BUSINESS

Australia's ASX 200 recovered modestly after reaching an 11-week low, but remains under pressure from rising global bond yields, expected rate increases, AI concerns and broader market weakness.

LeBron James has invested in Southern California birria brand Mike's Red Tacos, which is preparing to open its first Pasadena restaurant and expand through hundreds of franchise locations.

Advanced Micro Devices shares rose 3.48% as semiconductor stocks recovered from Monday's AI-driven sell-off, despite continued uncertainty over spending, interest rates and future demand.

Dell Technologies shares rose 4.68% in midmorning trading after a sell-off, as investors focused on record AI server orders, stronger guidance and a $95 billion backlog.

Bitcoin fell to $76,150 as markets priced in a likely Federal Reserve rate rise, while sustained US spot Bitcoin ETF outflows and selling by long-term holders pressured prices.

Forgent Power Solutions reported record fourth-quarter results, with revenue up 94%, bookings soaring 375% and backlog reaching $3 billion as shares gained 10.09%.

The Nasdaq fell for a second day as investors reassessed AI infrastructure spending following safety concerns and awaited the Federal Reserve's upcoming interest rate decision.

Uber CEO Dara Khosrowshahi says savings from 3,300 corporate layoffs will help reduce fares, but the company has provided no targets or timeline for lower prices.

The FTSE 100 fell 0.81% as surging oil prices linked to Strait of Hormuz disruption and rising US Treasury yields pressured global markets ahead of central bank decisions.

How streaming platforms, social clips, creators, ads, and live chat are reshaping sports coverage money, rights deals, fan habits, and media work.

Japan's Nikkei 225 rose 0.20% on Tuesday as technology shares recovered from a sharp sell-off, though concerns over AI spending, interest rates and oil prices kept investors cautious.

South Korea's KOSPI recovered modestly by midday Tuesday as domestic investors bought beaten-down shares, cushioning renewed losses in Samsung Electronics and SK Hynix amid broader AI market concerns.

Ora Banda Mining shares fell 3.78% as gold prices weakened amid rising bond yields and interest-rate expectations, despite recent gains following progress on its Waihi underground mine.

Tesla plans to begin shipping Optimus humanoid robots to commercial customers in 2027, but limited production, shifting forecasts and manufacturing challenges cast doubt on the schedule.

EQ Resources shares climbed as record tungsten prices, stronger production and investor backing supported the Australian producer's rapid expansion across mines in Queensland and Spain.

Unusually wet weather across parts of Australia could increase algae, debris and water-quality problems in neglected pools, while experts recommend cleaning, testing chemistry and maintaining filtration through winter.

Telix Pharmaceuticals shares rose 11.26% after the FDA approved Pixclara, its brain cancer imaging drug, extending a rally driven by the regulatory milestone.

The ASX 200 fell to its lowest level since July as Wall Street losses, rising oil prices, AI-related technology volatility and expectations of another RBA rate increase weighed on sentiment.

Salesforce shares gained 3.73% ahead of Dreamforce 2026, where the company is expected to showcase new Agentforce AI agents, its Anthropic partnership and long-term strategy.

Warren Buffett's warning about speculative markets is drawing renewed attention as high valuations, rising oil prices, bond yields, inflation concerns and AI uncertainty unsettle investors.

Yelp shares rose 2.68% to $21.87, but remained near a 52-week low as investors weighed mixed earnings, cautious guidance, AI investments and divided analyst views.

GSK shares climbed after the company reported encouraging clinical trial results for two lung cancer treatments, strengthening its oncology strategy despite mixed analyst views on the stock.

Elon Musk has endorsed Anthropic CEO Dario Amodei's warning about advanced AI risks, even as Musk, Anthropic and OpenAI face scrutiny over their technology investments and IPO plans.

Palantir shares advanced as investors shifted away from AI chipmakers after warnings about frontier model development, while strong commercial growth supported the enterprise software company's outlook.

Sydney Sweeney's provocative Novig campaign has attracted millions of views and widespread discussion, while criticism from athletes raises questions about its impact on the sports prediction platform's reputation.

SanDisk shares fell 5.18% as investors assessed DeepSeek's memory-efficient AI model, renewed calls to slow frontier AI development and the potential impact on future chip demand.

SK hynix ADRs fell 6.3% as investors feared slower frontier AI development could reduce demand for high-bandwidth memory, despite record results and upbeat shipment guidance.

Broadcom shares fell 4.45% as an AI safety debate added to concerns about margin pressure, valuation and the outlook for custom AI chip spending.

Micron shares fell 5.8% alongside other memory stocks as investors weighed potential AI spending risks, semiconductor tariffs and legal concerns ahead of the company's 30 September results.