March 2, 2026

Elon Musk’s social network X and artificial intelligence startup xAI are set to repay approximately US$17.5 billion (A$24.6 billion) in debt, according to sources familiar with the matter. Morgan Stanley, which managed the debt raises for both companies, has reportedly informed existing lenders that X and xAI will fully repay their outstanding debts. The sources, […]

Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, suggests the recent volatility in US equities presents potential opportunities. She notes the “violent sector rotation” and “stock-performance dispersion” may highlight underlying value, particularly in the technology sector. Shalett points out that while the capital intensity of the tech revolution is increasing, potentially impacting margins

The United States plans to take action on Tuesday to address rising energy prices. This announcement follows a significant spike in oil prices, which US Secretary of State Rubio attributed to the ongoing conflict involving Iran. The specific measures to be implemented have not yet been detailed, but the move signals the US government’s concern

Fidelity Investments, a major global asset manager, has announced a record-breaking year, with its total assets in funds increasing by over $US1 trillion and revenue climbing 15 per cent since 2024. Fidelity Investments is a financial services company that provides a range of services including investment management, brokerage services, and retirement planning. Headquartered in Boston,

Genesis Energy (GNE:ASX), a diversified New Zealand energy company that sells electricity, reticulated natural gas and LPG and is one of New Zealand’s largest energy retailers with approximately 500,000 customers, has announced the A$ price for its upcoming rights offer. The A$ price has been set at A$1.73 per share for its underwritten 1 for

Gasoline and diesel futures experienced a sharp increase following attacks on Iran by the US and Israel. This disruption jeopardises one of President Trump’s key energy initiatives. Gasoline futures rose as much as 9 per cent, causing a near standstill in tanker traffic through the Strait of Hormuz. The American Automobile Association reported that average

Companies preparing for initial public offerings (IPOs) are reassessing their strategies amidst the market volatility triggered by recent events in the Middle East. Investment banks are actively seeking solutions to finalise deals that are nearing completion. Uncertainty looms as firms evaluate the potential impact of escalating tensions on investor sentiment and market stability. Despite the

Liquefied natural gas (LNG) production has been suspended at QatarEnergy’s Ras Laffan plant, the world’s largest LNG export facility, following an Iranian drone attack. This unprecedented shutdown, confirmed by QatarEnergy, has rattled global energy markets and sent European gas prices soaring more than 50 per cent. The Ras Laffan plant accounts for approximately one-fifth of

Paramount Skydance has announced plans to merge its Paramount+ streaming service with HBO Max, following the company’s $US110 billion acquisition of Warner Bros Discovery. The transaction, formally signed on February 27, is expected to close in the third quarter. Paramount is a global media company focused on creating and distributing content across various platforms. It

US sharemarkets ended largely flat on Monday after rebounding from sharp early losses triggered by joint US-Israeli strikes on Iran over the weekend. The S&P 500 edged up 0.04% to close at 6,881.62 after falling as much as 1.2% earlier in the session. The Nasdaq Composite gained 0.36% to 22,748.86, reversing a 1.6% intraday decline,