Oil surges as another AI company makes solid sharemarket debut

Oil surges as another AI company makes solid sharemarket debut

A flat finish for the Australian sharemarket masked a volatile trading session, with the ASX spending most of the day in negative territory as Brent crude oil jumped 5 per cent on renewed uncertainty in the Middle East. The session also followed the blockbuster US debut of another AI-related company, raising fresh questions about where the next investment opportunities in artificial intelligence could emerge. SBS Finance Editor Ricardo Gonçalves speaks with Ben Lam, Head of Equities at Colonial First State, about the outlook for AI investing and the day’s market moves. A flat finish for the Australian sharemarket masked a volatile trading session, with the ASX spending most of the day in negative territory as Brent crude oil jumped 5 per cent on renewed uncertainty in the Middle East. The session also followed the blockbuster US debut of another AI-related company, raising fresh questions about where the next investment opportunities in artificial intelligence could emerge. SBS Finance Editor Ricardo Gonçalves speaks with Ben Lam, Head of Equities at Colonial First State, about the outlook for AI investing and the day’s market moves.

What's in a name? New racism standards come into effect as unis grapple with antisemitism definition

Universities will be required to develop definitions of racism, including antisemitism, Islamophobia and prejudice against Indigenous people, under changes that come into effect next year. It coincides with hearings of the Royal Commission into Antisemitism and Social Cohesion where Jewish students have detailed their experiences on campus. Universities will be required to develop definitions of racism, including antisemitism, Islamophobia and prejudice against Indigenous people, under changes that come into effect next year. It coincides with hearings of the Royal Commission into Antisemitism and Social Cohesion where Jewish students have detailed their experiences on campus.

South Australia unveils plan to outlaw violent offenders from dating apps

A warning - the following story contains elements that may distress some people. South Australia has unveiled a nation-first plan to ban domestic violence and sex offenders from dating apps. It follows a report released by the Australian Institute of Criminology in 2022 that found a third of respondents were subjected to sexual violence by someone they had met on an app or website in the previous five years.

Unexpected passing of Trump ally Lindsey Graham sends shocks through Republican party ahead of midterms

Influential US Senator Lindsey Graham has died suddenly at the age of 71, sending shockwaves through the Republican party and casting doubt on the midterms in South Carolina. Once a staunch opponent turned loyal ally to Donald Trump, Mr Graham is being remembered for his quick wit, influence on Trump, and hawkish US foreign policy. Influential US Senator Lindsey Graham has died suddenly at the age of 71, sending shockwaves through the Republican party and casting doubt on the midterms in South Carolina. Once a staunch opponent turned loyal ally to Donald Trump, Mr Graham is being remembered for his quick wit, influence on Trump, and hawkish US foreign policy.

Fresh strikes as Iran, US argue over Hormuz opening

The United States and Iran have exchanged another wave of strikes, as a growing battle over the Strait of Hormuz pushes last month's diplomatic agreement closer to collapse. The Trump Administration insists commercial shipping will continue through the strategic waterway, while Tehran says it now controls who can pass. The United States and Iran have exchanged another wave of strikes, as a growing battle over the Strait of Hormuz pushes last month's diplomatic agreement closer to collapse. The Trump Administration insists commercial shipping will continue through the strategic waterway, while Tehran says it now controls who can pass.