Today: 26 June 2026

Wesfarmers fertiliser shock: CSBP flags delays as Iran war hits supply lines

Wesfarmers fertiliser shock: CSBP flags delays as Iran war hits supply lines

CSBP warned customers of possible delays to ammonium phosphate and urea shipments as the Iran war disrupts Persian Gulf supply routes. March fertiliser collections will proceed, but April and later contracts cannot be brought forward. Analysts say Strait of Hormuz disruptions are driving up global fertiliser prices. Australia imported 64% of its urea from the Gulf in 2025, with domestic stocks lasting only until mid-April without new imports.
6 March 2026
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Fortescue Ltd Directors Buy Shares After Profit Jump and Dividend Hike

Fortescue Ltd Directors Buy Shares After Profit Jump and Dividend Hike

Fortescue Ltd directors bought about A$114,664 in shares on Feb. 26, a day after reporting a 23% rise in half-year net profit to US$1.914 billion and raising its interim dividend. Lead independent director Larry Marshall purchased 4,930 shares for A$102,687.20. The moves come as China widens restrictions on some BHP cargoes and Fortescue pursues projects in Peru and Gabon not expected to produce until the next decade.
6 March 2026
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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 06.03.2026

LIVEMarkets rolling coverageStarted: March 6, 2026, 12:00 AM ESTUpdated: March 6, 2026, 11:59 PM EST UniFirst (UNF) Shares Surge Amid Valuation Concerns After Strong Momentum March 6, 2026, 11:38 PM EST. UniFirst (UNF) shares surged to $259.17, reflecting a 27.61% gain over 30 days and 43.01% over 90 days, outpacing a modest 5-year total shareholder return of 5.09%. Despite strong recent momentum, analysts estimate a fair value of $197 based on projected 2.7% annual revenue growth over three years, suggesting the stock is overvalued. Investors face a key question: is the current price justified by future growth or already priced
6 March 2026
Visa’s next stablecoin move: Stripe-owned Bridge to expand Visa cards to 100+ countries

Visa’s next stablecoin move: Stripe-owned Bridge to expand Visa cards to 100+ countries

Visa is expanding its partnership with Stripe-owned Bridge to offer stablecoin-linked Visa cards in over 100 countries by year-end, after launching in 18 countries. The cards let users spend stablecoin balances at 175 million merchants, with some transactions settling on blockchain through Lead Bank. Mastercard and SoFi announced a similar stablecoin settlement option. Visa shares fell 0.25% in late trading.
6 March 2026
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Salesforce leadership breaks silence on Benioff ICE-joke backlash as AI fears bite

Salesforce leadership breaks silence on Benioff ICE-joke backlash as AI fears bite

Salesforce President Robin Washington told staff the company is “appropriately adjusting” after CEO Marc Benioff’s jokes about ICE drew internal criticism, according to audio from an all-hands meeting reviewed by Business Insider. Cofounder Parker Harris called Benioff’s remarks “a very bad joke.” Salesforce shares rose 4.3% Thursday, closing at $201.39. The company did not immediately respond to requests for comment.
6 March 2026
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Walmart’s PhonePe IPO: India fintech targets up to $10.5B valuation as Walmart trims stake

Walmart’s PhonePe IPO: India fintech targets up to $10.5B valuation as Walmart trims stake

PhonePe, Walmart’s India payments unit, is seeking a $9–10.5 billion IPO valuation, below its $12 billion private mark last year, sources said. The offer-for-sale aims to raise up to $1.05 billion, with Walmart, Microsoft, and Tiger Global selling stakes. No new shares will be issued. PhonePe reported losses of $158 million on revenue of $470 million for the half-year ended September 30.
6 March 2026
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Silver price today: Why silver, SLV ETF and silver stocks fell before Friday’s jobs report

Silver price today: Why silver, SLV ETF and silver stocks fell before Friday’s jobs report

Silver fell 1.5% to around $82 a troy ounce in New York Thursday, with iShares Silver Trust and major miners also dropping after-hours as the dollar and Treasury yields rose. The dollar index gained 0.5% and 10-year yields hit a three-week high near 4.14%. Silver remains up over 16% for the year. Traders await Friday’s U.S. payrolls report for direction.
6 March 2026
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Intel faces fresh China scrutiny as senators press chipmaker over tool tests

Intel faces fresh China scrutiny as senators press chipmaker over tool tests

U.S. senators questioned Intel over testing chipmaking tools from ACM Research, citing national security risks tied to ACM’s China links. Intel said ACM tools are not used in its production. The inquiry comes as Intel considers offering its advanced 18A manufacturing process to outside customers. Lawmakers highlighted ACM’s business with sanctioned Chinese firms and its subsidiaries’ presence on U.S. sanctions lists.
6 March 2026
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Gold price slides as yields climb and the dollar firms; U.S. jobs report in focus

Gold price slides as yields climb and the dollar firms; U.S. jobs report in focus

Gold fell 1.2% to $5,076.59 an ounce Thursday as rising U.S. Treasury yields and a stronger dollar outweighed safe-haven demand. U.S. crude jumped 8.5% to $81.01 a barrel. The SPDR Gold Shares ETF dropped 1.18%, while the VanEck Gold Miners ETF slid 3.83%. U.S. jobless claims held steady at 213,000, with no sign of imminent Fed rate cuts.
6 March 2026
Palantir stock in focus: Pentagon’s Anthropic ban forces Maven AI rewrite

Palantir stock in focus: Pentagon’s Anthropic ban forces Maven AI rewrite

Palantir must rebuild its Maven Smart Systems software after the Pentagon ordered contractors to cut ties with Anthropic, whose Claude AI model underpins Maven, sources said. The Defense Department labeled Anthropic a “supply chain risk,” forcing removal from sensitive systems. Palantir’s contracts tied to Maven are potentially worth over $1 billion. Shares fell 0.3% to $152.67 on Thursday.
5 March 2026
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Advanced Micro Devices (AMD) Faces Fresh U.S. AI Chip Export Risk as Washington Weighs New Rules

Advanced Micro Devices (AMD) Faces Fresh U.S. AI Chip Export Risk as Washington Weighs New Rules

U.S. officials are drafting new AI chip export rules that could require foreign governments to invest in U.S. data centers or provide security guarantees before buying large volumes, potentially affecting AMD, Nvidia, and Intel. The proposal follows AMD’s $60 billion chip deal with Meta and comes as tech giants plan over $600 billion in AI infrastructure spending this year. The draft is not final.
5 March 2026
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Sandisk to Join Bloomberg 500 Index as SNDK Shares Whipsaw After Market Jitters

Sandisk to Join Bloomberg 500 Index as SNDK Shares Whipsaw After Market Jitters

Sandisk will be added to the Bloomberg 500 index on March 12, Bloomberg Indices said Thursday. The stock ended down 5.6% at $565.55 after sharp swings this week, following its spin-off from Western Digital and focus on AI-driven storage. Western Digital has been selling its Sandisk stake to cut debt. The B500 tracks 500 large U.S. companies with a combined $58.19 trillion market cap.
5 March 2026
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Stock Market Today

  • Essentra Stock Sees Mixed Analyst Target Changes Amid Execution Focus
    June 26, 2026, 5:11 AM EDT. Essentra (LSE:ESNT) faces mixed analyst price target adjustments with Jefferies lowering its target by 10 pence due to cautious modelling, while maintaining the fair value estimate at £1.67. Analysts highlight that this technical cut stems from refreshed assumptions rather than a shift in the core investment thesis. The emphasis is now on execution against the current business plan, which will be critical in supporting the stock's valuation. Deutsche Bank's downgrade adds pressure, signaling investor concern over Essentra's growth and execution risks. Key financial metrics remain stable, with modest changes in revenue growth at 4.33%, net profit margin around 4.78%, and future price-to-earnings ratio near 36.5x. Investors should monitor these developments closely as market sentiment adjusts.

Latest News

Polymarket hack tests ICE-backed platform’s investor trust

Polymarket hack tests ICE-backed platform’s investor trust

26 June 2026
Polymarket will fully refund users after a third-party vendor hack drained nearly $3 million from fewer than 15 accounts, shifting investor focus from smart contract safety to frontend web vulnerabilities just as Intercontinental Exchange eyes a $2 billion investment at an $8 billion valuation.
H&M (STO:HM-B) trims inventory, margins rise; Western Europe weighs on sales

H&M (STO:HM-B) trims inventory, margins rise; Western Europe weighs on sales

26 June 2026
H&M shares fell 0.95% to SEK 166.10 after Q2 net sales dropped 3% in Swedish kronor and missed profit forecasts, with Western Europe sales down 3% in local currencies; CEO Ervér warned tighter stock management hurt demand fulfillment, and Morningstar said H&M’s turnaround “continues to disappoint.”
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