Northern Star Resources Shares Drop as $500 Million Buyback Faces Gold Price Test

Northern Star Resources Shares Drop as $500 Million Buyback Faces Gold Price Test

Northern Star Resources shares fell 1.9% to A$20.75 in Sydney on Monday, closing at the session low despite ongoing gold price strength and a A$500 million buyback program. The drop came as the S&P/ASX 200 slipped 0.5% and other gold miners also declined. Northern Star has repurchased about 2.66 million shares so far, with nearly 20 million still authorized. The company said future buybacks depend on market conditions and capital needs.
May 12, 2026

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ANZ Shares Slip After Dividend Date as First Nations Solar Deal Moves Ahead

ANZ Shares Slip After Dividend Date as First Nations Solar Deal Moves Ahead

ANZ Group said it is among the financiers backing the Jinbi Solar Project, which reached financial close and will supply power to Rio Tinto from a 75 MWac facility in Western Australia. ANZ shares fell 2.4% to A$35.90 on Monday as the stock traded ex-dividend for an 83-cent interim payout. The S&P/ASX 200 slipped 0.49%. Full operations at Jinbi are expected by mid-2028.
Why Micron Stock Is Jumping Again: Samsung Strike Risk, AI Memory Shortage and a $1,000 Target

Why Micron Stock Is Jumping Again: Samsung Strike Risk, AI Memory Shortage and a $1,000 Target

Micron Technology shares jumped 6.5% to $795.33 after Deutsche Bank raised its price target to $1,000, citing tight memory supply and AI demand. Samsung and its union failed to reach a deal after 12 hours of talks Monday, with a strike still possible May 21. Micron reported fiscal Q2 revenue of $23.86 billion, up from $8.05 billion a year earlier. SK Hynix and Samsung shares also rose on supply concerns.
Westpac Banking Corporation Warning: Borrowers Get More Time, Not Relief, as RBA Hikes Loom

Westpac Banking Corporation Warning: Borrowers Get More Time, Not Relief, as RBA Hikes Loom

May 11, 2026
Westpac said customer spending growth slowed in the first quarter despite a surge in fuel costs, with average spend up 0.6% from the previous quarter. The bank raised variable home loan rates by 0.25% after the Reserve Bank of Australia lifted its cash rate to 4.35%. Westpac expects two more RBA hikes this year, now in August and September. Statutory net profit for the March half was A$3.4 billion, up 3% year-on-year.
Rigetti Earnings Beat: Quantum Revenue Jumps, But IonQ Gap Stays Wide

Rigetti Earnings Beat: Quantum Revenue Jumps, But IonQ Gap Stays Wide

Rigetti Computing posted first-quarter revenue of $4.4 million and an operating loss of $26.0 million, with $569.0 million in cash and investments as of March 31. The company’s adjusted loss was 4 cents per share, slightly beating forecasts, and its stock closed up 8.3% before slipping after hours. IonQ, a larger rival, reported $64.7 million in revenue and $3.1 billion in cash. Rigetti shipped new quantum hardware and plans major UK investment.
Binance Says AI Blocked $10.5 Billion in Crypto Fraud as Scams Go Industrial

Binance Says AI Blocked $10.5 Billion in Crypto Fraud as Scams Go Industrial

Binance said its AI systems blocked $10.53 billion in potential crypto fraud and protected 5.4 million users from Q1 2025 to Q1 2026. Chainalysis estimated crypto scams stole $17 billion in 2025, with AI-enabled scams 4.5 times more profitable than others. KuCoin warned users about deepfakes and investment cons. The figures are company-reported and unaudited, according to Intellectia.
BHP Group Ltd Stock Rises Against ASX Slump as Copper Bets Blunt Brazil Dam Risk

BHP Group Ltd Stock Rises Against ASX Slump as Copper Bets Blunt Brazil Dam Risk

BHP Group closed up 0.66% at A$58.33 in Sydney on Monday, near a 52-week high, while the S&P/ASX 200 fell 0.49%. No new filings explained the move, with ASX records showing no BHP announcements since May 6. The company highlighted copper demand tied to AI and confirmed Brandon Craig will become CEO on July 1. London’s Court of Appeal denied BHP’s bid to appeal liability for the 2015 Samarco dam collapse.
Netflix’s ‘Legends’ Review Buzz Puts Steve Coogan’s True-Crime Thriller in the Spotlight

Netflix’s ‘Legends’ Review Buzz Puts Steve Coogan’s True-Crime Thriller in the Spotlight

Netflix’s “Legends” debuted its first full week with mostly favorable reviews and a Metacritic score of 75. The six-part series stars Steve Coogan as a British Customs chief leading undercover operations against 1990s drug gangs. Neil Forsyth created the show, with Brady Hood and Julian Holmes directing. Critics praised Coogan’s dramatic turn and the show’s focus on real-life covert work.
Rocket Lab Stock Surges Again After Record Q1 Revenue, Golden Dome Win And Neutron Deals

Rocket Lab Stock Surges Again After Record Q1 Revenue, Golden Dome Win And Neutron Deals

May 11, 2026
Rocket Lab shares rose 11% Monday afternoon to $117.14, following Friday’s 34% surge after reporting record $200.3 million quarterly revenue and a $2.2 billion backlog. The company announced new U.S. defense contracts, including work on the Space-Based Interceptor program with Raytheon and a $30 million hypersonic test launch deal with Anduril. Rocket Lab secured its largest launch contract to date for Neutron and Electron missions.
Samsung’s Free One UI 8.5 Upgrade Hits Galaxy S24 Phones As Global Rollout Widens

Samsung’s Free One UI 8.5 Upgrade Hits Galaxy S24 Phones As Global Rollout Widens

Samsung began rolling out the stable One UI 8.5 update to Galaxy S24 models in South Korea, with firmware S92xNKSU5DZOP exceeding 4GB. The Galaxy S24 FE also received the update, version S721NKSUBDZDP. Other regions, including Europe and North America, are set to follow in the coming days. The update brings new AI tools, design changes, and privacy features.
Commerzbank-UniCredit Takeover Fight Moves to Brussels as German Resistance Draws ECB Fire

Commerzbank-UniCredit Takeover Fight Moves to Brussels as German Resistance Draws ECB Fire

UniCredit CEO Andrea Orcel will meet EU officials in Brussels as the bank pursues a takeover of Commerzbank. Commerzbank has raised its 2026 profit target to at least €3.4 billion, announced €600 million in planned AI investment, and plans about 3,000 more job cuts by 2030. ECB Vice-President Luis de Guindos warned that national resistance to cross-border deals threatens EU financial integration.
Apple’s iPhone 18 Pro Plan Just Got Clearer: Split Launch, Satellite 5G And A Camera Bet

Apple’s iPhone 18 Pro Plan Just Got Clearer: Split Launch, Satellite 5G And A Camera Bet

Apple plans to launch the iPhone 18 Pro and foldable models in September, delaying the standard iPhone 18 to spring 2027, according to MacRumors. The Pro models are expected to use a new A20 Pro chip and feature a variable aperture camera. Tim Cook will step down as CEO on Sept. 1, with John Ternus taking over ahead of the fall launch. WWDC runs June 8-12 at Apple Park.
Apple’s iOS 26.5 Just Changed iPhone-Android Texting — But There’s a Catch

Apple’s iOS 26.5 Just Changed iPhone-Android Texting — But There’s a Catch

Apple released iOS 26.5 on Monday, enabling beta end-to-end encryption for RCS chats between iPhone and Android users. The feature is on by default but depends on carrier and region, with AT&T, T-Mobile, and Verizon supporting it in the U.S. Encrypted chats show a lock icon, but green bubbles remain unchanged. Apple still labels the encryption as beta and not all chats are guaranteed to be protected.
India Rejects Sanctioned Russian LNG, Stranding Tanker as Energy Crunch Deepens

India Rejects Sanctioned Russian LNG, Stranding Tanker as Energy Crunch Deepens

India has rejected a Russian offer to sell liquefied natural gas from projects under U.S. sanctions, leaving the tanker Kunpeng without a clear destination after its planned delivery to Dahej was withdrawn, sources told Reuters. The move comes as India seeks to avoid breaching restrictions while maintaining fuel supplies amid Middle East disruptions and a weakened rupee.
Qualcomm’s AI Wearables Bet Puts Smartphones on the Clock as OpenAI, Meta Circle

Qualcomm’s AI Wearables Bet Puts Smartphones on the Clock as OpenAI, Meta Circle

Qualcomm CEO Cristiano Amon said the company is working with OpenAI, Meta, and other major AI firms on wearable devices that could shift computing away from smartphones. Qualcomm reported $10.6 billion in fiscal Q2 revenue, with handset revenue down 13% and automotive up 38%. Shares rose 6.7% Monday. Amon expects some AI wearables to launch late this year, with broader rollout in 2027–2028.
Singapore Airlines Just Made UK-Asia Flights Easier From Manchester And Gatwick

Singapore Airlines Just Made UK-Asia Flights Easier From Manchester And Gatwick

May 11, 2026
Singapore Airlines will increase Manchester-Singapore flights to daily from July 13 and double London Gatwick-Singapore flights from Oct. 25. The carrier will use Airbus A350-900 aircraft on both routes. The changes expand SIA’s UK presence beyond Heathrow, where it already operates four daily flights. All schedule changes remain subject to regulatory approval.
Australia Stock Market Today: ASX 200 Falls as CSL Plunge Shakes Investors Before Budget

Australia Stock Market Today: ASX 200 Falls as CSL Plunge Shakes Investors Before Budget

CSL plunged 16% to A$100.75 after announcing a US$5 billion impairment, dragging the S&P/ASX 200 down 0.49% to 8,701.8 ahead of the federal budget. Health care and financials fell, while materials and energy offered support. The Reserve Bank of Australia’s recent rate hike to 4.35% added pressure. Metcash, oOh!media, and Ingham’s posted strong gains on company news.
Alstom’s Next Shock May Be a Deeper Overhaul as Cash Pressure Meets New Train Orders

Alstom’s Next Shock May Be a Deeper Overhaul as Cash Pressure Meets New Train Orders

Alstom will report annual results May 13 as CEO Martin Sion faces pressure over persistent delivery delays and cash flow problems, despite record orders of 27.6 billion euros. Shares closed Monday at 17.22 euros, down over 31% this year. The Belfort site is building trains for Velvet, a new SNCF rival. Sion has promised immediate actions and deeper changes to address missed targets.
L3Harris Lands U.S. Air Force ABMS Role, Putting Digital Battlefield Networks in Focus

L3Harris Lands U.S. Air Force ABMS Role, Putting Digital Battlefield Networks in Focus

L3Harris Technologies has been chosen by the U.S. Air Force to develop secure digital infrastructure for the Advanced Battle Management System. The company did not disclose the contract value. L3Harris reported first-quarter orders of $7.8 billion and a backlog of $40.7 billion. The Air Force has begun fielding ABMS-related systems, including operational deployments in Africa.
Vivo X300 Ultra Sale Begins May 14 As India’s Premium Camera-Phone Fight Gets Costly

Vivo X300 Ultra Sale Begins May 14 As India’s Premium Camera-Phone Fight Gets Costly

Vivo will begin sales of its X300 Ultra and X300 FE smartphones in India on May 14, with prices starting at INR 1,59,999 and INR 79,999, respectively. The launch comes as India’s smartphone shipments fell 3–5% in the first quarter, according to Omdia and Counterpoint. Vivo leads the market with a 20% share. The X300 FE undercuts Xiaomi’s 17, which launched in March at INR 89,999.