Australia posts second-quarter growth of 2.1%, beating expectations
Australia's economic growth beat expectations in the second quarter, expanding 2.1% year on year, data released Wednesday showed.
Markets
Australia Q2 GDP beats forecast, but growth remains subdued
Next week's highlights include: China Politburo Meeting (TBC), Fed Policy Announcement (Wed), BoC Minutes (Wed), Australian CPI (Wed), BoE Policy Announcement (Thu), EZ GDP (Thu), US PCE (Thu), US GDP Advance (Thu), BoJ…
Bathurst FY26 slides: EBITDA hits guidance as growth projects advance
FY26 EBITDA reached NZD $45 million, with strong cash reserves and stable operations. Key growth projects in New Zealand and Canada are advancing, with Buller and Tenas targeting production in 2028 and 2029. FY27 EBITDA…
Trump says U.S. is not forcing Iran to negotiate after fresh round of strikes
President Donald Trump said he was "not trying to force Iran to the bargaining table," as U.S. forces completed a fresh round of strikes against the Middle Eastern country on Tuesday stateside.
Cotton Falls Back Lower on Turnaround Tuesday
Cotton posted Turnaround Tuesday losses of 115 to 169 points at the Tuesday close. Crude oil was $4.92 per barrel higher on the day, with the US dollar index up $0.235.
Corn Rally Extends to Tuesday
Corn futures posted gains of 6 to 8 ¾ cents across most contracts on Tuesday, extending to new highs. There were another 187 deliveries issued against September corn overnight. The CmdtyView national average Cash Corn p…
Stocks Settle Lower as Bond Yields Surge
The S&P 500 Index ($SPX ) (SPY ) closed down by -0.71% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -1.29%. E-mini S&P futur…
Crude Prices Surge on Escalation of US-Iran Hostilities
October WTI crude oil (CLV26 ) closed up +4.46 (+5.20%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.0581 (+1.89%). Crude oil and gasoline prices surged on Tuesday, with crude oil posting a 6-week high. C…
Dell’s AI servers drive a stellar earnings performance, and a raised outlook
The company’s backlog has reached $95 billion as demand accelerates for its AI servers
China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says
China was the only Group of 20 member to dissent from a joint statement that "non-market based economies pushing out a never-ending stream of cheap exports is not sustainable," Treasury Secretary Scott Bessent said Tues…
Palo Alto CEO says $1 trillion of cybersecurity infrastructure isn’t ready for AI
Palo Alto Networks CEO Nikesh Arora said Tuesday that AI is forcing companies to overhaul roughly $1 trillion of aging cybersecurity infrastructure built for a pre-AI world.
Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell Technologies shares moved 9% higher in extended trading on Tuesday after the computer maker reported results and a forecast that easily cleared Wall Street expectations.
Credo’s Optical Ramp Could Decide Whether Its Forward Multiple Holds
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Dell stock jumps after hours as soaring AI server demand prompts guidance raise
Dell Technologies (DELL) delivered a fiscal first-quarter report that stunned Wall Street, sending its shares soaring as much as 38% in extended trading. The Round Rock, Texas-based company posted revenue of $43.8 billi…
U.S. strikes Iran after new Hormuz Strait shipping attacks: Centcom
The U.S. military launched new strikes against Iranian targets around the Strait of Hormuz on Tuesday, U.S. Central Command said in a social media post, after a pair of oil tankers came under attack in the critical ship…
Penn. Gov. Shapiro says too many data center developers 'don't care about our communities'
Pennsylvania Gov. Josh Shapiro said Tuesday that "too many" data center developers don't care about the communities where they are building those artificial intelligence-sector projects, which have met with growing oppo…
This could be the 10-year Treasury’s tipping point into the danger zone
Editor's Note: As U.S. Treasury yields approach the sensitive 5% threshold, global risk assets are coming under pressure. This article opens with the bond market completing the first act of the narrative, then shifts fo…
Anthropic changes data retention policy after pushback from customers
Anthropic on Tuesday announced it will change a controversial data retention policy for its business customers after "a lot of feedback," and it said it plans to implement a new solution called Enterprise Frontier Safeg…
U.S. House votes to avoid government shutdown amid GOP hard-liner resistance
The U.S. House on Tuesday voted, 370-48, in favor of a stopgap spending measure that expected to avert a government shutdown this fall ahead of the 2026 midterm election, though GOP hard-liners vowed to complicate thing…
Bessent touts bond market as 10-year Treasury yield spikes
Treasury Secretary Scott Bessent boasted Tuesday that the U.S. bond market has outperformed the rest of the world since President Donald Trump's return to office. But he made his comments as 10-year Treasury yields rose…
Coffee Prices Slip as Brazil’s Coffee Exports Expected to Accelerate
December arabica coffee (KCZ26) is down -4.40 (-1.41%) today, and November ICE robusta coffee (RMX26) is down -102 (-2.89%).
Crude Rallies on Concern of Prolonged Disruption to Middle East Oil Supplies
October WTI crude oil (CLV26) is up +1.99 (+2.32%) today, and October RBOB gasoline (RBV26) is up +0.0153 (+0.50%).
Bigger Supplies from the Ivory Coast Knock Cocoa Prices Lower
Cocoa prices are retreating today, with London cocoa falling from an 11-month high. Cocoa prices came under pressure today on bigger supplies from the Ivory Coast. Cumulative data from the Ivory Coast, the world’s large…
Canada's Carney slaps Trump admin for 'doing memes ... throwing shade'
Canadian Prime Minister Mark Carney on Tuesday blasted the Trump administration for "doing memes" and "throwing shade" against his nation amid a growing trade war.