Today: 18 May 2026

Why Pro Medicus (ASX:PME) shares jumped 4.6% today

Why Pro Medicus (ASX:PME) shares jumped 4.6% today

Pro Medicus shares jumped 4.6% to A$121.49 on Thursday, valuing the company at about A$12.1 billion. The stock remains down 53% over the past year despite recent gains. Interim results showed revenue up 28.4% to A$124.8 million, with profit boosted by a large fair value gain on a 4D Medical investment. An on-market buyback is underway through March 2026.
5 March 2026
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Malaysia steps in to calm Lynas fears after US minerals deals — what changes and what doesn’t

Malaysia steps in to calm Lynas fears after US minerals deals — what changes and what doesn’t

Malaysia’s trade ministry said U.S. trade and critical minerals agreements will not change technical conditions imposed on Lynas Malaysia’s rare-earth operations. The ministry confirmed Lynas’ 10-year licence renewal remains subject to waste management rules. Talks between state investor Khazanah and Chinese firms on rare-earth projects are still in early stages. No final deals have been reached.
5 March 2026
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Telstra warns A$7.3 billion spectrum renewal bill could hit mobile prices

Telstra warns A$7.3 billion spectrum renewal bill could hit mobile prices

Telstra has called on the Australian government to lower proposed mobile spectrum renewal fees, arguing the regulator’s A$7.34 billion valuation is about A$4.1 billion above fair value. The company warned higher costs could reduce investment or increase customer prices. ACMA is reviewing feedback after closing consultations in February. Telstra shares fell 0.58% to A$5.18 late Wednesday.
5 March 2026
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South32 CEO maps a sharper base-metals push as Mozal shutdown nears

South32 CEO maps a sharper base-metals push as Mozal shutdown nears

South32 CEO Graham Kerr said about 90% of the company’s production could soon be in base metals and exploration, as it prepares to mothball its Mozal aluminium smelter in Mozambique within weeks. Kerr will hand over to incoming CEO Matthew Daley later this year. The Mozal shutdown affects thousands of jobs and a third of Mozambique’s manufacturing. South32 shares traded ex-dividend on Thursday.
5 March 2026
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PLS Group’s new gender pay gap numbers show a setback after layoffs and an idled plant

PLS Group’s new gender pay gap numbers show a setback after layoffs and an idled plant

PLS Group reported its median gender pay gap in Australia widened to 15.2% in 2024–25 from 11.1% a year earlier, citing workforce changes after corporate job cuts and a plant shutdown. The company said the gap mainly reflected workforce mix, not pay for like roles. WGEA released employer gender pay gap data for 10,500 employers on March 3. PLS shares last traded at A$4.81, up from A$4.74.
5 March 2026
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Santos Beetaloo fracking plan faces hot springs warning as NT weighs approval

Santos Beetaloo fracking plan faces hot springs warning as NT weighs approval

Scientists and Indigenous custodians have called on the Northern Territory to reject Santos’ plan to drill and frack 12 test wells at Tanumbirini Station, citing risks to Hot Springs Valley. CSIRO research on the hot springs is due in late 2026. Santos says risks are low and it will use controls and monitoring, while the regulator reviews its environmental plan. Indigenous rangers warn of threats to waterways, wildlife, and cultural sites.
5 March 2026
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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 05.03.2026

LIVEMarkets rolling coverageStarted: March 5, 2026, 12:00 AM ESTUpdated: March 5, 2026, 11:59 PM EST Cresco Labs Q4 Loss Matches Estimates, Revenue Slightly Beats Expectations March 5, 2026, 11:54 PM EST. Cresco Labs Inc. (CRLBF) reported a fourth-quarter loss of $0.02 per share, aligning with Zacks estimates and representing a 14.16% earnings surprise. Revenues reached $161.55 million, slightly above the forecast by 0.26%, though down from $175.91 million a year ago. The medical-products company's shares have fallen 20.7% this year, underperforming the S&P 500's 0.4% gain. Despite the mixed results, the stock holds a Zacks Rank #4 (Sell), signaling expected
5 March 2026
Salesforce taps Formula 1 for new AI fan agent as investors demand proof on Agentforce

Salesforce taps Formula 1 for new AI fan agent as investors demand proof on Agentforce

Salesforce and Formula 1 launched an AI-powered fan companion on F1.com to answer questions about the sport’s 2026 technical rules. Salesforce shares fell 1.5% to $193.08 in late trading after the announcement. The new tool will expand across Formula 1’s digital platforms and builds on the companies’ partnership since 2022.
5 March 2026
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Exxon Mobil’s first Gulf Coast-to-Australia fuel shipment signals how Hormuz disruption is spreading

Exxon Mobil’s first Gulf Coast-to-Australia fuel shipment signals how Hormuz disruption is spreading

Exxon Mobil is shipping about 600,000 barrels of fuel from the U.S. Gulf Coast to Australia in mid-March, the first such delivery since December 2023, as Strait of Hormuz disruptions squeeze Asian refiners. Australia reported fuel reserves of 32–36 days and urged consumers not to panic. Brent crude rose 4.7% to $81.40 a barrel on Tuesday. Goldman Sachs raised its Q2 Brent forecast by $10 to $76.
5 March 2026
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Coherent unveils 224Gbps chip for AI data center optics as Nvidia-linked demand shifts to 1.6T

Coherent unveils 224Gbps chip for AI data center optics as Nvidia-linked demand shifts to 1.6T

Coherent Corp on Wednesday launched the CHR1074, a 224Gbps quad-channel TIA for 800G and 1.6T optical transceivers, with samples available now and wider release expected next quarter. CEO Jim Anderson said new funding tied to an expanded Nvidia partnership will prioritize capacity, including work at the Sherman, Texas site. Coherent also introduced the WaveMaker 4000A for DWDM testing.
5 March 2026
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Stock Market Today

  • Ripple's Bank Deals Surge but XRP Price Declines
    May 17, 2026, 7:40 PM EDT. Ripple has secured ten major banking partnerships in 2024 with firms like Deutsche Bank and JPMorgan, integrating its network but often bypassing its native token, XRP. Despite this growth, XRP's price has dropped by around 41%, as many deals favor RLUSD, Ripple's dollar-pegged stablecoin, over XRP for settlements. RLUSD offers stability without the volatility of cryptocurrencies, meeting institutional demand for low-risk cross-border payment solutions. Ripple continues its monthly XRP escrow releases, using a portion for liquidity and operations. Consequently, XRP holders see limited price impact from Ripple's expanding network usage and partnerships.

Latest articles

Rigetti Stock Struggles, Demand for Answers Grows

Rigetti Stock Struggles, Demand for Answers Grows

18 May 2026
Rigetti shares fell 7.37% Friday to $17.85, down about 5.8% for the week, amid heavy trading after earnings. The company reported Q1 revenue of $4.4 million and an operating loss of $26 million. Nasdaq Composite lost 1.5% Friday, while other quantum stocks also declined. CEO Subodh Kulkarni is set to speak at a virtual symposium May 21.
Super Micro Shares Slip, Eyes on Monday for SMCI

Super Micro Shares Slip, Eyes on Monday for SMCI

18 May 2026
Super Micro Computer shares closed at $31.04 Friday, down 6% on the day and 12.2% since May 8, as the Nasdaq fell 1.54%. The company reports $10.24 billion in March-quarter sales, missing analyst estimates and down from $12.7 billion the prior quarter, with a 9.9% gross margin and $6.6 billion in operating cash outflow. Management will address investors Monday at a J.P. Morgan conference.
Exxon to Be Watched Monday After Oil Rally and Court Ruling

Exxon to Be Watched Monday After Oil Rally and Court Ruling

18 May 2026
Exxon Mobil closed Friday at $157.92, up 3.4%, after a surge in crude prices lifted energy stocks. Brent crude settled at $109.26 a barrel and WTI at $105.42, both jumping on concerns over shipping near the Strait of Hormuz. A Texas jury found Exxon not liable in a long-running investor lawsuit. Trading resumes Monday; U.S. markets are closed for the weekend.
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