Market Reports

• Australian Market Report: The ASX was closed in observance of King's Birthday public holiday. The S&P/ASX200 fell 61 points on Friday, down 0.7 per cent, to 8625.1.... [more]

• U.S. Market Report: Wall Street's major indexes ​rose on Monday, as chipmakers bounced back from a sharp selloff last week, while investors took comfort from ‌signs of cooling tensions in the Middle East..... [more]

• European Market Report: After staying well below the flat line till about an hour past noon on Monday, European stocks recovered some lost ground after Iran announced the end of its military operation against Israel.... [more]

• Asian Market Report: Asian markets declined on Monday as a sell-off in tech shares gathered momentum following Broadcom's disappointing AI outlook. Markets were also spooked by higher bond yields and interest rate worries after U.S. jobs data.... [more]

Australian Business News

• The Australian dollar has found itself under renewed pressure. Earlier, the local currency hit 70.18 US cents, the lowest level since April 8 when it was 69.46 US cents..... [more]

• Australia’s economic risks are rising with a trio of economic shocks set to smash an already slow growth rate. In a grim market update, HSBC chief economist Paul Bloxham has sounded the alarm on the potential of a recession.... [more]

• People aren't moving to Tasmania anymore and that has implications for the economy..... [more]

• One Lesson from 20 Years of Investing. 'Extraordinary' returns are achievable, but not how you may think..... [more]

• Financial products and services should be fully subject to the same general unfair trading practices prohibition that prevail elsewhere in the economy, according to the Australian Competition and Consumer Commission (ACCC)..... [more]

• Households outshine business in Australia’s rooftop solar revolution, report finds. Australia leads world in residential solar per capita with 22GW installed but commercial and industrial sector has deployed only a quarter of that.... [more]

• Green energy is shielding Australia from a global power price shock.... [more]

• South32 Ltd (LSE:S32, ASX:S32, OTC:SHTLF) is Citi's preferred mining stock as the bank becomes more bullish on copper and aluminium prices, while Glencore PLC (LSE:GLEN) is its favoured way to play the copper theme.... [more]

• Emperor Energy (ASX:EMP) is finalising a number of key matters as it progresses plans for the drilling of Judith-2 appraisal well off the coast of Victoria..... [more]

• Airlines in the Asia-Pacific region are forecast to cop a 35% fall in profits per passenger this year. Delivered by the International Air Transport Association overnight Australian time, the analysis flags a 70% increase in global jet fuel.... [more]

• We transfer coverage of Cochlear (ASX.COH), the leading cochlear implant manufacturer, with around 60% global market share. Developed markets are 80% of revenue, where it largely targets adults and seniors facing hearing loss..... [more]

• Grill’d chief executive Simon Crowe has insisted the 4000 employees of his burger chain are his top priority after more than a decade of pay disputes that led to worker strikes, multiple clashes with the Fair Work Commission .... [more]

• Computershare Shares Break Positive, Amid Volatile Year: What Next?.... [more]

• Animoca Brands and its affiliates have co-invested US$1 million in Superior.Trade, a protocol layer for agentic trading teams. The investment is the first under the Minds Investment Programme, which was launched by Animoca Brands.... [more]

• Opinion - Elizabeth Knight: Why some Australian investors will risk punting on Musk’s $2.5 trillion space vision.... [more]

• Xero Shares Pull Back from Resistance, Offers Relief in Green Week. Xero shares had three negative sessions to end last week, with a 1.41% dip on Friday seeing XRO close out at A$79.27..... [more]

• Comment - Grace Alvino: How to invest in ASX shares when you don't know what to buy. The hardest part of investing is not always finding ideas. Sometimes it is dealing with too many of them..... [more]

• Comment - Elizabeth Morton, Lisa Greig: This tax time, here’s what to watch out for – and when it’s better to lodge early or later.... [more]

World Business News

• Americans haven’t been this gloomy about their household finances in years – and they expect it’ll only get worse, new survey data showed Monday..... [more]

• Trump's $100K H-1B visa fee struck down.... [more]

• Citigroup became the latest Wall Street brokerage to raise its 2026-end target for the S&P 500 (.SPX), beyond ​the 8,000 mark, citing resilience in corporate earnings and ‌AI-driven growth..... [more]

• Intel’s stock soars as the company’s ‘blue-chip roster’ of customers looks to be growing. Investors are cheering the idea that Intel could serve as a backup chip manufacturer for Nvidia and Google.... [more]

• The business of AI's 4 harsh realities.... [more]

• Apple on Monday announced an all-new version of Siri during its Worldwide Developers Conference, a move that could bring its roughly 15-year-old digital helper up to speed with rivals like ChatGPT and Google’s Gemini..... [more]

• Five ways Elon Musk's SpaceX upended Wall Street's IPO playbook.... [more]

• Wells Fargo closes short dollar bets on Chilean, Argentine pesos.... [more]

• Novo Nordisk and Eli Lilly took their GLP-1 pill battle to the preeminent obesity meeting this weekend as they prepare for the next sea change in how patients receive their drugs..... [more]

• Eli Lilly stock jumps after late-stage trial of next-generation weight-loss drug.... [more]

• United Airlines CEO Scott Kirby said he doesn’t expect more airline consolidation in the U.S. and he’s not interested in pursuing a merger for his airline after American Airline rejected the idea of a combination earlier this year..... [more]

• Law firm Morgan & Morgan explores stake sale, eyes long-term IPO.... [more]

• Sam Bankman-Fried, the former crypto billionaire who orchestrated one of the largest financial frauds in history, officially asked President Donald Trump for a pardon, according to the Justice Department’s website..... [more]

• Europe Watches Its Economic Recovery Fade Into the Distance. As the war in Iran persists, signs point to a prolonged period of higher prices and slower growth rather than a quick shock..... [more]

• The pound neared its lowest level in ​nearly two months on Monday, largely because of the strength of the dollar, which benefitted from mounting expectations ‌for U.S. rates to rise this year and from a degree of safe-haven demand.... [more]

• Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year..... [more]

• Tate & Lyle agrees £2.7bn US takeover in latest blow to London market.... [more]

• City watchdog sues Neil Woodford for allegedly offering unauthorised investment advice. Move comes months after the FCA announced plans to ban the former investment star from holding senior City roles.... [more]

• Revolution Beauty has struck a deal with its shareholder Debenhams Group to launch beauty and fragrance products, having “completely reset” the relationship years after a well-publicised boardroom spat..... [more]

• Nationwide nearly doubles CEO’s pay packet to £4.7m despite bonus row. Debbie Crosbie receives £3.2m in bonuses after mutual building society’s takeover of Virgin Money.... [more]

• Bending Spoons, an ​Italian tech firm that acquired internet brand AOL and ticketing marketplace Eventbrite this year, filed on ‌Monday for an initial public offering on the U.S. Nasdaq. The company, which buys and revamps digital.... [more]

• 'No dead ends': What the Dutch can teach us about tackling youth unemployment. A landmark report last month found Britain is grappling with a youth engagement crisis - with nearly one in eight 16 to 24-year-olds not in.... [more]

• Russia is set to reduce its crude oil exports as it plans to boost refinery runs in June amid looming fuel shortages, market sources ​said..... [more]

• Leaks and backdoors: China warns of security risks in relay services for foreign AI models.... [more]

• Pentagon Accuses Alibaba, Baidu of Aiding China’s Military.... [more]

• AXA, Standard Chartered eye expansion in Hong Kong’s booming offshore wealth market. City’s offshore wealth market is thriving as AXA and Standard Chartered target high-net-worth clients despite regulatory tightening.... [more]

• India's Punjab National Bank(PNBK.NS), expects the banking sector to raise $35 billion to $40 billion via foreign currency deposits under a scheme announced by the central bank ​on Friday, a top executive told Reuters..... [more]

• Zepto files for $1 billion India IPO on rapid delivery growth.... [more]

• The rupee surrendered most of its previous session's gains and fell 43 paise to close at 95.61 against the US dollar on Monday weighed down by a sharp rise in crude oil prices.... [more]