The ASX is set to open higher following fresh records on two of Wall Street's major stock exchanges. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Game III of the State of Origin series achieved record-breaking viewership, becoming the highest-rated TV program of 2026 with 4.29 million average viewers and a total of 6.032 million viewers. The streaming audience also saw a significant 70.9% increase.
Developer IFM has submitted plans to Brisbane City Council to demolish the interior of the Wintergarden shopping centre in Queen Street Mall and replace it with two levels of shops. The proposal includes removing the iconic butterfly screen and restoring the old brick facade, aiming to create a pedestrian link and revitalise the retail precinct.
A major Telstra outage on Wednesday caused significant disruption to small businesses, with an expert estimating the economic cost could reach hundreds of millions of dollars. Businesses reported being unable to communicate with clients and suppliers, leading to lost sales and productivity.
First-term MP Daniel Pastorelli is poised to enter WA cabinet, replacing retiring Paul Papalia. This move, favored by Premier Roger Cook, follows Pastorelli's rapid rise from communications director to chief of staff under Mark McGowan and Cook. The decision may cause internal tension but could balance factional representation. A by-election will be held for Papalia's former seat.
Australian sprinter Gout Gout will miss the World Under-20 titles in Eugene, Oregon, due to a hamstring injury sustained in training. The 18-year-old announced he is out for the season, focusing on rehab for a return in 2027.
Former Liberal MP Daryl Maguire is on trial for conspiracy to commit an offence related to a visa scheme. His barrister argued he was unaware of fraudulent components, believing the "legit" initiative was lawful and focused on connecting businesses with visa applicants.
