Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: The Australian sharemarket has ended the week lower as uncertainty. The S&P/ASX 200 edged down 6.9 points to close at 8786.50 on Friday..... [more]

  • U.S. Market Report: The ​S&P 500 and Nasdaq climbed to intraday records on Friday, buoyed by optimism for negotiations between the U.S. and Iran to end ‌the war and a surge in Intel shares that extended the rally in semiconductor stocks..... [more]

  • European Market Report: European stocks moved mostly lower over the course of the trading session on Friday amid signs that the U.S. and Iran have made little progress toward de-escalating the Middle East conflict..... [more]

  • Asian Market Report: Asian stocks turned in a mixed performance on Friday as U.S.-Iran tensions persisted over the control of the Strait of Hormuz..... [more]

Australian Business News

  • Hidden value in an expensive ASX. How investors can uncover value beyond the index heavyweights..... [more]

  • Are Australian stocks finally cheap? Morningstar thinks so. Morningstar sees broad undervaluation across the market – and highlights where to look for opportunities..... [more]

  • The High Court rules New Zealand’s sovereign wealth fund is making unlawful investments, flouting human rights – like Australia’s Future Fund. Last week, the New Zealand High Court made a landmark ruling.... [more]

  • Four Australian influencers have been hit with warning notices from the Australian Securities and Investments Commission (ASIC) — accused of "misleading and deceptive conduct"..... [more]

  • Queensland construction industry fund BUSSQ has moved to offer a Core and Satellite investment model to members with timing acknowledging the looming implementation of pay day superannuation..... [more]

  • Anthony Albanese accused of ‘caving to gas companies’ as Labor set to reject new export tax. David Pocock says prime minister – who is trying to shore up fuel supplies – is parroting industry talking points.... [more]

  • An Australian company will test whether it can reduce emissions from electric vehicle batteries in a $38 million trial that could boost the nation's export potential. Western Australia firm PLS revealed on Friday.... [more]

  • Infini cleared for first Athabasca uranium drilling blitz in Canada.... [more]

  • Auric Mining has landed a high-profile leadership coup, appointing seasoned mining executive Gareth Solly as chief executive officer and executive director to spearhead the company’s evolution.... [more]

  • Australian gas giant Woodside has defended the current tax settings as company executives clashed with senators over the access they have to political parties. In a parliamentary grilling.... [more]

  • Gas giant Woodside says additional tax on gas exports would kill projects at Senate inquiry.... [more]

  • Australian Oil Company is raising $2m to ramp up oil production and advance exploration across its Surat Basin assets in Queensland. The two-tranche placement.... [more]

  • ‘Working immediately’: Macro Metals executes profit share agreement for Paris gold project.... [more]

  • Adisyn Ltd (ASX:AI1)’s past week has been the kind of run that small-cap tech investors wait for — a cluster of announcements that don’t just add incremental progress but instead start to reshape how the market views.... [more]

  • Nextdc Shares Hit 2026 High as A$750M Notes Boost Liquidity.... [more]

  • ‘Turned a blind eye’: Online mattress giant Emma Sleep slapped with huge fine over misleading sales, faking discounts. A bedding company best known for its “bed-in-a-box” mattress.... [more]

  • Opinion - Millie Muroi: Don’t let gas giants scare you - they need to cough up. There’s something better than a 25 per cent tax on gas exports. It involves us all having some skin in the gas game..... [more]

  • Analysis - Ian Verrender: Why the gas tax momentum is building as Australia looks to properly cash in on its abundant natural resources.... [more]

  • Analysis - Patrick Commins: Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried. A poll shows most Australians think the country is either in a recession or will be soon..... [more]

World Business News

  • Inflation is being underestimated, but that might be a tailwind for markets, strategists say.... [more]

  • Consumer sentiment rebounds slightly after hitting lowest level on record.... [more]

  • Justice Department drops probe into Fed Chair Jerome Powell.... [more]

  • The U.S. Space Force has awarded contracts worth up to $3.2 billion to 12 companies to develop space-based missile ​defense interceptor systems, advancing U.S. President Donald Trump's Golden ‌Dome plan..... [more]

  • US freezes $344 million in cryptocurrency linked to Iran.... [more]

  • Nvidia’s stock is finally on pace to notch a new record close — its first in nearly half a year — propelled by a fresh wave of enthusiasm for semiconductor stocks. The latest big catalyst is Intel INTC +23.64%.... [more]

  • Intel's latest stock rally has been a boon for one big investor: the US government. The Trump administration and Intel announced last August that the government had taken a nearly 10% stake in the chip maker..... [more]

  • Jane Street, Wall Street's leading market maker, generated a record $39.6 billion in net trading revenue last year, leapfrogging its biggest high-speed trading rivals and several investment banks.... [more]

  • It’s a tough time to be a cable and broadband operator. Charter Communications CHTR -25.50% reported steep declines in both its broadband and cable customer bases in the first quarter, sending its stock into a tailspin.... [more]

  • Meta to lay off 8,000 as part of AI efficiency push.... [more]

  • U.S. consumer goods giant Procter & Gamble (PG.N), on Friday warned ​of a roughly $1 billion post-tax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures.... [more]

  • How Elon Musk Used SpaceX to Benefit Himself and His Businesses. The rocket maker has been a useful financial tool for Mr. Musk, providing the billionaire with loans and aiding his struggling companies, a Times examination found..... [more]

  • Tesla is headed down a path of ‘runaway, unsustainable’ spending, analysts warn. The company plans to spend ‘in excess’ of $25 billion in 2026, far more than it has ever spent in a single year.... [more]

  • Clock ticks on Spirit Airlines as bondholders weigh Trump bailout. Here’s what could happen next.... [more]

  • Norfolk Southern railroad’s first-quarter profit fell 27% because it didn’t collect big insurance payments related to the East Palestine, Ohio, derailment and its planned merger with Union Pacific added to its costs..... [more]

  • FDA fast-tracks psychedelic drug research following Trump executive order..... [more]

  • U.S. officials have announced a sweeping crackdown on Southeast Asian cyberscam operations as part of what U.S. Attorney Jeanine Pirro characterized Friday as a “new theater of war” launched by the Trump administration.... [more]

  • Canada budget deficit over first 11 months of 2025/26 rises to C$25.55 bln.... [more]

  • Deutsche Boerse CEO warns against 24/7 trading as Wall Street gears up for it.... [more]

  • Stock markets will fall, Bank of England deputy governor says. Sarah Breeden predicts ‘adjustment’ due to elevated risk including private credit and highly valued AI stocks.... [more]

  • How does it affect me if share prices fall? The deputy governor of the Bank of England is the latest high-profile figure to question whether share prices are illogically high. Sarah Breedon said she expected share prices to fall.... [more]

  • Consumer confidence falls as rapid price rises give households the ‘jitters’.... [more]

  • Axel Springer did not complete due diligence on the Telegraph before sealing its £575m takeover, with sources saying the German media company could struggle to recoup its eye-watering investment.... [more]

  • The Government has been urged to stick to its pledge to ban ticket touting amid concerns the policy will be left out of next month’s King’s Speech. In November, the Government announced that new rules making it illegal to resell tickets.... [more]

  • UK eases airline penalties as jet fuel shortages threaten flights. Carriers will retain airport slots if they cancel services as passengers are urged to continue with travel plans.... [more]

  • The chairman of ​French cosmetics group L'Oreal (OREP.PA), dismissed any comparison with struggling beauty group Coty (COTY.N), on Friday, ​adding that the smaller ​company had no business model ⁠at all..... [more]

  • Italy needs budget leeway to help households and firms cope with surging energy costs, Deputy Prime Minister Matteo Salvini said on Friday, signalling ​Rome is likely to drop plans to bring the country's deficit ‌below 3% of GDP this year..... [more]

  • China first-quarter fiscal spending quickens as Beijing seeks to spur growth.... [more]

  • China’s DeepSeek unveiled a preview version of its much-anticipated new model on Friday, promising to rival models from OpenAI, Anthropic and Google a year after the then little-known start up took the global AI industry by storm..... [more]

  • US sounds alarm on China’s AI distillation as DeepSeek V4 debuts.... [more]

  • China's CITIC Securities (600030.SS), reported on Friday a ‌jump of 54.6% in first-quarter profit year-on-year, driven by surging brokerage fee income on high trading activity in domestic capital markets..... [more]

  • China’s Pop Mart eyes expansion at home and abroad for its Pop Land theme park. The company’s sole theme park in Beijing will launch its upgraded Labubu Forest Zone on Thursday.... [more]

  • Chinese EV makers target global expansion at Auto China amid energy shock. Most carmakers taking part in the exhibition have either debuted models designed for export markets or announced expansion plans.... [more]

  • Samsung Electronics' (005930.KS), production of foundry and memory chips at its facilities in ​South Korea dropped 58% ​and 18%, respectively, during the ⁠overnight shift on Thursday ​as unionised workers attended a protest ​.... [more]

  • RIl Q4 FY26 results: Mukesh Ambani-led Reliance Industries reported a decline in its consolidated net profit for the for the fourth quarter of 2025–26, even as revenue registered year-on-year increase..... [more]

  • Morocco opens $700M skyscraper as it boosts global ambitions.... [more]