ASX set to fall, AI stocks drive Wall Street higher; Anthropic IPO oversubscribed

The Sydney Morning Herald - Nov 11, 2026

A rebound for stocks in the artificial intelligence industry is lifting the US market.

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Locksley locks onto 10km copper trend in NSW land grab
Nov 11, 2026
Locksley locks onto 10km copper trend in NSW land grab

Locksley Resources has grown its NSW copper-gold footprint to 1,000sq km after securing a new licence hosting an undrilled 10km geological structure on the prospective Tritton Trend.

Peruvian copper muscle drives US$50M earnings bonanza for Rio2
Nov 11, 2026
Peruvian copper muscle drives US$50M earnings bonanza for Rio2

TSX-listed Rio2 Ltd banked US$115M in quarterly revenue and US$50M in EBITDA as its Peruvian copper mine delivered and its weather-affected Chilean gold continued to ramp up in Chile.

Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million
Nov 11, 2026
Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million

The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.

I can tell you why Qantas sent 850 jobs to India in just two words
Nov 11, 2026
I can tell you why Qantas sent 850 jobs to India in just two words

When bonuses are tied to profits, company leaders make short-term decisions that benefit themselves.

CBA’s late mortgage payments tick up as interest rate rises bite
Nov 11, 2026
CBA’s late mortgage payments tick up as interest rate rises bite

Data from the Commonwealth Bank of Australia attributed the small increase in the number of people struggling to inflation and rising interest rates.

Capability X takes AI brains to the industrial jungle
Nov 11, 2026
Capability X takes AI brains to the industrial jungle

Perth AI developer Capability X is heading to the ASX with $12 million in the bank and multiple devices deployed, using technology to target industrial safety and automation.

The midterm message to Trump and Albanese: Fix the economy to keep your job
Nov 10, 2026
The midterm message to Trump and Albanese: Fix the economy to keep your job

What can governments do about cost of living? Nothing that is quick or painless.

Stressed and out of pocket: David Jones’ great-great-great grandson is owed money, too
Nov 10, 2026
Stressed and out of pocket: David Jones’ great-great-great grandson is owed money, too

Ben Nothling, a sixth-generation descendant of the Welsh entrepreneur David Jones, owns a shoe business. He’s owed $130,000 by the collapsed retailer.

Who is Alice Huang? The suspected Chinese spy at the centre of the Nvidia scandal
Nov 10, 2026
Who is Alice Huang? The suspected Chinese spy at the centre of the Nvidia scandal

At the heart of the controversy surrounding one of the world’s biggest companies is a former television journalist suspected of spying for the Chinese government.

Who keeps crashing China’s sharemarket?
Nov 10, 2026
Who keeps crashing China’s sharemarket?

China is again in the midst of a sharemarket rout. The blame game has already begun.

ASX jumps, shrugging off weak consumer confidence, as oil prices fall
Nov 10, 2026
ASX jumps, shrugging off weak consumer confidence, as oil prices fall

The Australian sharemarket had a strong session after US President Donald Trump said the Iran war “is effectively over”, boosting hopes for an end to the conflict that has driven up global energy costs.

Auric supercharges WA gold growth with 68Koz Iron Maiden deal
Nov 10, 2026
Auric supercharges WA gold growth with 68Koz Iron Maiden deal

Auric Mining has struck a deal for the Iron Maiden gold project near Norseman, adding a historical 68,500-ounce resource and potential future feed for its Burbanks mill.