Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: The S&P/ASX 200 rose 50.6 points, or 0.6 per cent, to 8589.2, with seven of 11 industry sectors in the green. The Australian dollar was fetching US65.56¢, from US65.2¢ at midday on Wednesday..... [more]

  • U.S. Market Report: The S&P 500 and the Dow edged up on Thursday, brushing off President Donald Trump's latest tariff salvo, while airline stocks soared on the wings of Delta's upbeat forecast..... [more]

  • European Market Report: European stocks closed on a positive note on Thursday with the undertone remaining firm amid expectations the European Union and the U.S. will strike a trade deal soon..... [more]

  • Asian Market Report: Asian stocks ended Thursday's session mostly higher, unfazed by U.S. President Donald Trump's latest tariff salvos..... [more]

Australian Business News

  • Business revenues declined in May for the first time since late 2024 in a fresh warning bell for Australia’s stumbling economy..... [more]

  • WA fintech ProspEx and its nascent royalties trading platform has been selected by the Reserve Bank of Australia to take part in a nationwide research effort investigating where digital assets could be used in the economy..... [more]

  • This week’s shock decision from the Reserve Bank of Australia to keep interest rates on hold could dampen the country’s recovery in spending, the Commonwealth Bank has warned..... [more]

  • One of HESTA's top executives says most of its 1 million members are able to access their superannuation, despite some members reporting ongoing delays and problems..... [more]

  • $480m + 5800 consumers – the looming Shield CSLR cost. While the Dixon Advisory collapse continues to weigh on the cost of the Compensation Scheme of Last Resort (CSLR) financial advisers have been reminded of the looming costs.... [more]

  • First Guardian investors warned their superannuation may never be recovered .... [more]

  • Is there a Magnificent 7 ASX ETF? Nvidia just became the world's first US$4 trillion company..... [more]

  • Are we too obsessed with investment fees? .... [more]

  • 2 sizzling stocks in an ASX sector that keeps defying the odds. Auscap’s Will Mumford reveals 2 growth stocks he’s backing in a sector where “discretionary” items are starting to become essential..... [more]

  • Perenti: The 'undervalued' mining services play, leveraged to gold with stable dividends.... [more]

  • Pacgold Limited has unveiled a multi-million-ounce lookalike target at its Alice River gold project in Far North Queensland. Based on the results of high-intensity induced polarisation (IP) surveys.... [more]

  • American West strikes deep, thick copper at Canadian play .... [more]

  • Billion-dollar Kathleen Valley lithium mine officially opens in WA amid low prices.... [more]

  • Mapping by Southern Hemisphere Mining’s new joint venture partner FMR Resources across its southern porphyry at Llahuin in Chile has enabled FMR to refine its phase one targets for drilling later this year..... [more]

  • Investors cautious as Trigg Minerals issues unusual trading halt.... [more]

  • Buru Energy sells 2H Resources, non-core Canning Basin assets to Koloma in strategic refocus.... [more]

  • Fair Work Commission rules against BHP, but ignores wage theft.... [more]

  • Ausgold snares $35 million in placement that sets course to Katanning gold FID.... [more]

  • Australian pharmaceutical giant CSL is on tariff watch after US President Donald Trump threatened to slug pharmaceutical imports into the US with a 200 per cent impost,.... [more]

  • ACCC approves merger of dairy giants Lactalis and Fonterra.... [more]

  • Australia’s longest running magazines for women are on the market for a potential buyer to own some of the nation’s most well known brands. Publisher Are Media,.... [more]

  • Millions of Qantas customers are finally learning how much of their personal data – including meal preferences – was taken by cyber criminals in last week’s raid..... [more]

  • Bega's 100 per cent Australian peanut butter continues despite processing plant closure.... [more]

  • Qantas hack will haunt affected customers for a long time, experts warn. Qantas customers caught up in the data breach are under increased risk, with experts warning that the information stolen from the airline could be used.... [more]

World Business News

  • Trump is threatening tariffs on a Beijing-backed group. What’s got him so worried? .... [more]

  • A top strategist who called last year's rally sees AI driving the S&P 500 up 12% by the end of 2025.... [more]

  • Nvidia reached another milestone in its rise to becoming one of the world’s most important companies: the first publicly traded company to reach a market value of $4 trillion. .... [more]

  • AMD’s stock is rallying as analysts make their case for a 40% gain from here. The chip maker’s new MI350 series AI accelerators are competitive with Nvidia’s Blackwell AI platform, according to HSBC — and their pricing hits a sweet spot.... [more]

  • Tesla (TSLA.O) reached out to Arizona late last month to start a certification process for an autonomous vehicle ride-sharing service, and a decision is expected by the end of this month, the state's transportation department said.... [more]

  • Tesla announces November annual meeting under pressure from shareholders.... [more]

  • X's road from "everything app" to nothing app.... [more]

  • America’s toy prices could rise later this year, particularly if higher tariffs take effect, Hasbro CEO Chris Cocks told CNN’s Audie Cornish, host of “The Assignment” podcast..... [more]

  • Delta shares jump 12% after airline reinstates 2025 profit outlook as CEO says bookings stabilized.... [more]

  • Deutsche Bank initiated coverage of Cinemark with a Buy rating and a $36 price target,citing an expanding film slate and industry normalization that should support a sustained box office recovery and stronger free cash flow..... [more]

  • Video Game Actors End Contract Dispute Over A.I. The actors went on an 11-month strike against the studios behind Call of Duty and other games because of concerns that visual and voice replicas would reduce their work..... [more]

  • Brazil scrambles to respond to Trump's 50% tariffs.... [more]

  • Spain's tourism sector expects slowdown in summer sales.... [more]

  • South West Water allowed to invest £24m rather than pay £19m fine. Campaigners say Ofwat ‘subservient to industry and its rampaging pursuit of profit’ after illegal sewage discharges.... [more]

  • Four arrested in connection with M&S and Co-op cyber-attacks.... [more]

  • WK Kellogg (KLG.N), on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, uniting two of the world's most recognizable consumer brands.... [more]

  • Shares of Froot Loops cereal maker soar 50% after reports of Ferrero acquisition.... [more]

  • BMW shares rise 4% after positive pre-close earnings call.... [more]

  • Why little Lithuania has big plans for space tech.... [more]

  • After years of mounting concern over deflation and the bruising price wars that have plagued much of China’s economy, President Xi Jinping’s government is showing signs of finally taking action..... [more]

  • China’s cloud services spending hits US$11.6 billion in first quarter on AI-related demand. Alibaba leads the market with a 33 per cent share, followed by Huawei and Tencent with shares of 18 per cent and 10 per cent, respectively.... [more]

  • China’s gold hoarding: a bad omen for the dollar .... [more]

  • Huawei Technologies is attempting to export small amounts of AI chips to the Middle East and Southeast Asia, as it looks to establish itself in markets dominated by U.S. chip designer Nvidia (NVDA.O),.... [more]

  • BOJ sees firms taking US tariffs in stride but cautious on outlook.... [more]

  • JPMorgan Mulls Cutting China, India Share in EM Bond Index.... [more]

  • Asean foreign ministers have reaffirmed their support for an early and satisfactory review of the agreement for goods trade with India, amid pressure from New Delhi to ensure a modern and more equitable treaty..... [more]