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Iran war will hit UK growth the hardest of any rich economies, IMF says

The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.

Sell Into Strength? Absolutely. 2 Dividends to Sell Now (and 2 to Buy)

GIS, KO, HSY, V

This market bounce is giving us a rare window to sell our laggards--and snap up stocks that have been unfairly left behind.

Citigroup upgrades the U.S. stock market, citing 'eventual cessation' of U.S.-Iran war

TRVC

The U.S. stock market is once again the place to be, it seems.

Lucid names auto industry outsider as CEO, expands Uber deal

LCID

Lucid Group has named former chairman and CEO of Schindler Group, an industrial machinery manufacturer of escalators and elevators, as its new chief executive.

This biotech firm has room to run, even as its drug royalties are set to shrink

BIIB.USD

Biogen could see lower royalties for Ocrevus after its patent expires , but it has developed other medicines that will support its growth, per Piper Sandler.

Families to get cash to help with school uniforms

Families will be able to get help with back to school costs for children in reception to Year 11.

US, Australia Unleash US$3.5 Billion for Critical Minerals Advancement

TROX

The US and Australia have committed US$3.5 billion to underwrite a wave of critical minerals projects in Australia, sharply increasing their funding targets as Washington and Canberra race to loosen China’s monopoly on the market.Announced on Sunday (April 12), the massive capital injection breathes financial life into a bilateral Critical Minerals Framework signed last October by Australian Prime Minister Anthony Albanese and US President Donald Trump.Originally, the two nations agreed to each provide at least US$1 billion in investments toward an US$8.5 billion pipeline of priority projects.The swift acceleration to US$3.5 billion highlights the urgency both governments place on securing independent supply lines.The strategy is twofold: to feed the re-industrialisation of America's high-tech manufacturing base, while explicitly seeking to "counter China's export dominance and ensure Western supply-chain resilience," as the two nations outlined when the initial framework was struck.While Australia boasts vast geological reserves of critical raw materials, Beijing currently dominates the technically complex refining processes required to convert ores into industrial-grade inputs.“Australia and the US are delivering on the commitments made in the White House, with priority projects in Australia that support production of rare earths and critical minerals including nickel, cobalt, gallium, magnesium, vanadium and graphite,” Minister for Resources and Northern Australia Madeleine King said in a statement.The capital is being deployed jointly through the US Export-Import Bank (EXIM) and Export Finance Australia (EFA), focusing heavily on domestic extraction paired with advanced processing capabilities.A major beneficiary of the newly deployed capital is Tronox Holdings (NYSE:TROX). EFA and EXIM have issued coordinated letters of support and interest totaling approximately US$606 million for Tronox’s rare earths refinery project. Leveraging its existing footprint in Western Australia and the US, Tronox will use the capital to process ores into mixed rare earths carbonate containing both light and heavy rare earth elements.The agencies also pledged up to approximately US$700 million in combined backing to Ardea Resources (ASX:ARL,OTCPL:ARRRF) to advance its Kalgoorlie nickel project in Western Australia. The site hosts the largest nickel-cobalt resource in Australia, and one of the largest in the developed world. It is serving as a pilot project for the Albanese government’s new "Investor Front Door" initiative.Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

UK faces biggest hit to growth from Iran war of major economies, IMF says

The financial body cuts its growth forecast for the UK and warns the war threatens to throw the global economy "off course".

Treasury Secretary Bessent now says it's OK for the Fed to wait to lower rates amid oil surge

Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growth.

Ulta Beauty's Fragrance Leads Growth: Is the Category Still Hot?

DECK, ULTA, FIVE, TPR

Ulta Beauty closes fiscal 2025 on a solid note, as fragrance leads Q4 with double-digit comps, boosted by exclusives, gift sets and better in-stocks.