Australia Breaking News

Federal Reserve Bank of San Francisco President Mary Daly says inflation should start to slow but the economic outlook remains uncertain during a Bank of Spain event in Santander, Spain.

Rick Rieder, global fixed income CIO at BlackRock, says "hiring is stable, but I would say, broadly unimpressive," as he examines the June US jobs report.

Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the June jobs report will help Federal Reserve Chairman Kevin Warsh be patient on rates as well as benefit the bond market. He speaks on "Bloomberg Surveillance."

US hiring slowed sharply in June as nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Thursday. Michael McKee reports on Bloomberg Television.

Robinhood Markets is expanding in the UK and Europe with a new offering of agentic AI and perpetual futures, a type of derivative investment, with crypto trading expected to come to the UK "soon". It's part of a broader international push, even as the field of fin-tech apps in the UK and the EU grows increasingly competitive. Vlad Tenev - CEO and co-founder of investment platform joined Caroline Hepker and James Woolcock on Bloomberg radio to discuss the changes.

OpenAI has begun preliminary discussions about giving the US government a 5% stake in the ChatGPT-developer. The Financial Times reported that executives proposed the move as part of a broader arrangement under which Washington would hold 5% of each of the leading American AI developers. Matthew Bloxham of Bloomberg Intelligence has more.

US employment growth is expected to show an improvement in June with the unemployment rate holding steady at 4.3%. Michael McKee has a preview on Bloomberg Television.

Oil extended its drop for a third day, as flows through the Strait of Hormuz climbed. Aathira Prasad, Director of Macroeconomics at Nasser Saidi & Associates, spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on the oil supply and prices for the rest of 2026.

Nigeria is undergoing a financial revival, with the country's benchmark stock index surging 52% in dollar terms this year, making it the world's fourth-best performer. But while President Tinubu's economic overhaul is celebrated in financial markets, many everyday Nigerians still feel left out. Chief Africa Correspondent Jennifer Zabasajja reports.

Analysts say the emergence of a leveraged exchange-traded fund tied to semiconductor firm SK Hynix has grown so large, so fast, that it is magnifying swings in both the stock and South Korea's entire Kospi index. Bloomberg's Charlotte Yang reports.

Lombard Odier's EMEA CIO Nannette Hechler-Fayd'Herbe discusses the outlook for tech stocks, volatility and where she sees opportunities beyond artificial intelligence and semiconductors. She speaks on Bloomberg Television.

Stocks fell as a selloff in chip stocks spread to South Korea, reviving concerns the rally in artificial intelligence shares may have gone too far. Bloomberg's Anthony Stephens reports.