Markets

Atlassian shares rocketed after revenue jumped 28 per cent and its billionaire founder pledged to buy up to $356m of stock, pushing back against fears AI could gut the software giant.

Coles is set to shift hundreds of jobs offshore after partnering with a consulting and digital management firm to ensure it can ‘meet customers’ growing expectations’.

Australia’s stock market has set a fresh intraday record high, soaring to just shy of 9300 points in the first 30 minutes of the opening bell on Thursday.

Dan Murphy’s owner Endeavour Group has booked a big fall in full-year profit on the back of hefty writedowns associated with Jayne Hrdlicka’s strategy to turn around the business.

THE NEW YORK TIMES: SpaceX employees and early investors can now cash in on millions of dollars in gains from their company stock but end of the lockup comes at a delicate time.

Wall Street’s main indices have opened higher on the first trading day of August as signs of de-escalating tensions in the Middle East dragged down crude price.

Commonwealth Bank could post a $10.8 billion profit and still disappoint investors, with UBS arguing its lofty valuation leaves little room for anything less than a flawless result.

Rio Tinto will share the windfall of its copper bonanza with shareholders after reporting a massive surge in first-half net profit that was underpinned by production growth of the red metal.

Nvidia’s fresh round of AI infrastructure deals are accelerating a streak of investments that sceptics warn is artificially inflating demand and valuations across the industry.

Myer boss Olivia Wirth says the department chain saw a ‘material downturn in consumer sentiment’ at the end of the financial year that has carried over into July.

Australia could potentially escape Donald Trump’s new 12.5 per cent tariffs by changing Australian law on imported goods made with slave labour, a leading trade expert says.

Demand for open-weight models is soaring, but what does a rise in Chinese labs mean?

The escalating conflict in the Gulf has sent oil prices upwards, fanning fears of inflation, while Alphabet, Intel and Tesla earnings are expected this week.

Smaller companies now offer excellent value versus the big banks according to some of Australia’s leading market experts.

The market discipline that was meant to cage the prince has, in short, become the lever by which the prince escapes the cage.

Oil prices surged 10 per cent to a four-week high overnight, raising fears of another spike in the price of petrol and diesel in Australia.

Oil is climbing as the US and Iran trade attacks in the Gulf, choking the Strait of Hormuz and rekindling inflation risks, while share markets slide in Asia.

The International Monetary Fund has downgraded its outlook for the world economy but remains optimistic that fallout from the Iran war is being offset by AI and new technology.