Mining giants weigh down ASX; Trump lashes out after Wall Street’s $4.6 trillion wipeout

The Sydney Morning Herald - Nov 6, 2026

The Australian sharemarket has slumped at the open after a brutal selloff swept through Wall Street, led by stocks tied to the buildout of AI data centres.

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‘Came to say goodbye’: Shelves stripped bare as luxury brands desert David Jones
Nov 5, 2026

‘Came to say goodbye’: Shelves stripped bare as luxury brands desert David Jones

David Jones’ owners have appointed administrators, which is expected to trigger an extensive restructure of the company and thousands of job losses.

The billionaire who’s a winner from David Jones’ collapse
Nov 5, 2026

The billionaire who’s a winner from David Jones’ collapse

The collapse of David Jones is expected to give its rival Myer a boost, as reflected in the surging Myer share price.

Right Resources puts 3km NSW tungsten trend in spotlight
Nov 5, 2026

Right Resources puts 3km NSW tungsten trend in spotlight

Right Resources has uncovered multiple tungsten targets at its Moonlight prospect in NSW, with rock chips returning high grades of up to 0.61 per cent tungsten trioxide and anomalous gold.

Aftermarket raid: Embattled data centre company NextDC’s shares soar
Nov 5, 2026

Aftermarket raid: Embattled data centre company NextDC’s shares soar

Major delays to NextDC’s flagship Melbourne facility left it vulnerable to an “opportunistic” raid by two rivals seeking to buy up to 10 per cent of the company.

This unspoken tradition is stalling our economy. But is it really so bad?
Nov 5, 2026

This unspoken tradition is stalling our economy. But is it really so bad?

This months-long pause isn’t carved into any legislation, but is an unofficial countrywide practice.

Aureka lands production licence for historic Vic gold mine
Nov 5, 2026

Aureka lands production licence for historic Vic gold mine

Aureka Ltd has landed a production licence for its Comstock gold project in Victoria, paving the way for a mining restart and a second ore source for its Wedderburn mill.

Down $60b, and counting: The midterms’ biggest loser isn’t Trump. It’s Elon Musk
Nov 5, 2026

Down $60b, and counting: The midterms’ biggest loser isn’t Trump. It’s Elon Musk

The world’s richest man invested heavily to back Republican candidates, much of it in Texas. He wasted his money and now faces obstacles to his artificial intelligence ambitions.

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.

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