ASX surges in $80b midterms relief rally as oil slumps; NAB dives, NextDC soars

The country’s biggest business lender said household savings buffers remained strong, but arrears have deteriorated and economic growth is expected to slow.

Iran will bring the Gulf to its knees if Donald Trump unleashes a second round of Operation Fury.

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.

House prices not only determine where people live but the number of children in a family.

The Australian sharemarket extended its losses on Wednesday afternoon as US futures fell in response to the Democratic landslide in the US midterm elections.

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

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.

McLaren Minerals is set for a resource boost at its WA titanium project after final drilling assays delivered strong heavy mineral grades, including 21m at 6.35 per cent HM.

Orbit Resources has hit a 28.1m zone of visual sulphides to cap off stage 2 drilling at its Lewis Ponds project in NSW, with assays now pending for the program.

Dateline Resources and the US Government have appealed a work ban at its Colosseum gold-REE project, arguing its 1985 mining plan at the billion-dollar prospect remains valid.

If a “blue wave” were to materialise in the elections, Trump would lose control of much of his domestic agenda. Expect him to double down.

The rideshare giant lost its appeal of a landmark legal case – a setback that is likely to have a broader impact on the gig economy.