Australia Breaking News

Adavale Resources Limited (ASX: ADD) has reported gold intercepts from the first six holes of its ongoing infill drilling campaign at the London-Victoria Gold Mine in New South Wales.

Stockland Corporation Ltd (ASX: SGP) has reported a steady 3Q26 operational performance, underpinned by strong residential and logistics activity, while reiterating its full‑year earnings and distribution guidance.

Stellar Resources Limited (ASX: SRZ) has entered into a $17 million strategic placement agreement with Australia’s largest tin producer, Metals X Limited (ASX: MLX).

Ausgold Limited (ASX: AUC) has reached an agreement in principle with the Shire of Katanning for an 8-hectare lease to develop a 250-bed workforce accommodation facility, located 40km from the Katanning Gold Project site.

Treasurer Jim Chalmers has indicated that any upcoming reforms to negative gearing and capital gains tax (CGT) will likely include safeguards for existing asset holders.

Perpetual Resources Ltd (ASX: PEC) has commenced a systematic trenching program at its Igrejinha Lithium and Caesium Project in Minas Gerais, Brazil's "Lithium Valley".

Woolworths Group has reported a 4.5% increase in third-quarter sales to $18.1 billion, but the retail giant simultaneously warned of a potential hit to its profit margins.

ASX Limited has appointed Group Executive Markets and Listings Darren Yip as Interim Chief Executive Officer, effective May 29, 2026.

The Federal Reserve is currently facing its most significant internal upheaval in over three decades.

In a historic 8-4 vote, the central bank opted to maintain interest rates, marking the most fractured decision since 1992.

In a strategic bid to fortify national fuel reserves, Foreign Minister Penny Wong recently secured a diplomatic breakthrough during high-level Beijing talks - after the escalating Middle East conflict paralysed the Strait of Hormuz, plunging Australia into a precarious energy crisis.

Daniel Flax, Neuberger senior research analyst, discusses what the latest round of tech earnings could portend for AI companies like Apple, Broadcom and Nvidia on "Bloomberg The Close."

Meta Platforms Inc. shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it's making to build artificial intelligence models won't pay off. The social-media giant projected full-year capital expenditures between $125 billion and $145 billion, far exceeding analysts' estimates and marking a roughly 7.4% increase from what the company had previously projected. The company is dealing with "higher component pricing" and additional data center costs, Chief Financial Officer Susan Li said in a statement. Bloomberg's Kurt Wagner joins to discuss.