Market Reports

• Australian Market Report: The Australian sharemarket jumped by almost 1% on Thursday, extending Wednesday’s rally, after oil prices sank and stocks gained worldwide. The S&P/ASX 200 climbed 84.5 points, or 0.96 per cent, to 8878.1..... [more]

• U.S. Market Report: U.S. stocks edged down from record highs hit earlier in Thursday's ​session, pressured by a pullback in chipmakers following a recent rally, while investors awaited developments in U.S.-Iran peace talks ‌as well as Friday's employment numbers..... [more]

• European Market Report: The major European markets closed lower on Thursday after posting strong gains earlier in the week. The markets opened mixed but quickly tailed off and trended lower, ending near session lows..... [more]

• Asian Market Report: Asian stocks advanced on Thursday as AMD's first quarter results topped estimates and investors expressed hopes for a peace deal between the United States and Iran..... [more]

Australian Business News

• Landlords pay almost $7 billion a year more in tax than home owners, pushing rents higher. In Tuesday’s federal budget, the government is widely expected to bring in changes to how investment properties are taxed,.... [more]

• The Australian Securities and Investments Commission’s (ASIC’s) outgoing chair, Joe Longo has urged a ban on unlicensed financial communications as part of the answer to a repeat of consumers losses.... [more]

• Great Southern Bank poised to reveal first AI agents.... [more]

• The systemic exploitation of workers on temporary visas has become embedded in Australia’s labour market, a landmark new report has found. The Migrant Justice Institute’s Off the Booksreport is based on the largest survey.... [more]

• PME, WTC, TNE — the SaaSpocalypse decoded: what killed ASX growth stocks, and what comes next. AI didn't kill ASX SaaS stocks – it killed the multiples investors would pay for them..... [more]

• ADX Energy has got its 2026 drilling campaign off to a spectacular start, sniffing out gas-filled sands at its HOCH-1 exploration well in Upper Austria. The new discovery, tucked inside the company’s ADX-AT-I exploration licence,.... [more]

• Chinese battery giant to acquire Atlantic Lithium in $210m deal.... [more]

• 88 Energy has locked in a key piece of the puzzle for its next high-impact drilling campaign on Alaska’s famed North Slope, executing a contract for a familiar rig to drill the potentially high-impact Augusta-1 exploration well..... [more]

• Aurum Resources has scored a bundle of thick gold intersections from its latest drilling at the Boundiali gold project in northern Cote d’Ivoire, led by one hole at its BDT2 deposit,.... [more]

• Zenith Minerals has thrown open its doors to a strategic review, signalling it is ready to weigh up a range of corporate and asset-level options as it looks to stem what it sees as a widening gulf between its share price .... [more]

• ASX data center player sells US assets to bolster balance sheet. DigiCo Infrastructure REIT (ASX:DGT) announced the sale of Chicago data center CHI1 for USD 750 million.... [more]

• The Victorian and federal governments have approved plans to build a new offshore gas field in waters near world-famous tourist destination the Twelve Apostles. Australian energy company Amplitude Energy will start work.... [more]

• Orica Shares Reclaim Half of YTD Losses Today as Sentiment Shifts: But Why?.... [more]

• Sharon AI’s controversial boss James Manning had a brutal response to a damning report that has raised questions about his business conduct, as well as the deals that have created the billion-dollar company he founded.... [more]

• ARN Media has revealed the controversial axing of the Kyle and Jackie O show earlier this year has cost it $26 million in lost advertising revenue due to "brand safety" concerns. The company faced an investor backlash.... [more]

• Investors have overwhelmingly rejected Kyle Sandilands and Jackie ‘O’ Henderson’s former boss’ $1.1 million pay packet, in a warning shot to the company’s board, who approved the compensation..... [more]

• Lumos receives US$500,000 BARDA milestone payment as FebriDx rollout accelerates.... [more]

• Adisyn (ASX: AI1) has achieved a significant milestone in the development of its proprietary technology for graphene-coated metallic surfaces with the US Patent and Trademark Office (USPTO) allowing its patent application..... [more]

• Tabcorp Shares Face Heavy Selling, Moving Negative YTD: What Happened?.... [more]

• Australia’s $50 billion water market is emerging as a new target for global capital with investors drawn to one of the few places in the world where water can be bought and traded as an asset..... [more]

• Court finds against Telstra Super on IDR.... [more]

• Comment - Kerry Sun: If you own mining and energy stocks, you need to read this. A new framework reveals how little the underlying commodity actually drives returns in mining stocks, and why most investors get it wrong..... [more]

• Opinion - Grace Alvino: Why I'd still buy these ASX dividend stocks as interest rates rise. For investors who can handle volatility, dividend stocks may still have a role alongside safer income options like term deposits..... [more]

World Business News

• What to expect in Friday’s jobs report.... [more]

• The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries..... [more]

• Tech is red-hot again, but be warned: that might not last much longer, according to one longtime investing strategist. The Nasdaq Composite is on track for its sixth consecutive week of gains, and has risen more than 18%.... [more]

• Billionaire investor Ray Dalio says this is how a stagflationary financial crisis could unfold in the US.... [more]

• The ‘SpaceX mafia’ is here. Elon Musk’s big IPO could launch a constellation of new companies. SpaceX employees and alumni have an ‘insane network’ and will soon be able to tap a lot of cash,.... [more]

• Space analytics firm HawkEye valued at $3.15 billion after NYSE debut.... [more]

• Blue Owl's (OWL.N), biggest publicly traded private ‌credit fund will look to reduce its exposure to software, the fund's chief executive said, as uncertainty about the impact of artificial intelligence on the sector roils valuations..... [more]

• Google’s plan to win the AI health race? Play nice with Apple and other rivals.... [more]

• EBay permanently bans GameStop CEO Ryan Cohen for putting its community ‘at risk’ following takeover attempt. The GameStop chief, who proposed acquiring eBay for $55.5 billion Monday, was selling GameStop-related merch.... [more]

• Software developer Rave on Thursday filed an antitrust lawsuit against Apple (AAPL.O), alleging ​that the iPhone maker kicked Rave's app for shared viewing of ‌video content off the Apple App Store.... [more]

• Alpha Metallurgical earnings on deck as coal miner eyes profit.... [more]

• Appliance maker Whirlpool says it's seeing firsthand the damage the Iran war has done to the economy. In its latest earnings report on Wednesday, the company cut its guidance for earnings per share to a range of $3 to $3.50.... [more]

• Insurance giant Kuvare has worked closely with regulators and ratings agencies recently to help them understand its exposure ​to private credit, Kuvare CEO Dhiren Jhaveri said on Wednesday at the 2026 ‌Milken Institute Conference.... [more]

• Tesla’s stock rises as investors get a fresh sign that high gas prices are driving EV sales.... [more]

• While many international brands retreat, McDonald’s is supersizing its China business.... [more]

• ANI Pharmaceuticals set to report earnings amid estimate cuts.... [more]

• European Central Bank board member Isabel ​Schnabel said on Thursday ‌that there appeared to be a disconnect between ​record stock market valuations ​and the risks facing ⁠the global economy..... [more]

• European corporates head for best earnings growth in three years.... [more]

• World Cup could give struggling UK pubs a £275m boost if England reach final. England fans will drink an extra 55 million pints during the World Cup if Harry Kane’s team make it to the final, generating millions in revenue.... [more]

• Meta sues Ofcom over fines regime for breaches of Online Safety Act.... [more]

• Shell has become the latest energy giant to report a jump in profits following the sharp increase in oil prices since the beginning of the Iran war. It reported profits of $6.92bn (£5.1bn) for the first three months of the year.... [more]

• Climate campaigners attack Shell over ‘windfall’ profits from Iran war.... [more]

• The cofounder of the British fashion brand Superdry was sentenced Thursday to eight years in prison.... [more]

• Germany's OHB to consider legal action if EU clears Airbus, Thales, Leonardo satellite merger.... [more]

• Sweden Ballistics, a Swedish defense-tech startup focused on TNT production, raised €30 million in venture capital funding..... [more]

• The UAE's top lender and two other Middle Eastern banks are launching or expanding operations in Hong Kong, as they target ​better China connectivity and foreign business growth amid uncertainty in the domestic economic outlook..... [more]

• After accounting overhaul, can Wuliangye share purchase restore investor confidence?.... [more]

• Gold futures set for Hong Kong comeback as mainland China’s appetite for the metal grows. City aims to broaden gold offerings and expand clearing and storage facilities to seize opportunities in the surging market.... [more]

• Japan Likely Used $30 Billion in Follow-Up Yen Intervention.... [more]

• Rupiah’s fall shows old emerging-market playbook no longer works. On May 5, the rupiah closed at 17,445 per dollar — its weakest level on record — and by evening Bank Indonesia had tightened foreign-exchange rules.... [more]

• India tops global remittance charts with $137 billion inflow from its 19 million strong diaspora. India’s diaspora is the largest at around 19 million, with significant numbers of international immigrants living in UAE, US and Saudi Arabia..... [more]

• McDonald's India franchisee Westlife posts 56% profit jump on discount-driven demand.... [more]

• Emirates airline group has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply to meet current and future needs, its CEO said Thursday as the company reported record annual profit.... [more]