The world's largest company beat the Street for the 19th time in 20 quarters, printing a Q2 guide of US$91 billion, and announced a 25-fold dividend increase - with China Data Centre revenue excluded from the forward outlook entirely. NVIDIA (NASDAQ: NVDA) reported revenue of $81.6 billion for the three months ended 26 April 2026 - up 85% year-on-year and 20% from the prior quarter - clearing c
United States President Donald Trump said on Wednesday that negotiations with Iran were in their “final stages”, raising hopes of a diplomatic resolution to escalating tensions in the Middle East. However, he also noted that the U.S. remained prepared to launch further attacks on Tehran if Iran failed to agree to a peace deal, though Washington was willing to wait a few days to “get the right a
SpaceX has lifted the veil on plans for potentially the world’s first initial public offering (IPO) valued at more than US$1 trillion (A$1.39 trillion). In a filing with the U.S. Securities and Exchange Commission (SEC) on 20 May, the company founded by billionaire Elon Musk in 2002 confirmed reports it was preparing to list on the Nasdaq exchange under the ticker “SPCX” as early as mid-June.
Australia’s unemployment rate increased to 4.5% in April as both full-time and part-time employment sank, according to the Australian Bureau of Statistics (ABS). Employment fell by 18,600 people to 14,737,400 during the month. Westpac economists had forecast a 15,000 increase in employment and a 4.3% unemployment rate. “Compared to what we usually see in April, more people remained unemploye
For three years, Beijing progressively tightened access to the minerals Western supply chains depend on. In May 2026, it moved to the industrial chemicals needed to process them - a shift that sits within a broadening export control architecture now spanning the full breadth of the critical minerals value chain. While the world spent the last three years tracking China's restrictions on gallium
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Federal Reserve officials grew increasingly concerned last month that inflation pressures stemming from the Iran war could require additional interest rate increases, according to minutes from the central bank’s latest policy meeting. Policymakers ultimately voted to keep the federal funds rate unchanged within a range of 3.5% to 3.75%, though the minutes revealed a growing divide within the co
The United Kingdom created what it called a “historic” trade deal with the Gulf states, marking the first agreement among the Group of Seven (G7) nations. The UK’s Department for Business and Trade said the trade deal could boost its economy by an estimated £3.7 billion (US$4.9 billion) every year and increase wages by £1.9 billion annually in the long run. The deal will remove tariffs on fo
E.l.f. Beauty is set to walk back some of its fuelled price increases, after the retailer saw a slide in demand that ramped up in recent months as consumers contend with higher gas prices. “Whenever you take a price increase that’s that big, you’re going to see unit degradation, but I would say we’ve seen units drop off a bit more in the last few months as consumers have particularly been suffe
Retailer Target beat earnings and revenue estimates last quarter, and has doubled its annual sales growth guidance amid its turnaround efforts. Earnings per share were US$1.71, up from $1.30 one year ago and above LSEG-compiled estimates of $1.46. Net sales rose 6.7% to $25.44 billion, passing estimates of $24.64 billion. “First quarter financial results were stronger than expected, providin
Home improvement retailer Home Depot beat earnings and revenue estimates last quarter, and reaffirmed its outlook despite ongoing housing market pressures. Earnings per share fell 3.7% year-over-year to US$3.43, above LSEG-compiled estimates of $3.41. Revenue was up 4.8% to $41.77 billion, passing estimates of $41.52 billion. “Our first quarter results were in line with our expectations. The
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