US equity markets advanced and remained on track to book a third straight weekly gain as investors awaited more signs of progress on trade negotiations and responded to fresh economic data - Dow added +102-points or +0.24% Boeing Co -4.79% after an Air India 787-8 Dreamliner jet crashed minutes after taking off in India's western city of Ahmedabad, killing more than 200 people.

Morgans AM - Friday, 13 June 2025

US equity markets retreated on Friday (13 June) after Israel launched a wave of airstrikes on Iran and its nuclear facilities, pushing oil prices sharply higher - Dow dropped -770-points or -1.79% Sherwin-Williams Co -5.7% was the worst performer in the 30-stock index, with analysts at Citigroup cutting their recommendation on the stock to "neutral" from "buy," indicating that the persistence of high mortgage rates and softness in the housing market could weigh on the paint distributor's performance in the near term. Visa Inc fell -4.99% and American Express Co -3.42% after a report in The Wall Street Journal indicated that Walmart Inc (-0.41) and Amazon.com Inc (-0.53%) are considering issuing their own stablecoins, a move that could help the retail giants sidestep the interchange fees charged by credit-card providers. Nike Inc (-3.61%) and Salesforce Inc (-3.19%) also fell over >3%. 

Morgans AM - Monday, 16 June 2025

US equity markets rebounded amid reports that Iran is willing to negotiate over its nuclear program in an effort to contain the conflict with Israel - Dow rose +317-points or +0.75%, with American Express Co (+2.23%), Cisco Systems Inc (+2.22%), investment banks Goldman Sachs Group Inc (+2.33%) and JPMorgan Chase & Co (+2.04%), Nike Inc (+2.26%), and Salesforce Inc (+2.12%) Microsoft Corp +0.88% touched a record all-time intra-day high of US$480.69



Morgans AM - Tuesday, 17 June 2025

US equity markets fell as the Israel-Iran conflict continued to dominate investor sentiment and drive volatility and a fresh spike in oil prices - Dow lost -299-points or -0.70%. Merck & Co Inc (down -3.31%) and Nike Inc (-3.07%) both fell over >3%. Amazon.com Inc (down -0.59%) said its Prime Day discount event for Prime members next month will extend to four days (8 July-11 July).

Morgans AM - Wednesday, 18 June 2025

Morgans AM - Thursday, 19 June 2025

US equity and bond markets were CLOSED overnight.

In US corporate earnings, global professional services company Accenture, used car retailer CarMax Inc, Darden Restaurants and supermarket group Kroger Co report quarterly results on Friday night AEST (20 June). 


Morgans AM - Friday, 20 June 2025

In this exclusive feature profile, we sit down with one of Australia’s most enduring and visionary entrepreneurs — Malcolm Steinberg.

Born and raised in Perth in the 1940s, Malcolm’s entrepreneurial journey began at just 18 years old, when he acquired 21 pinball machines from a relative and began placing them in corner stores, milk bars, and pubs across the city. 

That humble venture marked the beginning of what would become a pioneering career in the world of interactive entertainment.

In 1978, Malcolm launched the first Timezone in downtown Perth — a bold move that would ultimately redefine family entertainment across the Asia-Pacific. 

Over the decades, Timezone grew from a single arcade into a global entertainment powerhouse, with venues in Australia, Southeast Asia, and the Middle East. 

Along the way, Malcolm also founded LAI Games, a Perth-based arcade game manufacturer that has produced some of the world’s most iconic and innovative machines — exporting to over 50 countries worldwide.

But his legacy doesn’t stop at business. 

In honour of his grandmother, a Russian immigrant and early inspiration, Malcolm established the Malka Foundation — a philanthropic venture focused on empowering young people and supporting social enterprise across Australia.

In this conversation, we explore the full arc of Malcolm’s journey: from his early days in suburban Perth, to building Timezone into a generational brand, to giving back through the Malka Foundation. 

Along the way, he shares lessons on reinvention, risk, and building businesses that endure.

The Interview | Australia's most watched business program.

Founder & Host | Rob Langton

Produced & distributed exclusively | Ready Media Group.

Further Information:

https://readymedia.com.au/

https://www.lai.com.au/

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Malcolm Steinberg - LAI Group

US equity markets resumed trading following the Juneteenth National Independence Day holiday, with investors’ attention remaining keenly focussed on developments in the Middle East - Dow inched +35-points or +0.08% higher. Apple Inc rose +2.25% to be the leading performer in the 30-stock index and buck a weaker trend among the so-called ‘Magnificent Seven’, with reports emerging executives have held internal talks about potentially bidding for artificial intelligence (AI) startup Perplexity AI. If regulators order Apple to end its partnership with Google, purchasing Perplexity would make it easier for the company to develop an AI-based search engine. The Bloomberg report came after CNBC confirmed on Friday (20 June) that Meta Platforms Inc (down -1.93%) approached Perplexity AI about a potential takeover bid before ultimately investing $14.3B into Scale AI. Microsoft Corp eased -0.59% to US$477.40 after touching a fresh record intra-day high (US$483.46). Amazon.com Inc lost -1.33% after the news that the UK's Groceries Code Adjudicator has opened a formal investigation over concerns that the retail giant may have breached rules requiring timely payments to suppliers.

Morgans AM - Monday, 23 June 2025

US markets were stronger overnight, as investors shrugged off Iran’s missile attacks on two US military bases in Qatar and Iraq. The view being it is an indication of Iran’s inability or unwillingness to engage in a wider conflict. The Dow rose 0.89% to 42,581.78. Paint manufacturer Sherwin-Williams was the top performer of the 30-stock index, rising 3.1%. 


Morgans AM - Tuesday, 24 June 2025

US equity markets rallied and oil prices tumbled for a second consecutive session as investors welcomed news of a fragile cease-fire agreement between Iran and Israel - Dow rose +507-points or +1.19% to 43,089.02, with six of the index’s components logging gains of over >2%. American Express Co (up +2.92%), Salesforce Inc (+2.95%) and Nvidia Corp (+2.59%) gained over >2.5%. International Business Machines (IBM) Corp (1.59%) and Microsoft Corp (+0.85%) hit record highs.

Morgans AM - Wednesday, 25 June 2025

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with more than 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices across all states and territories in Australia.

Australia's flagship business series, featuring the most in-depth profile of business leaders & rich-listers in generations. 

Founded & hosted by Rob Langton.

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