, supported by robust global demand and a stronger full-year outlook. The company reported adjusted earnings per share (EPS) of US$0.97, beating analysts' expectations of $0.93, while revenue rose to $13.37 billio
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Porsche will eliminate around 9,000 jobs by 2035 as the luxury carmaker restructures amid weakening demand in China, slowing electric vehicle adoption and rising competition from Chinese manufacturers. The German automaker reached an agreement with labour representatives on Monday to remove 5,000 additional positions through measures including natural attrition and voluntary exit programmes, av
United States consumer confidence unexpectedly weakened in July as Americans grew more cautious about the economy, with perceptions of the labour market remaining subdued despite easing concerns over energy prices and geopolitics. The Conference Board's Consumer Confidence Index fell to 90.8 in July from an upwardly revised 92.2 in June. Economists had expected the index to edge higher to 92
OpenAI is in talks with Nvidia over a potential US$250 billion credit backstop that would help finance the development of a massive artificial intelligence data centre campus in Ohio, according to reports. The proposed arrangement would allow OpenAI to raise debt for a 10-gigawatt data centre project in Pike County, Ohio, using Nvidia's credit strength as support, CNBC reported, citing a person
CME Group is preparing to launch a new generation of equity derivatives that could reshape how investors gain exposure to individual United States stocks. The derivatives exchange operator will introduce Single Stock Futures (SSFs) on 27 July, pending completion of regulatory reviews, covering more than 50 leading U.S. companies across major benchmarks including the S&P 500, Nasdaq-100 and Russ
Nvidia has secured a long-term supply of advanced artificial intelligence (AI) memory from South Korea's SK Hynix as part of a US$500 billion agreement aimed at expanding global AI infrastructure and easing concerns over shortages of critical components. The deal, announced in San Francisco on Friday, includes the construction of large-scale AI data centres expected to begin operating in 2027.
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