Money News

Live sports continue to draw massive audiences, Global streaming giants like are bidding for major sports rights, and Facebook faces damning claims of unethical business practices.

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The Australian sharemarket reset its record high for the second time this week after an unexpected tick up in the unemployment rate to 4.3 per cent bolstered bets for an interest rate cut from the Reserve Bank of Australia next month.

MARKET WRAP:

• ASX200: Up 0.9% or 77 points to 8,639
• GOLD: Down 0.5% to $3,330 USD per ounce
• BITCOIN: One coin is buying $183,873 Australian dollars

CURRENCY UPDATE:

• AUD/USD:  64.75 US Cents
• AUD/GBP:  45 British Pence
• AUD/EUR: 55 Euro Cents
• AUD/JPY:  96 Japanese Yen
• AUD/NZD: $1.09 New Zealand Dollar

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Australian real estate agents will be subject to new anti-money laundering and counter-terrorism financing regulations from July 1 2026.

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In a shock to markets and the RBA, the Australian Bureau of Statistics on Thursday reported the nation’s jobless rate rose by 0.2 percentage points in June to 4.3 per cent.

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Australia's unemployment rate rose to 4.3 per cent in June, up from 4.1 per cent in May, stunning economists, and laying the groundwork for another rate cut from the RBA.

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The Australian sharemarket logged its sharpest one-day loss since early May; fears that a recent rebound in iron ore prices toward $US100 a tonne won’t be sustained; probiotics companies are surging across global markets and recently released ATO tax data shows unpaid super is now costing Australians $5.7bn each year in lost retirement savings.

Host: Scott Haywood

Executive Producer: Nelson Scott

Technical Producer: Liam Achurch

Publisher: Nine Radio

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New analysis from the Super Members Council on recently released ATO tax data shows unpaid super is now costing Australians $5.7bn each year in lost retirement savings.

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A growing consumer understanding of gut health's crucial role in overall wellbeing has seen probiotics companies surge across global markets

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The Australian sharemarket logged its sharpest one-day loss since early May, as a shift in risk sentiment – driven by sticky US inflation and renewed US tariff rhetoric.

MARKET WRAP:

• ASX200: Down 0.79% or 68.50 points to 8,561.80
• GOLD: Up 0.53% to $3,369 USD per ounce
• BITCOIN: One coin is buying $182,790 

CURRENCY UPDATE:

• AUD/USD:  65 US cents
• AUD/GBP:  48 British pence
• AUD/EUR: 56 Euro cents
• AUD/JPY:  97 Japanese Yen
• AUD/NZD: $1.10 NZ dollars

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A recent rebound in iron ore prices toward $US100 a tonne is unlikely to be sustained, due to China stockpiling a surplus supply amidst a decline

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