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ABC News
12 minutes ago
- ABC News
Markets live updates: Stocks fall ahead of Trump's tariff deadline, US Fed keeps interest rates on hold
US President Donald Trump says the August 1 deadline for imposing higher "reciprocal" tariffs stands. Local stocks are poised to follow Wall Street lower after the US central bank left interest rates on hold. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.

Sydney Morning Herald
42 minutes ago
- Sydney Morning Herald
Brisbane news live: Queensland's ‘rental squeeze' continues
Latest posts Latest posts 7.13am While you were sleeping Here's what's making news further afield this morning: Fears of a devastating tsunami faded late yesterday for the US and Japan, after one of the strongest earthquakes ever recorded struck off a sparsely populated Russian peninsula, but new alerts along South America's Pacific coast forced evacuations and closed beaches. Legendary rocker Ozzy Osbourne was farewelled in his native Birmingham overnight. The cortège of the Prince of Darkness was driven through his home city in central England before a private funeral, stopping at a bench dedicated to the band on the Broad Street canal bridge, along the city's major thoroughfare. Prosecutors are moving to take control of the home where Erin Patterson poisoned her lunch guests with death cap-laced beef Wellingtons so it can be sold to compensate her victims' families. Google has cancelled a parliamentary concert featuring rock band The Rubens after federal Labor announced YouTube, which the tech giant owns, would be added to Australia's social media ban for under 16s. In other tech news, billionaire Scott Farquhar has defended widespread adoption of AI after the tech giant he co-founded slashed 150 jobs in roles exposed to the new technology. A Sydney plumber facing the death penalty for his alleged role in the execution-style murder of Melbourne man Zivan 'Stipe' Radmanovic inside a luxury Balinese villa last month claims he was 'just helping a friend'. The Australian Tax Office is set to review a decade-old decision to write off penalties and interest related to a tax dispute with an investment company owned by former prime minister Paul Keating. And Australia was rocked by a food poisoning drama at the world swimming championships in Singapore on Wednesday night after Sam Short announced he would not line up in the 800m freestyle final. 7.08am The top local stories this morning Good morning, and welcome to Brisbane Times' live news coverage for Thursday, July 31. Today we can expect a mostly sunny day with a top temperature of 21 degrees. In this morning's local headlines: Brisbane 2032's independent infrastructure delivery body has walked back claims the proposed National Aquatic Centre at Spring Hill would cost taxpayers more than $1 billion to build. The nuclear-powered USS Ohio has quietly slipped into Brisbane for the first time, and for its crew, silence is not only a motto, it's a way of life. Deputy Premier Jarrod Bleijie has announced that Queensland's powerful public inquiry into the CFMEU will be given wide scope to consider a new 'fit and proper person' test for officials, and to scrutinise workplace agreements. In sport, Curtis Scott reached rugby league's greatest heights, suffered a fall, and rebuilt himself through combat sports. Now, the former Melbourne Storm premiership winner has declared he can launch an NRL comeback.

The Age
42 minutes ago
- The Age
Brisbane news live: Queensland's ‘rental squeeze' continues
Latest posts Latest posts 7.15am Queensland's 'rental squeeze' continues: REIQ To start off our Thursday, let's take a look at the latest rental figures from the Real Estate Institute of Queensland (REIQ). New data from the June Quarter 2025 Residential Vacancy Rate Report has shown the state's rental market remains tight, but stable, with vacancies remaining at or below 1 per cent in the majority of regions. 'This continued rental squeeze, while not worsening, is continuing to make a strong case for more investors and more rental accommodation to meet demand,' REIQ chief executive Antonia Mercorella said. Here are some quick-fire stats from this report: Qld's vacancy rate sits at 1 per cent Noosa has some of the highest vacancy rates at 2.4 per cent North Queensland towns, Rockhampton and Townsville, had minor falls of -0.1 per cent 7.13am While you were sleeping Here's what's making news further afield this morning: Fears of a devastating tsunami faded late yesterday for the US and Japan, after one of the strongest earthquakes ever recorded struck off a sparsely populated Russian peninsula, but new alerts along South America's Pacific coast forced evacuations and closed beaches. Legendary rocker Ozzy Osbourne was farewelled in his native Birmingham overnight. The cortège of the Prince of Darkness was driven through his home city in central England before a private funeral, stopping at a bench dedicated to the band on the Broad Street canal bridge, along the city's major thoroughfare. Prosecutors are moving to take control of the home where Erin Patterson poisoned her lunch guests with death cap-laced beef Wellingtons so it can be sold to compensate her victims' families. Google has cancelled a parliamentary concert featuring rock band The Rubens after federal Labor announced YouTube, which the tech giant owns, would be added to Australia's social media ban for under 16s. In other tech news, billionaire Scott Farquhar has defended widespread adoption of AI after the tech giant he co-founded slashed 150 jobs in roles exposed to the new technology. A Sydney plumber facing the death penalty for his alleged role in the execution-style murder of Melbourne man Zivan 'Stipe' Radmanovic inside a luxury Balinese villa last month claims he was 'just helping a friend'. The Australian Tax Office is set to review a decade-old decision to write off penalties and interest related to a tax dispute with an investment company owned by former prime minister Paul Keating. And Australia was rocked by a food poisoning drama at the world swimming championships in Singapore on Wednesday night after Sam Short announced he would not line up in the 800m freestyle final. 7.08am The top local stories this morning Good morning, and welcome to Brisbane Times' live news coverage for Thursday, July 31. Today we can expect a mostly sunny day with a top temperature of 21 degrees. In this morning's local headlines: Brisbane 2032's independent infrastructure delivery body has walked back claims the proposed National Aquatic Centre at Spring Hill would cost taxpayers more than $1 billion to build. The nuclear-powered USS Ohio has quietly slipped into Brisbane for the first time, and for its crew, silence is not only a motto, it's a way of life. Deputy Premier Jarrod Bleijie has announced that Queensland's powerful public inquiry into the CFMEU will be given wide scope to consider a new 'fit and proper person' test for officials, and to scrutinise workplace agreements. In sport, Curtis Scott reached rugby league's greatest heights, suffered a fall, and rebuilt himself through combat sports. Now, the former Melbourne Storm premiership winner has declared he can launch an NRL comeback.