BUSINESS

Australia's fuel supply shows improvement with new imports, but experts warn of ongoing risks due to Middle East conflict, impacting prices and availability into 2026.

Apple's WWDC 2026 introduces a privacy-focused Siri AI, enhancing user experience with on-device processing and improved functionality, while maintaining strong privacy protections.

Apple's iPhone 18 Pro Max, launching in September 2026, will feature a larger battery, variable aperture camera, and under-display Face ID, marking a significant upgrade in Apple's flagship lineup.

US stock futures rose after strikes against Iran, despite inflation concerns. Investors weigh geopolitical risks, energy costs, and corporate earnings amid ongoing Middle East tensions.

Elon Musk's endorsement of Grok's candid AI response on X highlights debates on AI censorship and truth-seeking, sparking widespread engagement and discussions on the future of AI interactions.

Tesla shares fell 3.80% amid profit-taking and concerns over EV demand. Despite strong energy storage growth, competition and execution risks remain key challenges for the company.

Commonwealth Bank shares fell 2.28% amid broader financial sector caution, reflecting concerns over economic conditions, interest rates, and housing market trends. Analysts remain optimistic about its long-term prospects.

In 2026, investors face a choice between Alphabet and Microsoft, both leading in AI and cloud computing. Each company offers unique growth drivers and valuation profiles, influencing investment decisions.

The ASX 200 index closed slightly lower, impacted by mining stock declines and offset by gains in defensive sectors, amid mixed global cues and economic uncertainties.

Alphabet shares fell 1.57% amid profit-taking in tech stocks, despite strong AI and cloud growth. Regulatory challenges and market dynamics continue to influence investor sentiment.

Navitas Semiconductor shares fell 5.78% amid market rotation and caution in the tech sector. Despite recent gains, profit-taking and broader economic concerns influenced the decline.

Intel shares dipped slightly amid sector rotation, despite progress in AI and foundry strategies. The company's turnaround hinges on execution, government support, and adapting to semiconductor industry shifts.

Casey's General Stores shares rose over 14% following a strong Q4 earnings report, exceeding expectations and announcing a $1 billion share repurchase program and a 14% dividend increase.

GameStop's shares dipped slightly amid market caution, despite strong earnings and a $2 billion buyback plan. The company is transitioning towards e-commerce and collectibles, facing industry challenges and retail investor interest.

Google's AI chatbot Gemini experienced a global outage, affecting users across various regions. The disruption highlighted the challenges of maintaining reliable AI services at scale.

The VIX, Wall Street's 'fear gauge,' rose 3.68% to 20.60 amid inflation and geopolitical tensions, signalling market unease. Investors are advised to manage risk and consider opportunities in volatility.

Polibeli Group's shares rose over 32% after its Nasdaq debut, driven by investor interest in its digital supply chain solutions and recent leadership changes.