Today: 3 June 2026

Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Telstra share price slips as spectrum fee fight heats up ahead of results

Telstra share price slips as spectrum fee fight heats up ahead of results

Telstra shares closed down 0.2% at A$4.87 after the company urged Canberra to cap spectrum licence renewals at A$3.9 billion, challenging regulator guidance of up to A$7.2 billion. The Australian Communications and Media Authority is consulting on pricing, with submissions due Feb. 27. Telstra reports half-year results Feb. 19. The S&P/ASX 200 ended 2.7 points lower at 8,867.40.
10 February 2026
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CSL shares slide as CEO Paul McKenzie retires, Gordon Naylor named interim ahead of results

CSL shares slide as CEO Paul McKenzie retires, Gordon Naylor named interim ahead of results

CSL said CEO Paul McKenzie will retire, appointing Gordon Naylor as interim chief from Feb. 11. Shares closed down 4.98% after the announcement, which came after market close. Naylor, a former Seqirus and finance head, will lead Wednesday’s half-year results briefing. The leadership change follows weak U.S. flu vaccine demand and delayed plans to spin off Seqirus.
10 February 2026
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NAB share price holds near A$44 as bank earnings loom and rate bets shift

NAB share price holds near A$44 as bank earnings loom and rate bets shift

National Australia Bank shares closed nearly flat at A$43.98 after a volatile session, ahead of its first-quarter trading update next week. NAB will raise variable home loan rates by 0.25% from Feb. 13, following the Reserve Bank’s latest hike. A NAB survey showed business cost pressures at their lowest since 2021. The bank also announced disaster relief for customers hit by Northern Territory flooding.
10 February 2026
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BHP stock rises on ASX as copper spend plan and port reopening sharpen focus ahead of results

BHP stock rises on ASX as copper spend plan and port reopening sharpen focus ahead of results

BHP shares closed up 1.1% at A$50.26, tracking gains in major miners as Rio Tinto rose 1.4% and Fortescue about 1.0%. Investors focused on BHP’s copper projects, including the Vicuña venture with Lundin Mining, which may double investment to $800 million this year. Iron ore held near $100 a tonne as Pilbara ports reopened after cyclone disruptions. BHP reports half-year results Feb. 17.
10 February 2026
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Macquarie stock pops on Q3 update, then cools — what MQG investors are watching next

Macquarie stock pops on Q3 update, then cools — what MQG investors are watching next

Macquarie Group shares closed up 0.8% at A$214.50 after a third-quarter update, having jumped as much as 4% earlier. The bank reported higher net profit contributions across all divisions, with assets under management rising 3% to A$736.1 billion. Investors focused on steady trading and a flagged 31% effective tax rate for 2026. The S&P/ASX 200 finished nearly flat.
10 February 2026
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PLS Group (ASX:PLS) share price lifts after Canmax deal adds US$100m prepayment and a floor price

PLS Group (ASX:PLS) share price lifts after Canmax deal adds US$100m prepayment and a floor price

PLS shares closed up 1.7% at A$4.24 after announcing a new supply deal with Canmax Technologies featuring a price floor and US$100 million prepayment. The contract covers 150,000 tonnes of spodumene concentrate annually for two years from 2026, with options to extend. Traders await confirmation of the prepayment and the Feb. 19 interim results update.
10 February 2026
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Latest articles

BitMine Faces Tough Market Check on $11.6B Ether Play

BitMine Faces Tough Market Check on $11.6B Ether Play

3 June 2026
BitMine shares slid 3.2% to $17.39 as ether dropped 5.5%, with investors reacting to the company’s $11.6 billion crypto-heavy balance sheet, new SEC disclosures, and its transformation into a public Ethereum treasury, raising risks that further ether declines could hit stock value ahead of Russell 3000 index changes.
AMD Stock Holds Up As AI Rack Sales Draw Bulls

AMD Stock Holds Up As AI Rack Sales Draw Bulls

3 June 2026
AMD shares jumped 1.4% to $528.87 after Supermicro unveiled its new Helios rack system featuring AMD Instinct GPUs, spotlighting AMD’s push into AI data-center hardware even as Nvidia fell 2.3% and semiconductor ETFs declined; investors weighed proof of AMD’s AI momentum against risks of crowded trades and fierce competition.
Palantir’s $374 Billion Question Edges Back Into Focus

Palantir’s $374 Billion Question Edges Back Into Focus

3 June 2026
Palantir shares dropped about 4% as new bull and bear calls intensified debate over whether rapid revenue growth and U.S. defense demand can justify its $374 billion valuation, with bears warning the stock could fall over 50% if lofty growth and AI premium expectations aren’t met, while political scrutiny and shareholder proposals add further risk.
Social Security cuts could drop retiree checks by $500 a month by 2032

Social Security cuts could drop retiree checks by $500 a month by 2032

3 June 2026
U.S. retirees face an average $500 monthly Social Security cut starting in 2032 if Congress fails to act, as the main trust fund nears depletion, impacting over 70 million beneficiaries and creating a potential national income shock, according to the Committee for a Responsible Federal Budget.
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