Today: 26 June 2026

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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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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Stock Market Today

  • Jeremy Grantham Warns of Potential 70% Drop in U.S. Stocks Amid AI Bubble
    June 26, 2026, 9:28 AM EDT. Investor Jeremy Grantham cautioned that the ongoing surge in U.S. equities, driven by enthusiasm around artificial intelligence (AI), may represent the "biggest market bubble." Grantham warned of a potential crash with a downside of up to 70%, urging investors to consider exiting U.S. stocks to avoid significant losses. His comments highlight growing concerns about overvaluation in AI-related sectors and the broader U.S. market.

Latest News

BlackBerry (NYSE:BB) jumps after QNX outlook nudge, eyes on cash flow

BlackBerry (NYSE:BB) stock watches QNX beat with AI premium in play after $1B re-rate

26 June 2026
BlackBerry surged to a $6.06 billion market cap after QNX revenue jumped 26% and fiscal 2027 revenue guidance rose by $10 million, but premarket shares slipped 2.8% after the rally; analysts lifted targets, citing faster operating leverage and rising QNX growth, while the company’s first cash-positive Q1 in nine years and a $1 billion QNX royalty backlog highlight investor focus on embedded-AI potential.
ON Semiconductor drop hits Synaptics deal ahead of Nasdaq bell

ON Semiconductor drop hits Synaptics deal ahead of Nasdaq bell

26 June 2026
ON Semiconductor plunged 14.2% to $101.85 premarket after announcing an all-stock deal to buy Synaptics, wiping out about $6.6 billion in equity value—nearly matching the $7 billion enterprise value of the deal—while Synaptics jumped 4.5% as the fixed exchange ratio sharply reduced the offer’s spot value amid sector-wide weakness.
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