Market Reports

• Australian Market Report: The Australian sharemarket closed in the red on Monday. The S&P/ASX 200 fell 0.5 per cent or 42.60 points to 8,701.80, with eight of 11 industry sectors in negative territory. Energy stocks climbed as oil prices rose .... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq climbed to intraday record highs on ​Monday, extending last week's rally, as strength in chip stocks offset a jump in oil prices sparked by stalled ‌U.S.-Iran talks..... [more]

• European Market Report: European stocks closed on a mixed note Monday as U.S.-Iran peace talks stalled after U.S. President Donald Trump rejected Iran's latest proposal to end the conflict, calling it "totally unacceptable.".... [more]

• Asian Market Report: Asian stocks ended mixed on Monday as strong gains in AI-related stocks in Seoul offset investor concerns over escalating U.S.- Iran tensions and prolonged disruption in the Strait of Hormuz..... [more]

Australian Business News

• ‘Need to do more’: PM flags housing changes in budget. Not enough has been done to help younger generations enter the housing market since Labor was re-elected last year, Prime Minister Anthony Albanese has admitted.... [more]

• Chalmers wants to fix inequality. But the latest figures show the wealth gap is growing. Median household wealth – the middle value for all households - has been stuck around $700,000 since 2019-20.... [more]

• Expected Federal Budget changes to the Capital Gains Tax rules could materially reduce long term after tax returns across major investment categories, according to digital investment adviser and platform, Stockspot..... [more]

• Missing points in the CGT debate. Capital losses may change the CGT debate more than investors realise - and the tax gap between systems may be smaller than feared..... [more]

• Western Australia will fail to achieve net-zero emissions by 2050 on its current trajectory, according to modelling commissioned by gas giant Woodside..... [more]

• Lodestar Minerals (ASX:LSR) has defined five new targets with geophysical survey results within the Águila prospect at the newly acquired Los Loros project in Chile. The new targets align with the surface work.... [more]

• Maritana Minerals has further tightened its grip around the company’s Black Swan processing hub near Kalgoorlie, unveiling a deal to buy a strategic package of tenements sitting right on the doorstep of its existing infrastructure..... [more]

• Bullish broker tips 88 Energy for substantial upside. Cavendish sees huge upside (more than thirteenfold) for 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ).... [more]

• Estrella Resources has hit a major operational milestone at its Ira Miri manganese project in Timor-Leste, extracting more than 27,000 tonnes of ore for market appraisal, while confirming the presence of ultra-high-grade mineralisation.... [more]

• Sunwater chief executive officer Glenn Stockton has resigned amid new turmoil surrounding Queensland's troubled Paradise Dam. The ABC understands Mr Stockton left the water service provider on Friday.... [more]

• Canberra to Sydney rail link gets $100 million upgrade to improve train speeds.... [more]

• Advanced Energy Minerals (ASX: AEM) is being supported by an ~$800,000 grant through a Canadian government-funded technology accelerator to develop innovative technologies for manufacturing high-value rare-earth-.... [more]

• The gambling regulator is seeking answers from Ladbrokes after it emailed dormant customers warning them to place a bet or risk losing their balances to monthly inactivity fees, without disclosing their legal right.... [more]

• Albemarle should see sequential profit growth in the second quarter and maintain higher profits through the year..... [more]

• Metcash shares (ASX:MTS) have continued to rebound today, climbing 6.57% to A$2.92 after the company affirmed underlying profit guidance and outlined structural cost reductions.... [more]

• Healthcare giant CSL’s shares have plunged a further 20% to a decade low after the business announced another market write down. In a 90-day review, CSL told the market it would take another $US5bn ($A6.9bn) non-cash impairment..... [more]

• EMVision Medical Devices is preparing to add an acute ischaemia detection feature to its Pivotal Trial for the emu Brain Scanner in haemorrhagic stroke with US Food and Drug Administration (FDA) engagement to follow..... [more]

• The Australian Securities and Investments Commission (ASIC) has invoked its recent court win against FIIG Securities to press financial firms, urging them to lift cyber resilience standards as frontier artificial intelligence.... [more]

• Comment/Analysis - Carl Capolingua: Is CSL the ASX’s biggest ever blue chip disaster? How the model is broken Australia's greatest blue chip has lost two-thirds of its value — how did the brokers get it so wrong.... [more]

• Opinion - Grace Alvino: How beginners could go from zero to $50,000 with ASX shares. Small monthly investments can feel modest at first, but time and compounding can turn them into something much more meaningful..... [more]

• Comment/Analysis - Michael Pascoe: Housing crisis. Will Labor’s ‘great’ housing budget fix housing?.... [more]

World Business News

• As Trump Heads to Beijing, China Is ‘Locked and Loaded’ for a Fight. Beijing is signaling that it is ready for a trade showdown, and it is building up a legal arsenal in preparation..... [more]

• Elon Musk, Apple's (AAPL.O), Tim Cook, GE ‌Aerospace's Larry Culp and Boeing's (BA.N), Kelly Ortberg will join U.S. President Donald Trump on his visit to China this week, a White House official told Reuters..... [more]

• As Trump heads to China, here’s how much the dollar is overvalued, according to Goldman Sachs. China’s trade surplus warrants a much stronger renminbi, say strategists.... [more]

• US home sales edge up in April but affordability remains a challenge.... [more]

• President Donald Trump said Monday he will move to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war. The president cannot suspend the federal tax on his own. .... [more]

• U.S. households face serious pain beyond gas prices as diesel nears record highs. A spike in diesel fuel won’t show up immediately. But in a few weeks, the cost will hit every box moved on a truck, every loaf of bread and every package.... [more]

• A JPMorgan Chase -led group of banks cut their exposure to a private credit fund co-managed by KKR days before the asset manager announced it was spending $300 million to prop up the troubled vehicle..... [more]

• OpenAI launches AI consulting arm valued at $14 billion.... [more]

• Home Depot stock hits 52-week low at 310.36 USD.... [more]

• General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs,.... [more]

• California's Santa ​Clara County has sued Meta Platforms (META.O), alleging it has profited from Facebook and Instagram ads promoting scams in ‌violation of California's false advertising and unfair business practices laws..... [more]

• The family of a victim of last year’s Florida State University mass shooting filed a lawsuit Sunday against OpenAI, alleging ChatGPT “inflamed and encouraged” accused shooter Phoenix Ikner’s “delusions” ahead of the attack..... [more]

• Lumentum builds on its scorching stock rally after earning a spot in this hot index. Lumentum’s stock performance ranks fifth in the S&P 500 this year. Now the optical company is set to join the Nasdaq-100..... [more]

• Sony Music Publishing said on Monday it would buy Recognition Music Group's entire ​catalog of works from funds managed ‌by Blackstone (BX.N), gaining access to more than 45,000 songs including those from Beyonce, Fleetwood.... [more]

• Bumble plans a reset to lure Gen Z back.... [more]

• Treasury Department tells US banks to flag suspected Iranian money-laundering networks.... [more]

• The cost of government borrowing has crept higher as Keir Starmer’s crucial speech failed to dispel investor “jitters” in the bond markets over political instability combined with fears of rising inflation..... [more]

• British Steel is set to be brought into public ownership, the prime minister has announced. Sir Keir Starmer said legislation would be brought forward this week to give the government powers to take "full ownership of British Steel".... [more]

• E.ON agrees to buy Ovo in deal to create UK’s biggest energy supplier. Acquisition would result in combined company serving about 9.6 million households if given regulatory approval.... [more]

• Heathrow airport reported its passenger numbers fell by 5.3% last month because of the war in the Middle East. The west London airport said 6.7 million passengers passed through its four terminals in April..... [more]

• TikTok is introducing a subscription charge for UK users who do not want to see adverts on the platform. From Monday, the social media giant will start notifying users aged 18 and over that they will be required to pay £3.99.... [more]

• Spain's TSK prices IPO at top of range on strong demand.... [more]

• SoftBank Group Corp (9984.T), founder Masayoshi Son is considering an investment of up to $100 ​billion in France, including a multibillion-dollar project ‌to build AI infrastructure in the European nation,.... [more]

• Trump-Xi meet more about US uncertainty than China ambition. Meeting will show whether US can articulate an Indo-Pacific vision beyond tariffs, confrontation and episodic displays of strength.... [more]

• China’s bond market faces climbing re-defaults as property crisis drags on. Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn.... [more]

• Huawei’s secretive chip lab featured on prime-time TV ahead of Trump’s trip to China.... [more]

• Global investors swung sharply back into emerging market assets in April, Institute of International Finance data showed on Monday, as markets recovered from Iran war-driven ​selloffs..... [more]

• Indonesia is entering a critical test of its fiscal resilience. Beneath the government’s optimistic narrative of a stable economic growth rate of around 5% lies a structural anomaly carrying significant systemic risks..... [more]

• India expects a US delegation to visit the country for the next round of bilateral trade talks, though dates for the meetings are yet to be finalised,.... [more]

• The Indian rupee and government bonds will remain sensitive to developments in the U.S.-Iran war, which has shaped the global macroeconomic outlook for more than two months and kept volatility levels elevated..... [more]

• Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks.... [more]

• Comment/Analysis - Nils Pratley: British Steel: more questions than answers on the future. Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cards.... [more]