ASX surges in $80b midterms relief rally as oil slumps; NAB dives, NextDC soars

The Sydney Morning Herald - Nov 5, 2026

The Australian sharemarket soared the most since April as the Democrats’ sweeping US election victory fuelled optimism the Iran war could end soon, sending oil prices plunging.

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NAB profit falls to $6.1 billion as recession risk rises; shares slump
Nov 4, 2026

NAB profit falls to $6.1 billion as recession risk rises; shares slump

The country’s biggest business lender said household savings buffers remained strong, but arrears have deteriorated and economic growth is expected to slow.

Scorched earth: Iran’s revenge against Trump will be devastating
Nov 4, 2026

Scorched earth: Iran’s revenge against Trump will be devastating

Iran will bring the Gulf to its knees if Donald Trump unleashes a second round of Operation Fury.

‘Cool marble, wooden escalators, pure magic’: Remembering the glory days of DJs
Nov 4, 2026

‘Cool marble, wooden escalators, pure magic’: Remembering the glory days of DJs

A shopping trip to David Jones was once a rite of passage for Sydneysiders of a certain age and background. Now the landmark department store is facing the financial axe.

Unaffordability of Sydney homes is a real-time future crisis
Nov 4, 2026

Unaffordability of Sydney homes is a real-time future crisis

House prices not only determine where people live but the number of children in a family.

ASX slides as Democrats’ success flusters Wall Street; oil stocks gain
Nov 4, 2026

ASX slides as Democrats’ success flusters Wall Street; oil stocks gain

The Australian sharemarket extended its losses on Wednesday afternoon as US futures fell in response to the Democratic landslide in the US midterm elections.

On knife’s edge: David Jones could appoint administrators by Thursday
Nov 4, 2026

On knife’s edge: David Jones could appoint administrators by Thursday

The 188-year-old retailer is facing imminent collapse after crucial negotiations with its landlords failed.

It’s minutes to midnight: David Jones has run out of survival options
Nov 4, 2026

It’s minutes to midnight: David Jones has run out of survival options

The biggest Black Friday sale this year could be David Jones itself after the department store operator’s last hope for a rescue deal collapsed.

McLaren eyes big WA titanium resource boost after final assays
Nov 4, 2026

McLaren eyes big WA titanium resource boost after final assays

McLaren Minerals is set for a resource boost at its WA titanium project after final drilling assays delivered strong heavy mineral grades, including 21m at 6.35 per cent HM.

Orbit caps off NSW polymetallic drilling with thick sulphide hit
Nov 4, 2026

Orbit caps off NSW polymetallic drilling with thick sulphide hit

Orbit Resources has hit a 28.1m zone of visual sulphides to cap off stage 2 drilling at its Lewis Ponds project in NSW, with assays now pending for the program.

Dateline, US Govt fight to unlock billion-dollar gold-REE mine
Nov 4, 2026

Dateline, US Govt fight to unlock billion-dollar gold-REE mine

Dateline Resources and the US Government have appealed a work ban at its Colosseum gold-REE project, arguing its 1985 mining plan at the billion-dollar prospect remains valid.

We’ve seen peak Trump, but the next two years will be a rocky ride
Nov 4, 2026

We’ve seen peak Trump, but the next two years will be a rocky ride

If a “blue wave” were to materialise in the elections, Trump would lose control of much of his domestic agenda. Expect him to double down.

Blow for gig economy as Uber loses $81m High Court battle
Nov 4, 2026

Blow for gig economy as Uber loses $81m High Court battle

The rideshare giant lost its appeal of a landmark legal case – a setback that is likely to have a broader impact on the gig economy.

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