Market Reports

• Australian Market Report: At the close on Friday the S&P/ASX 200 was down 9.9 points, or 0.11 per cent, taking the index to 8630.8..... [more]

• U.S. Market Report: U.S. stocks retreated from artificial-intelligence-fueled record highs on Friday, as spiking crude ​prices ignited global inflation fears..... [more]

• European Market Report: European stocks closed sharply lower on Friday on renewed concerns about inflation as oil prices rose sharply amid Middle East tensions. A lack of positive outcome from the U.S.-China summit weighed as well on sentiment..... [more]

• Asian Market Report: Asian stocks declined on Friday after U.S. Treasury yields hit one-year highs, prompting traders to increase their bets on a Federal Reserve rate hike this year..... [more]

Australian Business News

• U.S. stocks hit record highs even as the effective closure of the Strait of Hormuz disrupts global supply chains. A common narrative is that markets are disconnected as equities and credit hold firm while oil, commodities.... [more]

• Australians have lashed out at Prime Minister Anthony Albanese after he took to social media on Sunday to reveal 45 new homes for Melbourne had been built. “Nine months ago, these homes were still under construction..... [more]

• Tech entrepreneurs have mocked the government’s capital gains tax changes by posting AI-generated photos of Anthony Albanese as their “new founder” and warning that increased taxes could push people away.... [more]

• First home buyers buoyed by negative gearing, capital gains changes at first Saturday auctions since budget. Hundreds of auctions got underway across the country on Saturday, with prospective first home buyers buoyed .... [more]

• Struggling to find an electrician or builder? 5 reasons for Australia’s tradie shortage.... [more]

• Big banks leading the Australian sharemarket may be coming to an end, global asset managers warn, on the back of $30bn being wiped from Commonwealth Bank’s value on Wednesday..... [more]

• Iress appoints new CTO to lead platform overhaul.... [more]

• Investors overlooking ASX share’s potential. International expansion is a distraction from valuable local business..... [more]

• 15 ASX stocks that turned dividends into billions. Global X reveals the ASX’s greatest wealth creators over the past decade. Did a bank or miner come out on top? Check out the awesome data..... [more]

• Chariot Resources has firmed up the company’s Nigerian lithium acquisition deal by adding a key lease in its Fonlo project area at no extra purchase cost, while extending the deal timetable..... [more]

• Nova Minerals completes major Alaska freight campaign.... [more]

• Dateline Resources has punched out another set of monster gold hits at its wholly owned Colosseum project in California, with drilling now extending to the northeast, well beyond the planned North Pit.... [more]

• Weebit Nano Shares Add 55% on Week, Hitting New Highs.... [more]

• Xenitra has recorded more than $500,000 in product sales through its OPAL real world asset tokenised sales ecosystem in China within a month of the launch. The company said it had onboarded more than 130 distributors.... [more]

• CSL investors had already torched tens of billions of dollars of wealth on the biomedical giant before the year had even started, and a sense of panic must have set in when its chief executive, Dr Paul McKenzie, abruptly resigned.... [more]

• Nanoveu (ASX: NVU) is targeting the defence market with new technology being added through the proposed strategic acquisition of Singapore company Spinoff Robotics..... [more]

• Big tobacco is exploiting fears of the illicit market to unwind health gains, Australian experts warn. Cigarettes kill 66 Australians every day, coalition says, criticising MPs who heard evidence from Philip Morris in secret.... [more]

• The Government’s 68% excise rip on a packet of cigarettes has cruelled revenue and showered millions on tobacco pirates. A major beneficiary of the Federal Budget is in an Iraqi jail, earning billions from illegal tobacco..... [more]

• Opinion - Fleur Marks: Just push through’: Five signs you might be overachieving at work. After two decades of working with high performers (and living this hardwired internal operating system myself), I’ve identified five core beliefs.... [more]

• Analysis - Nick Bonyhady: First Qantas, now Coles: the star corporate lawyer beating her one-time clients..... [more]

• Opinion/Analysis - Grace Alvino: What's the likelihood of a stock market crash before the end of 2026? Market crashes are painful when they happen, but fear can be just as damaging if it keeps investors out of quality assets..... [more]

World Business News

• Wall St Week Ahead Nvidia, retailer reports to shed light on AI boom, consumer spending.... [more]

• These hidden forces are driving the runaway stock-market rally. Bullish options traders and heavy buying of leveraged ETFs are playing a role in the historic swing higher for stocks. They’re also being tested..... [more]

• Investors are warning that lofty U.S. stock markets have not yet priced in the risk of rocketing inflation and are vulnerable to a sharp spike in bond yields. Equity ​markets have been propelled by robust first-quarter earnings.... [more]

• China has committed to purchasing at least $17 billion of U.S. agricultural ​products in 2026, 2027 and 2028, the White House ‌said in a fact sheet released on Sunday..... [more]

• Walmart and Target are about to show just how much shopping habits have changed due to the Iran war..... [more]

• Berkshire’s new CEO overhauls portfolio, dumping a slate of stocks.... [more]

• Bed Bath & Beyond's comeback is entering its next phase with the opening Saturday of its first co-branded Container Store location in Texas. The new Bed Bath & Beyond is betting shoppers still have an emotional connection to the brand.... [more]

• A note from RBC argues that Ford’s (NYSE: F) announced $2 billion investment in Ford Energy may have more to do with potential connections between Battery Energy Storage (BESS) and the AI trade rather than with business.... [more]

• Walmart and Amazon race to win over rural America with speedier deliveries.... [more]

• Transit workers for the Long Island Rail Road, the nation’s largest commuter railroad, are on strike, potentially stranding hundreds of thousands of weekday passengers in the New York City area..... [more]

• Shipping giants CMA CGM and Hapag-Lloyd (HLAG.DE), have suspended all ​bookings to and from Cuba until further notice, they said separately ‌on Sunday, with both citing a U.S. executive order issued on May 1..... [more]

• The US government is suing a Chick-fil-A franchisee for allegedly denying an employee's request to take Saturdays off work for religious reasons. The lawsuit claims that Hatch Trick Inc, the franchisee, violated federal law.... [more]

• UK borrowing costs hit 28-year-high as City braces for Burnham challenge.... [more]

• British finance minister Rachel Reeves plans to announce next week that she will postpone a planned rise in tax on ​motor fuel that is due to take place in ‌September, the Sun newspaper, opens new tab reported late on Saturday..... [more]

• Thames Water investors say temporary nationalisation would slow its recovery. Comments come after Andy Burnham says he would renationalise water and other businesses as PM.... [more]

• Schroders (SDR.L), is exiting its wholly owned China ‌fund unit and has reached a deal to sell its products to Neuberger Berman, as the British fund manager looks to move out of its smaller operations..... [more]

• JLR and General Motors eye £900m contract to build new range of military trucks. Carmakers aim to expand into UK defence sector, exploiting spending boom by Nato countries.... [more]

• X pledges quicker action on hate and terror content in the UK.... [more]

• ‘It was like a mosh pit’: Swatch closes stores as watch launch causes crowding and scuffles. Paris police used teargas on Saturday and UK shops stayed shut on Sunday after rush for Royal Pop timepieces.... [more]

• China ramps up building a national computing power network as AI token demand surges. Beijing casts computing power as a national infrastructure, likening tokens to mobile data as telecoms firms roll out mass-market packages.... [more]

• Hong Kong Q1 GDP expands 5.9% y/y, government maintains 2026 growth forecast.... [more]

• Hong Kong High Court to hear Evergrande liquidators’ lawsuit against PwC on Monday. PwC faces fresh legal battle after SFC ordered HK$1 billion payout to Evergrande minority shareholders and AFRC imposed HK$300 million fine.... [more]

• South Korea will pursue all options, including emergency arbitration, to avoid a labour strike at the country's ​biggest employer Samsung Electronics (005930.KS), and to minimise any damage if ‌one does occur, its prime minister said.... [more]

• India Missed Out on AI and Now Its Run as Market Darling May Be Over.... [more]

• Bank of Baroda reported a record net profit of Rs 5,616 crore for Q4FY26, up 11.2% from Rs 5,048 crore a year ago, driven by higher net interest income and lower tax provisions.... [more]

• India has curbed imports of silver in nearly all forms with immediate effect, according to a government ​order issued on Saturday, as the world's biggest consumer of the metal seeks ‌to rein in shipments and ease pressure on the rupee..... [more]