Market Reports

• Australian Market Report: The Australian sharemarket fell on Thursday as iron ore prices hit a two-month low after a report showed exports from Guinea’s Simandou project, dubbed the Pilbara Killer, have surged last month..... [more]

• U.S. Market Report: The Dow scaled an all-time ​high and the S&P 500 rose on Thursday, lifted by UnitedHealth and financials shares, while Broadcom's results fell short of ‌high investor expectations, dragging down chip stocks and the Nasdaq..... [more]

• European Market Report: Despite lingering concerns about U.S.-Iran tensions, European markets closed higher on Thursday as oil prices fell on news about Lebanon and Israel agreeing to implement a ceasefire aided sentiment.... [more]

• Asian Market Report: Asian stocks retreated on Thursday as investors pulled back from technology and semiconductor shares following a weak forecast from U.S. chipmaker Broadcom..... [more]

Australian Business News

• Trump could slap Australia with 12.5% tariff for allegedly importing goods made by slave labour. Trade minister says Australia has ‘robust, comprehensive and world-leading legislation addressing forced labour and modern slavery’.... [more]

• Australia’s high cost-of-living could stay around for two years but there are early signs that higher rates are slowing down inflation. Reserve Bank governor Michele Bullock says many households are feeling the pinch.... [more]

• Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026.... [more]

• A freeze on public sector recruitment will cut about 1000 jobs over the next year, the South Australian state budget has revealed. In a move that hopes to save $120m a year, the sweeping cuts to non-frontline positions.... [more]

• AI infrastructure investment masking economic weakness.... [more]

• The companies controlling their own destiny, on sale at unusually attractive prices. These companies are not relying on interest rates, commodities or economic cycles to drive growth. That's exactly the point..... [more]

• Three supply shocks in three weeks: Why coal stocks are running hot.... [more]

• ASX gold miner under pressure to sell by activist investor. On June 2, Northern Star (ASX.NST) shares are 12% higher on a poor day for many Australian-listed gold miners after activist investor Elliott bought a 4% stake.... [more]

• Viridis Mining and Minerals has bagged its first major project delivery contract, signing a binding agreement with municipal electricity distributor DME for the turnkey construction.... [more]

• Advance Metals has roared out of the blocks in Mexico, with the first diamond drill hole from a maiden program at its wholly owned Gavilanes project returning a 33.9-metre zone of high-grade silver mineralisation..... [more]

• Ardea Resources has received another official government nod for its Kalgoorlie nickel project’s (KNP) Goongarrie Hub, this time at the State level, after being awarded Lead Agency Status by the Western Australian government.... [more]

• Black Bear Minerals shares (ASX: BKB) have attracted heavy interest in recent sessions, after the company announced that global engineering firm Ausenco had been awarded the next phase of restart studies.... [more]

• TMK lifts Mongolian gas output ahead of July drilling.... [more]

• Despite not officially being on the agenda, nuclear energy and uranium demand was a hot topic of conversation at last week’s AFR Mining Summit in Perth..... [more]

• Sportsbet owner ventures into giveaways with rewards club, anti-gambling advocates concerned. Sportsbet's parent company Flutter Entertainment has launched Sportsdream Rewards, a company using the rewards club model.... [more]

• Lithium Universe maps commercial pathway for e-waste gold, copper technology.... [more]

• Down 90%, what is going on with IDP Education shares?.... [more]

• Longspur Research has initiated coverage of Gelion PLC (AIM:GELN, OTC:GELNF, FRA:X0S), the battery materials company, with a central case valuation of 153p per share, representing nearly eight times the current share price.... [more]

• The Albanese government is standing firm behind its plan to make the world’s largest technology companies fund Australian journalism, brushing off a scorching attack from Meta.... [more]

• Tech giant Meta has hit out at the Australian government's plan to make social media companies pay for news, calling it a "grossly unfair" and "discriminatory tax"..... [more]

• Opinion - Elizabeth Knight: The brands that Australians are now hating on, and why..... [more]

• Opinion - Elizabeth Knight: Penfolds pain: Why our top winemaker keeps getting it wrong. The history of stuff-ups, miscalculations and underachievement at Treasury Wine Estates could fill a book..... [more]

• Comment - Mike Taylor: History should calm enthusiasm for tech IPOs. Australian investors are being cautioned against getting over-enthusiastic about the upcoming US IPO debuts of some of the world’s largest tech companies.... [more]

• Analysis - Mark Verhoeven: How combining superannuation and ASX shares can set you up for retirement better than property. Combining superannuation and ASX shares could build more retirement wealth than property.... [more]

World Business News

• San Francisco Federal Reserve President Mary ​Daly on Thursday said ‌that while she believes AI over a five- ​to 10-year window ​could be a deflationary ⁠force, the effect ​is "not a pressing issue" ​for monetary policy .... [more]

• Kansas City Fed’s Schmid says rate hikes may be needed to curb inflation.... [more]

• The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week.... [more]

• US weekly jobless claims increase to four-month high; worker productivity revised down.... [more]

• Zohran Mamdani’s capitalist plan to fix the housing crisis. Real estate developers spent millions to stop Zohran Mamdani from becoming New York City’s mayor, claiming his policies would destroy the city. Mamdani wants their help..... [more]

• Soaring stocks created 2 million new millionaires around the world last year.... [more]

• Benchmark Capital has effectively closed two new funds: $750 million for its 12th flagship early-stage strategy, and $1.25b for its first growth fund..... [more]

• Micron flirts with record market-cap wipeout as Broadcom casts a shadow over chip stocks.... [more]

• Elon Musk’s SpaceX unveiled plans Wednesday to raise $75 billion in an initial public offering of its stock that would value the company at roughly $1.77 trillion..... [more]

• Shares of Quantinuum opened 13% above their initial-public-offering price on Thursday, making their Nasdaq debut in a major validation moment for the quantum-computing market..... [more]

• Shares of Quantinuum rose 13.3% in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell's quantum ‌computing company became the latest to benefit from robust investor demand..... [more]

• Former New York Giants quarterback Eli Manning’s private equity firm Brand Velocity Group is acquiring RCX Sports, the company that manages the licenses of the official youth sports programs of the NFL, NBA, WNBA, MLS, NHL and.... [more]

• Blackstone (BX.N), has capped withdrawals at its flagship private credit fund as redemption requests rose in the second quarter, the world's ​largest alternative asset manager said on Thursday, following many peers..... [more]

• Franklin Resources stock jumps on report of SEC settlement.... [more]

• Walmarthas been a killer stock for the better part of this decade, but it’s now struggling to keep pace with its biggest rivals and the overall market. Several factors help explain the recent underperformance.... [more]

• Walmart investors on Thursday voted against a shareholder proposal asking it ​to report on how its use of AI is affecting the well-being of its workforce, according to preliminary voting results from ‌the retailer's annual shareholders' meeting..... [more]

• Tyco agrees to $10 million settlement with Wisconsin over PFAS water contamination.... [more]

• Brazil's May trade surplus beats forecasts as prices lifts exports.... [more]

• Output from the UK’s construction industry has declined at the fastest rate since the height of the Covid-19 pandemic as opportunities for work dried up, new figures show..... [more]

• Financier Lex Greensill banned from running UK companies for nine years.... [more]

• Amazon is expanding fast-track deliveries in the UK, including adding fresh fruit and vegetables to same-day services, after closing its standalone grocery stores..... [more]

• Spain's April industrial output rises 2% year-on-year.... [more]

• Chinese carmakers BYD, Chery chart 80% growth overseas as EV demand spikes. ‘Eye-catching’ numbers show efforts paying off amid growing brand recognition abroad and tepid sales at home, analysts say.... [more]

• HSBC, AIA Slump After Report of Hong Kong Bank Account Curbs.... [more]

• Indonesia’s rupiah rout is not just about the dollar. The wave of currency depreciation that battered Indonesia’s foreign exchange market throughout April and May 2026 has pushed the rupiah to record lows.... [more]

• Costly fuel pushes more Indians to buy electric cars but challenges remain.... [more]

• The Indian rupee dipped on Thursday, extending a two-session decline, ahead of Friday's all-important Reserve Bank of India ​monetary policy review, where traders are widely anticipating steps to support ‌the currency..... [more]

• India’s largest airline IndiGo on Thursday announced the temporary suspension of flights to six international destinations, including Hong Kong, Shanghai and Thailand’s Krabi.... [more]

• Iranian oil exports fall to lowest level in six years, data shows.... [more]