ASX set to fall, AI stocks rebound on Wall Street; Musk pledges to give SpaceX shares to kids

The Sydney Morning Herald - Oct 19, 2026

Stocks in the AI industry bounced back on Wall Street and recovered some of their steep losses from last week, but the rest of the market and stocks worldwide were shaky.

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ASX creeps higher after dodging AI volatility; energy shares jump

Oct 19, 2026

ASX creeps higher after dodging AI volatility; energy shares jump

The Australian sharemarket has made a bright start to the week, as a rebound in the local banks continues.

The ‘Ozempic face’ discovery that revived a fading giant

Oct 19, 2026

The ‘Ozempic face’ discovery that revived a fading giant

A surprise discovery may have saved one of the world’s oldest chemical companies from sliding into irrelevance.

Stax is back, saved by founders of sneakerhead marketplace

Oct 18, 2026

Stax is back, saved by founders of sneakerhead marketplace

The athleisure brand collapsed in June after an ill-fated retail expansion, but now a new entrepreneurial couple plans to revive it.

Australia clashes with Asian energy giants over gas export crackdown

Oct 18, 2026

Australia clashes with Asian energy giants over gas export crackdown

Labor is risking a backlash from major Asian partners as it forges ahead with contentious rules to divert more gas exports to local consumers.

‘Only the sharks are left’: The $388 billion change shaking up the sharemarket

Oct 18, 2026

‘Only the sharks are left’: The $388 billion change shaking up the sharemarket

There’s been a major shift in how Australians buy shares, sparking debate over whether our market is becoming more prone to wild swings – or even the risk of bubbles.

Trying to find a job is now as toxic as dating apps. I want a career, not a booty call

Oct 18, 2026

Trying to find a job is now as toxic as dating apps. I want a career, not a booty call

Recruiters, your “booty calls” are wearing thin. And it’s time to give up the “ghost”.

Drones as first responders: welcome to the future of policing

Oct 18, 2026

Drones as first responders: welcome to the future of policing

Drones have a bird’s-eye view of the city. The prospect of police departments integrating drones into their workflow raises questions about privacy and police accountability.

The $38b battle for Australia’s top gold miner may be just beginning

Oct 18, 2026

The $38b battle for Australia’s top gold miner may be just beginning

A South African mining giant is seeking to rally investors across Australia to pressure a major local rival into takeover talks.

Weighing the real cost of migration cuts

Oct 17, 2026

Weighing the real cost of migration cuts

An analysis using Parliamentary Budget Office tools shows that One Nation’s immigration policy may add an extra $275 billion to national debt.

A first look at Western Sydney airport’s new international lounge

Oct 17, 2026

A first look at Western Sydney airport’s new international lounge

The new airport has revealed details of an 80-seat mezzanine level facility which will feature a dining area, a bar, an open kitchen, private shower suites and a view of the Blue Mountains.

Ground zero: America’s heartland hit by the fallout of Trump’s bomb

Oct 17, 2026

Ground zero: America’s heartland hit by the fallout of Trump’s bomb

The effects of Donald Trump’s war against Iran and various trade wars are spreading through the US, and rural America is feeling the pain.

Damned if you work, damned if you retire: The Baby Boomers stuck in a catch-22

Oct 16, 2026

Damned if you work, damned if you retire: The Baby Boomers stuck in a catch-22

It’s a generation that has been defined by a fat-cat minority – but Boomers are increasingly working well past retirement age.

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