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The Latest Breaking News from Tony Sycamore

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

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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

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".

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.

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

The Guardian - UK

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

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.

International Business Times UK

Australian shares surge as banks, miners rally

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.

US fears push Aussie investors towards local shares

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

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

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

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

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.

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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.

The Guardian - AU

Why is the Australian dollar falling – and what does it mean for interest rates, travel and the economy?

Trump’s higher tariffs and any resulting weakness in China would keep the Aussie under pressure, economists warn

Australian shares plunge again, hitting 100-day low

The ASX200 has dropped 1.2 per cent to finish the week down 2.8 per cent, its second-worst weekly performance of 2024.

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Aussie shares rebound sharply in potential Santa rally

The ASX200 rose 0.8 per cent, rebounding strongly from five days of losses as traders swooped in.

Aussie shares give up gains after strong jobs report

The ASX200 has finished down 0.3 per cent, having plunged 25 points in two minutes after a "blockbuster" labour market report made a February rate cut unlikely.

Aussie shares fall again, hit nearly three-week low

The ASX200 has again finished down and one analyst says if it drops much further, that would trigger a significant pullback.

Australian shares tread water as mega chipmaker reports

The ASX200 finished flat after a better-than-expected earnings from AI chipmaker Nvidia failed to propel the market higher.

Banks help ASX edge higher after three days in the red

The ASX200 has edged higher to lift itself out of a three-day losing streak, as gains in IT stocks and financials outweigh a sluggish materials sector.

Australian shares tumble 1.7 pct as US bond yields rise

Every sector of the ASX has lost ground as Australian shares tumbled in their worst collective daily loss since early September.

International Business Times

Oil Prices Climb Amid Middle East Tensions

The Middle East war is causing oil prices to rise. Brent crude is up 0.71% to $72.49/barrel, while WTI crude is up 0.63% to $68.61/barrel.

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