The Australian share market is likely to start its day relatively flat despite a rebound in oil prices ahead of the next round of US-Iran peace talks.On Wall Street, the Dow Jones Industrial Average hit a record high after welcoming Google's parent Alphabet to the exclusive 30-stock index. Follow live.See how the trading day unfolds on our blog.Disclaimer: this blog is not intended as investment advice.PinnedTue 30 Jun 2026 at 7:48amTue 30 Jun 2026 at 7:48amMarket snapshotBy David ChauASX futures: flat at 8,824 pointsASX 200: +0.7% to 8,823 pointsAustralian dollar: -0.2% at 68.86 US centsWall Street: Dow Jones (+0.6%), S&P 500 (+1.2%), Nasdaq Composite (+2.1%)Europe: DAX (-0.2%), FTSE (-0.2%), Stoxx 600 (flat)Spot gold: -1.8% to $US4,016/ounceOil: Brent futures (+1.1% at $US72.78/barrel), WTI futures (+1.8% to $US70.48/barrel)Iron ore: flat at $US100.25/tonneBitcoin: +1.1% at $US60,232Prices current around 7:30am AESTCollapse all postsFilter PostsAll9Key Events6Market snapshot1Company news1Key EventTue 30 Jun 2026 at 8:42amTue 30 Jun 2026 at 8:42amACCC sues Amazon, alleging Prime Video unfair contract termsBy Stephanie ChalmersThe consumer watchdog is suing tech giant Amazon's Australian arm, alleging it breached the law through unfair terms in its Prime subscription contracts.The ACCC said that between November 2023 and August 2025, Amazon AU’s Prime contracts contained what the regulator alleges were five unfair contract terms that allowed it to unilaterally make negative changes during the contract period without offering subscribers a remedy.The ACCC is also alleging that Amazon Australia "later relied on one or more of these unfair terms when it introduced ads to Prime Video in Australia in July 2024".Amazon Prime Video had previously been almost entirely free of ads."Consumers who wanted to avoid ads were left with no choice but to pay more to maintain the service they’d initially signed up for," ACCC chair Gina Cass-Gottlieb said.It said Prime had more than one million annual subscribers in Australia during the period.We'll bring you more detail shortly.Tue 30 Jun 2026 at 8:34amTue 30 Jun 2026 at 8:34amMarkets recap: Alan Kohler's finance reportBy David ChauIn case you need a refresher before the ASX opens, I can certainly recommend you watch Alan Kohler's finance report.In last night's segment on the 7pm News, Alan discussed the surprisingly subdued market reaction to US-Iran hostilities over the weekend.He also displayed a chart comparing previous 'booms and busts' with the current AI investment frenzy:Tue 30 Jun 2026 at 8:31amTue 30 Jun 2026 at 8:31amWhoopsBy Stephanie ChalmersThis morning you have negatives in front of the Wall st stock market figures. They should be positive.- ChrisThanks Chris, we've fixed that in our snapshot. Indeed Wall Street ended higher.Typos strike the best of us, especially pre-8am.Key EventTue 30 Jun 2026 at 8:25amTue 30 Jun 2026 at 8:25amASIC says too many Australians' retirement savings are being wiped outBy David ChauSuperannuation funds have been called out by the corporate regulator for a 'troubling' lack of safeguards.The Australian Securities and Investments Commission (ASIC) arrived at this view after examining six investment trustees with $300 billion in retirement savings.ASIC commissioner Simone Constant says "immediate attention" is needed to deal with persistent gaps in advice fee controls.You can listen to her interview with The Business guest-host David Taylor here:Key EventTue 30 Jun 2026 at 8:12amTue 30 Jun 2026 at 8:12amPrivate health group Ramsay given special access to public hospital emergency patientsBy David ChauRamsay Health Care has been granted special access to a Queensland public emergency department (ED) under a scheme that gives the corporate behemoth priority to transfer privately insured patients to its nearby facilities.Under the trial, set to be rolled out nationally, a Ramsay-employed nurse placed in the ED at Sunshine Coast University Hospital facilitates the transfer of patients with private health insurance.However, consumer advocates are worried patients could feel pressured and want those concerns taken into account when evaluating the pilot program.Ramsay says it is coordinating with other hospitals around Australia to introduce similar nurse liaison roles.For more, here's the story by Alison Branley:Key EventTue 30 Jun 2026 at 8:03amTue 30 Jun 2026 at 8:03amAre the wheels falling off the AI investment boom?By David ChauAustralia's big superannuation groups are set to unveil yet another year of solid, if not spectacular gains.But it's worth noting the returns have been driven by what many perceive as a rapidly inflating bubble centred around one key issue: AI spending.It's a boom driven by a mere handful of corporations that have embarked on a race for domination that not all will win.Along the way, their market valuations have been bloated beyond any reasonable level as international investment funds have poured into them.While it's possible the new technology will enhance productivity, it's equally possible that too much money has been spent chasing elusive gains.For more, here's the latest analysis from the ABC's chief business correspondent Ian Verrender:Key EventTue 30 Jun 2026 at 7:57amTue 30 Jun 2026 at 7:57amDow Jones hits new record high, after adding Google's parent company to indexBy David ChauWall Street's tech and AI stocks rebounded from last week's sell-off, driving the S&P 500 and Nasdaq Composite up by 1.2% and 2.1% respectively.The Dow Jones Industrial Average rose 0.6% to a new record high of 52,183 points.This was after Google's parent company Alphabet was added to the Dow for the first time, which sent its shares 5% higher.Essentially, the tech giant will experience higher demand as ETFs (exchange traded funds) and other investment funds that track the performance of the Dow index will have to buy its shares, which will boost its share price.There are only 30 stocks in the Dow index, which also includes stocks like Amazon, Apple, Microsoft, Nike, Disney, JP Morgan and McDonald's.So the admission of Alphabet means one company was kicked out of the index.And that company was American telco giant Verizon, which saw a meagre 2% increase to its share price over the past 12 months.Alphabet, on the other hand, jumped 98% over the past year, mainly driven to investors' insatiable demand shares of tech giants investing heavily in artificial intelligence infrastructure.The AI trade, arguably, is showing signs of excessive speculation, which my colleague Ian Verrender has written an insightful column about. I'll have more to say about that shortly!Key EventTue 30 Jun 2026 at 7:49amTue 30 Jun 2026 at 7:49amASX to open steady, oil prices jump ahead of US-Iran negotiations resumingBy David ChauGood morning, and welcome to the ABC's finance blog. I'll be guiding you through the latest market action for the next few hours.At this stage, it looks like the local share market will have a quiet start to its day and open relatively flat.The Australian dollar is still near a three-month low of 68.85 US cents.US and Iran peace talks move to QatarIt comes as the US and Iran agreed to cease hostilities and resume their longer-term peace talks — after both sides launched tit-for-tat strikes against each other on the weekend.US President Donald Trump has confirmed negotiators from both countries will next meet in Qatar's capital, Doha, on Tuesday (local time) for "technical talks".Ahead of that meeting, oil prices jumped again with Brent crude futures up 1.1% to $US72.78 per barrel.Still, that price is still close to pre-Iran war levels, which indicates traders are feeling incredibly optimistic — some would argue too optimistic.Essentially, they're pricing in a swift end to the war and oil and gas flows returning to normal soon — even though very few ships are passing through the Strait of Hormuz each day, major disagreements about the fate of Iran's nuclear program and significant damage to energy infrastructure of Iran's neighbouring Gulf countries.Anyway, you should grab a coffee, tea or whatever you normally have in the morning, and I'll have more updates for you shortly!