Category: 3. Business

  • Stock market today: Live updates

    Stock market today: Live updates

    A television station broadcasts the Federal Reserve’s decision to cut rates on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 10, 2025.

    Michael Nagle | Bloomberg | Getty Images

    Stock futures were little changed on Sunday night following a mixed week on Wall Street amid a big rotation out of tech and into parts of the market trading at lower valuations. Traders also braced for a slew of U.S. economic data reports ahead this week.

    Dow Jones Industrial Average futures rose 43 points, or 0.1%. Futures tied to the S&P 500 gained 0.1% along with Nasdaq-100 futures.

    Those moves come after the S&P 500 and Nasdaq Composite fell last week, as Oracle and Broadcom led a rotation away from artificial intelligence. The S&P 500 lost 0.6% last week, while the Nasdaq shed 1.7%. The Dow, which is less exposed to tech and AI than the other two benchmarks, rose 1.1%.

    Oracle plunged 12.7% for the week, while Broadcom shed more than 7%. The S&P 500 tech sector dropped 2.3%.

    “The S&P 500’s Magnificent-7 might be less magnificent in 2026 as their fierce competition in the AI race starts to erode the monopolies they have enjoyed,” wrote Ed Yardeni, president of Yardeni Research. “The beneficiaries of that competition are likely to be the S&P 500’s Impressive 493.”

    Economic data reports could set the tone for the market in the week ahead.

    November nonfarm payrolls figures are set for release Tuesday, along with October retail sales figures. These reports were delayed due to the U.S. government shutdown that took place in the fall.

    The November consumer price index is due out on Thursday.

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  • New publication released – Quantum technology primer: Overview – Cyber.gov.au

    1. New publication released – Quantum technology primer: Overview  Cyber.gov.au
    2. Quantum Readiness Index 2025  IBM
    3. Ramsey Theory Group CEO and Mathematician Dan Herbatschek  GlobeNewswire
    4. 7 Quantum Computing Trends That Will Shape Every Industry In 2026  Forbes
    5. Engineering the Quantum Leap  UC Davis College of Engineering

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  • Training & consultancy | Austal Limited

    Technologies are changing at a rapid rate and to ensure our customers remain fully supported, we provide tailored training for maintenance and operating crews, as well as specialised training for onboard monitoring and information systems. 

    Our training solutions are designed to enhance crew capability, improve vessel performance, and ensure safe, efficient operations throughout the vessel’s lifecycle.

    Combining classroom learning, digital tools and onboard instruction our globally delivered programs ensure crews are ready for deployment.

    Training we deliver around the world

    • Vessel familiarisation and operations
    • Preventative and corrective maintenance
    • Enterprise Asset Management (EAM) systems
    • MARINELINK system operation and diagnostics
    • Motion control system operation and optimisation
       

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  • Advanced Manufacturing | Austal Limited

    We deliver proven performance, next generation innovation and mission-critical reliability.


    With more than three decades of experience manufacturing ships for commercial and defence customers, and production facilities in Australia, the United States, Philippines and Vietnam, we are renowned for delivering proven and reliable naval vessels.

     

    An efficient, modular approach

    At the heart of our manufacturing approach, is a commitment to quality, efficiency and safety, combining advanced technologies with smart manufacturing processes to deliver vessels.

    We take a modular approach to our shipbuilding operations across the globe. This involves building prefabricated modules of a ship indoors and transferring to our large vessel assembly bays to complete the manufacture of each vessel.

    Automation drives productivity and accuracy across the value chain, from robotic welding, to automated material handling and computer controlled cutting and forming. Our systems minimise error and reduce waste whilst allowing our skilled tradespeople to focus on innovation and craftsmanship.

    Through the application of digital twin technology and with a digital thread connecting each stage of the manufacturing process stage, our customers can be assured of a quality product, that is built on time and on budget.

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  • Asset & lifecycle management | Austal Limited

    Our extensive experience in the maritime domain set us up for success in the development of asset and lifecycle management systems that optimise performance throughout a vessel’s operational life.


    Optimising performance over a vessel’s lifecycle

    Lifecycle Upkeep Sustainment Intelligence (LUSI)

    Our ships are built to operate for decades, supporting our customers as they connect communities and manage fleet operations around the world. To maximise the value and performance of these vessels we developed LUSI, a fully integrated information management platform that consolidates data from onboard systems, asset management tools and engineering processes.

    LUSI captures relevant operational and maintenance data and transforms it into timely, actionable analysis, enabling operators to make informed decisions, plan maintenance more effectively, reduce downtime and enhance vessel capability.

    Lifecycle Upkeep Sustainment Intelligence (LUSI) datasheet

     

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  • Reserve Bank files High Court action against ASB Bank – Reserve Bank of New Zealand

    1. Reserve Bank files High Court action against ASB Bank  Reserve Bank of New Zealand
    2. ASB faces $6.73m penalty for breaching money laundering and terrorism laws  NZ Herald
    3. ASB admits liability for anti-money laundering failures, faces fine  1News
    4. RBNZ files civil proceedings against ASB over Anti-Money Laundering breaches  investingLive

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  • Spotlight on trainees at Minneapolis VA

    Spotlight on trainees at Minneapolis VA

    Veterans and trainees’ approach ‘growth journey as a family’

    At Minneapolis VA, health professions trainees are learning skills to advance their careers, and they’re also providing more access to care for Veterans in need.

    Iida Jacobsen, a trainee in the Occupational Therapy Fellowship Program, is in her second year of training at VA. After getting her license, she chose to do her fellowship with VA since she had such great experience in her field work last summer.

    The primary reason for choosing VA was her love of working with Veterans. “My grandpa was a Veteran, but I feel it goes more beyond that,” said Jacobsen. “I feel like I have a calling to work with Veterans. It’s a natural affinity that has driven me my whole life.”

    Unique learning opportunities

    Iida Jacobsen, OTR/L, a trainee at Minneapolis VA, describes the training she receives at a VA medical center and how she feels about working with Veterans. VA educates more than 122,000 health professions trainees across the nation every year, making VA the largest provider of health professions education in the nation.

    Another reason Jacobsen was drawn to VA is it offered her an opportunity to train across multiple disciplines within the medical center—an experience she described as one of the unique advantages of VA training.

    “The fact that I was able to shadow the pain clinic, inpatient mental health and spinal cord, was a really valuable experience and really speaks to the learning opportunities that VA provides for its students and trainees,” said Jacobsen.

    More than 122,000 trainees in over 60 disciplines trained this year in VA medical centers across the nation, receiving these unique training opportunities. 

    For Michelle Berg, a nurse practitioner resident at Minneapolis VA, the various features of the training programs are reassuring and help build confidence.

    “In clinical, you might order tests, or you might order imaging, but you rarely saw the end result of those,” said Berg. “And so, entering into a residency gives kind of a safety net underneath, after starting to practice and have that additional support.”

    Veterans enjoy working with trainees

    VA trainees often say Veterans enjoy being a part of the learning experience. Jacobsen recalled multiple Veterans saying they hope they are helping her learn something.

    “I really think it speaks to the Veteran population because they still have this definite, deep fulfillment of service to students, to civilians. I really felt a deep sense of gratitude that they still wanted to be a part of the next generation of trainees,” said Jacobsen.

    Laurie Humiston, the Occupational Therapy Fellowship Coordinator for Jacobsen’s program, echoes those experiences in her daily work and believes it is the best part of her job.

    “I get to connect trainees and Veterans through their growth journeys, gaining skills that help each other,” said Humiston. “The trainees become more advanced practice providers, and Veterans get to benefit from that teaching. They also get to see how that teaching happens, and so we all approach that growth journey as a family.”

    Veterans benefit overall

    Berg is thankful for the profound experience gained from working with VA as she transitions into practice as a nurse practitioner. She is glad that the skills she learned will help her to take better care of Veterans.

    “Working with the Veterans and understanding their special needs has been something that no matter where my career takes me, I will now provide better care of Veterans overall,” said Berg.

    For Jacobsen, her love of working with VA stretches beyond the high-quality training. She believes in VA’s mission of caring for those who have served in the nation’s military and encourages others to do so as well.

    “I’m always a deep advocate for VA and for the Veteran population,” said Jacobsen. “So, I would say if this ever reaches any others who are wanting to give VA a shot—let this be a message to make that a reality. It’s an experience that you won’t regret, and VA really has a lot of opportunities and experiences that would aid in any student’s learning.”

    VA partners with more than 1,450 academic institutions throughout the nation, making VA’s health professions education program the largest in the United States. These programs, overseen by the Office of Academic Affiliations, are shaping the next generation of health care professionals for VA and the nation.

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  • Bob on Business: Fort Worth lands dedicated corporate jet services company

    Bob on Business: Fort Worth lands dedicated corporate jet services company

    by Bob Francis, Fort Worth Report
    December 14, 2025

    Companies and individuals with private jets will have a new spot to hang out at Fort Worth Meacham International Airport.

    Private aviation real estate developer and operator Sky Harbour has signed a lease with the city of Fort Worth to operate a boutique dedicated airplane service location at the 100-year-old airport. 

    The West Harrison, New York-based company said it plans to break ground in late 2026 on a $17 million complex consisting of a pair of 32,000-square-foot hangars capable of housing the latest ultra long-range business jets. The Meacham location is expected to create hundreds of local jobs, according to the company.

    Unlike traditional fixed base operators, Sky Harbour offers home base operations, which means they are closed to transient traffic, providing tenants with security and more customized services.  Sky Harbour locations offer pilot lounges, private offices, briefing rooms and hospitality areas 

    Sky Harbour is rapidly expanding its footprint across the U.S., building out high-end, boutique private hangar space for aircraft owners at key airports across the country. 

    According to the city of Fort Worth, the annual revenue generated from the ground lease at Meacham is about $95,725. 

    Sky Harbour has also leased space at Dallas Love Field Airport and Dallas Executive Airport. 

    The company currently has deals or is operating at 23 airports in the U.S., with nine locations in operation and 14 under development.

    Funding for Westside Village infrastructure 

    On Dec. 8, the taxing district covering the Near West Side approved $45 million in infrastructure funds for the $1.7-billion Westside Village development.

    The project, from FW Westside RE Investors, a partnership between Larkspur Capital and Keystone Group, will transform the 37 acres that once housed Fort Worth ISD’s former headquarters at 100 N. University Drive and other nearby sites, including the current Autobahn Fort Worth location. At full build-out, Westside Village will consist of 880,000 square feet of office space, 238,000 square feet of retail, a boutique hotel and 1,785 residential units. 

    Fans of Fort Worth 

    Lasko, a fan and heater manufacturer, has renewed and expanded its lease at 900 Terminal Road in Fort Worth. Lasko had been occupying 218,076 square feet of space at the location but has now expanded its footprint to 468,726 square feet.  Transwestern Real Estate Services brokered the renewal and expansion. 

    Coffee, meet pie  

    White Rhino Coffee, a Dallas-based specialty coffee company known for its community-driven cafes and craft-focused approach, has purchased Emporium Pies, a North Texas dessert destination, with a location at 411 S. Main St. in Fort Worth. White Rhino has a location in Arlington. 

    Bagging it 

    Bag Supply Co. has leased an 18,000-square-foot industrial building in Point 820 in East Fort Worth to expand and relocate its only distribution center outside its home state of Alabama.

    The company is taking up residence at 5911 E. Rosedale St., where it gained roughly 8,000 square feet of extra operating space and has access to Loop 820. Bag Supply has relocated from nearby Everman in tandem with a lease expiration. 

    “Bag Supply chose this project for the immediate freeway access and make-ready space, which was well-suited for its needs,” said Cade Navarro, broker associate in the Fort Worth office of Dallas-based Bradford Commercial Real Estate Services. Navarro represented the tenant, a division of Field Packaging Solutions in Moody, Alabama. 

    The industrial structure was fully renovated in summer 2024 as part of a major upgrade at Point 820, a 31-building project totaling 587,725 square feet. Brett Carlton and Forrest Cook of Stream Realty Partners represented the Boston-based landlord, LRF3 Dal Rosedale.

     Do you have something for the Bob on Business column? Email Bob Francis, business editor for the Fort Worth Report, at bob.francis@fortworthreport.org.At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.

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  • Retail, risks, rates and refixes. Also, BBQs – BNZ

    1. Retail, risks, rates and refixes. Also, BBQs  BNZ
    2. Looking back to go forward – hoping to unlock the mysteries of NZ’s GDP  Interest.co.nz
    3. ‘Return of the investor’: Kiwibank forecasts brighter economic days ahead  NZ Herald
    4. GDP rebound expected to be double RBNZ forecast  National Business Review
    5. Economic Lows Recorded, but Signs Point to Recovery in 2026  Waatea News

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  • Live updates: Wall Street stumbles on tech sell-off, ASX set to fall

    Live updates: Wall Street stumbles on tech sell-off, ASX set to fall

    It wasn’t one of those champagne-popping, record-topping ends to the week on Wall Street.

    The bubbles went flat as traders spent the day executing sell orders on tech stocks, which soured the sentiment across the board.

    The S&P 500 closed 1.1% lower while the blue-chip Dow fell 0.5%.

    The tech-centric Nasdaq tumbled 1.9%. The technology sector within the S&P 500 lost 2.9% as AI punters decided to take some profits off the table in double-jig time.

    The cloud-computing company Oracle, which had prompted the tech wobble earlier in the week with a disturbing mix of weak earnings forecasts and massive spending commitments, dropped another 4.5% on top of Thursday’s 11% capitulation.

    Chipmaker Broadcom closed 11% lower after issuing a warning about its margins, and AI leader Nvidia shed another 3.3%.

    Granite Wealth Management Managing Director Bruce Zaro told Reuters that “continued disappointment and uncertainty over the AI trade and technology trade” pressured the market.

    “I would have thought this choppiness would have ended by now,” he said.

    “We’re in a really, really good seasonal period. Typically, mid-December through the last trading days of the year is traditionally the Santa Claus rally period.”

    European stocks also closed lower with the broad Eurostoxx 600 shedding 0.6%, while the global MSCI was also down 0.6%.

    Over the week, the S&P 500 fell 0.5%, while the ASX was one of the better performers, picking up 0.7%, matching the effort of the Nikkei.

    However, if futures markets are anything to go by, the ASX will give up a fair chunk of last week’s gains, pricing in a 0.6% loss on opening.

    US Treasury yields rose in line with the global vibe that most central banks were nearing the end of their current easing cycle.

    The US dollar was generally stronger, although the Aussie dollar largely held its ground against the greenback. It notched its third successive week of gains and hit its highest weekly close in almost fourteen months.

    On commodity markets, oil prices slipped due to ongoing worries about oversupply building into next year.

    The global benchmark Brent crude fell 1.5% to be down almost 4% over the week.

    Gold pushed above $US4,300 an ounce, while silver slipped on profit taking and copper eased 3% after almost hitting $US12,000/tonne and a new record high.

    Overnight, Bitcoin again dived back under $US90,000.

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