Market Reports

• Australian Market Report: The Australian sharemarket continued its losing streak as the Reserve Bank raised interest rates for the third time this year and oil prices jumped overnight. The S&P/ASX 200 closed down 16.6 points, or 0.2 per cent, at 8680.50..... [more]

• U.S. Market Report: Wall Street's main indexes jumped on Tuesday as the U.S.-Iran ceasefire ​held firm despite the latest flare-up in tensions, allowing investors to shift focus to artificial-intelligence stocks ‌and corporate earnings..... [more]

• European Market Report: European stocks closed higher on Tuesday as oil prices fell sharply after U.S. Secretary of War Pete Hegseth said the ceasefire holds at present despite Iranian attacks against the United Arab Emirates..... [more]

• Asian Market Report: Asian equity markets slipped on Tuesday, weighed down by tensions in the Middle East amid efforts to reopen the Strait of Hormuz. Markets in China, Japan and South Korea were closed for holidays..... [more]

Australian Business News

• Reserve Bank governor Michele Bullock has hinted at even more pain and warned Labor to restrain its upcoming Budget spending after home borrowers copped a third-consecutive mortgage hike..... [more]

• We’re poorer, inflation’s back - and the RBA knows it. A whiff of stagflation is back as rates hit 4.35%. Inflation is rising, growth is slowing - and the RBA may have no easy way out..... [more]

• Australia's big four banks have all lifted interest rates following the RBA's decision to increase the national cash rate to 4.35 per cent..... [more]

• Anthony Albanese has left the door open to a cash boost for Australian workers in the upcoming federal budget as speculation ramps up around Treasury’s final deliberations. Treasurer Jim Chalmers is reportedly set to unveil a one-off.... [more]

• The popular tax discount exempting electric vehicles from Fringe Benefits Tax (FBT) will be wound back next year, saving the government $1.7 billion over four years..... [more]

• Banking giant Westpac has raised its buffers for soured loans as it prepares for a weakening in the economy due to the Middle East war, even as its latest results showed fewer borrowers were struggling with repayments..... [more]

• Shield/First Guardian Budget insulation for ASIC. Continuing investigation and legal action around the collapse of the Shield and First Guardian funds are likely to have insulated the Australian Securities and Investments Commission (ASIC).... [more]

• Magellan Financial shares (ASX: MFG) are down more than 7% today after the asset manager announced it will hand its flagship global equities funds to external manager Vinva while cutting fees by nearly half,.... [more]

• Navigator Global Investments (NGI) has moved to increase its access to global alternative investment managers via a strategic partnership with global player, Stable Asset Management, and the acquisition of a portfolio of interests.... [more]

• How does the ASX 200 perform in May? May is usually a quiet month for the ASX 200, but a wave of corporate downgrades and a hawkish RBA could change that script in 2026..... [more]

• Why your super isn’t going to be enough. The game has changed. Focus on finding a number that takes your circumstances into account..... [more]

• Carnavale Resources Ltd (ASX:CAV, FRA:YBB) has appointed long-time chief executive Humphrey Hale as managing director, a move that keeps leadership continuity in place as the company advances its Kookynie Gold Project.... [more]

• LinQ Minerals (ASX: LNQ) has significantly extended the known strike at the Dam deposit within the Southern Zone of the Gilmore Project in NSW..... [more]

• As St George Mining keeps the drill bits busy spinning at the company’s fully owned Araxá rare earths and niobium project in Brazil, its latest assays have once again screamed “grade”, “scale” and “continuity”..... [more]

• Alligator Energy has made a key step towards de-risking its Samphire project in South Australia after successfully extracting uranium from its first well test pattern, achieving strong recoveries and high flow rates..... [more]

• While Red Metal Limited believes it is on the cusp of developing an ultra-low-cost processing pathway for its giant Sybella rare earths project near Mount Isa in Queensland, the stars also appear to be lining up,.... [more]

• Dynamic Metals has successfully extended the gold system at its Cognac West prospect to a depth of 300 metres, confirming that the mineralisation at its Anomaly B target is far more vertically extensive than previously thought..... [more]

• Austal Shares Hit New Low, Down 40% YTD: The Latest.... [more]

• Why are Flight Centre shares jumping higher in Tuesday's sinking market?.... [more]

• The federal government has halted plans for the Melbourne to Brisbane Inland Rail, amid concerns the project could cost more than $45 billion to complete. Spanning 1,600 kilometres, the new freight corridor.... [more]

• A drop in international flights spurred by the war in the Middle East has left Qantas’ suppliers “nervous” they are buying too much aviation fuel at high prices, the airline’s chief executive said..... [more]

• How KIIS cashed in on Kyle & Jackie O’s ‘explosive fights’..... [more]

• Analysis - Michael Janda: The RBA is risking a recession by raising interest rates but feels there's nothing else it can do. Monetary policy trade-offs are getting worse. The Reserve Bank of Australia is confronting rising inflation.... [more]

• Comment - Michael Pascoe: RBA raises rate. Leaves pressure on Chalmers’ tax fiddling. As widely expected, the Reserve Bank raised its interest rate by another 0.25% points today, just in time for Jim Chalmers’ next budget..... [more]

World Business News

• U.S. job openings were unchanged at 6.9 million in March but hiring improved.... [more]

• Jamie Dimon blesses the trillion-dollar AI capex boom. JPMorgan Chase CEO Jamie Dimon stood next to Anthropic CEO Dario Amodei in New York on Tuesday and told Wall Street the AI buildout is worth every dollar..... [more]

• White House Considers Vetting A.I. Models Before They Are Released. The Trump administration, which took a noninterventionist approach to artificial intelligence, is now discussing imposing oversight on A.I. models.... [more]

• Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence ​efforts and booming cloud business..... [more]

• Anthropic CEO warns of cyber ‘moment of danger’ as AI exposes thousands of vulnerabilities.... [more]

• Criteo stock rises on expanded ChatGPT ad partnership.... [more]

• Pennsylvania has sued an artificial intelligence chatbot maker, saying its chatbots illegally hold themselves out as doctors and are deceiving the system’s users into thinking they are getting medical advice from a licensed professional..... [more]

• Palantir’s stock falls despite upbeat earnings. Here are Wall Street’s quibbles. Analysts flag the lagging performance of the international commercial business and note that the stock’s sky-high valuation leaves little room for error.... [more]

• Greg Brockman, OpenAI’s president and CEO Sam Altman’s top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly $30 billion..... [more]

• Amazon takes aim at the supply chain. Change in FedEx, United Parcel Service and GXO Logistics stock prices.... [more]

• Spirit Airlines’more than three-decade run ended over the weekend, but on Tuesday it was just starting the months long process of dismantling the company after the biggest U.S. airline collapse in a generation..... [more]

• Frontier Airlines (ULCC.O), said on Tuesday ​it expects to absorb significant demand from the shutdown of rival Spirit Airlines, a move ‌it says will boost unit revenue thanks to a large number of shared routes..... [more]

• Coinbase will lay off 14% of its staff as AI spurs ‘a new way of working’. Coinbase will pivot to more ‘one-person teams,’ meaning that employees will be asked to act as engineers, designers and product managers all in one.... [more]

• As the global automotive industry retreats from all-electric vehicles after reporting billions of dollars in losses, Ford Motor continues to move forward with its next generation of EVs that CEO Jim Farley has described as.... [more]

• Ferrari tops Wall Street’s first-quarter expectations ahead of EV debut.... [more]

• CVS Health earnings up next: Can Aetna turnaround deliver?.... [more]

• James Murdoch may be the next owner of New York magazine and Vox Media’s podcast network. Murdoch’s investment company, Lupa Systems, is in talks to acquire the assets for $300 million or more.... [more]

• Eighteen months into CEO Elliott Hill’s attempts to revive Nike (NKE.N), the sportswear ​giant is losing market share, and Wall Street is signaling growing impatience with its struggle to clear inventory and churn out must-have sneakers..... [more]

• Canada's merchandise trade balance swung to a surplus in March, globally ‌and with the United States, as higher crude oil prices and strong demand for gold drove a jump in exports while imports fell, data showed on Tuesday..... [more]

• Euro zone government bond yields were a touch lower on Tuesday, in line with softer oil prices, following a sharp selloff on ​the previous day, with investors focused on developments in the Strait of Hormuz..... [more]

• The risk to Labour’s tax and spending plans from the war in Iran was underscored on Tuesday, as long-term government borrowing costs hit their highest level since 1998..... [more]

• Britain is the nation “most exposed” to jet fuel shortages caused by the Iran war, Goldman Sachs has warned, raising fears of more cancelled flights and ruined summer holidays..... [more]

• A recent jump in electric car sales in the UK is likely to be “tempered” by worries over rising inflation and energy prices caused by the Iran war, a leading industry body has warned. New car sales in the UK rose by 24% year on year.... [more]

• Upset Lidl shoppers have complained on social media the supermarket chain's updated loyalty scheme is less generous than before. Under changes to the programme which came into force on Tuesday.... [more]

• Nissan to cut 900 job cuts in Europe as part of global restructuring.... [more]

• China is the world’s largest auto exporter. The Chinese would like to manufacture cars in the United States..... [more]

• Chasing L5: WeRide CEO sees ‘ChatGPT moment’ in driverless cars within 10 years. The global commercial robotaxi fleet was estimated to be 7,000 vehicles in 2025, and is expected to surge to about 6 million by 2035.... [more]

• Apple Explores Using Intel and Samsung to Build Main Device Chips in the US.... [more]

• Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience.... [more]

• The Indian rupee slid to a record low on Tuesday as a fragile truce in the Middle East came ‌under strain after the U.S. and Iran launched new attacks to wrestle for control of the Strait of Hormuz, a key artery for global energy supplies..... [more]

• India's Mahindra expects mid‑to‑high teens SUV growth, beats quarterly forecasts.... [more]

• Analysis - Matt Egan: Trump has a new Strait of Hormuz plan. The market isn’t buying it. The world is desperate for a solution to break up the oil tanker traffic jam in the Strait of Hormuz..... [more]