Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Hollywood workers rally against Paramount-Skydance deal

Published

on

Hollywood workers rally against Paramount-Skydance deal
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Savannah Guthrie Shares Emotional Plea for Missing Mother Nancy on Instagram

Published

on

Hartsfield-Jackson Atlanta Airport

NEW YORK — Savannah Guthrie, co-anchor of NBC’s “Today” show, posted a deeply personal message on Instagram Stories over the weekend, expressing ongoing anguish over the disappearance of her 84-year-old mother, Nancy Guthrie, who has been missing since February 1.

Nancy Guthrie
Nancy Guthrie

The post featured a religious artwork accompanied by the caption “Oh my, my soul / it cries out, soul, it cries out.” Guthrie signed off with the plea “Bring her home” followed by a yellow heart emoji. The message reflects the profound emotional toll the unresolved case continues to take on the family more than four months after Nancy Guthrie vanished from her home in the Catalina Foothills area near Tucson, Arizona.

Nancy Guthrie was last seen on January 31. Blood evidence matching her DNA was discovered on the porch of her residence, along with signs of a possible struggle. Authorities, including the Pima County Sheriff’s Office and the FBI, are investigating the case as a suspected abduction and homicide, though no arrests have been made and her body has not been recovered.

In May, Pima County Sheriff Chris Nanos provided an update on the investigation’s progress. “I think every day they get closer,” he said of his department’s work. “There’s way too much work to be done, that is ongoing, with some of the physical evidence we have.”

Savannah Guthrie has remained relatively private about the family’s pain while occasionally sharing public appeals for information. In a statement for the KVOA News 4 TV special “Bring Her Home: The Disappearance of Nancy Guthrie,” she expressed gratitude for community support. “We are deeply grateful for the outpouring from neighbors, friends and the people of Tucson. We are all family now. We continue to believe it is Tucsonans, and the greater southern Arizona community, that hold the key to finding resolution in this case.”

Advertisement

The Instagram post marks one of the more visible emotional expressions from Savannah Guthrie since her mother’s disappearance. Colleagues at NBC have offered support, with “Today” show anchors occasionally referencing the family’s ordeal during broadcasts while respecting their desire for privacy during the investigation.

The case has drawn national attention due to Savannah Guthrie’s high-profile role. A $1 million reward remains active for information leading to Nancy Guthrie’s safe return or the arrest and conviction of those responsible. Tips continue to come in, though authorities have cautioned that many require verification amid widespread public interest and online speculation.

Nancy Guthrie was described by family as independent and vibrant despite her age. Her sudden vanishing from what should have been the safety of her own home has shaken the upscale Catalina Foothills community and highlighted vulnerabilities for elderly residents. Multiple searches of the surrounding desert terrain have been conducted, but challenging conditions in the Arizona desert have complicated efforts.

Expert Tad DiBiase, a prosecutor specializing in no-body homicide cases, has publicly commented on the investigation. He noted the importance of thorough searches to both potentially locate remains and strengthen any future prosecution by ruling out alternative scenarios. Water sources and wooded or desert areas have been highlighted as statistically common disposal sites in similar cases, though authorities have not confirmed specific new search plans.

Advertisement

Pima County Sheriff’s officials continue to describe the investigation as active and complex. Laboratory backlogs for DNA and other forensic evidence have contributed to delays, but digital forensics, neighbor interviews and analysis of potential vehicle activity remain key components. A person captured on doorbell camera footage near the time of the disappearance was questioned early in the probe, but no public persons of interest have been named.

The emotional weight on the Guthrie family is evident. Savannah Guthrie has balanced her high-visibility role on “Today” with supporting her family through the uncertainty. Her occasional public messages serve both as pleas for information and expressions of hope that her mother might still be found alive.

Community response has been strong, with locals participating in early searches and vigils. The case has also sparked broader conversations about safety for seniors and the challenges of missing persons investigations when foul play is suspected but no body is recovered.

As weeks turn into months, the prolonged uncertainty compounds the family’s grief. Savannah Guthrie’s Instagram post, though brief, resonated widely, with followers offering messages of support and sharing the post in hopes of generating new leads.

Advertisement

Investigators urge anyone with information, no matter how small, to contact the Pima County Sheriff’s Office or the FBI. Tips can be submitted anonymously in many cases, and the reward provides additional incentive for those with knowledge of the events surrounding February 1.

The high-profile nature of the disappearance has led to extensive media coverage and online discussion. While this has helped raise awareness, authorities caution against unverified theories that could complicate the official investigation. Professional forensic work and verified tips remain the priority.

For the Guthrie family, each day without answers brings new emotional challenges. Savannah Guthrie’s public role adds another layer, as she continues professional duties while privately navigating the pain of her mother’s absence. Her willingness to share glimpses of that pain, as in the recent Instagram post, humanizes the broader statistics of missing persons cases.

Nancy Guthrie’s disappearance serves as a sobering reminder of the vulnerabilities faced by elderly individuals living alone. It has prompted some residents in the Tucson area to review home security measures and neighborhood watch programs.

Advertisement

As the investigation advances, focus remains on processing evidence, pursuing leads and conducting targeted searches. The family’s continued public appeals demonstrate both hope and determination to find resolution.

Savannah Guthrie’s message, though simple, carries profound weight. “Bring her home” remains the central plea for the Guthrie family and the wider community invested in Nancy’s safe return. The yellow heart emoji, often symbolizing hope and positivity, adds a touch of optimism amid the heartbreak.

The coming weeks and months will be critical as forensic analysis continues and new tips are evaluated. For now, the Guthrie family, supported by friends, colleagues and the Tucson community, holds onto hope while facing the daily reality of uncertainty.

Nancy Guthrie’s story, amplified through her daughter’s platform, highlights both the personal toll of such disappearances and the collective responsibility to assist in bringing missing loved ones home.

Advertisement
Continue Reading

Business

ANZ Group Shares Fall 1% as Australian Banks Encounter Sector-Wide Caution

Published

on

ANZ Group Shares Fall 1% as Australian Banks Encounter Sector-Wide

SYDNEY — ANZ Group Holdings Ltd. shares declined on Friday, closing at A$34.12 after dropping 0.36 or 1.04%, as broader caution weighed on Australia’s major banks amid mixed domestic economic signals and global market volatility.

The move aligned with softness across the financial sector, with the big four lenders posting modest losses. ANZ, one of Australia’s largest banks with significant operations in both Australia and New Zealand, has shown resilience in 2026 but remains sensitive to interest rate expectations and lending conditions.

Trading volume was healthy as the stock moved in line with peers. The S&P/ASX 200 index also closed lower, reflecting similar pressures. Analysts described the session as typical late-week positioning rather than a fundamental shift in the bank’s outlook.

ANZ has delivered steady performance through the first half of 2026. The group reported solid cash earnings supported by resilient net interest margins and careful cost management. Business and institutional banking segments contributed positively, while the bank continued investing in digital capabilities to enhance customer experience and operational efficiency.

Advertisement

The current environment features the Reserve Bank of Australia navigating persistent inflation concerns while balancing growth objectives. This has tempered expectations for near-term rate cuts, influencing investor sentiment toward financial stocks. Household spending remains resilient but shows signs of moderation, affecting credit demand forecasts.

ANZ’s diversified operations across retail, commercial, institutional and wealth management provide buffers against sector-specific headwinds. The bank’s New Zealand subsidiary adds geographic diversification while introducing exposure to cross-border economic dynamics. Recent updates highlighted strong capital levels well above regulatory requirements, supporting both lending growth and shareholder returns.

For income-focused investors, ANZ offers an attractive dividend yield backed by consistent payouts and a robust capital position. The bank has maintained a disciplined approach to capital allocation, balancing reinvestment needs with returns to shareholders.

Valuation metrics suggest ANZ trades at reasonable levels relative to historical averages and international peers when factoring in its defensive characteristics and reliable income stream. However, sensitivity to domestic economic indicators and global financial market movements can drive short-term volatility.

Advertisement

Broader Australian banking sector context shows comparable dynamics across the major players. Higher-for-longer interest rates have supported profitability, but competitive dynamics and regulatory requirements continue to shape the operating environment. Analysts generally maintain constructive views on the sector, citing strong balance sheets and potential benefits from economic stabilization.

Looking ahead, ANZ’s upcoming trading updates and full-year results will provide further insight into loan growth, asset quality and margin trends. The bank’s strategic focus on digital transformation, sustainability and customer-centric initiatives is expected to support performance as customer preferences evolve.

Global factors, including U.S. monetary policy signals and commodity price movements, also influence Australian financial markets indirectly. ANZ’s dual presence in Australia and New Zealand adds both diversification benefits and additional risk considerations.

Analysts project continued earnings stability for ANZ, supported by prudent risk management and a robust domestic franchise. While near-term headwinds from economic uncertainty exist, the bank’s market position and operational strength provide a solid foundation for navigating cycles.

Advertisement

For investors evaluating positions, ANZ represents a blend of income reliability and moderate growth potential typical of major Australian banks. Longer-term investors may view current levels as attractive for accumulation, particularly given the dividend yield. Shorter-term participants might monitor upcoming economic data and central bank communications before adjusting exposure.

The current share price movement fits within normal daily fluctuations for a stock of ANZ’s size. It does not necessarily signal a change in the bank’s fundamental trajectory but reflects broader market sentiment and sector rotation.

As one of Australia’s systemically important financial institutions, ANZ plays a vital role in the economy through lending, employment and community engagement. Its performance influences broader confidence in the financial system and reflects the health of household and business finances nationwide.

Friday’s trading served as a reminder of the sector’s sensitivity to sentiment shifts. Despite the decline, ANZ maintains strong fundamentals including capital buffers and customer franchises that have supported it through various economic conditions.

Advertisement

Market participants will assess next week’s economic calendar, including any further inflation or employment data that could shape expectations for monetary policy. The balance between growth support and inflation control remains central to banking sector prospects.

ANZ continues investing in technology and innovation to meet evolving customer needs while upholding rigorous risk standards. Its commitment to sustainability and community initiatives aligns with stakeholder expectations and regulatory priorities in a changing financial landscape.

Investors considering ANZ should weigh individual risk tolerance, portfolio allocation and time horizon. The bank offers stability and income characteristics that complement growth-oriented holdings in diversified portfolios. Prudent position sizing and ongoing monitoring of key metrics such as loan growth, margins and asset quality remain advisable.

Overall, ANZ retains a position of strength in the Australian and New Zealand financial services industry. Its diversified business model, strong capital position and customer focus position it favorably to navigate current challenges while capitalizing on longer-term opportunities in a digital and sustainable economy.

Advertisement
Continue Reading

Business

Tata Steel shares dip over 2% as UK project may face 6-8 month delay amid electricity access issues

Published

on

Tata Steel shares dip over 2% as UK project may face 6-8 month delay amid electricity access issues
Shares of Tata Steel fell 2% to Rs 202 on the BSE on Monday amid reports that it may have to push back the commissioning timeline of its 1.25-billion-pound low-carbon steel project in the UK by six to eight months due to delays in obtaining access to the required electricity infrastructure.

The company is building a 3.2 million-tonne electric arc furnace (EAF) at Port Talbot as part of its decarbonisation strategy. The project, which involves an investment of 1.25 billion pounds, is intended to replace the site’s blast furnace operations of similar capacity that have now been shut down.

Before the latest setback, Tata Steel had been targeting the start of operations by late 2027 or early 2028. However, delays linked to the power connection process have created uncertainty around that timeline, a news report by PTI stated.

Koushik Chatterjee, Executive Director and Chief Financial Officer of Tata Steel, said the company has been working with the Electricity System Operator (ESO) and National Grid on the new electrical infrastructure. However, National Grid has formally informed Tata Steel that its connectivity project is running behind schedule.

Advertisement

According to Chatterjee, National Grid has flagged potential delays compared with the originally planned date for the high-voltage power connection. He said Tata Steel is engaging with all stakeholders, including the UK government, to minimise the impact and establish revised timelines, the report added.


The company said major demolition work at the Port Talbot site has already been completed, while fabrication and delivery of equipment continue to progress. Access to higher-capacity electricity remains a critical requirement for the transition to electric arc furnace-based steelmaking.
The project has secured 500 million pounds of support from the UK government and is expected to cut site-level carbon dioxide emissions by 90%, equivalent to around 5 million tonnes annually. Separately, the Port Talbot project site witnessed a fire incident on June 3. Tata Steel UK said on Thursday that all personnel were safely evacuated and accounted for, with no injuries reported. Chatterjee said Tata Steel is continuing discussions with National Grid and the UK government to address the issue and explore ways to reduce the delay.

“We are working with the UK government, the National Grid and ESO, which is the electricity supplier, to see if we can mitigate it, but somewhere between six months to eight months will certainly be there, maybe higher, after we have built the plant,” he said while responding to a question on potential delays in commissioning the facility.

He added that the company is evaluating options to shorten the delay but acknowledged that some slippage in timelines now appears unavoidable. “We are actively working to see if we can reduce it further, but there will be some imminent delays,” Chatterjee said, without providing additional details.

In May 2024, Tata Steel signed a connection offer agreement with the Electricity System Operator. Under the arrangement, National Grid is responsible for building the electrical infrastructure required to power the 3.2 million-tonne electric arc furnace by the end of 2027.

Advertisement

According to information shared by Tata Steel, the National Energy System Operator (NESO) is a public body that oversees the connection process, including the connection contract with Tata Steel UK, and manages electricity grid operations across the UK.

National Grid Electricity Transmission (NGET), meanwhile, is the private company responsible for constructing, owning and maintaining the connection infrastructure.

Tata Steel Group is among the world’s leading steelmakers, with an annual crude steel production capacity of 35 million tonnes. The company also ranks among the most geographically diversified steel producers globally.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Advertisement
Continue Reading

Business

FAA notice shows ground stop at San Francisco International Airport

Published

on


FAA notice shows ground stop at San Francisco International Airport

Continue Reading

Business

Major Siri AI Overhaul Expected as Company Seeks AI Momentum

Published

on

Tim Cook

CUPERTINO, Calif. — Apple Inc. kicks off its annual Worldwide Developers Conference on Monday with expectations centered on a significant upgrade to Siri and broader advancements in its Apple Intelligence platform, as the company aims to close the gap with competitors in generative artificial intelligence.

The weeklong event, running through June 12, will feature keynote addresses, developer sessions and previews of upcoming software updates for iOS, macOS, iPadOS and other platforms. This year’s gathering holds particular significance as the company seeks to demonstrate progress on AI features that have so far failed to fully satisfy investor and user expectations.

A revamped Siri is widely anticipated as the centerpiece. The digital assistant, introduced in 2011, has struggled to keep pace with more advanced chatbots and AI agents from rivals. Apple initially previewed an enhanced version in 2024 but encountered delays in delivery. The new iteration is expected to leverage Google’s Gemini AI models rather than relying solely on Apple’s own technology.

Advertisement

According to reports, the updated Siri will gain its own dedicated app and support more natural, conversational interactions similar to leading chatbots. Users will be able to issue multi-step commands in a single request, such as drafting emails or handling complex tasks. Additional features include placement at the top of the iPhone screen in the Dynamic Island and a new text-based search interface accessible by swiping down from the center of the screen.

Siri is also expected to integrate more deeply with the Camera app, allowing users to quickly extract nutrition information from food labels for meal tracking. These enhancements aim to make the assistant more proactive, capable and useful in everyday scenarios.

Apple Intelligence, the company’s broader AI framework introduced last year, already includes writing tools, image editing capabilities and Visual Intelligence features. While these have been well-received in specific use cases, analysts and users have noted that the platform has yet to deliver the transformative impact many anticipated in the generative AI era.

The company’s approach emphasizes on-device processing for privacy and efficiency, distinguishing it from cloud-heavy competitors. However, this strategy has also limited access to the most powerful frontier models, prompting partnerships such as the one with Google for Siri.

Advertisement

Analysts believe a successful AI showing at WWDC could have meaningful financial implications. Bernstein analyst Mark Newman highlighted the potential in a recent note, stating that Apple Intelligence “presents a huge opportunity to reinvent the company, accelerate product replacement cycles, and drive increased services revenue.”

Newman estimated “13% upside to [earnings per share] from [an] accelerating replacement cycle and a further 16% upside to EPS from upselling a premium version of Apple Intelligence.”

Evercore ISI analyst Amit Daryanani echoed the optimism, noting Apple’s advantage lies in its massive installed base. “We don’t think Apple needs to win the frontier-model race to monetize AI, but rather its edge is in distribution to a ~1.25B iPhone install base,” he wrote.

The conference also marks a transitional period for Apple leadership. CEO Tim Cook, who has guided the company since 2011, is expected to use the event to outline the next phase of innovation. Speculation continues about long-term succession planning, though the company has not made any official announcements.

Advertisement

Beyond Siri, developers and users anticipate updates across Apple’s ecosystem. iOS improvements are likely to focus on deeper Apple Intelligence integration, enhanced privacy controls and productivity features. macOS updates may emphasize better cross-device continuity and AI-assisted workflows for creative professionals.

The event will include hands-on sessions for developers to explore new APIs and tools, enabling third-party apps to leverage Apple Intelligence capabilities. This approach allows Apple to extend its AI reach while maintaining control over the core user experience.

Investor attention remains high. Apple shares have experienced mixed performance in 2026, reflecting broader concerns about AI leadership and slowing growth in core hardware segments. A compelling demonstration of AI progress could help reassure markets and re-accelerate device upgrade cycles.

The company has invested heavily in silicon development, data centers and machine learning talent to support its AI ambitions. On-device models reduce reliance on cloud services and enhance privacy — a key differentiator Apple continues to highlight in marketing.

Advertisement

Challenges remain. Competitors have moved aggressively with multimodal AI, agentic systems and creative tools. Apple’s more measured rollout prioritizes reliability and integration over rapid feature expansion, but the strategy has drawn criticism for being too conservative.

WWDC serves as an important platform for Apple to regain narrative control in the AI conversation. By showcasing practical, user-focused applications rather than flashy demonstrations, the company aims to differentiate itself through seamless ecosystem experiences.

Analysts will closely watch for details on monetization strategies, such as potential premium tiers for advanced AI features or new services built around Apple Intelligence. The installed base of over 1.25 billion active iPhones provides a massive distribution advantage if the company can deliver compelling experiences.

For developers, the conference offers technical deep dives and opportunities to build the next generation of AI-powered applications. Apple’s focus on responsible AI development, including transparency and user control, aligns with its longstanding privacy-first philosophy.

Advertisement

As the week progresses, announcements around watchOS, tvOS and visionOS are also expected, though the spotlight will remain firmly on iOS and Siri improvements. The event typically concludes with a strong message about Apple’s vision for the future of personal computing.

WWDC 2026 arrives at a critical juncture for Apple. The company’s ability to translate its vast resources and engineering talent into compelling AI experiences will influence its trajectory for years to come. Investors, developers and consumers alike will be watching to see whether this second major push delivers the AI momentum Apple needs.

The conference is expected to generate significant media coverage and social conversation, with live streaming available on Apple’s website and YouTube. Previews and hands-on impressions from attendees will provide early indications of how the new features perform in real-world use.

Apple has a strong track record of using WWDC to introduce transformative technologies that define the next era of its products. This year’s focus on making Siri smarter and more capable represents another step in that tradition, even as the competitive landscape grows more intense.

Advertisement

Success at the event could help quiet concerns about Apple’s AI positioning and set the stage for stronger hardware sales in the second half of 2026 and beyond. As the company enters a new chapter under continued leadership from Tim Cook, WWDC offers a platform to demonstrate innovation and vision at scale.

Continue Reading

Business

Adocia presents phase 3 results for diabetes drug at ADA meeting

Published

on


Adocia presents phase 3 results for diabetes drug at ADA meeting

Continue Reading

Business

Atom Valley: What comes next for scheme set to create 20,000 jobs

Published

on

Business Live

What the mayoral development corporation could mean for ‘nationally significant’ scheme

The Northern Gateway project has been called the biggest employment development in Greater Manchester

The Northern Gateway project has been called the biggest employment development in Greater Manchester

The vision to build 7,000 new homes, create 20,000 ‘high-quality’ jobs and carve out 17m sq ft of employment land is about to be unlocked. The Atom Valley project has been described as a nationally-significant scheme that will change the face of north Manchester forever.

Advertisement

Now it has a new driving force behind it – a mayoral development corporation (MDC).

These special powers, granted by the Greater Manchester Combined Authority (GMCA), are designed to speed up development and attract investment within a specific area. This will be done by cutting down red tape that slows down redevelopment and ramps up costs.

The MDC has powers to acquire, hold, regenerate and dispose of land including compulsory purchase (CPO) powers to speed up the transformation. Council documents say the MDC will work with landowners and developers to understand their priorities and future plans.

Atom Valley is anticipated to give a £7bn boost to the regional economy through employment and investment. Now the MDC, led by business leaders and council bosses from Bury and Rochdale, would help push forward the project by using these powers to unlock land primed for transformation.

Advertisement

Much of the work on this project has been in the boardrooms of council offices and in planning meetings. But physical evidence that this major scheme has started is the Sustainable Materials and Manufacturing Centre (SMMC) – which is currently under construction.

Greater Manchester mayor Andy Burnham was there on a rainy November day in Rochdale to officially put the spades in the ground on the project. Located at Kingsway Business Park near the M62, the research hub is expected to become a catalyst for growth in advanced manufacturing, machinery, materials, and scientific research.

Building up industry around Kingsway is one of three key components of Atom Valley. The other key sites include Stakehill and the Northern Gateway.

Stakehill is land allocated for around 1650 new homes and 231 acres of new employment space for industrial, distribution and advanced manufacturing uses. The site is just off the A627(M) and provides direct access to M62 and M60.

Advertisement

There has already been movement on this section of the project, with plans for 314 new homes on land to the north and east of the Stakehill Industrial Estate being tabled last year. This would be the first of many developments coming to the Stakehill area under the overarching Atom Valley development plan. The other piece of the puzzle will be the Northern Gateway project – which is set to become one of the largest employment hubs in the region.

It is anticipated to drive substantial investment and up to 10,000 jobs into Greater Manchester. It also promises new homes straddling areas of Bury and Rochdale along the M60, M62 and M66 corridors. It features proposals for 6.5 million sqft of industrial space for the advanced manufacturing, industrial, and logistical sectors.

Entrance view of new Sustainable Materials and Manufacturing Centre (SMMC) planned for Atom Valley in Rochdale

The Sustainable Materials and Manufacturing Centre (SMMC) that is set for Atom Valley(Image: Rochdale Development Agency)

Outline plans for the Northern Gateway’s giant industrial park were tabled last year by Northern Gateway Development Vehicle (NGDV) – a 50/50 partnership between land and property giants Russell LDP and Harworth Group plc.

When he officially launched the project last November, Greater Manchester mayor Andy Burnham described this as the start of a ‘decade of growth’ for the northern section of the city-region.

Advertisement

Speaking to a crowd at the ground breaking of the facility at Kingsway Business Park in Rochdale, Mr Burnham said: “This is a major milestone on our journey to be a world-leading city-region in every respect. I think in the future, we will remember being gathered here in the rain on a bleak looking day, hopeful of what today symbolises.

“This is a huge statement about how Rochdale has changed. I arrived on this building site and I saw a bowl of rocket and guacamole, if that doesn’t tell you Rochdale is changing, nothing else will.

“We’ve had 10 years of devolution in Greater Manchester. In that time we’ve achieved something others thought we wouldn’t, we’ve become the fastest growing city-region in the country.

“We’ve not seen enough change in Rochdale, Oldham, Bury, Wigan and Leigh – that’s why this is significant. Because the next decade of growth in GM is going to be a decade of good growth, where we lift every person and every place.”

Advertisement

Work has already started on the Simister Island upgrade project, which will be essential to help deal with the increased transport activity created by Atom Valley. Five lanes of traffic and a new link road will be created at Junction 18 in a bid to ease congestion, following official confirmation by the Department for Transport (DfT) last year.

Greater Manchester mayor Andy Burnham at Kingsway Business Park in Rochdale where ground was broken on new Sustainable Materials and Manufacturing Centre

Greater Manchester mayor Andy Burnham at Kingsway Business Park in Rochdale when ground was broken on the Sustainable Materials and Manufacturing Centre site(Image: Sean Hansford | Manchester Evening News)

Simister Island interchange, which connects the M60, M62 and M66 motorways, has long been earmarked for a massive change under National Highways proposals.

But Mr Burnham said a better public transport network would still be needed. That’s why the Atom Valley project already includes a plan to extend the Metrolink tram service in the area.

Back in November, Mr Burnham added: “You can’t be here and ignore the congestion on the M60 and M62. The congestion is a drag on productivity and it’s too hard to get across the country in that part and around the city-region.

Advertisement

“The Simister Island (junction 18) investment is good, but going into the budget my message to the government is that you can’t take GM’s growth for granted. We’ve got growth but to keep ahead of that you have to put in the infrastructure to support further growth.

“We’re still waiting to hear about the big infrastructure to support our railways. I don’t think we can carry on with the M60 as it is, because it’s overly congested all the way around.

“We need a plan for road and rail to support the level of ambition that is Atom Valley.”

The committee meeting on the Atom Valley Northern Gateway Mayoral Development Corporation was postponed last week. But it is expected to reconvene soon.

Advertisement

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

Continue Reading

Business

Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data

Published

on

Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data


Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data

Continue Reading

Business

ASX 200 Drops 0.7% as Miners and Banks Weigh on Australian Shares

Published

on

Australia Housing Market 2026: Two-Speed Boom Persists as Prices Hit

SYDNEY — The S&P/ASX 200 index closed lower on Friday, falling 61 points or 0.7% to finish at 8,625.1 as weakness in mining and financial stocks offset gains elsewhere amid cautious global sentiment.

The benchmark index recorded its second straight decline, extending losses for the week to 1.2% — its first weekly drop in three and the largest in nearly a month. Trading volume remained solid as investors navigated mixed signals from overseas markets and domestic economic data.

Mining stocks led the retreat, pressured by softer commodity prices. Energy and financial sectors also contributed to the downside. Gold miners declined despite firmer bullion prices, with several major names posting losses of 2-3%. The big four banks slipped between 1.1% and 1.6%, reflecting broader caution in the financial space.

In contrast, technology and certain consumer stocks provided some support. Megaport surged more than 11% after announcing new AI infrastructure contracts and plans for an inference cloud, highlighting investor interest in technology-related growth themes.

Advertisement

The decline came as U.S. stock futures weakened ahead of key May jobs data that could influence Federal Reserve policy expectations. Fading hopes around certain geopolitical developments also weighed on risk appetite across Asia-Pacific markets.

Economists noted that the Reserve Bank of Australia’s upcoming policy decision later in the month remains a key focus. Recent wage pressures and inflation data have tempered expectations for near-term rate cuts, contributing to a more guarded tone among local investors.

Sector rotation was evident, with defensive areas showing relative resilience while cyclical sectors faced selling pressure. Materials and energy, which have driven much of the year’s performance, gave back some recent gains as iron ore and oil prices eased.

Individual stock moves reflected broader themes. Lynas Rare Earths fell after announcing an interim CEO transition. Several mid-cap resources names also traded lower on commodity price softness. On the positive side, selected technology and healthcare stocks bucked the trend, supported by company-specific news and defensive characteristics.

Advertisement

Market analysts described the session as a healthy consolidation after recent gains rather than the start of a major reversal. The ASX 200 remains up modestly for the year but has lagged some global peers amid mixed domestic growth signals and external uncertainties.

Trading Economics noted that over the past month the index has declined around 1.9%, though it stays positive year-over-year. Historically, the benchmark reached an all-time high earlier in 2026 near 9,200 points.

Looking ahead, investors will monitor upcoming economic releases, corporate earnings and international developments for direction. The upcoming RBA meeting and U.S. data will likely influence sentiment in the short term.

Broader context includes ongoing global transitions in monetary policy and geopolitical tensions. Australian markets, heavily weighted toward resources and financials, remain sensitive to movements in commodity prices and major trading partners like China.

Advertisement

Despite Friday’s decline, many strategists maintain a constructive longer-term outlook for Australian equities, citing attractive valuations in certain sectors and potential benefits from any global economic soft landing. However, near-term volatility is expected to persist as markets digest fresh data.

The All Ordinaries index, which includes more smaller companies, also closed lower, reflecting similar pressures across the broader market.

Volume leaders and most active stocks highlighted interest in both declining resources names and outperforming technology plays. Options activity and futures positioning suggested continued caution heading into the new week.

For individual investors, the session underscored the importance of diversification across sectors. While resources have powered recent gains, defensive and growth areas provided balance during periods of weakness.

Advertisement

As the Australian sharemarket enters the new week, focus shifts to corporate earnings season continuation, commodity trends and international cues. The S&P/ASX 200’s performance will depend on how these factors interplay amid a complex global backdrop.

Analysts recommend monitoring key support levels around recent lows while watching for positive catalysts in upcoming data releases. The market’s resilience in the face of mixed signals highlights underlying strength in select areas despite headline declines.

Overall, Friday’s trading reflected typical late-week positioning and profit-taking amid uncertainty. While the 0.7% drop was noticeable, it fits within normal daily fluctuations for the benchmark index and does not necessarily signal a change in the broader trend.

Market participants will now assess next week’s calendar, including any further U.S. economic indicators and domestic developments that could influence the RBA’s thinking. The balance between growth expectations, inflation control and global risk appetite will remain central to Australian equity performance in the near term.

Advertisement
Continue Reading

Business

SaaS-Pocalypse | Seeking Alpha

Published

on

SaaS-Pocalypse | Seeking Alpha

Baron is an asset management firm focused on delivering growth equity investment solutions. Founded in 1982, Baron has become known for its long-term, fundamental, active approach to growth investing. Baron was founded as an equity research firm, and research has remained at the core of its business. Note: This account is not managed or monitored by Baron Capital, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Baron Capital’s official channels.

Continue Reading

Trending

Copyright © 2025