Woodside Energy’s $35 Billion Browse LNG Cost Puts Australia Gas Approval in Focus
Woodside’s Browse LNG project is now estimated to cost A$48.7 billion, nearly double its 2019 estimate,
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
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
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
Macquarie Group Stock: One Catch Behind the A$4.85 Billion Profit Beat
Macquarie Group reported a 30% rise in annual net profit to A$4.85 billion, beating consensus forecasts. Shares hit a record A$249.49 before
Westpac Banking Corporation Warning: Borrowers Get More Time, Not Relief, as RBA Hikes Loom
Westpac said customer spending growth slowed in the first quarter despite a surge in fuel costs, with average spend up 0.6% from
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 said its AI systems blocked $10.53 billion in potential crypto fraud and protected 5.4 million users from Q1 2025 to Q1
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
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
Rocket Lab Stock Surges Again After Record Q1 Revenue, Golden Dome Win And Neutron Deals
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
Bitcoin Holds $82,000 Line as Iran Tensions and Crypto Bill Put Rally to the Test
Bitcoin hovered near $82,000 Monday after failing to break above its 200-day moving average, as traders weighed U.S.-Iran tensions and ETF inflows. The Senate Banking Committee will review the CLARITY Act on May 14. Bitcoin ETFs saw over $600 million in net inflows last week. U.S. payrolls rose by 115,000 in April, beating forecasts.
CSL Limited Share Price Plunge: Why a $5 Billion Writedown Hammered the ASX Biotech Giant
CSL Limited shares fell 16% to A$100.75 on Monday after cutting its 2026 outlook and flagging US$5 billion in new impairments. The company cited weaker U.S. immunoglobulin sales, lower albumin prices in China, and slower HEMGENIX growth. CSL is down 41% this year. The S&P/ASX 200 closed 0.5% lower, with healthcare stocks hit hard.
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.
Lufthansa Orders 20 Airbus And Boeing Long-Haul Jets In $7.7 Billion Fleet Push
Lufthansa Group approved a $7.7 billion order for 20 long-haul jets—10 Airbus A350-900s and 10 Boeing 787-9s—with deliveries set for 2032 to 2034. The aircraft will replace older models as part of a fleet renewal. The group has not assigned the jets to specific airlines or hubs. Widebody production slots are in high demand into the 2030s.
Air France-KLM Name Could Disappear as SAS Deal Pushes ‘Blue Group’ Rebrand Talk
Air France-KLM said no decision has been made on a new group name after reports that its planned takeover of SAS could prompt a rebrand. The company aims to raise its stake in SAS to 60.5% pending regulatory approval, with closing expected in late 2026. Air France-KLM shares fell 0.54% to 10.16 euros in Paris on Monday.
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 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 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 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 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 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
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.
UK Stock Market Today: FTSE 100 Rises As Miners Jump, Airtel Africa Hits Record
FTSE 100 closed up 0.36% at 10,269.43, led by a 14.5% surge in Airtel Africa after Bharti Airtel announced a board meeting to consider restructuring. The FTSE 250 slipped 0.18%. Brent crude rose above $103 a barrel as U.S.-Iran tensions persisted. Miners and Compass Group also posted gains.
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 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 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.
United’s First UK Boeing 737 MAX Route Gives Glasgow Its New York Link Back
United Airlines resumed daily nonstop flights between Glasgow and Newark on May 9, restoring direct U.S. service to Glasgow for the first time since 2019. The route uses a Boeing 737 MAX 8 and runs seasonally through October 24. United is Glasgow’s only nonstop U.S. carrier and already operates several routes from Edinburgh. Glasgow Airport is seeking more U.S. links but no year-round service is confirmed.
Plug Power Stock Jumps Before Q1 Earnings as Cash-Burn Test Looms
Plug Power shares rose 11% to $3.47 in late-morning U.S. trading Monday ahead of first-quarter results due after the close. Analysts expect a loss of 9.7 cents per share on $139.9 million in revenue. The rally comes as investors watch margins, cash use, and whether new CEO Jose Luis Crespo can keep the company’s 2026 profitability target. Bloom Energy shares also climbed 11%.
Nvidia Stock Split Watch: NVDA Hits A Record, But The Next Split Still Looks Out Of Reach
Nvidia shares hit a record $222.10 Monday, lifting its market value to about $5.42 trillion and reviving speculation about another stock split. The company has not announced a new split since its 10-for-1 move in June 2024. Investors are now focused on Nvidia’s May 20 earnings call. Nvidia’s 2026 stock gain still trails Intel and AMD, according to Barron’s.
Algorithmiq Raises €18M and Moves HQ to Milan in Europe’s Quantum Software Race
Algorithmiq raised €18 million and moved its global headquarters from Helsinki to Milan, making it Italy’s largest venture capital investment in a quantum startup. The round, led by United Ventures and CDP Venture Capital, brings total funding to €36 million. The company recently won a $2 million Wellcome Leap prize for quantum work with Cleveland Clinic and IBM. Algorithmiq will keep significant operations in Finland.
Emirates’ Giant UAE Flag A380: Why the New Livery Matters Now
Emirates has unveiled a giant UAE flag livery on Airbus A380 A6-EVG as part of its “This Flag Will Always Fly” campaign. The aircraft has already flown to New York and Brisbane amid ongoing recovery from recent Gulf airspace disruptions. The move follows Emirates Group’s record annual profit of 24.4 billion dirhams ($6.6 billion). Emirates plans to extend the flag design to a Boeing 777.
SanDisk and Micron Look Too Expensive? The Near-$50 AI Memory ETF Drawing a Crowd
The Roundhill Memory ETF traded near $54 early Monday, up 2.7%, as investors sought cheaper exposure to AI memory demand. The fund, launched April 2, has gained over 80% and reached $6.25 billion in assets, according to Benzinga. Micron rose 3.3%, while SanDisk slipped 1.5% after reporting a 97% jump in quarterly revenue.
AMD Stock Gets Wall Street Reset as AI Server Demand Rewrites the Chip Race
AMD shares slipped 0.5% to $452.73 Monday after Goldman Sachs and Bernstein upgraded the stock, citing strong first-quarter results and a bullish outlook for AI server demand. Morgan Stanley raised its price target but kept a neutral rating, highlighting ongoing doubts about AMD’s AI chip execution. First-quarter revenue rose 38% to $10.3 billion, with Data Center sales up 57%.
Intel’s Comeback Has a New Catalyst — But the Next Nvidia Talk Is Moving Faster Than the Facts
Intel shares climbed to $128.07 in early U.S. trading Monday after reports that SK Hynix is testing Intel’s advanced chip-packaging technology. The move follows news of a preliminary Apple deal, raising hopes for Intel’s foundry business. Intel reported Q1 revenue of $13.6 billion, up 7% year-on-year. Neither SK Hynix nor Intel confirmed the packaging collaboration.
Hannover Re Stock Drops After 48% Profit Jump as Price Pressure Bites
Hannover Re shares fell 2.25% Monday despite a 48% rise in first-quarter net income to 710.6 million euros, as investors focused on a 6.4% drop in reinsurance revenue and weaker pricing in property-and-casualty renewals. Risk-adjusted prices fell 3.6% in April treaty renewals. The company confirmed its 2026 profit target and reported a Solvency II ratio of 254%. Analyst reactions were mixed.