BUSINESS

SYDNEY — Australia's annual inflation rate cooled to 4.3% in the 12 months to May 2026, down from 4.6% in March, offering the first clear sign that the recent surge driven by global energy shocks may be peaking.

NEW YORK — Advanced Micro Devices Inc. (NASDAQ: AMD) shares pulled back sharply Tuesday, dropping more than 5% to around $434 as investors took profits after a strong run driven by artificial intelligence demand.

SALT LAKE CITY — Shares of PACS Group Inc. (NYSE: PACS) skyrocketed more than 18% in morning trading Tuesday, climbing to $37.92 after the post-acute healthcare provider reported first-quarter 2026 results that handily beat Wall Street expectations and raised its full-year outlook.

GRAPEVINE, Texas — GameStop Corp. shares fell 0.52% to $23.05 in morning trading Tuesday as Wall Street digested the video game retailer's audacious $56 billion unsolicited bid to acquire eBay, which the online marketplace swiftly rejected as "neither credible nor attractive."

NEW YORK — The Dow Jones Industrial Average tumbled 325.36 points, or 0.65%, to close at 49,379.11 on Tuesday, surrendering early gains as escalating uncertainty over the U.S.-Iran conflict and rising oil prices dampened investor sentiment. The blue-chip index erased much of Monday's modest advance, reflecting broader caution across Wall Street even as technology shares provided some support.

NEW YORK — As Bitcoin trades near $81,000 and Ethereum hovers around $2,330 in mid-May 2026, investors face a familiar dilemma: which digital asset deserves capital in what many analysts call a pivotal year for crypto adoption. With spot ETFs driving institutional inflows, clearer U.S. regulation on the horizon and macroeconomic uncertainty lingering, both flagship cryptocurrencies present compelling but distinct cases.

AUSTIN, Texas — Tesla Inc. shares climbed sharply Monday, closing at $445.00, up $16.65 or 3.89%, as investors bet on the electric vehicle maker's accelerating shift toward artificial intelligence, robotics and autonomy despite ongoing challenges in traditional auto sales.

SYDNEY — The S&P/ASX 200 index edged lower on Tuesday, closing at 8,684.4 after shedding 17.4 points, or 0.20%, as healthcare stocks dragged on the broader market while resource names provided some support amid steady commodity prices.

NEW YORK — Navitas Semiconductor (NASDAQ: NVTS) has delivered one of the most explosive rallies of 2026, surging more than 400% year-to-date on the back of its strategic pivot toward high-power gallium nitride (GaN) and silicon carbide (SiC) solutions for artificial intelligence data centers. The question now facing investors is whether the momentum justifies buying at current elevated levels or if it's time to take profits after such a meteoric rise.

NEW YORK — ServiceNow Inc. (NYSE: NOW) shares rose modestly Monday morning to $91.85, up 0.71%, as investors digested the company's major AI announcements from last week's Knowledge 2026 conference and steady execution in the enterprise software market.

NEW YORK — Shares of Liquidia Corporation (NASDAQ: LQDA) surged more than 25% in morning trading Monday to $48.54 as investors cheered the biopharmaceutical company's transformative first-quarter 2026 results, driven by the blockbuster commercial launch of its pulmonary hypertension drug YUTREPIA.

NEW YORK — Vicor Corporation shares skyrocketed nearly 19% in morning trading Monday to $304.17, as investors poured into the high-performance power module specialist amid surging demand for advanced power solutions in artificial intelligence data centers and strong first-quarter results that beat expectations.

NEW YORK — Shares of Babcock & Wilcox Enterprises Inc. (NYSE: BW) surged more than 23% in morning trading Monday to $17.95, extending a remarkable rally as investors rewarded the industrial company's growing role in powering artificial intelligence data centers and its strong first-quarter performance.

NEW YORK — Shares of Innodata Inc. (NASDAQ: INOD) exploded higher Monday, rising more than 25% in morning trading to $106.72 as investors continued to pile into the AI data engineering and generative AI services company following its blockbuster first-quarter results and sharply raised 2026 outlook.

NEW YORK — Navitas Semiconductor Corporation (NASDAQ: NVTS) shares skyrocketed more than 25% in morning trading Monday, reaching $22.79 as investors poured into the gallium nitride and silicon carbide power chip specialist amid booming demand for high-efficiency solutions in artificial intelligence data centers.

NEW YORK — The Dow Jones Industrial Average climbed to a new all-time high Monday, closing at 49,712.68 and gaining 103.52 points, or 0.21%, as investors welcomed signs of cooling inflation and steady corporate earnings amid a resilient U.S. economy.

NEW YORK — SanDisk Corporation (NASDAQ: SNDK), the pure-play NAND flash and solid-state storage company that spun off from Western Digital in early 2025, has delivered one of the most extraordinary rallies of 2026, surging roughly 492% year-to-date and pushing its market capitalization above $200 billion.

SYDNEY — The S&P/ASX 200 index traded lower on Monday, May 11, 2026, but several standout performers bucked the broader trend, led by Metcash Ltd and Dyno Nobel Ltd following impressive trading updates and first-half results that highlighted resilience in key sectors.

SYDNEY — The S&P/ASX 200 index fell sharply Monday as biotech heavyweight CSL Ltd. delivered a stinging profit warning that wiped billions from market value, compounding investor unease over renewed U.S.-Iran tensions and rising oil prices ahead of Tuesday's federal budget.

NEW YORK — Procter & Gamble Co. (NYSE: PG) remains a cornerstone holding for income-focused investors in 2026, offering consistent dividend growth and defensive qualities in an uncertain economy, but slower organic sales growth and elevated valuations are prompting some analysts to recommend trimming positions or waiting for a better entry point.

NEW YORK — As the global package delivery market continues its rapid expansion in 2026, investors are weighing UPS against FedEx to determine which logistics giant offers the stronger long-term opportunity. Both companies have posted solid year-to-date gains, but differing business models, cost structures and growth strategies are creating a clear divergence that could shape portfolio decisions for the remainder of the year and into 2027.

Queensland recorded 35,000 net interstate migrants in 2025. A measurable share, including a disproportionate cohort of high-net-worth buyers, settled on the Gold Coast. The data behind Australia's quiet wealth migration.

NEW YORK — As the retail sector navigates shifting consumer habits, rising e-commerce competition and persistent economic uncertainty in 2026, investors are closely comparing Walmart Inc. and Costco Wholesale Corp. to determine which stock offers the stronger long-term opportunity.

NEW YORK — Rocket Lab USA Inc. (NASDAQ: RKLB) shares surged 34.32% on Thursday to close at $105.54, marking one of the largest single-day gains in the company's history as investors cheered a successful static fire test of its medium-lift Neutron rocket and the announcement of multiple new multi-year defense contracts worth hundreds of millions of dollars.

SYDNEY — The S&P/ASX 200 has shown resilience in the first nine trading days of May 2026, climbing roughly 2.8% despite global volatility, with a handful of standout performers driving much of the gains. As artificial intelligence infrastructure demand, lithium market recovery and technology innovation continue to shape investor sentiment, five companies have emerged as the clear leaders in percentage terms on the benchmark index so far this month.

SYDNEY — Australia's real estate market in 2026 is displaying a stark "two-speed" dynamic, with booming price growth in Perth, Brisbane and Adelaide contrasting sharply with slower or declining values in Sydney and Melbourne, even as national dwelling prices continue to rise modestly amid persistent supply shortages and population-driven demand.

NEW YORK — Palantir Technologies Inc. (NYSE: PLTR) stands out as one of the strongest buy recommendations in the artificial intelligence sector in 2026, with Wall Street analysts maintaining a solid "Moderate Buy" to "Strong Buy" consensus as the company's AI-powered data analytics platforms gain rapid traction in both government and commercial markets.

NEW YORK — As artificial intelligence continues to reshape industries and drive record capital spending in 2026, investors are looking for the strongest ways to participate in what many analysts call the defining technological megatrend of the decade.

Queensland gained 35,000 net interstate migrants in 2025, the largest of any state. Inside the moving industry, the rules have already shifted. R2G's Caio Russo Campos explains.