News 19 May 2026 - 20 May 2026

Coinbase Layoffs: 700 Jobs Cut as Brian Armstrong Bets on AI in Crypto Slowdown
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Coinbase Dips Ahead of Holiday; Catalyst Could Hit Soon

Coinbase Global shares fell 4.4% Friday to $184.99, ending the week down 5.3% as the SEC delayed a plan to allow trading of tokenized stocks. The drop came despite Wall Street gains, with crypto-linked stocks lagging as bitcoin and ether prices remained volatile. Coinbase recently reported a $394.1 million quarterly loss and announced 700 job cuts. U.S. markets will be closed Monday for Memorial Day.
May 24, 2026
US Lender Steps In as Carbon Revolution Faces $347 Million in Losses
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US Lender Steps In as Carbon Revolution Faces $347 Million in Losses

LIV Golf is preparing for a possible U.S. bankruptcy filing if it cannot raise new funding, Bloomberg reported. Saudi Arabia’s Public Investment Fund plans to stop financing the league after the 2026 season. LIV is seeking up to $250 million from outside investors before the current season ends in August. The league has not filed for bankruptcy and declined to confirm the report.
May 20, 2026
BYD Car Carrier Heads to Australia as Ford, Mazda Trail
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BYD Car Carrier Heads to Australia as Ford, Mazda Trail

Intel shares rose 2.43% to $110.80 on Tuesday, ending a five-session slide amid analyst price-target hikes and renewed focus on AI server demand. The stock traded between $102.40 and $113.07, outperforming the broader Nasdaq, which fell 0.84%. Analyst targets now range from $130 to $150. Nvidia’s earnings report Wednesday is expected to test sentiment across the AI chip sector.
May 20, 2026
U.S. Drone Ambitions Meet China Rare Earth Leverage
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U.S. Drone Ambitions Meet China Rare Earth Leverage

China said it would address some U.S. concerns over rare-earth export controls but defended its curbs as legal, offering no rollback. The Pentagon’s Drone Dominance program has ordered 30,000 attack drones and plans to buy over 200,000 by 2027, but supply chains remain vulnerable. China controls nearly all rare-earth refining and magnet manufacturing, raising concerns for U.S. defense production.
May 20, 2026
Tesco Shares Fall on UK Price-Cap Concerns
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Tesco Shares Fall on UK Price-Cap Concerns

Tesco shares fell 1.2% to 454p by 0901 BST as UK ministers pressed supermarkets on voluntary price caps and announced new anti-profiteering powers. The FTSE 100 slipped 0.4%. Morgan Stanley began coverage of Tesco with an “overweight” rating earlier in the week. UK inflation eased to 2.8% in April, but food and fuel costs remain under scrutiny.
May 20, 2026
HSBC falls as investors look at Asia strategy and AI plans
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HSBC falls as investors look at Asia strategy and AI plans

HSBC shares fell 0.44% to 1,321.00 pence in early London trading Wednesday as the bank opened a two-day Asia investor seminar in Hong Kong. Executives said $1.4 billion of $1.5 billion in annualised cost savings had been achieved, with AI central to future plans. HSBC maintained targets for 5% revenue growth by 2028 and a 17% return on tangible equity. The bank also launched a $4 billion China transition-finance facility.
May 20, 2026
Unilever dips as break-up faces new hurdle
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Unilever dips as break-up faces new hurdle

Unilever shares fell nearly 1% in early London trading Wednesday, underperforming the FTSE 100. Investors weighed ongoing cost pressures and restructuring moves, including the planned Foods business combination with McCormick. Unilever reported 3.8% underlying sales growth in Q1 but expects full-year cost inflation of up to €900 million. A €1.5 billion share buyback began April 30.
May 20, 2026
Computershare Stock Gains, Traders Look to Rate Moves
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Computershare Stock Gains, Traders Look to Rate Moves

Computershare Ltd closed Tuesday at A$33.12, up 3.2%, as investors returned to the stock following an upgrade to FY26 margin income guidance to about $740 million. The S&P/ASX 200 rose 1.17% the same day, while Wall Street slipped on inflation worries. Computershare expects higher client cash balances and stronger corporate action revenue. The company is also moving into tokenized equity services.
May 20, 2026
TechnologyOne Drops on Record Profit as Investors Look for Bigger Gains
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TechnologyOne Drops on Record Profit as Investors Look for Bigger Gains

TechnologyOne shares closed down 2.9% at A$27.80 Tuesday after reporting record first-half profit and reaffirming FY26 growth guidance. Profit before tax rose 9% to A$89.1 million for the half, with annual recurring revenue up 17% to A$598.0 million. The company lifted its interim dividend to 8.0 cents. Investors sold after results met, but did not exceed, expectations.
May 20, 2026
Elevra Lithium Starts $20 Million Share Plan, Stock in Focus
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Elevra Lithium Starts $20 Million Share Plan, Stock in Focus

Elevra Lithium shares closed at A$11.41 Tuesday, down 1.1%, as the company launched a share purchase plan aiming to raise up to A$20 million. The offer follows a fully underwritten A$275 million institutional placement at A$12.20 per share. Eligible retail investors can apply for up to A$30,000 in new shares. The new funds target expansion at Elevra’s North American Lithium project in Quebec.
May 20, 2026
Suncorp shares gain with $400 million buyback nearly finished
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Suncorp shares gain with $400 million buyback nearly finished

Suncorp closed at A$17.83 Tuesday, up 2.06%, after reporting its on-market buyback had reached about A$398.6 million of a A$400 million cap. The insurer bought back 523,779 shares for A$9.17 million on May 18. QBE and IAG also rose, as insurers led gains on a stronger ASX 200. Suncorp’s buyback, brokered by Barrenjoey, began in September and runs through June 2026.
May 20, 2026
Lynas Rare Earths Stock Just Gave Back Monday’s Pop. The China-Supply Trade Isn’t Over
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Lynas Rare Earths Stock Just Gave Back Monday’s Pop. The China-Supply Trade Isn’t Over

Lynas Rare Earths closed at A$18.12 on Tuesday, down 4.28%, erasing most of Monday’s 5.46% gain. The S&P/ASX 200 rose 1.17%, but materials stocks lagged after Australia ordered six shareholders to divest from Northern Minerals, citing national interest. Lynas traded 4.32 million shares, near Monday’s volume. Northern Minerals shares dropped over 8% following the order.
May 19, 2026
Northern Star Shares Slip While Gold Miners Face Pressure
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Northern Star Shares Slip Again — Why One Gold Stock Is Missing the ASX Bounce

Northern Star Resources closed down 0.7% at A$19.86 Tuesday, about 37% below its 52-week high, as spot gold fell 1.4% on a stronger U.S. dollar and high Treasury yields. The company reported no new announcements, with investors focused on bullion prices and last month’s production update. The S&P/ASX 200 rose 1.17%, while the gold sub-index was unchanged. Evolution Mining edged up 0.17% to A$11.95.
May 19, 2026
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Stock Market Today

  • Nvidia Posts Strong Earnings but Stock Stagnates Amid Investor Caution
    May 24, 2026, 3:27 AM EDT. Nvidia (NASDAQ:NVDA) reported Q1 2027 revenues up 85% to $81.6 billion and earnings per share soaring 140%. Its data center division, crucial for AI operations, grew 92%, split between public cloud and AI specialists. The company forecasted Q2 revenue growth of 94% year-on-year, with new products like Vera Rubin planned for Q3. Despite robust numbers and accelerating sales growth, Nvidia's stock showed little movement, reflecting market hesitation. Investor caution mirrors broader tech stocks, where strong earnings gear against uncertainty over AI's impact. Analysts highlight concerns about Nvidia's heavy investments in customers, raising questions about exact profitability. The market awaits clearer signals before driving stock momentum.