Oracle shares surge to their best one-day performance since 1992, which also saw founder Larry Ellison’s personal net worth skyrocket, briefly overtaking Elon Musk as the world’s richest person; ACCC says the average price of petrol across the major capital cities fell 6.5% in the June quarter; and new analysis from Domain shows housing affordability is at breaking point amid high mortgage repayments and the sharpest generational divide in decades.
00:00 How AI is influencing world markets and the global rich list
01:39 Six of the 11 Australian sharemarket sectors ended in the red, with healthcare stocks dragging the index lower
02:27 South Korea’s president says an immigration raid which targeted Korean workers in the US could damage American investment
02:58 Motorists in Australia’s smaller capitals and regional locations have been the major beneficiaries of easing costs at the bowser
03:43 Housing affordability is at breaking point, according to Domain
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