Market Reports

• Australian Market Report: Australia’s sharemarket has posted its best week in two months. The S&P/ASX200 gained 170.8 points on Friday, up 1.98 per cent, to 8804, as the broader All Ordinaries advanced 169.4 points, or 1.92 per cent, to 9006.1..... [more]

• U.S. Market Report: U.S. stocks were modestly ​higher on Friday afternoon as investors held out hope for a peace deal between Iran and the United States and ‌as SpaceX shares surged in their debut, making it Wall Street's biggest public listing in history..... [more]

• European Market Report: European stocks closed on a strong note on Friday, buoyed by hopes Iran and the U.S. will reach a peace agreement sometime soon..... [more]

• Asian Market Report: Asian shares rallied on Friday after U.S. President Donald Trump called off new military strikes on Iran..... [more]

Australian Business News

• T. Rowe Price has warned Australian equities are under renewed pressure as a series of tax measures in this year’s federal budget add to concerns about economic growth, corporate earnings and investor sentiment..... [more]

• Cost-of-living pressures has led to Australians turning back to cash as a budgeting tool - bucking the trend of a cashless society. Despite repeated pushes towards a cashless society, the latest Global Payments Report found.... [more]

• New research from life insurer, TAL, has not only found a growing “disconnect” between higher levels of financial engagement and the lagging efforts of pre-retirees to take action to prepare for retirement, but also a gap for super.... [more]

• Don't forget to consider this key superannuation strategy before 30 June. There's still time to make tax-effective contributions to your super..... [more]

• Forrestania Resources has rung up a solid 37 per cent grade increase at its Lady Lyla gold deposit near Southern Cross in Western Australia, with a new mineral resource estimate showing 922,000 tonnes at 1.41 grams per tonne.... [more]

• Lodestar Minerals (ASX:LSR) has received positive assay results for the first diamond hole completed at the Three Saints IOCG project in Chile. The assays have confirmed the previously reported visual mineralisation.... [more]

• St George Mining has kicked a major goal at its world-class Araxá niobium and rare earths project in Brazil, with initial metallurgical testwork successfully producing two separate high-grade concentrates from a single ore stream..... [more]

• Resources Minister Madeleine King backs unions' right to strike at BHP's Port Hedland operations.... [more]

• While many cancer companies spend billions trying to make stronger chemotherapies, Melbourne-based Amplia Therapeutics is taking a different path, developing a “shield-breaking” treatment.... [more]

• Monash IVF downgrades FY26 profit again as industry volumes fall. The stock recovered despite an early 5.9% slide..... [more]

• Vitrafy Life Sciences Ltd (ASX:VFY, OTC:VFYLF) is raising A$30 million in an institutional placement, which will give it fresh capital to expand manufacturing capacity and accelerate commercial growth in the United States.... [more]

• Retail billionaire Brett Blundy’s bid to gain control of the Victoria’s Secret board has failed in spectacular fashion after fellow investors overwhelmingly rejected his proposals at a shareholder meeting on Friday morning..... [more]

• ResMed Shares Slide Into The Weekend: What Is The Latest?.... [more]

• Federal government has contracts worth more than $650m with embattled KPMG.... [more]

• Magellan Financial Shares Pop as Barrenjoey Merger Path Cleared, Rebrand Looms.... [more]

• Opinion - Mark LaMonica: Don’t play Russian Roulette with your finances. Resilience is an underappreciated quality in a portfolio and life..... [more]

• Comment - Alastair MacLeod: When the AI music stops, what's the playbook? “…as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” Chuck Prince, former Citigroup CEO, eve of GFC..... [more]

• Analysis - Ian Verrender: How you and your superannuation came to be aboard SpaceX. Congratulations. You may not be quite aware of this, but chances are some time tonight you're about to become a highly valued financial backer.... [more]

World Business News

• Consumer sentiment may finally be recovering after falling to historic lows due to wartime price spikes. The University of Michigan’s latest survey of Americans, released Friday, showed that sentiment rose 9%.... [more]

• SpaceX IPO makes history as largest ever. Stock gains 19% on first day.... [more]

• Elon Musk becomes world’s first trillionaire as SpaceX begins trading on the Nasdaq.... [more]

• SpaceX IPO goes above $2 Trillion in value cementing Musk as first trillionaire.... [more]

• How Much SpaceX Are You About to Own? If you have index funds — such as in a 401(k) — they may soon include shares of the mega company. Here’s a rough calculation..... [more]

• U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX's market debut, snapping a months-long rally fueled by anticipation over the blockbuster ​IPO..... [more]

• Beyond SpaceX: Here’s where family offices see buying opportunities in the space economy. The investment firms of billionaires including ex-eBay President Jeff Skoll and AutoZone’s Pitt Hyde are set to reap rewards.... [more]

• SpaceX IPO is a model for Anthropic and OpenAI.... [more]

• Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day — and five years..... [more]

• Microsoft (MSFT.O), is considering options for its Xbox gaming unit, including a potential spinoff or restructuring ​as a wholly owned subsidiary,.... [more]

• There’s a ticking time bomb under the Paramount-Warner Bros. deal. Here’s what could set it off. Paramount has agreed to pay an extra $627.5 million for every quarter past Sept. 30 that the deal doesn’t.... [more]

• Shell (SHEL.L), said ‌on Friday it was pausing its $3 billion share buyback programme through July 14, citing securities law requirements linked to its pending $16.4 billion acquisition of ARC Resources (ARX.TO),.... [more]

• A federal appeals court has upheld the conviction of cryptocurrency entrepreneur and FTX co-founder Sam Bankman-Fried, finding that the 2023 trial that led to his 25-year prison sentence was not unfair..... [more]

• Adobe’s CFO is departing for Marvell. And it’s one more reason for investors to choose chips over software..... [more]

• World Cup’s $10 Billion Betting Boom Fuels Market ‘Gamification’.... [more]

• Eurozone bonds rise on prospects of Iran-U.S. diplomatic breakthrough.... [more]

• Alphabet's Google (GOOGL.O), will appeal a German court ruling which said it ​is legally liable for false claims appearing in ‌AI Overviews, the U.S. tech company said on Friday,.... [more]

• UK economy shrank by 0.1% in April as Iran war held back growth. GDP hit by higher energy prices caused by Middle East conflict, after 0.3% rise in March.... [more]

• Heavy government spending on defence and infrastructure will stop Germany from slipping into recession this year, as the war in Iran takes its ​toll on Europe's biggest economy and lifts inflation, the Bundesbank said on Friday..... [more]

• Barclays to buy GoHenry kids’ debit card and money app.... [more]

• Rolex raised the global price of its gold watches by an average 5% this ‌month, adding a rare second annual increase to its main markets including Britain, Hong Kong and the U.S., according to two luxury research platforms and two dealers..... [more]

• Paddy Power owner Flutter to scrap listing on London Stock Exchange. Gambling business, which also owns Betfair, to focus on New York in latest high-profile blow to UK stock market.... [more]

• Austrian prosecutors said on Friday they were bringing another case against former billionaire Rene Benko, ​who founded the now-collapsed Signa property group, this time for aggravated ‌fraud and insolvency-related fraud..... [more]

• Is China really deflating deflation? It’s harder than Beijing thinks Prices may be rising but it’s unclear Beijing has delivered the structural reforms needed to escape its deflationary trap.... [more]

• The SpaceX factor: Hong Kong stocks face liquidity test from mega IPO. Listing adds to headwinds for Asia’s third-largest market as US$97 billion in lock-up expirations loom.... [more]

• China's new bank lending rose less than expected in May after ​contracting the previous month, as a prolonged property downturn continued to weigh on household borrowing..... [more]

• China’s chip design software industry is rallying behind Huawei Technologies’ ambitious new architecture aimed at producing chips that can rival leading global products, but analysts warn a steep uphill climb remains.... [more]

• Pakistan’s finance minister presents the country’s next budget that hikes defense spending.... [more]

• The case for changes to capital gains taxes on equities is weaker ​than for bonds, India's Chief Economic Adviser V. Anantha ‌Nageswaran said on Friday, suggesting the government sees less urgency for further tweaks to the tax regime.... [more]

• Opinion - Juliana Liu: It’s a Mistake for the US to Sanction China’s Biotech Giant.... [more]