Market Reports

• Australian Market Report: The Australian sharemarket slumped as gold slid and oil prices spiked after US forces carried out fresh airstrikes on Iran. The S&P/ASX 200 lost 124.80 points, or 1.4 per cent, to 8592.90. The Australian dollar traded at US71.23¢.... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq rose on Thursday after a report said the U.S. and Iran had reached a ‌deal, while investors also digested key inflation data..... [more]

• European Market Report: European stocks closed weak on Thursday, with investors closely following news about U.S.-Iran conflict and weighing the prospects of the warring nations striking a peace deal that could help re-open the Strait of Hormuz..... [more]

• Asian Market Report: Asian stocks fell from record highs on Thursday as investors weighed mixed signals from Washington and Tehran about a deal to end the war and reopen the Strait of Hormuz..... [more]

Australian Business News

• Young Australians remain optimistic about their financial future despite being hammered by cost-of-living pressures in the last five years. New ING research shows that Gen Z (82 per cent) and millennials (74 per cent) are significantly.... [more]

• The share of housing investors aged over 60 has surged in Australia over the past 20 years, while the share of younger investors has retreated, new Reserve Bank research shows..... [more]

• Australia’s largest union has reaffirmed calls for a bumper pay increase for three million Australians. Ahead of Tuesday’s Fair Work Commission announcement of the new minimum wage, the Australian Council of Trade Unions.... [more]

• The Greens appear willing to cooperate with Labor's timeline to legislate its capital gains tax and negative gearing changes within weeks, indicating they are unlikely to support a Coalition push for a months-long inquiry.... [more]

• Industry Fund Services launches ‘Trusted Adviser’ designation.... [more]

• Gold explorer Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) has completed the second tranche of its previously announced A$8.2 million placement, raising ~C$1.93 million (around A$1.95 million).... [more]

• Research and ratings house, Morningstar has issued new research on private markets, arguing that, overall, the net benefits from having private assets in a portfolio depend on structure and sizing..... [more]

• 3 ASX top picks to combat inflation. The mechanics behind inflation resilient ASX businesses..... [more]

• 10 questions you need to ask before investing in private markets. The fine print your adviser may not be showing you when it comes to investing in private markets..... [more]

• Critica Limited has taken another big step forward at its giant Jupiter rare earths project in Western Australia’s Mid West after pilot beneficiation work in Vietnam markedly upgraded feed material potentially reducing the scale and cost.... [more]

• Viking Mines has delivered a step-change processing breakthrough at its flagship Linka project in Nevada, producing a premium tungsten concentrate from a combined gravity separation and flotation circuit..... [more]

• Red Mountain secures 100% ownership of 209ha Pioneer tungsten project in Montana.... [more]

• Pacgold Limited has fired up the drill rig at its Vertigo deposit in South Australia to kick off multiple follow-up resource growth campaigns for an accelerated full-scale production restart at its White Dam project..... [more]

• Critical Resources hails sulphur-free battery breakthrough.... [more]

• Roger Cook has described the lack of a canola crushing and refining industry in WA as “nuts” as he outlined his desire for the State to do more with a product it exports around $1.2 billion worth of each year..... [more]

• BPH Global seaweed trading momentum accelerates with A$391,000 monthly sales result.... [more]

• Nufarm's turnaround arc: Leverage down, earnings up and brokers upgrading. It's been a year since Nufarm shareholders watched 30% of their capital vaporise in a single session..... [more]

• AnteoTech opens Japan sales channel with Cosmo Bio distribution deal.... [more]

• A national waste management company has been ordered to pay a $1.1 million fine for workplace failures that led to a double fatal crash at the base of Adelaide's South Eastern Freeway..... [more]

• Australians scammed out of A$3,000 or less could be able to claim automatic reimbursement from banks, phone companies or tech companies, under a new federal government proposal. Last year, there were 481,523 scam reports.... [more]

• Analysis - Carl Capolingua: BHP, RIO, FMG... ASX big miners are back! Plus lithium and uranium sector reviews.... [more]

• Opinion - Elizabeth Knight: Business groups are howling over the budget, and it’s getting messy. The chorus of detractors hasn’t faded since budget night, but has risen to a full-throated roar.... [more]

• Opinion -Samantha Menzies: Should I buy CSL shares in June? Here's what I expect from the beaten-down biotech stock next month..... [more]

World Business News

• One of new Federal Reserve Chairman Kevin Warsh's favorite inflation measures came in cool again ​on Thursday, offering evidence for his belief inflation is improving and against the view of a growing number of other policymakers ‌.... [more]

• The household crunch: Americans are spending faster than they earn it.... [more]

• US weekly jobless claims increase marginally amid low layoffs.... [more]

• There is a new app going live on Thursday for parents who set up Trump Accounts for their children, Treasury Secretary Scott Bessent said Wednesday..... [more]

• Anthropic said on Thursday it has raised $65 billion ​at a post-money valuation of $965 billion, aiming ‌to expand computing capacity to meet growing demand for its chatbot Claude and scale its ​products..... [more]

• Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round.... [more]

• SpaceX CEO Elon Musk said on Thursday the IPO-bound company had only agreed ​to lease its Colossus AI training data center clusters to ‌Anthropic for six months, though he added it was "possible" the arrangement could extend.... [more]

• MediaTek stock remains Morgan Stanley top pick on cloud AI strength.... [more]

• CVS Health on Thursday said it will restore coverage of Eli Lilly’s blockbuster weight loss injection Zepbound and start covering its new obesity pill on its standard drug plans – a win for the drugmaker and certain patients.... [more]

• Australia sues US conglomerate 3M for $1.4 billion over ‘forever chemicals’ contamination.... [more]

• At least $2 million in settlements has been agreed to after employees and other critics were fired or penalized over their posts about Charlie Kirk following his killing..... [more]

• Houston Rockets owner is placing an $18 billion bet on Las Vegas by buying Caesars. Fertitta Entertainment, which owns Golden Nugget casinos, Landry’s and the NBA’s Rockets, is buying Caesars at an 8% premium .... [more]

• CNN is suing Perplexity, accusing the AI company of unlawfully copying and distributing CNN’s content. Thursday’s lawsuit joins a long list of legal actions by publishers like The New York Times against generative AI startups..... [more]

• The United States Postal Service said Thursday it reached a $10 billion deal to provide “last-mile” package delivery services for DHL eCommerce, an arm of German package services provider DHL..... [more]

• Google engineer charged after making $1.2 million on Polymarket bets — showing insider trading is becoming everyone’s problem.... [more]

• California Attorney General Rob Bonta has said he will sue DNA testing firm Chrome Holding following a probe on Thursday, alleging its predecessor company 23andMe failed to protect sensitive customer data..... [more]

• Canadian Prime Minister Mark Carney called for a new partnership with the United States on Thursday, just weeks before President Donald Trump decides on whether to renew the free trade agreement between the countries..... [more]

• Brazilian inflation tops target band in early May, clouds easing path.... [more]

• EU to discuss potential restrictions on Chinese imports amid fears of overreliance. Concerns among commissioners in bloc that surge in imports could lead to decline similar to that of US rust belt towns.... [more]

• Ousted BP chairman hits back at 'lies' about his behaviour.... [more]

• The number of young people neither working nor learning has jumped beyond one million for the first time since 2013, official figures have revealed ahead of a review which will warn over fears of a “lost generation”..... [more]

• Labour is poised for a fresh attempt at changing the welfare system after a major government-backed report said youth unemployment was costing Britain more than £125bn a year.... [more]

• Canada has announced a landmark energy agreement with Germany that will see the first-ever long-term shipments of liquefied natural gas (LNG) from Canada to Europe in the coming years..... [more]

• Poland to finalise $27 billion in military deals under EU SAFE by end-May, PM says.... [more]

• ‘It’s insulting’: Ferrari fans have given their verdict on its first electric car, and it’s not good.... [more]

• RWE (RWEG.DE), Germany's biggest power producer, is ​considering buying further shares in power ‌network operator Amprion, a person familiar with the matter said. RWE currently holds a 25.1% stake.... [more]

• Wealthy Asia-Pacific investors cite recession as top concern.... [more]

• Online retailer Temu has been hit with a fine imposed by the European Commission for failing to stop the sale of allegedly dangerous products. The Chinese owned retailer was fined €200m (£175m) .... [more]

• China’s BYD aims for zero accidents with ‘God’s Eye’, vows crash cost coverage.... [more]

• Starbucks marketing blunder complicates South Korea’s elections. ‘Tank Day’ uproar tied to firm headed by conservative business scion who’s pals with Donald Trump Jr. highlights dangers of the politics of symbolism.... [more]

• Korea’s Pension Fund Raises Domestic Stock Target as Kospi Soars.... [more]

• Sri Lanka's monetary stance is broadly appropriate, and the country still has ​strong potential to reach the International Monetary Fund's 3% growth target, ‌the head of the IMF's Sri Lanka mission said on Thursday..... [more]

• India’s energy investment is likely to reach a record $170 billion in 2026, driven by a push towards renewable energy capacity addition, strengthening of transmission and distribution networks, and deployment of storage systems.... [more]