AI Bubble Fears Fuel Australian Market Turmoil
Australian market volatility triggered by AI bubble fears, with ASX index dropping 7% after record high despite Nvidia rally.
Australian market volatility triggered by AI bubble fears, with ASX index dropping 7% after record high despite Nvidia rally.
Global markets fall on AI stock worries; oil prices swing after Iran-Israel strikes. Asian and European indices drop sharply.
Tesla shareholders approve $1tn pay package for Elon Musk, the largest corporate payout in history if goals are met.
FTSE 100 drops 1.27% in biggest one-day fall since April, led by Melrose and Antofagasta, as AI valuation fears and rate cut hopes weigh on markets.
Klarna says AI has halved its workforce since 2022 while boosting pay by 60%, with further job cuts possible.
Manchester United have been handed a significant boost in their pursuit of Borussia Dortmund and Germany World Cup star Felix Nmecha, who favours a move to Old Trafford over Newcastle United.
The cheapest petrol in Greater Manchester on 29 June is at Asda Sportcity at 142.7p per litre, saving up to £6 per tank compared to the most expensive station.
A poll of 2,000 adults finds 64% of Brits enjoy American comfort food for its ease and appeal. Salted caramel is the top flavour combo, followed by cookies and cream. Gen Z leads the trend.
Gold hits $5,100, silver record high as Trump tariff fears and US shutdown concerns drive safe-haven buying. UK unveils £11bn export loan scheme.
NS&I slashes rates and Premium Bonds prizes from November; alternatives include Coventry, Yorkshire, Atom, Skipton accounts.
William Hill reports 57% revenue drop during lockdown, plans staged shop reopening as live sport resumes.
WPP profits plunge 71% as clients cut ad spending amid Trump tariffs; workforce reduced and dividend halved.
AstraZeneca shares dip after announcing direct NYSE listing, replacing ADRs, while reaffirming UK headquarters and London listing.
European markets fall as Trump renews tariff threats; UK manufacturing warns of 'wrecking ball' effect; EU considers tariffs on $93bn US goods.
The Royal Mint launches a 50p coin for the British Grand Prix centenary, featuring a 1926 Brooklands car and a 2026 F1 car, the first UK coin to honour motorsport.
Larry Ellison briefly overtook Elon Musk as the world's richest person after Oracle shares surged, but Musk regained the top spot by market close.
A collection of rare British coins, including a Charles I Gold Triple Unite, sold for £1.1 million at auction in London.
Gold prices fall after Trump says gold bars will not be tariffed, ending market uncertainty and easing concerns for Swiss bullion exports.
Sunderland have rejected an £8million bid from Chelsea for midfielder Granit Xhaka, insisting the Swiss star is not for sale this summer despite interest from incoming Blues boss Xabi Alonso.
Bank of England holds interest rates at 3.75% as expected, lowers inflation forecast amid Middle East uncertainty and falling oil prices.
FTSE 100 jumps 1.7% on first trading day of 2021, led by Entain surge after MGM bid, amid vaccine rollout optimism.
Travel expert Simon Calder says Ryanair is the best airline globally due to its safety record, value, and crew, despite criticism over extras and baggage rules.
Aldi has submitted planning applications for new stores across the UK, including a £7 million branch in Wirral, and confirmed 16 new openings in 2026 as part of a £370 million investment.
Taylor Swift and Bad Bunny named Spotify's most-streamed artists of all time, with The Weeknd, Drake, and Ariana Grande rounding out the top five.
A £9.5 million jackpot is up for grabs in tonight's National Lottery Lotto draw. Results at 8pm, with Thunderball offering £500,000.
The State Pension age rise to 67 in the UK will cost pensioners up to £4,182.52 on average from July 6, with those born between July 6 and August 5, 1960, affected first.
A £9.5 million National Lottery jackpot is up for grabs tonight, with two chances to win. The Thunderball draw offers a £500,000 top prize. Draws at 8pm and 8.15pm.
A pair of Wimbledon Centre Court debenture tickets sold for £586,000, highlighting the exclusive resale market that bypasses the public ballot.
Burger King president Tom Curtis mocks McDonald's CEO Chris Kempczinski with a giant Whopper bite in a TikTok video, escalating the fast food rivalry.
China warns EV makers to stop price wars and curb production amid overcapacity and deflation risks, with Xi Jinping criticizing overinvestment.