ASX treads water as Nvidia scandal rocks AI sector; Xero soars

The Sydney Morning Herald - Nov 12, 2026

The Australian sharemarket has finished little changed amid new uncertainty for global markets, with reports Nvidia is preparing to oust its CEO and founder Jensen Huang.

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Please come back, David Jones. I’ll forgive you if you’ll forgive me
Nov 12, 2026

Please come back, David Jones. I’ll forgive you if you’ll forgive me

I see now the error of my bargain-seeking ways and promise to do all my Christmas shopping with DJs, if I can find a store that’s still open.

Chinese car giant BYD apologises after putting wheels on the wrong way
Nov 11, 2026

Chinese car giant BYD apologises after putting wheels on the wrong way

BYD apologised for an assembly mistake that meant some of its Great Tang electric sport utility vehicles had their front and rear wheel rims installed in reverse.

‘Gotta prioritise things’: Bosses brace for a wave of GTA VI sickies
Nov 11, 2026

‘Gotta prioritise things’: Bosses brace for a wave of GTA VI sickies

The video game is the first new instalment in 13 years of one of the best-selling entertainment franchises in history. Australian businesses expect staff absenteeism to soar.

‘We still have a plan’: David Jones to shut 19 stores, thousands of jobs to go
Nov 11, 2026

‘We still have a plan’: David Jones to shut 19 stores, thousands of jobs to go

David Jones has told suppliers and staff that half of its stores will close as the receivers in charge of the embattled department store owner attempt to make the business viable again.

ASX closes higher as BHP rebounds, tech stocks rise; CBA, Macquarie Bank fall
Nov 11, 2026

ASX closes higher as BHP rebounds, tech stocks rise; CBA, Macquarie Bank fall

The Australian sharemarket edged up in Wednesday’s session, erasing early losses and shrugging off falls on Wall Street, where inflation figures spooked investors.

Augustus nails 71m gold hit at WA Music Well project
Nov 11, 2026

Augustus nails 71m gold hit at WA Music Well project

Augustus Minerals has hit a 71-metre-wide gold zone from 15m deep at its Music Well project in WA, with the rods now spinning at a new target with rock chips up to 30.4g/t.

Orbit kicks off partner-funded NSW copper-gold drilling
Nov 11, 2026

Orbit kicks off partner-funded NSW copper-gold drilling

Orbit Resources has started partner-funded drilling at its Goodrich copper-gold project in NSW, targeting extensions to a previous porphyry discovery that hit 136.55m of mineralisation.

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now
Nov 11, 2026

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.

Larvotto extends NSW high-grade gold-antimony system at Hillgrove
Nov 11, 2026

Larvotto extends NSW high-grade gold-antimony system at Hillgrove

Larvotto Resources has hit high-grade gold-antimony up to 9.61g/t gold equivalent at the Freehold prospect in its NSW Hillgrove project, doubling the mineralised strike to 700m.

Qantas using AI as ‘Trojan horse’ for lay-offs, says union
Nov 11, 2026

Qantas using AI as ‘Trojan horse’ for lay-offs, says union

Citing the impact of AI, the airline will send 850 back-office jobs, “mostly” to India, through professional services firm Accenture.

Locksley locks onto 10km copper trend in NSW land grab
Nov 11, 2026

Locksley locks onto 10km copper trend in NSW land grab

Locksley Resources has grown its NSW copper-gold footprint to 1,000sq km after securing a new licence hosting an undrilled 10km geological structure on the prospective Tritton Trend.

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