Market Reports

• Australian Market Report: The sharemarket had its largest one-day fall in seven weeks on Friday, wiping out more than $40 billion as financial stocks led the bourse lower despite Macquarie bank reporting a bumper $4.8 billion profit..... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq notched record highs on Friday, boosted by gains in Nvidia, Sandisk and other AI-related stocks, while a stronger-than-expected jobs ​report pointed to labor market resilience..... [more]

• European Market Report: The major European markets finished under water again on Friday for a second straight session, opening firmly lower and then remaining in the red throughout the trading day to end at session lows..... [more]

• Asian Market Report: Asian stocks declined on Friday as renewed hostilities between the U.S. and Iran lifted crude oil prices and revived inflation worries..... [more]

Australian Business News

• We see the U.S. jobs report this week confirming a resilient but gradually cooling labor market, with moderate payroll growth and layoffs holding steady. U.S. stocks are hitting records amid ongoing Middle East supply disruptions..... [more]

• Weekend Wrap: Corporate chatter, Lithium M&A and Data centre deals. The retail setting has taken a turn for worse, lithium M&A is on the rise and some massive moves in the data centre space..... [more]

• Treasurer Jim Chalmers has revealed the tax on offshore gas projects has raised more revenue than expected this year, as he prepares to hand down a budget focused on fixing a "broken" housing market and tax system..... [more]

• Shane Oliver: Australians aren't getting ahead - and the Budget might not fix it. Is this genuine reform or just higher taxes? AMP's Shane Oliver breaks down the upcoming Budget’s biggest challenges..... [more]

• The hidden CGT impact millions of Australian investors are ignoring. Everyone’s talking about the impact on property regarding the proposed changes to capital gains tax (CGT) to be announced in the federal budget next week, but.... [more]

• ‘Rents will skyrocket’: Expert warns negative gearing changes will hurt younger Australians, not help them. A multi-millionaire property investor who owns 25 properties is blowing up about the negative gearing changes.... [more]

• Barefoot Investor Scott Pape has delivered a brutal reality check to property investors concerned about the looming budget..... [more]

• Barely three months out from the next superannuation performance test, big health industry fund, HESTA, has dropped insurance fees by an average of 12%..... [more]

• Criticism of proposed changes to superannuation laws that allow perpetrators to financially benefit.... [more]

• QBE Insurance Group shares fell 2.08% to A$22.18 despite reporting solid first-quarter earnings, as markets weighed elevated catastrophe costs and softening pricing momentum against solid top-line growth and investment income..... [more]

• Could you increase your retirement spending by 66%? A major retirement study suggests many retirees could safely spend far more than they do - but fear and uncertainty keep wallets closed..... [more]

• ADX Energy has bolstered the potential of its Austrian exploration campaign, sniffing out six additional gas-bearing intervals after a tactical decision to push the HOCH-1 well deeper than originally planned..... [more]

• Altitude Minerals has identified three compelling drill targets that could represent Macquarie Arc pipe-like porphyry deposits at its Byrock project in NSW..... [more]

• Norwest Minerals (ASX:NWM) has obtained “outstanding” results from amenability and recovery testwork on oxide and transition composite samples from the Bulgera project in Western Australia..... [more]

• Design software giant Canva has halted normal operations across its 5300-strong global workforce for five days of nothing but AI learning and hackathons, bucking the global wave of technology giants that have slashed jobs.... [more]

• ASIC was dubbed a ‘watchdog with no teeth’. Has Joe Longo changed it?.... [more]

• Analysis - Gareth Hutchens: Confounding bankers' assumptions, the RBA's post-COVID rate hikes caused Australians to work more, not less.... [more]

• Opinion - Bernd Struben: 3 compelling reasons to buy CSL shares today. A leading fund manager forecasts a looming rebound for CSL shares. But why?.... [more]

World Business News

• Wall St Week Ahead Data, Iran, US-China meeting in focus for scorching US stock market.... [more]

• Energy Secretary Floats Pause in Federal Gas Tax. The tax is a little over 18 cents a gallon for gasoline. With the average national price above $4.50, the measure will provide little relief..... [more]

• Top economist Mark Zandi warns the record-high stock market is detached from economic reality. Moody's top economist has been bearish on his outlook for the US all year, and he sees a disconnect forming.... [more]

• As Nvidia earnings draw closer, here are 5 things investors need to watch. The chip maker’s stock has been a laggard — but Goldman Sachs sees five potential catalysts that could come out of its earnings call later this month.... [more]

• A ​Microsoft (MSFT.O), data center site in East Africa has been ‌delayed by disagreements with the Kenyan government over the company’s request for guaranteed payments,.... [more]

• Qualcomm stock surges 20% after earnings tease a mystery chip deal.... [more]

• Big Tech’s AI spending is depriving investors of juicy payouts. Goldman Sachs expects S&P 500 share buybacks to grow only 3% this year, as a shaky economic backdrop and AI cost pressures force spending reconsideration.... [more]

• Dunkin’ and Buffalo Wild Wings owner Inspire Brands has confidentially filed for an initial public offering, the company announced on Friday..... [more]

• Amazon Supply Chain Services: How big of a risk is this for transports?.... [more]

• Nike (NKE.N), was sued on Friday by consumers who accused the athletic apparel and footwear maker of ​not refunding tariff-related costs it passed on in the ‌form of higher prices. In a proposed class action, consumers said.... [more]

• McDonald’s focus on value lifts first-quarter sales, but company says gas prices could dent demand.... [more]

• Target is trying to win back busy families from Walmart, starting with the baby aisle.... [more]

• CEVA earnings up next: Can AI royalties offset revenue dip?.... [more]

• A ​former attorney at Wachtell, Lipton, Rosen & Katz who went on to join an investment bank is an unindicted co-conspirator in a vast insider trading case that involved tips ‌from lawyers on corporate mergers,.... [more]

• ‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war? The economic warnings are bleak, but full extent of shortages are still not felt for many European countries.... [more]

• TG Jones faces administration if not restructuring by end of July, lenders told. Modella Capital, the owner of the chain that was formerly WH Smiths high street shops, has laid out its turnaround plan to the company’s creditors..... [more]

• Mike Ashley admits he was behind video that brought down JD Sports chair. Sports Direct founder says people in his employ recorded footage of Peter Cowgill meeting another retail boss.... [more]

• Italian fashion house Giorgio Armani is considering ​selling a 15% stake in three ‌equal parts following the designer's death, potentially bringing in three buyers he had selected as shareholders, a ​newspaper reported on Sunday..... [more]

• Italy's biggest bank Intesa Sanpaolo (ISP.MI), on Friday reported better-than-expected quarterly earnings and ruled out any moves on Generali (GASI.MI), as speculation around the future of the insurer intensifies..... [more]

• China April exports rebound strongly, trade surplus widens ahead of Trump visit.... [more]

• DeepSeek to soon close first external fundraising in US$50b valuation: sources. Backers include AI-focused affiliates under the third phase of the China Integrated Circuit Industry Investment Fund, sources say.... [more]

• TikTok has rowed back on an AI feature which incorrectly summarised some videos on the platform, including claiming a celebrity was fruit. The company's 'AI overviews' recently began appearing beneath content on the platform.... [more]

• EU-Japan joining hands to break China’s supply chain grip. Brussels dialogue marks hardening joint push to cut dependence on Chinese minerals, clean tech and industrial inputs.... [more]

• Engineering services firm ABB India (ABB.NS), reported a fourth consecutive drop in quarterly ​profit on Friday, as higher input ‌costs and foreign exchange volatility weighed on margins..... [more]

• Modi Urges Indians to Conserve Fuel, Curb Costly Oil Imports.... [more]

• Iran war disruptions spark higher costs and lost income in Bangladesh.... [more]

• Aramco, the world’s largest oil company, reported Sunday that its first quarter profits jumped 25% over last year, as it increased exports by using a pipeline that avoids shipping through the Strait of Hormuz,.... [more]