Business 5 March 2026 - 6 March 2026

Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next
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Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next

Wetour Robotics shares closed at $1.07 Friday, up 15.1% for the day and 91% from the prior week, with trading volume surging to 496,048 shares. The company will launch its Orchestra AI wearable in Austin on May 28 and enact a 1-for-10 reverse split on June 2. Nasdaq will be closed May 25 for Memorial Day. Wetour has an active at-the-market share sale program through Chaince Securities.
May 23, 2026
Gap Inc shares slide after tariff warning, Athleta slump clouds 2026 outlook
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Gap Inc shares slide after tariff warning, Athleta slump clouds 2026 outlook

Gap warned U.S. tariffs will cut profit this quarter and issued a 2026 earnings forecast below Wall Street expectations, sending shares down 7% after reporting fourth-quarter results. Net sales rose 2% to $4.2 billion, but gross margin fell 0.8 percentage point to 38.1% due to tariffs. Athleta sales dropped 11%, while Old Navy and Gap brand sales increased. Gap approved a $1 billion share buyback and raised its dividend.
March 6, 2026
Glencore plc Moves to Back $1.4 Billion ERG Stake Bid as Kazzinc Talks Advance
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Glencore plc Moves to Back $1.4 Billion ERG Stake Bid as Kazzinc Talks Advance

Glencore is backing Shakhmurat Mutalip’s $1.4 billion bid for a 40% stake in Eurasian Resources Group, according to the Financial Times. The package includes an $800 million upfront payment linked to future ferrochrome shipments. Mutalip is also in talks to buy Glencore’s 70% stake in Kazzinc for about $3.5 billion. Any ERG deal requires unanimous shareholder and Kazakh government approval.
March 6, 2026
Rolls-Royce CEO pay plan put to shareholders after turnaround, with package topping £18 million
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Rolls-Royce CEO pay plan put to shareholders after turnaround, with package topping £18 million

Rolls-Royce proposed a pay policy that could raise CEO Tufan Erginbilgic’s maximum compensation to £18.5 million in 2026, pending shareholder approval at the April 30 annual meeting. The plan would increase his long-term incentive grant to 750% of salary and annual bonus cap to 300%. If the share price rises 50%, his package could reach £24.4 million. Erginbilgic’s base salary rose 15.6% to £1.58 million in September.
March 6, 2026
Coles Group Ltd Faces Fresh Pricing Scrutiny as Digital Shelf-Label Trial Raises Dynamic Pricing Questions
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Coles Group Ltd Faces Fresh Pricing Scrutiny as Digital Shelf-Label Trial Raises Dynamic Pricing Questions

Coles is under scrutiny after confirming digital shelf labels remain on trial in 11 stores, without ruling out future dynamic pricing. The ACCC says dynamic pricing is legal if shoppers are informed, but new rules from July 1 will ban excessive grocery markups for large supermarkets. Coles recently reported a first-half net profit of A$511 million, down 11.3%. The company is also in Federal Court over alleged misleading discount claims.
March 6, 2026
DroneShield Flags Staff Selling After 1.3 Million New Shares Hit ASX
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DroneShield Flags Staff Selling After 1.3 Million New Shares Hit ASX

DroneShield has issued 1.335 million new shares after staff exercised options, raising its total to 922.2 million ordinary shares. Some employees are expected to sell, with the new shares not subject to lock-up. The move follows last year’s insider selldowns and new board trading rules. The company recently reported 2025 revenue up 276% to A$216.5 million and disclosed six contracts worth A$21.7 million.
March 6, 2026
Ampol Limited Faces Fresh Scrutiny as ACCC Warns on Petrol Pricing, EG Australia Decision Nears
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Ampol Limited Faces Fresh Scrutiny as ACCC Warns on Petrol Pricing, EG Australia Decision Nears

Ampol’s proposed takeover of EG Australia faces continued ACCC scrutiny as fuel prices surge amid Middle East tensions. Brent crude jumped 16.4% for the week, and the ACCC warned it may act if companies mislead consumers. Queensland retailers raised prices sharply, prompting an RACQ referral. The ACCC’s final decision on the merger is due by June 5.
March 6, 2026
CSL Limited Wins Canada Pandemic Vaccine Contract as Buyback Tops 4 Million Shares
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CSL Limited Wins Canada Pandemic Vaccine Contract as Buyback Tops 4 Million Shares

CSL’s Seqirus unit has secured a Canadian government contract to supply up to 15 million pandemic flu vaccine doses from its Tullamarine plant if a pandemic is declared. The deal follows an 81% drop in CSL’s half-year profit and a leadership change. Financial terms were not disclosed. CSL has spent about A$738.8 million on share buybacks since launching its on-market program.
March 6, 2026
BHP Group Ltd Faces Wider China Iron Ore Curbs as Contract Standoff Deepens
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BHP Group Ltd Faces Wider China Iron Ore Curbs as Contract Standoff Deepens

China Mineral Resources Group has expanded restrictions on BHP iron ore cargoes, now including Mac fines, Newman fines, and Newman lumps, amid a contract dispute. Stocks of BHP’s Jimblebar cargoes at Chinese ports hit a record 9.8 million tons by Feb. 26, up 457% since September. Canberra is monitoring the situation as iron ore is Australia’s top export. BHP declined to comment; CMRG did not respond.
March 6, 2026
Why Santos Limited CEO Kevin Gallagher Sold A$5.6 Million in Shares
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Why Santos Limited CEO Kevin Gallagher Sold A$5.6 Million in Shares

Santos CEO Kevin Gallagher sold 830,132 shares for about A$5.6 million on Feb. 27, citing tax obligations and personal financial reorganisation, according to a Friday filing. Gallagher still holds 2.7 million shares indirectly after the sale and a transfer to his family account. The sale follows a 25% profit drop, job cuts, and new production targets for Barossa LNG and Alaska’s Pikka project.
March 6, 2026
Woodside Energy filing shows fresh executive share rights — here’s who got them
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Woodside Energy filing shows fresh executive share rights — here’s who got them

Woodside Energy issued 643,995 unquoted equity rights to executives, including acting CEO Liz Westcott, under incentive plans, according to an ASX filing. The awards, granted without shareholder approval under Listing Rule 7.1, could dilute existing shares by about 0.03% if vested. Westcott has served as acting CEO since December after Meg O’Neill’s resignation.
March 6, 2026
Caterpillar stock slides 3.6% as oil spike shakes industrial bellwethers
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Caterpillar stock slides 3.6% as oil spike shakes industrial bellwethers

Caterpillar shares fell 3.6% to $706.08 on Thursday, hitting a low of $693.81 amid rising oil prices and market volatility tied to Middle East tensions. The Dow dropped as much as 1,100 points, with Caterpillar and Goldman Sachs accounting for about 443 points of the decline. Deere & Co. also fell 3.8%. Caterpillar said it may need over 38,000 new technicians by 2028 as infrastructure demand grows.
March 6, 2026
Costco earnings beat as tariff refunds loom; CEO flags possible price cuts
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Costco earnings beat as tariff refunds loom; CEO flags possible price cuts

Costco reported fiscal second-quarter net sales of $68.24 billion, up 9.1%, and net income of $2.04 billion, beating Wall Street estimates. CEO Ron Vachris said the company could cut prices if it receives refunds from struck-down Trump-era tariffs, but timing remains uncertain. A federal judge has ordered the U.S. government to begin refunding importers, with up to $182 billion at stake.
March 6, 2026
ServiceNow stock jumps after new EmployeeWorks, Autonomous Workforce push into government AI
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ServiceNow stock jumps after new EmployeeWorks, Autonomous Workforce push into government AI

ServiceNow launched EmployeeWorks and an Autonomous Workforce suite for public sector clients, introducing its first Level 1 IT service desk AI specialist in controlled release. Shares climbed 5.8% to $120.38 after the announcement. The new tools target government agencies seeking to automate service desks and HR tasks. Broader rollout of the AI specialist is expected in Q2.
March 6, 2026
Intuit QuickBooks Index flags small-business job losses as U.S. payrolls report nears
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Intuit QuickBooks Index flags small-business job losses as U.S. payrolls report nears

U.S. small businesses cut 45,300 jobs in February and average inflation-adjusted revenue fell 1.03% to $53,580, according to Intuit’s QuickBooks Small Business Index. Leisure and hospitality lost 11,300 jobs. The index draws on data from over 533,000 businesses and is adjusted to reflect broader trends. The government’s official February jobs report is due March 6.
March 6, 2026
Alphabet Stock Today: GOOG Cuts Google Play Fees as Epic Deal Rewrites Android Rules
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Alphabet Stock Today: GOOG Cuts Google Play Fees as Epic Deal Rewrites Android Rules

Google will cut Play Store fees, expand billing options, and ease access for rival app stores under a new policy resolving its global dispute with Epic Games. Developers can use their own billing or direct users to external sites, with new fees starting at 20% for new installs and 10% for subscriptions. The changes roll out by June 30 in the U.S., U.K., and EEA, and globally by September 2027. Alphabet shares fell 0.8% to $300.91.
March 5, 2026
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Stock Market Today

  • Australia Compact Stain Remover Market Report: Prices, Size, Forecast, Brands
    May 23, 2026, 8:36 PM EDT. This strategic study examines Australia's compact stain remover market, focusing on prices, market size, growth prospects, and key brands. The report analyzes market segments, shopper behavior, brand positioning, pricing strategies, promotional impacts, and distribution channels within the Home Care sector. It highlights how different formats, need states, and channels influence demand and margin pools through 2025, with forecasts to 2035. Key insights address how branded and private-label products compete, supply chain effects, and white-space opportunities. Designed for stakeholders such as brand owners, retailers, and investors, it offers a comprehensive overview of market dynamics driving commercial success in this portable cleaning category.