Business News

Market summary Facts The S&P 500 closed higher after opening with losses. Investor flows shifted away from artificial intelligence-related stocks and into healthcare and consumer sectors. Eli Lilly and UnitedHealth were specifically cited as recipients of that shift, alongside other healthcare and consumer companies. Analysis The late-session recovery in the S&P 500 reflects a sector

US markets react to worsening inflation signal US equity indices recorded their steepest single‑day fall since July after a fresh signal indicated inflationary pressures have intensified. The market move followed release of data and commentary that market participants interpreted as evidence of a worsening inflation outlook. Facts US stocks recorded their largest one‑day decline since

Global law firm HFW has welcomed back two former partners to its specialist shipping practice after they spent the last five years at rival firm Squire Patton Boggs. Facts Two lawyers who were previously partners at HFW have rejoined the firm. They had been with Squire Patton Boggs for the past five years. Their return

Summary Facts: Australians are being described as facing ‘recession-like’ conditions. This development coincides with a structural shift in the drivers of growth: the economy has become more dependent on population increases than productivity gains, a dynamic that has now materialised in a way that is affecting policymakers. Analysis: The characterisation of conditions as ‘recession-like’ signals

Nasdaq records a new closing high as Nvidia and Microsoft lead gains Facts The Nasdaq finished at a record closing level on Monday. Shares of Nvidia and Microsoft were key contributors to the move higher. Investors were paying attention to a fall in oil prices. Market participants were also focused on upcoming quarterly earnings reports.

Australia will encounter intensified international attention on its climate performance at an upcoming summit in Fiji as the federal government evaluates approval for a significant expansion of a coal mine. Facts An international summit will be held in Fiji where Australia’s climate record is expected to be discussed. The Australian federal government is considering approval

Podcast flags Motivation Foundation’s next steps in WA On 2 October 2026 the At Close of Business podcast, hosted by Isabel Vieira and Ella Loneragan, addressed the Motivation Foundation’s next steps in Western Australia. Facts Programme: At Close of Business podcast. Date: 2 October 2026. Hosts: Isabel Vieira and Ella Loneragan. Subject discussed: the Motivation

Facts Techteryx is a cryptocurrency operator. Techteryx has succeeded in a Western Australian Supreme Court application to obtain documents from a wheat exporter based in Subiaco. The application forms part of Techteryx’s wider actions targeting the trader Aria Commodities internationally. Analysis Securing court-ordered disclosure from a domestic exporter demonstrates Techteryx is using local legal processes

Development Mark Allison, who previously served as managing director of Elders, has been selected as the next chairman of the Craig Mostyn Group. Facts Mark Allison is the former managing director of Elders. He has been chosen as the next chairman of the Craig Mostyn Group. Analysis The appointment places an experienced corporate leader at

Facts Lynas Rare Earths has reached an agreement to acquire Meteoric Resources for $968 million. Meteoric Resources holds what is described as the largest ionic clay rare earths resource outside China. Analysis The transaction represents a material expansion of Lynas’s resource base in ionic clay-hosted rare earths. For executives and investors, the deal signals a