Australia Breaking News

The US Supreme Court shielded funds from some investor lawsuits in a 6-3 vote, blocking activist investors from suing 11 closed-end funds. Tyler Kendall reports on Bloomberg Television.

On this episode of Stock Movers with Alexis Christoforous: - Oracle (ORCL) shares are lower after the company reported quarterly capital expenses that were higher than estimates. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, which ends in May 2027. - Hugo Boss (BOSS) shares are moving on news Frasers Group Plc offered to buy the rest of Hugo Boss AG for about 2 billion ($2.3 billion) as billionaire Mike Ashley seeks to add another fashion brand to his growing collection. - Stitch Fix (SFIX) shares are moving as it bumped up its fiscal-year outlook after revenue rose in its latest quarter, citing a boost from efforts to improve its customer experience and assortment.

The bull market has room to run says Evercore's Julian Emanuel. "I would say that the true FOMO the wild-eyed, buy at any cost, whatever it is I'll take it is still potentially ahead of us," Emanuel said on "Bloomberg Surveillance."

US producer prices increased 6.5% in May from a year earlier, the fastest pace since November 2022, and advanced 1.1% from April as the fallout from the Iran war continued to fan inflation pressures. Michael McKee breaks down the data on Bloomberg Television.

Anduril Industries Inc. Chief Executive Officer Brian Schimpf says the company would "absolutely" consider building its next weapons manufacturing hub outside the US. Speaking to Bloomberg News Editor-in-Chief John Micklethwait at Founders Forum in the UK, Schimpf adds "there's a lot of manufacturing talent that exists" across Europe.

UK Business Secretary Peter Kyle reacts to the resignation of Defense Secretary John Healey from Prime Minister Keir Starmer's cabinet. Healey cited the constraints placed on his long-delayed defense investment plan by the chancellor of the exchequer. "All I can say is that we are in a moment in time when we are investing enormously into our defense," Kyle says in an interview with Bloomberg's Lizzy Burden at the Founders Forum event, outside London. "I don't know the circumstances of John's resignation, because I've just heard it the same time you've read it out there."

Citadel's Angel Ubide warns Europe needs to look past internal squabbles and seriously consider how to integrate quickly if it wants to catch up to its global rivals. The economist, who heads up Citadel's global fixed income and macro economic research was speaking to Stephen Carroll on Bloomberg's "Daybreak Europe" radio program.

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, says the melt up has begun as markets remain resilient ahead of the SpaceX IPO "landmark moment."

Yimei Li, CEO, China Asset Management Company tells Bloomberg's Minmin Low interest in China onshore markets from international investors is still more on the transactional side, with long time allocators not fully back yet. Li was speaking at Bloomberg Invest 2026 in Hong Kong.

Oracle shares declined in premarket trading after the company reported quarterly capital expenses that were higher than estimates. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, which ends in May 2027. Bloomberg Intelligence's Matthew Bloxham has more.

Recursive Co-Founder Tim Rocktäschel speaks with Bloomberg's Tom Mackenzie from the Founders Forum in Oxfordshire, UK.

The week SpaceX launches its highly-anticipated initial public offering. Chairman and CEO of Voyager Technologies Dylan Taylor says ultimately more attention on the space sector will be good for the industry as a whole. Taylor spoke to Bloomberg TV's Francine Lacqua on Wednesday June 10.