Today: 18 May 2026

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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Okta stock whipsaws after AI-agent lift and earnings beat — then guidance points to slower growth

Okta stock whipsaws after AI-agent lift and earnings beat — then guidance points to slower growth

Okta shares fell about 1% in after-hours trading Wednesday after the company projected roughly 9% revenue growth for fiscal 2027. Fourth-quarter revenue rose 11% to $761 million, with adjusted profit at 90 cents per share. Okta is rolling out new security controls for AI agents. Remaining performance obligations climbed 15% to $4.83 billion.
5 March 2026
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Coinbase stock jumps as Bitcoin tops $73,000 after Trump jabs banks over crypto rules

Coinbase stock jumps as Bitcoin tops $73,000 after Trump jabs banks over crypto rules

Coinbase shares jumped about 16% as bitcoin surged over 8% to nearly $73,800 Wednesday. Trump called for action on U.S. crypto legislation, escalating debate over stablecoin rewards. Kraken’s bank secured a Federal Reserve payments account, the first for a U.S. digital-asset bank. Broader U.S. stocks also rose after Iran signaled openness to talks.
5 March 2026
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Stock Market Today

  • Spotify (SPOT) Share Price Slide Sparks Valuation Debate
    May 18, 2026, 6:43 AM EDT. Spotify Technology's stock has slumped 34.3% over the past year, raising questions about its current valuation. Despite this, Simply Wall St's Discounted Cash Flow (DCF) analysis values the shares at $723.19, approximately 39.6% above the recent closing price of $436.94, indicating the stock may be undervalued. Spotify's ongoing efforts to expand its audio streaming platform underpin the financial projections stretching to 2035. Investors weigh these fundamentals amid fluctuating returns, with the stock gaining 4.2% last week but down 18.6% over the past month. The mixed signals focus attention on Spotify's future cash flow potential and market positioning in a competitive sector.

Latest articles

Sunshine Biopharma Up Premarket After Steep Fall; Traders Track $6M Filing

Sunshine Biopharma Up Premarket After Steep Fall; Traders Track $6M Filing

18 May 2026
Sunshine Biopharma shares jumped about 147% to $0.70 in premarket trading Monday after a steep drop Friday, following news of a $6 million share-and-warrant registration and a quarterly net loss of $1.24 million. The company reported first-quarter sales fell 9.1% to $8.1 million, citing the end of distribution deals in 2025.
Compass Pathways Rallies Pre-Market on FDA Trade Speculation

Compass Pathways Rallies Pre-Market on FDA Trade Speculation

18 May 2026
Compass Pathways shares jumped 19.5% to $12.39 in U.S. premarket trading Monday after the company announced a faster FDA review path for its COMP360 psilocybin treatment. Management will address investors Tuesday at the RBC Capital Markets conference. Compass ended March with $466 million in cash and reported a first-quarter operating loss of $42.9 million.
Dow Futures Slip on Oil Jolt With Nvidia Earnings Ahead

Dow Futures Slip on Oil Jolt With Nvidia Earnings Ahead

18 May 2026
Dow futures dropped 300 points early Monday, with S&P 500 and Nasdaq 100 futures also lower as oil stayed above $100 a barrel after Gulf drone attacks. Brent crude touched $112, its highest since May 5, while U.S. Treasury yields hit 15-month highs. Nvidia’s earnings Wednesday and Walmart’s Thursday report are in focus this week.
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