Market Reports

• Australian Market Report: The Australian sharemarket fell to a three-week low on Tuesday. The S&P/ASX 200 dropped 55.7 points, or 0.6 per cent, to 8710.70, its sixth session in the red in a row. .... [more]

• U.S. Market Report: The Nasdaq Composite fell on Tuesday, underperforming ​the benchmark S&P 500 and the blue-chip Dow, after a report that said OpenAI had missed its internal revenue target raised fresh ‌concerns about the AI spending spree..... [more]

• European Market Report: European markets closed mixed on Tuesday with investors closely following the developments on the geopolitical front and looking ahead to the monetary policy meetings of several top central banks..... [more]

• Asian Market Report: Asian stocks ended mostly lower on Tuesday as U.S.-Iran talks remained at a standstill and investors braced for earnings news from several of the "Magnificent Seven" companies this week..... [more]

Australian Business News

• Negative gearing tax breaks could finally be tightened in the May budget. What options are on the table?.... [more]

• Scrapping CGT and negative gearing tax breaks for property investors will likely see rents rise but far from the 30 per cent figure claimed by some in the industry, an economist says..... [more]

• The most popular ETFs in SMSFs. A look into the funds Aussie investors are backing..... [more]

• How to Buy Shares in Australia: A Beginner’s Guide.... [more]

• Investment in artificial intelligence (AI) has entered a new phase where returns have “diverged” between the winners and losers, as whole-of-theme gains have moved aside for a “selective”, individual company-based approach..... [more]

• 5 ASX high-flyers with fuel in the tank. Five ASX stocks that have defied the gloom. IML's Lucas Goode and Hayborough's Ben Rundle weigh in on whether the rally has further to run..... [more]

• Health insurance giant Bupa has been accused of anti-competitive behaviour in its dealings with private hospitals, which critics say is ultimately reducing choice for Bupa customers..... [more]

• Viridis Mining and Minerals has bolstered its executive firepower by appointing one of the leading figures in the global rare earths sector to its board as it charges towards development in Brazil..... [more]

• Lindian Resources has moved to bulletproof the downstream strategy for its 51 per cent-owned Sareco mixed rare earths concentrate facility in Kazakhstan, securing a long-term, low-cost domestic supply of sulphuric acid.... [more]

• AuKing expands portfolio with acquisitions and raises $5 million.... [more]

• Jade Gas Holdings (ASX:JGH) has achieved another key milestone on its path to commercialising the TTCBM gas project in Mongolia..... [more]

• Ora Banda Mining has bolstered its boardroom credentials by appointing seasoned director John Richards as a non-executive director, effective 1 May. The mining veteran has also been lined up as chair-elect ahead.... [more]

• Barkly Rare Earths has officially received the green light to kick off a massive 10,000-metre exploration campaign at the company’s flagship Barkly rare earths project in the Northern Territory after being granted.... [more]

• Stellar shows Tassie’s critical minerals story is more than just tin.... [more]

• ADX Energy has fired up fresh drilling momentum at its HOCH-1 shallow gas well in Upper Austria, punching down to 398 metres after sidestepping early subsurface setbacks. The stage is now set for a swift sprint to total depth,.... [more]

• Proteomics International Laboratories has drawn a line under its long research phase and is now marching toward what every listed biotech eventually needs - commercial traction..... [more]

• Telstra Super’s acting chief investment officer Kate Misic is joining HESTA as head of portfolio design at the $100 billion fund. Reporting to HESTA chief investment officer Sonya Sawtell-Rickson.... [more]

• AI giant Anthropic hires Australian boss as it opens local office.... [more]

• Family-owned Aussie mattress retailer A.H. Beard collapses into voluntary administration. A beloved family-owned Australian business has collapsed into voluntary administration after 126 years of business..... [more]

• Comment/Analysis - Maria Recouvreur: From dominance to decline – what went wrong for Myer and David Jones?.... [more]

• Opinion - Elizabeth Knight: David Jones has a historic and iconic place in the history of Australian retailing, but like many department stores, it has been in structural decline for decades..... [more]

• Opinion - Tristan Harrison: A rare buying opportunity in 1 of Australia's top shares?.... [more]

• Opinion - Melissa Browne: This Mother’s Day, why not skip flowers that’ll only last a week anyway and ask for something far more meaningful? Ask your partner to split their super with you..... [more]

World Business News

• UAE quits OPEC in blow to cartel thatcould reshape global oil markets.... [more]

• Trump pursues new import taxes to replace the tariffs the Supreme Court rejected.... [more]

• US bond markets diverge as Middle East conflict tests Fed outlook.... [more]

• Bank of America says it might be time for a new way of thinking about a longstanding bit of investment advice. In a recent note to clients, the bank said it was brushing aside the adage to "Sell in May and go away" — at least for this year..... [more]

• JPMorgan Chase CEO Jamie Dimon on Tuesday warned that rising government debt levels could trigger a crisis in the bond market, urging policymakers to act before markets force their hand..... [more]

• Google agrees to provide AI systems for classified Pentagon work.... [more]

• Musk vs. Altman is about what we don't already know. Elon Musk's lawsuit against Sam Altman ostensibly is about OpenAI's pivot to a for-profit model, after having been founded for more altruistic purposes..... [more]

• A courtroom brawl between two of the tech industry's most powerful leaders, Tesla CEO Elon Musk and OpenAI CEO Sam Altman, is underway in Oakland, California in a case that could transform one of the world's most important AI.... [more]

• Elon Musk took the stand on Tuesday at ​a high-stakes trial over the future of ⁠OpenAI as jurors consider Musk's fraud lawsuit against ​the artificial intelligence company and co-founder Sam Altman..... [more]

• Can Meta make money on AI beyond consumer ads? That’s a big question going into earnings. Analysts are happy to see new product offerings like Meta’s Muse Spark, but they are unclear about the business opportunities.... [more]

• General Motors on Tuesday said the Iran war is causing cost increases to its business, but inflated consumer expenses such as higher gas prices haven’t deterred buyers from spending on pricey vehicles..... [more]

• UPS keeps full-year revenue target, says fuel price spike from Iran war could hurt demand.... [more]

• Packaging stocks rise after Smurfit Westrock price hike.... [more]

• Amazon (AMZN.O), which hires hundreds of thousands of workers every year for the holiday rush, on Tuesday introduced new software ‌meant to speed up the process by excising a sizable chunk of the human element.... [more]

• POET Technologies is the market's newest meme stock. A short-seller unpacks his bearish bet..... [more]

• The Federal Communications Commission is set to order early reviews of eight Disney-owned ABC ​stations as soon as Tuesday in a dramatic escalation of the ‌Trump administration's fight with major media outlets, a source told Reuters..... [more]

• Downing Street has dismissed the idea of a freeze on private sector rents even as Rachel Reeves left the door open to such a move, after the Guardian revealed the chancellor has been considering it as an option to cut the cost of living..... [more]

• Shell strikes £12.1 billion deal to buy Canadian energy firm.... [more]

• BP’s profit more than doubled in the first quarter as the war in Iran drove energy prices sharply higher. On the same day that the British energy giant reported a banner financial performance,.... [more]

• Spanish beauty company Puig (PUIGb.MC), eported slower sales growth on Tuesday, reflecting more moderate demand particularly in fragrances which account for ​the bulk of its sales..... [more]

• Norway wealth fund CEO warns just using AI for job cuts risks backlash.... [more]

• The chair of NatWest was forced to defend the bank against accusations of “climate backtracking” at a chaotic annual shareholder meeting, which was temporarily suspended owing to singing protesters..... [more]

• Romania's two largest parties call no-confidence vote in pro-European government.... [more]

• Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors..... [more]

• China’s electric vehicle (EV) king BYD reported a slump in first-quarter net profit as weakness in its domestic market outweighed rising exports. The mainland’s largest and most profitable EV maker.... [more]

• Hong Kong airport body launches $2.4 billion note sale amid rising traffic.... [more]

• Japan Airlines (JAL) will start using humanoid robots in ground handling tasks at Tokyo's Haneda airport from May, in a two-year trial it said is aimed at easing employees' workload..... [more]

• Prada launches Indian-made sandals after cultural appropriation backlash.... [more]

• Indian online delivery firm Eternal (ETEA.NS), beat ‌quarterly profit estimates on Tuesday, as budget offerings and cost management helped its core food delivery business.... [more]

• Explainer - Can China Really Block Meta’s Manus AI Acquisition? Artificial intelligence “agents” that can carry out complex tasks with minimal human intervention are attracting heavy investment.... [more]

• Comment - Faisal Islam: Why the UAE's exit from Opec is a big deal. It is a very big deal that the United Arab Emirates (UAE) has announced its abrupt exit from Opec, the Organisation of Petroleum Exporting Countries..... [more]