Today: 1 May 2026
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ASX:RIO.AX 10 January 2026 - 5 March 2026

Rio Tinto plc seals A$1.1 billion Pilbara water deal as Dampier desalination expands

Rio Tinto plc seals A$1.1 billion Pilbara water deal as Dampier desalination expands

Rio Tinto and Western Australia will form a 50:50 joint venture to complete a A$1.1 billion seawater desalination plant near Dampier. The expanded facility will supply 8 gigalitres of water annually to Pilbara towns and industry, with Stage 1 set to deliver water later in 2026. The state will invest A$606 million to double capacity and reduce groundwater extraction from key aquifers.
5 March 2026
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Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue shares rose 1.7% to A$22.64, rebounding ahead of its December production report due Thursday. The ASX 200 slipped 0.4%, but materials gained 2.7% on miner strength. Iron ore futures fell after weak China property data, while a fatal blast at a Chinese steel plant raised supply concerns. BHP agreed to lower some iron ore prices in ongoing talks with China Mineral Resources Group.
21 January 2026
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Stock Market Today

  • Reddit Surges on Strong Q1 CY2026 Sales and Earnings Beat
    April 30, 2026, 10:04 PM EDT. Reddit (NYSE:RDDT) posted Q1 CY2026 revenue of $663.4 million, up 69.1% year-on-year, beating analyst estimates by 8.8%. GAAP earnings per share surged 79.1% above expectations to $1.01. The company forecasted Q2 revenue of $720 million, slightly surpassing estimates, and projected EBITDA of $290 million, also above consensus. Operating margin vaulted to 27.6% from 1% a year ago. Daily active users in the U.S. climbed to 126.8 million, a significant increase from the prior year. Reddit's compound annual revenue growth rate over three years stands at 53.5%, highlighting sustained expansion. Market capitalization is $28.43 billion. CEO Steve Huffman emphasized Reddit's unique position driven by engaged communities and authentic conversations.

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Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

1 May 2026
Sandisk shares dropped about 6% in after-hours trading Thursday despite reporting fiscal Q3 revenue of $5.95 billion, up 251% from a year earlier, and net income of $3.62 billion. The company announced a $6 billion buyback and forecast Q4 revenue of up to $8.25 billion. Gross margin rose to 78.4%. Shares had closed at $1,096.51 before slipping to about $1,030.
Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

1 May 2026
Apple reported fiscal Q2 revenue of $111.2 billion and earnings of $2.01 per share, beating analyst estimates. The board approved a $100 billion share buyback and raised the dividend. Shares fell about 1% after hours as iPhone sales missed forecasts and chip supply remained tight. Investors are watching for clarity on AI strategy and the upcoming CEO transition to John Ternus.
Nvidia Stock Falls as Google and Amazon AI Chip Push Tests the AI Trade

Nvidia Stock Falls as Google and Amazon AI Chip Push Tests the AI Trade

30 April 2026
Nvidia shares dropped 4.6% to $199.57 Thursday as investors reacted to Alphabet and Amazon expanding sales of their own AI chips. Alphabet reported Google Cloud revenue up 63% and began selling TPU chips directly to customers. AMD and Broadcom shares rose 5.1% and 3.0%, respectively. Amazon said its Trainium chip line secured $225 billion in revenue commitments.
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