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Good afternoon,

First the capitulation, now comes the uncertainty. Donald Trump has backed down from his own negotiating ledge, and Wall Street applauded by staging the biggest rally since the global financial crisis, writes Eric Johnston.

A sharp and simultaneous sell-off in stocks and bonds this week raises an obvious question – just how close is the Federal Reserve to stepping in to protect the US financial system.

Billionaire Andrew Forrest says young Australian men are under the mistaken impression that nuclear energy is ‘pretty cool’.

Vesna Poljak
Business Editor
The markets


Commentary
‘I congratulate Trump’ on his latest tariff chess move
By ROBERT GOTTLIEBSEN
Business Columnist
Just as Australia remains grateful for the US defence umbrella, it makes sense for Donald Trump to recognise the new relationship. Let’s talk about it.
Latest news
Local bourse bounces back on tariffs reprieve
Australian stocks soared on Thursday with the ASX 200 index rising as much as 6.3 per cent after a significant backdown by the US administration on tariffs.
By DAVID ROGERS
Healthscope moves to cut ties with Northern Beaches Hospital
The country’s second largest private hospital operator, owned by Brookfield, has confirmed it wants to discuss handing back the keys of the Northern Beaches Hospital to the NSW government.
By BRIDGET CARTER
‘Sincerely sorry’: Virgin to refund 61,000 customers
The airline has admitted to overcharging more than 60,000 customers who made itinerary changes in the last five years.
By ROBYN IRONSIDE
Rovo and Rovers: Mike Cannon-Brookes wants to go to Mars
The Atlassian billionaire is hatching his own plans to go to Mars – well at least sell software there – and already has a head start on Elon Musk to fulfil a long-held dream.
By JARED LYNCH
Harbouring a desire for views to die for?
Sydney’s Kirribilli is known for its harbour and city views and new apartment developments in the suburb are taking full advantage.
By LISA ALLEN

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