Market Reports

• Australian Market Report: The Australian sharemarket finished lower ahead of budget night, amid concerns the Iran war will continue to drag on. Tech stocks, banks and healthcare stocks led the losses, while miners and energy stocks advanced..... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq pulled back from record highs on Tuesday, with ​technology stocks leading declines, after a hotter-than-expected inflation report and stalled efforts to resolve the Middle East conflict weighed.... [more]

• European Market Report: European stocks closed weak on Tuesday, weighed down by Middle East concerns and higher oil prices. Political uncertainty in the UK weighed as well on sentiment..... [more]

• Asian Market Report: Asian stocks ended mostly lower on Tuesday as a recent tech-led rally lost steam and oil prices extended their surge amid fresh doubts over the U.S.-Iran ceasefire.After U.S. President Donald Trump rejected Iran's latest peace proposal.... [more]

Australian Business News

• “A real sting in the tail” - The rules of investing have been rewritten (plus 5 key charts). The Budget has rewritten the rules on CGT, property and trusts. Here’s the impact for you - plus the 5 charts Labor used to justify them..... [more]

• Federal Budget 2026: Jim Chalmers says Australia will be resilient as war sparks food, building increases. Dr Chalmers was on Tuesday night confident the country would avoid recession even if the conflict between the United States, Israel.... [more]

• The Albanese government has been accused of taking an “unnecessary” backwards step for housing supply, after it confirmed a huge tax change. The Real Estate Institute of Australia said the changes to negative gearing and capital.... [more]

• Capital gains tax changes in federal budget could see investment shift from property to shares.... [more]

• The financial services regulators, the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have emerged as Budget winners as the Government commits to.... [more]

• Top rated quality ETF. SPDR MSCI World Quality Mix (ticker: QMIX) continues to be a solid choice for its uncomplicated and diversified factor-based methodology at a highly competitive annual fee of 0.18%..... [more]

• TMK Energy appears to be steadily earning a top seat at the table in Mongolia’s emerging gas sector, with production continuing to rise at its Gurvantes XXXV coal seam gas project..... [more]

• Mining company Fortescue has been ordered to pay $150m in compensation to traditional owners over cultural losses caused by the multibillion-dollar Solomon Hub iron ore mine – the largest compensation payout in native title history..... [more]

• American West Metals has shifted into high gear at its West Desert project in Utah, significantly upscaling its diamond drilling program to fast-track the hunt for a suite of strategically vital critical metals..... [more]

• Larvotto Resources has chalked up a genuine “red letter” project development moment at its Hillgrove antimony-gold project near Armidale in New South Wales, with first ore from its Metz underground mine now hauled.... [more]

• Evion Group has struck a deal to acquire the historically producing Carp fluorspar project in Nevada, broadening its critical minerals exposure beyond an established graphite base. The proposed acquisition will be supported by a $6.5.... [more]

• A Darwin-based chemical recycling company is planning to make diesel from locally extracted gas condensate, in the hopes of establishing a domestic fuel supply. Global Resource Recovery (GRR) .... [more]

• Sunrise Energy Metals Shares Add 3,000% in 12 Months: What Is Behind The Move?.... [more]

• Forrestania Resources has officially bolstered its West Australian gold arsenal after completing the acquisition of the Hyden gold project, 120 kilometres south of Southern Cross near the wheatbelt town of Hyden..... [more]

• Healthcare giant CSL’s shares have plunged a further 20% to a decade low after the business announced another market write down. In a 90-day review, CSL told the market it would take another $US5bn ($A6.9bn) non-cash.... [more]

• The Dutch-based shipping company Vroon has announced it is selling its live export subsidiary (Livestock Express) to the Australian company Heytesbury, in a major deal that includes a fleet of 11 live export ships..... [more]

• Biome extends Probiotical supply agreement through to 2028.... [more]

• Hazer Group (ASX: HZR) has entered into a non-binding memorandum of understanding (MoU) with Continual Renewable Ventures (CRV) to assess opportunities for developing low carbon liquid fuels (LCLF) production.... [more]

• Centuria Industrial REIT Offloads Assets, Reaffirms Guidance Despite Market Headwinds.... [more]

• Supermarket foods claiming to be ‘natural’ or ‘sustainable’ mostly just using marketing terms, researchers find. Survey of 27,000 Australian supermarket items found some products boasting environmental benefits had.... [more]

• ‘Boys’ club’: Former Woolworths executive sues over alleged bullying. A senior executive who worked at Woolworths for eight years claims she was made to work through her holidays, paid a third of a comparable male colleague’s .... [more]

• Comment - Greg Jericho: The budget in seven graphs: no big surprises but this may be one of the most ambitious moves to fix Australia’s finances.... [more]

• Opinion - Clancy Yeates: Investors appear to have convinced themselves that the worst of the war-induced energy crisis is largely over, based on some recent records notched up on global markets..... [more]

• Analysis/Opinion - Grace Alvino: How much do I need to invest in ASX shares for $500 a month of passive income? Banks, miners, retailers, and REITs could all play a role, but I would not want the portfolio relying too heavily on one area..... [more]

• Comment - Harry Chemay: Chalmers’ budget. From landlord paradise to clever country? Hailed as the biggest reform since the GST, Treasurer Jim Chalmers promises cheaper houses through first home buyer support, negative gearing.... [more]

World Business News

• The U.S. war with Iran has pushed inflation to its highest level in almost three years. Consumer prices in April were up 3.8% from a year ago, according to a report Tuesday from the Labor Department..... [more]

• America's job market optimism gap is the worst in the world.... [more]

• Months after the Supreme Court ruled some tariffs were unconstitutional, the first round of tariff refunds has begun flowing in..... [more]

• Some private credit funds marked the values of their investments significantly lower in the first quarter, their filings show, highlighting the pressure they face as artificial intelligence upends business ​models and projections.... [more]

• Google disrupts hackers using AI to exploit an unknown weakness in a company’s digital defense.... [more]

• Google is already a major investor in SpaceX, and soon the companies may ink a deal that links them even more tightly from a business perspective. Elon Musk’s rocket-launch company is in talks to help Google.... [more]

• Meta Platforms (META.O), has offered to give rival ​AI chatbots free access ‌to its social messaging service WhatsApp for a month while ​it discusses commitments with ​EU antitrust regulators to address ⁠their concerns.... [more]

• There was a ‘morale boost’ when Elon Musk left OpenAI, Sam Altman testifies.... [more]

• OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk's claim that he betrayed the ChatGPT maker's founding mission ​to serve the public good, and said it was Musk who was interested in seizing control of OpenAI.... [more]

• Byron Allen, a media entrepreneur known for aggressively trying to roll up various media assets, on Monday announced a deal to buy a majority stake in BuzzFeed..... [more]

• Why Intel’s stock is falling and guiding the chip sector toward its worst day of the year. Analysts note ‘buyer exhaustion’ as well as market concerns about what the latest inflation data may mean for future data-center spending.... [more]

• Zillow sues Compass and Chicago listing service over hidden home listings.... [more]

• Leidos receives $2.7 billion hypersonic weapons contract.... [more]

• Netflix has been sued in Texas over claims it collects data belonging to children and adults in the US state without their consent, and uses "addictive" design to keep them hooked..... [more]

• United Airlines flight attendants approved a new five-year labor contract with 31% average raises to base pay by August and other improvements,.... [more]

• Online marketplace eBay has rejected an offer from GameStop to buy the company for $55.5 billion, dealing a blow to the video game retailer’s ambitions to create a rival to Amazon..... [more]

• Brazil's April inflation matches forecasts despite growing external risks.... [more]

• Long-term UK borrowing costs soared to the highest level in almost three decades on Tuesday as fears about a change of Labour leadership triggered investor jitters and warnings of further bond market turmoil..... [more]

• JP Morgan could scrap £3bn London HQ if Starmer is replaced by PM ‘hostile to banks’. Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lenders.... [more]

• Burberry’s bet on Gen Z shoppers and reviving its British heritage will come under the microscope as investors hope the brand’s cost-cutting is paying off..... [more]

• Starlink rival Eutelsat's Q3 revenue meets forecasts as LEO growth offsets video decline.... [more]

• UK laboratory testing company Intertek has rejected the latest bid proposal from Swedish suitor EQT worth £8.9 billion. London-based Intertek said its board “unanimously and unequivocally rejected” the approach.... [more]

• French economy resilient but Iran crisis weighs, central bank says in monthly report.... [more]

• Tech boom vs oil crisis: Asia’s new economic reality is a warning for the world.... [more]

• US President Donald Trump said he would prioritize trade discussions during his summit with Chinese counterpart Xi Jinping, and downplayed the amount of attention they would devote to the Iran war..... [more]

• Jiangsu Hengrui Pharmaceutical, China’s largest drug company by market capitalisation, has signed a global collaboration and licensing agreement with US pharmaceutical giant Bristol Myers Squibb (BMS) worth up to US$15.2.... [more]

• Hong Kong gold push delivers record US$732 million ETF inflows in April.... [more]

• Japanese snack giant Calbee says it will temporarily switch to black and white packaging for some of its best-known products as supplies of an ingredient used in ink have been disrupted by the Iran war..... [more]

• Indonesia’s debt wall hits an economy running on borrowed time.... [more]

• India’s inflation edged higher last month, rising less than economists expected, with the outlook remaining worrisome as the war in the Middle East pushes up energy costs..... [more]

• India's IT shares near three‑year low as OpenAI move revives AI fears.... [more]

• Comment - David Milliken and Yoruk Bahceli: Political turmoil and inflation threat vie to push up UK borrowing costs. Intense pressure on Prime Minister Keir Starmer is driving up British government borrowing costs.... [more]