Today: 22 May 2026
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ASX:ORG 7 January 2026 - 27 April 2026

Australia Stock Market Today: ASX 200 Falls For Fifth Day As Oil Shock Hits Banks, Origin

Australia Stock Market Today: ASX 200 Falls For Fifth Day As Oil Shock Hits Banks, Origin

Australia’s S&P/ASX 200 fell 20.1 points, or 0.23%, to 8,766.40 on Monday, marking a fifth straight loss as energy, utilities, and banks declined. Origin Energy dropped 5.25% after weaker LNG revenue, while Atlas Arteria jumped on a takeover offer from IFM. Nine of 11 sectors fell. The Australian dollar traded near 71.61 U.S. cents late in the session.
27 April 2026
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Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

Ontario Teachers’ Pension Plan led a $1 billion funding round for Octopus Energy’s Kraken software unit, valuing it at $8.65 billion. Origin Energy will invest $140 million and keep a 22.7% stake. Octopus will retain 13.7% of Kraken after the planned separation, targeted for mid-2026 pending regulatory approval. Kraken serves over 70 million accounts and reported contracted annual revenue above $500 million.
7 January 2026
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Stock Market Today

  • Kevin Warsh Confirmed as Fed Chair Amid Inflation Concerns
    May 22, 2026, 7:33 AM EDT. Kevin Warsh, appointed by former President Trump, is set to be sworn in as Federal Reserve chair on Friday. Despite expectations that Warsh might lower interest rates, current economic signals point to the opposite. Inflation continues to rise, and the bond market is pricing in a potential rate hike. Investors and analysts brace for tighter monetary policy as the Fed aims to curb inflation pressures.

Latest articles

Meta Cuts 8,000 Jobs as Zuckerberg Pushes AI Ambitions

Meta Cuts 8,000 Jobs as Zuckerberg Pushes AI Ambitions

22 May 2026
Meta Platforms CEO Mark Zuckerberg told staff he does not expect more company-wide layoffs this year after cutting about 8,000 jobs and shifting thousands to AI roles, affecting roughly 10% of the workforce. Meta raised its 2026 capital spending forecast to $125–$145 billion. Some employees questioned the reassurance, noting the wording left room for smaller cuts. U.S. laid-off workers will receive at least 16 weeks’ pay and extended healthcare.
Allstate faces $870 million storm loss as growth outlook wobbles

Allstate faces $870 million storm loss as growth outlook wobbles

22 May 2026
Allstate estimated $870 million in April catastrophe losses, mostly from two wind and hail events, with an after-tax cost of $687 million. Shares fell 3.4% Thursday after the disclosure. The April loss exceeded analyst expectations and last year’s figure, despite recent gains in earnings and policy growth. Allstate will stop monthly policy count disclosures after June, moving to quarterly reporting.
Futures Edge Higher as AI Names Lead Gains Ahead of Holiday

Futures Edge Higher as AI Names Lead Gains Ahead of Holiday

22 May 2026
U.S. stock futures climbed early Friday, with Dow e-minis up 151 points and Nasdaq 100 e-minis rising 148 points as lower Treasury yields boosted tech shares. Oil prices rose, with Brent crude at $104.96 a barrel amid concerns over the Strait of Hormuz. Nvidia projected stronger-than-expected revenue, while Workday surged nearly 12% premarket after beating estimates. Markets remain open Friday, with an early bond close ahead of Memorial Day.
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