Market Reports

• Australian Market Report: Australia’s sharemarket has fallen to a seven-week low. The S&P/ASX200 fell 125.5 points on Monday, down 1.5 per cent, to 8505.3, as the broader All Ordinaries tumbled 135.2 points, or 1.5 per cent, to 8735.4..... [more]

• U.S. Market Report: U.S. stock indexes extended losses on Monday, with the Nasdaq leading declines as semiconductor ​shares came under pressure, while surging Treasury yields and oil prices revived concerns.... [more]

• European Market Report: European stocks started off on a weak note on Monday but recovered and gained in strength as the day progressed after Iran said it had responded to a fresh proposal from the U.S..... [more]

• Asian Market Report: Asian shares ended broadly lower on Monday as oil and global bond yields spiked amid rising U.S.-Iran tensions. A raft of Chinese data signaling slowing economic momentum in April also kept investors on edge..... [more]

Australian Business News

• Mortgage analysts and brokers are tipping a 25 to 40 per cent reduction in investor home loans, as the banks begin tightening lending in response to the federal budget. The end of negative gearing for existing investment properties.... [more]

• Datt Capital’s Emanuel Datt has stressed investors are focusing on the wrong risk on interest rates, saying the key issue is not whether the Reserve Bank of Australia would lift rates again but how long the current elevated settings.... [more]

• ASX-listed loyalty and rewards player Klevo Rewards (ASX:KLV) has inked a HoA deal to acquire Australian credit licence holder Just Ask Solar Pty Ltd, effectively giving Klevo Rewards means to pivot into the Australian credit market..... [more]

• Why rising bond yields are a tax on every asset you own — and what it means for the ASX right now. Stocks and commodities shrugged off rate risk — until the bond market stopped letting them. Here's why that changes everything..... [more]

• ‘Transitional’: Foreign renewable energy investors to get 50 per cent CGT discount until 2030. Jim Chalmers has been accused of favouring foreign multinationals over “mum-and-dad investors” .... [more]

• China is "playing a hard game" on the global minerals and metals market and Australian smelters need taxpayer support to "play hard back", according to a senior union official. .... [more]

• Freshly cashed-up with a new $1.8 million war chest, PLC Resources has wasted no time putting the drill bit to work, kicking off a maiden reverse circulation drilling program at its Rochefort gold prospect in Western Australia.... [more]

• Augustus Minerals has topped up its war chest with a $2.5 million placement to fast-track a second round of drilling at its Music Well gold project near Leonora in WA, after a stunning maiden drill campaign.... [more]

• Tim Roberts’ former right-hand man Darren Weaver believed to be the boss of Chris Ellison’s new family office.... [more]

• 88 Energy's South Prudhoe project is a "significant multi-reservoir, infrastructure-led opportunity” says broker.... [more]

• Ora Banda Mining has delivered a major hike in its gold inventory near Kalgoorlie in Western Australia, boosting resources and more than doubling reserves as it sets up the next stage of growth at Davyhurst..... [more]

• Anglo American has sold its five steelmaking coal mines in Queensland to a UK mining company for up to $5.43bn. The sale to Dhilmar.... [more]

• Push for Australia to extract helium gas as Middle East war impacts global supply.... [more]

• A steel mill on the industrial edge of Melbourne has become the first in Australia to draw more than half its power from renewable energy sources, marking a step forward in the push to clean up one of the world’s most carbon-intensive.... [more]

• James Hardie Industries (NYSE: JHX) reports fourth quarter fiscal 2026 earnings on Tuesday, with the Street looking at whether management can prove that the full-year profit framework still holds water..... [more]

• Why are Tuas shares crashing 69% on Monday? Investors are hitting the sell button in a panic this morning..... [more]

• The early US commercial rollout of Lumos Diagnostics’ FebriDx rapid, point-of-care (POC) bacterial-versus non-bacterial test for respiratory infections is progressing steadily following a recent key regulatory clearance..... [more]

• Bapcor’s (ASX: BAP) sales momentum has improved since the half-year result. But elevated fuel prices and higher interest rates are undermining this momentum. The company expects underlying fiscal 2026 EBITDA of.... [more]

• Opinion - Clancy Yeates: The 30-year boom in Australian house prices has created plenty of corporate winners, but few companies have benefited quite as handsomely as the big banks..... [more]

• Comment - Michael Pascoe: Distortions. Negative gearing changes a gift for investors.... [more]

World Business News

• The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis. A review of ​corporate statements since the start of the conflict.... [more]

• The oil market is reaching a ‘tipping point’ that could create problems for stocks, according to this Wall Street legend.... [more]

• Justice Department announces a $1.7B fund to compensate Trump allies in a deal to drop IRS suit.... [more]

• How Trump’s crypto venture and Iran’s top exchange tapped into the same industry networks. Iran’s Nobitex has processed at least $2.3 billion through Tron and BNB Chain, blockchain ledgers started by backers of the Trump family.... [more]

• Higher mortgage rates, rising gas prices and continued economic uncertainty over the war with Iran are all still weighing on potential homebuyers. Builders, however, are feeling slightly better about their businesses,.... [more]

• Musk loses case against OpenAI.... [more]

• Jury dismisses all claims in Elon Musk's lawsuit against OpenAI CEO Sam Altman.... [more]

• Elon Musk compares his company’s work to that of Jesus. In an interview on Monday, the billionaire said his Neuralink brain-implant company is progressing in its development of ‘Jesus-like technologies’.... [more]

• U.S. power giants NextEra Energy and Dominion Energy announced plans Monday to merge in the largest electricity deal — by far — since the mainstreaming of AI..... [more]

• Zscaler stock jumps 10% on B.Riley upgrade to buy.... [more]

• U.S. banking giant Citigroup (C.N), and BlackRock's (BLK.N), HPS Investment Partners have partnered on a 15 billion euro ($17.48 ​billion) private credit program to expand direct ‌lending across the EMEA region.... [more]

• Arm’s stock could rise another 45% as the ‘renaissance of CPUs’ takes hold, analyst says. Arm is destined to play a starring role in the market for server CPUs, which could quadruple to $137 billion by the end of the decade.... [more]

• UnitedHealth falls after Berkshire sells stake in health insurer.... [more]

• ACS to invest $2.1 billion in digital infrastructure projects.... [more]

• Lululemon is showing its teeth. The Vancouver, British Columbia-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives”.... [more]

• Playground Global raises $475 million VC fund.... [more]

• Truckmaker Volvo Group (VOLVb.ST), on Monday agreed to a $197 million settlement with the California Air ​Resources Board over alleged violations of the state's heavy-duty ‌engine regulations..... [more]

• U.S. prosecutors asked a judge Monday to dismiss criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, who had been accused of duping Wall Street investors who poured billions of dollars.... [more]

• Former Google CEO Eric Schmidt was booed by students as he spoke about the rise of artificial intelligence during his speech at University of Arizona's graduation ceremony, underscoring growing anxiety over AI's impact on jobs..... [more]

• The European Union has selected Swedish private equity group EQT AB (EQTAB.ST), to run its 5 billion euro ($5.83 billion) Scaleup ‌Europe Fund set up with an aim to invest in technology companies, the EU and investment firm said.... [more]

• Rachel Reeves is planning to cancel a rise in fuel duty this week when she unveils a package of measures to reduce the cost of living. The chancellor will announce she will not put up the tax by 1p as was due to happen in September.... [more]

• Prince William’s Duchy of Cornwall plans to sell about 20% of its 1 billion pound ($1.3 billion) property portfolio over the next decade to consolidate its holdings and finance plans to build thousands of homes, expand renewable energy.... [more]

• Recruiter Hays appoints Mark Dearnley as chief executive. The appointment comes after predecessor Dirk Hahn stepped down for ‘personal reasons’ after 28 years at the firm earlier this year..... [more]

• Halifax could disappear from UK high streets as Lloyds assesses branding strategy. Bank founded 174 years ago could be phased out from as early as 1 July as part of group’s review.... [more]

• Ryanair boss Michael O’Leary to reach four decades in job as decision on future looms. ‘In spring 1991 I thought it would be a miracle if we were still in business three months later’, the controversial CEO once said.... [more]

• Is the UK's once favourite car coming back as an EV? For nearly half a century, the Ford Fiesta was one of the best-selling cars in the UK – and now, three years after it was discontinued, it might be on its way back..... [more]

• Switzerland's economy grew by 0.5% during the first quarter of 2026, the government said on Monday, an ​acceleration from the end of last year.... [more]

• IKEA franchiser cuts hundreds of jobs to prevent price rises.... [more]

• Chinese investment in Europe reached a new ​record in 2025, with more ‌factories being built than ever before, German business daily Handelsblatt ​reported on Monday. Greenfield investment - ​where foreign investors build new ⁠production.... [more]

• Liquidators for Evergrande Group, the failed Chinese property giant, are ‌seeking 57 billion yuan ($8.4 billion) in damages from PwC, accusing it of being negligent in its auditing work, a Hong Kong court was told on Monday..... [more]

• China losing trillions as new home sales crash, analysts say home ownership dream is slowly fading. The world’s biggest economy is facing problems of unprecedented scale with trillions sinking into nothing..... [more]

• China's solar exports jump 60% on the year in April.... [more]

• As China’s yuan emerges as a global currency, Beijing faces a balancing act. China’s top foreign exchange regulator said in an article that authorities would seek to keep the yuan ‘basically stable’.... [more]

• Baidu AI Sales Eclipse Waning Legacy Ads for the First Time.... [more]

• Samsung Electronics Co. and its largest labor union are locked in talks to avert a strike at the largest maker of memory chips, and there could be significant disruption to semiconductor supply chains if it goes ahead..... [more]

• India has become one of the fastest-growing markets for AI-generated visuals, with users creating more than one billion images using ChatGPT Images 2.0 within weeks of its rollout, according to OpenAI chief executive Sam Altman..... [more]

• Explainer - Aisha Down: How realistic is threat of Iran charging to use internet cables under strait of Hormuz? Plan floated in Iranian media to extract revenues from US tech firms would rely on intimidation and is legally dubious.... [more]