Stock Market

The ASX has reversed its earlier fall after Wall Street rallied strongly on Friday.

A new wave of cheaper, powerful Chinese AI models are gaining traction and challenging the dominance of US tech giants Anthropic and OpenAI. 

The Australian share market managed to finish its week higher, while petrol and diesel prices are set to rise as the Albanese government's cut to the fuel excise will expire at end of this weekend. Presented by David Chau.

Australian shares rose for a fourth consecutive month on Friday, and corporate regulator ASIC announced it is suing auditors linked to the collapsed First Guardian Master Fund.

Ampol's refining margins have jumped 250 per cent due to the Strait of Hormuz closure. Catch up on the day's news about markets and economic data as it unfolded on the blog.

The ASX 200 jumped to its highest level in almost five months after the ABS released better-than-feared inflation figures, which reduced the odds of an interest rate hike in August. Presented by David Chau.

The ASX rallies after annual inflation eased back to 3.8 per cent in June, according to the ABS. 

The Australian share market reversed earlier losses to finish at a 20-day high despite a steep sell-off of AI and technology stocks in Asian markets and a drop in oil prices.

The ASX has enjoyed its best session in six weeks as global oil prices slump on easing tensions in the Middle East.

A flare-up in Middle East hostilities led to the oil price surging above $US100 per barrel. The likelihood this will worsen Australia's inflation problem led to the ASX 200 finishing its week lower. Presented by David Chau.

Origin Energy has told the ABC the cyber security investigation is continuing.

Shares in Origin Energy have given up ground after the company confirmed a customer data hack. See how the day's business and economics news unfolded on the live blog.

Domino's Pizza shares fell after it lost a wage underpayment case in the Federal Court. The ASX gained ground. See how the day's business and economics news unfolded on the live blog.

Nine Entertainment shares were steady following news of redundancies at publications including The Age, The Sydney Morning Herald, Brisbane Times and WAtoday. On the ASX, the share market has finished flat after a negative session on Wall Street.

Elon Musk's latest venture sent global stock markets to dizzying heights, but its performance since does not augur well for the company or the future of the AI boom.

The ASX edged lower as markets fret about war and inflated AI valuations. Look back on how the session unfolded on our markets blog.

Supermarket giant Coles has abandoned plans to acquire Greencross' pet businesses after an investor backlash. Banks and miners weighed on the Australian share market, while tech and artificial intelligence stocks — across Wall Street and Asia — fell sharply on concerns about overspending and potential AI bubbles. Presented by David Chau.

BHP Group's investors are in a world of pain today. It follows Thursday's operational update from the miner. 

The Aussie share market ended the day steady as SpaceX shares see more than $1 trillion wiped from its highs. 

The Australian share market gained ground on Wednesday after weaker-than-expected US inflation figures boosted Wall Street and reduced the likelihood of the Federal Reserve lifting interest rates.