Wall Street plunges as AI stocks tumble, ASX set to slide lower

The Sydney Morning Herald - Nov 5, 2026

Another wipeout for stocks tied to the buildout of AI data centres is overwhelming Wall Street and more than erasing all its gains from the day before, which was its best in three months.

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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.

On knife’s edge: David Jones could appoint administrators by Thursday

Nov 4, 2026

On knife’s edge: David Jones could appoint administrators by Thursday

The 188-year-old retailer is facing imminent collapse after crucial negotiations with its landlords failed.

It’s minutes to midnight: David Jones has run out of survival options

Nov 4, 2026

It’s minutes to midnight: David Jones has run out of survival options

The biggest Black Friday sale this year could be David Jones itself after the department store operator’s last hope for a rescue deal collapsed.

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