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News and Newsfeeds

Markets, Cryptos and Culture

FinTech, Big Tech, Big Biz

May 7, 2026

Sydney, Australia to Wall Street, New York

Australia Continues To Ring Bells Before The NYC Bell; Who Is The Bell Of Big Balls?! : TKO Neg With Talent/Wrestling With Numbers And Contracts; If The New Price Is Right Mr Wrestling and Ms Wrestling

LinkedIn b2b Business Lifts For Media Man Group and Associates

Media And Broadcasting Legend Ted Turner Dies; Media, Entertainment And Sports Business World Pays Tribute

Alphabet/Google Cracks TIME 100 Cover; Positive Buzz

Beast Industries aka MrBeast TIME Top 100 Influencer;
Post Buzz Continues For TIME Media Darlings

TKO/WWE In And Out Of The Ring Continues; Up and Down Cycle; TKO's Nick Khan Continues To Offer Positive Vibes To US Admin Re Ali Act Amendment; Zuffa Boxing 06 This Weekend; WWE Backlash Weekend

TKO's LinkedIn Continues To Enjoy Strong News Media Buzz; Google LinkedIn Numbers Up; Rio Tinto (Mining) Strong LinkedIn Media Vibes And Buzz

WWE's Danhausen Offers Mega Exposure To Rootless Coffee And WWE Merch; Number 3 Best Seller Of WWE Merch With Human Movies; Very Nice!

Media Man LinkedIn and X Up; TKO News Flashbacks

Road To WWE Backlash: May 9 in Tampa, Florida: Bloodline Themes! Road To WWE SNME

Google/Alphabet Earnings Ultra Bullish

May 7, 2026

(Sydney, Australia To Wall Street, New York)

Markets

ASX 200 futures up 95 points/1.1%: 8892

AUD +0.8% to US72.37¢

Bitcoin $80,989.05 -0.59%

Wall St:
Dow +1.2%
S&P +1.5%
Nasdaq +2%

VIX +0.01 to 17.39
Gold +3% to $US4691.33 an ounce
Brent oil -7.1% to $US102.09 a barrel
Iron ore +1.9% to $US110.60 a ton

10-year yield:
US +4.35%
Australia +4.95%

Coffee 284.85 -5.90

Cocoa 4135 +61

Numbers Double Check

Australian Dollar: $0.7230 USD (up $0.0050 USD)
Iron Ore: $110.60 USD (up $2.10 USD)
Oil Price (West Texas): $96.21 USD (down $6.47 USD)
Gold Price : $4,691.26 USD (up $134.13 USD)
Copper Price: $6.1935 USD (up $0.2045 USD)
Dow Jones: 49,910.59 (up 612.34 points)

News (Australia)

ASX up on ceasefire talk; CBA, banks rally

The Australian sharemarket rallied on Wednesday, amid growing hopes of a permanent ceasefire in the Middle East; the S&P/ASX 200 rose 1.3 per cent to close at 8,793.6 points. The Commonwealth Bank was up three per cent at $177.98, DigiCo Infrastructure REIT advanced 25 per cent to $2.95 and Reece finished 1.4 per cent higher at $13.59. However, Woodside Energy was down 2.7 per cent at $31.84 and JB Hi-Fi fell 6.3 per cent to $72.98. (RMS)

News

China hit with punitive 82pc steel tariff

The federal government has imposed tariffs of between 38 per cent and 82 per cent on hot-rolled coil steel products that are imported from China. Industry Minister Tim Ayres approved the new tariffs on Monday, with temporary levies of up 117 per cent having been in place since late 2025 while the Anti-Dumping Commission completed its investigation into claims that China was exporting steel products to Australia at heavily discounted prices. A spokesman for Ayres says that all trade remedies are fully consistent with Australia's obligations under its trade agreements, and the nation's anti-dumping regime does not target any country in particular.

News

Politics/MMA/UFC

Trump Hosts UFC Stars in Oval Office for White House Fight Event

Trump welcomed lightweight champ Ilia Topuria, challenger Justin Gaethje, light heavyweight titleholder Alex Pereira, and heavyweight Ciryl Gane to preview UFC Freedom 250 on June 14. The free event on the South Lawn features a 4,500-seat arena for Topuria vs. Gaethje and Pereira vs. Gane, tying into America's 250th anniversary and Trump's 80th birthday, with overflow crowds on giant screens nearby. Banter flew in the meeting—Trump joked about Pereira's powerful hand, while Topuria teased him lightly—building hype for this historic first pro sports event on White House grounds. (Media Man Peg-On): Win-Win-Win. Even if you lose on whe White House, you also win at the game and biz of MMA! Much respect to all.

News

Cryptos

Altcoins are surging amid a steady rise in BTC price

Market Overview

The crypto market capitalisation has risen by 0.75% over the past 24 hours, reaching $2.69 trillion. The top three performers are Zcash (+29%), Toncoin (+23%) and Filecoin (+16%). The underperformers are Ethereum (-0.4%), Algorand (-0.5%) and Basic Attention Token (-4.6%).

Bitcoin is approaching $81.5K, continuing its movement within an upward channel and hitting new highs since February. This positive momentum can easily be linked to the continued rise in stock indices, which is boosting risk appetite and bringing a more significant technical battle into view. The leading cryptocurrency is approaching its 200-day moving average (currently at $83.3K); a firm consolidation above this level would be a further sign of bullish dominance. We saw the first such sign – consolidation above the 50-day moving average – exactly one month ago. It is quite likely that, as Bitcoin approaches $83K, a short-term profit-taking phase awaits, allowing some of the gains to be taken.

The performance of altcoins clearly shows how BTC’s steady growth is encouraging increased risk-taking. First Toncoin, and today Zcash, have gained nearly 30% over the past 24 hours. The latter has been rising every day since 3 April, gaining 80% during this period; it was one of the first major cryptocurrencies to climb out of the slump at the end of January and reach highs last seen in November of last year. The key pivot zone in 2018 and 2025, near $800, looks well within reach in the coming days.

News Background

The total USDT market capitalisation has increased by $5.9 billion over the last 60 days, whereas prior to March, the market was losing around $2 billion monthly, notes analyst Darkfost. The inflow of capital into the crypto market is boosting asset values.

Morgan Stanley suggests that US banks may be able to hold Bitcoin on their balance sheets in the future, despite current regulatory barriers. The bank recently launched a Bitcoin-based exchange-traded product (ETP). Later this year, Morgan Stanley will launch spot trading in cryptocurrency on its Wealth platform.

The international payment system Western Union has launched its own stablecoin, USDPT, on the Solana blockchain. Integration with SOL will allow the company to speed up settlements and move away from traditional interbank systems, which are prone to delays.

BitMine has increased its Ethereum reserves to $13 billion, purchasing over 100,000 ETH for the third week in a row. The company’s reserves have reached 5,180,131 ETH, or 4.29% of the Ethereum supply.

Toncoin (TON) jumped by 45% amid fee reductions and the reorganisation of TON. Pavel Durov announced that Telegram would take over management of the TON crypto project from the current operator, the TON Foundation. The entrepreneur promised to reduce fees on the TON network sixfold and turn the eponymous token into a mass-market product.

News

Advertising expectations and experience: Australians have their say about AI

The second wave of Ad Standards' Community Sentiment Tracker, which was conducted by Roy Morgan, has found that 72% of Australians are concerned about the use of AI-generated content in advertising, particularly its potential to mislead or deceive people with unrealistic or fake content. Around half are also worried that the use of AI could reduce authenticity and creativity in advertising and promote unrealistic body or beauty standards. Australians believe AI-generated content is already widely used in advertising, with more than half saying that it is used very often (21%) or often (37%). Despite this, confidence in recognising AI-generated content remains low, with one in five Australians saying they are not at all confident they could identify when AI-generated content has been used in an ad. Some 64% of Australians believe it should always be necessary to disclose when advertising contains AI-generated content. The Ad Standards-Roy Morgan Community Sentiment Tracker Survey was conducted online with a cross-section of 1,000 Australians aged 18+ between 19 February and 2 March 2026. (Roy Morgan)

News

Sports/Media/Broadasting

Seven boss flags interest in NRL

Southern Cross Media Group's CEO Rohan Lund has indicated that the Seven Network owner could potentially bid for the NRL's broadcasting rights. Lund says media companies like Seven have an important role in helping audiences and partners to connect with their sports teams. He adds that Seven could be interested in the annual State of Origin series in particular. The Nine Network's current free-to-air rights deal for the NRL expires next year, and the NRL aims to finalise its next deal by the end of July. (RMS)

News

Mining/Energy/Resources

BHP's learning curve after tough negotiations

BHP's chief financial officer Vandita Pant addressed the Macquarie Australia conference on Wednesday. She stated that the resources group was pleased to have concluded commercial negotiations with China Mineral Resources Group regarding iron ore pricing and sales. The recent deal ended a seven-month stand-off, and Pant said the negotiations with state-owned CMRG were "tough". Chinese media reports have suggested that CMRG has secured a 1.8 per cent discount on iron ore from BHP. Pant also stated that BHP's experience in dealing with supply chain disruptions during the pandemic has been invaluable in coping with similar global supply shocks due to the Iran war. (RMS)

News

Pop Culture/Wrestling/WWE/NXT

Shawn Michaels Announces Loaded NXT Card for Next Week

Next Tuesday at 8 p.m. ET on The CW from Orlando's WWE Performance Center, NXT Women's North American Champion Tatum Paxley teams with newcomer Lizzy Rain against Zaria and Nikkita Lyons, fresh off last week's wild brawl. A win in the Kendall Grey vs. Kelani Jordan match earns a title shot, while Japanese star Naraku debuts in the ring and indie signee Sean Legacy joins a six-man tag. Noam Dar returns from injury for a one-on-one with Jackson Drake, as Michaels spotlights rising talents in a buzzing women's reset. (Media Man Peg-On): For Australians enjoy the show on Tuesday morning (Australia) via Netflix! Highlights will appear on YouTube the same day!

News

Ted Turner, CNN Founder and Media Pioneer, Dies at 87

Turner launched CNN in 1980 as the world's first round-the-clock news network, revolutionized cable with superstation WTBS, TNT, and Cartoon Network, and owned the Atlanta Braves during their 1995 World Series win. He built a vast media empire from his family's billboard business, sold it to Time Warner for $7.3 billion in 1996, and gave $1 billion to the United Nations while conserving 2 million acres of land. Tributes highlight his innovations in news and entertainment, with survivors including five children, 14 grandchildren, and two great-grandchildren. (Media Man Peg-On): RIP legend. Thank you for what you did for us in our 5 years of Pay TV days at Optus Vision down under.

May 7

TKO Group Holdings Inc
$190.47
+3.53 +1.89%

Alphabet Inc Class A
$398.04
+9.57 +2.46%

NVIDIA Corp
$207.83
+11.33 +5.77%

Meta Platforms Inc

$612.88
+7.92 +1.31%

Heyman Hustle/Paul Heyman - Live At MGM News

Heyman’s involvement ties into his Looking4Larry Agency’s creative work and a broader MGM Studios partnershipMGM Live is the new entertainment/content brand for MGM Resorts International’s Las Vegas properties. It launched on Instagram with a debut reel featuring Paul Heyman and UFC President Dana White together at an EZ Baccarat table at the Live at Park MGM venue on the Las Vegas.

This marks a notable crossover, as UFC and WWE are both under TKO Group Holdings. Park MGM has hosted WWE events (like the 2026 Hall of Fame) and UFC PPVs.

Heyman shot disruptive/late-night content there during WrestleMania week, including:His TikTok debut from Park MGM (talking about Brock Lesnar, WrestleMania, etc.).

"Heyman on Heyman" interview with his son Jacob for HeymanHustleTV.

Multiple Instagram/TikTok reels embracing his "King of New York (and everywhere else)" persona while promoting MGM.

News

(ICYMI)

Alphabet, Microsoft, Amazon, and Meta Platforms Report Q1 2026 Earnings Beating Expectations

Alphabet reported Q1 2026 revenue of $109.9 billion and EPS of $5.11, surpassing estimates, with Google Cloud revenue up 63% to $20 billion.

Microsoft reported fiscal Q3 2026 revenue of $82.89 billion and EPS of $4.27, beating expectations, driven by 39-40% Azure growth.

Amazon reported Q1 2026 revenue of $181.5 billion and EPS of $2.78 exceeding forecasts, with AWS up 28%, while Meta reported Q1 2026 revenue of $56.3 billion and EPS of $10.44 above estimates.

News

Geopolitics has caused the dollar to retreat

The end of Operation Epic Fury is boosting risk appetite.

Japan is likely to continue punishing speculators. The US dollar has lost ground following statements from the White House regarding the conclusion of the two-month ‘Operation Epic Fury’ and progress in negotiations with Iran. Investors are interpreting this as a de-escalation in the Middle East and are selling Brent. At the same time, the dollar index is once again testing the lows of the past two months amid risk-on sentiment in key markets. Optimism could push EURUSD higher. Although its further trajectory will depend on the pace of the fall in oil prices. It will take time to repair the damaged energy infrastructure in the Persian Gulf. Therefore, it is believed that Brent and WTI will not return to the $65–70 levels seen before the conflict in the Middle East this year. This is a pro-inflationary factor. US services PMI indices are signalling the highest price pressure since 2022, while the futures market is ramping up expectations of Fed rate hikes. It will not be easy for Kevin Warsh to fulfil Donald Trump’s wishes for a significant easing of policy. For now, traders’ attention is entirely focused on the Middle East. The end of the conflict is driving the EURUSD up to 1.1760, and this rise will gain momentum with further signs of de-escalation. Conversely, another breakdown in negotiations and a deadlock in US-Iran relations will force the major currency pair to take a step back. And this is not merely a matter of caution, as alongside their conciliatory rhetoric, the US is building up its military presence in the Persian Gulf. The sharp collapse in USDJPY on Wednesday suggests that the government has once again intervened in the forex market. Japan needs to properly deter speculators from using dips in the US dollar to buy it. Rumours of a de-escalation in geopolitical tensions have catalysed a rally of more than 3% in gold, pushing it above $4,700. The fall in oil prices reduces the risk of high inflation becoming entrenched and removes the need for central banks to tighten policy. As a result, the precious metal may see a return to the debasement trade. (FxPro)

News Lead Up

48 Hours Ago

Bitcoin has begun hunting down short sellers

Market Overview

The crypto market capitalisation has continued to hit new highs since early February, reaching $2.67 trillion. This time, the movement was not uniform, consisting of individual surges led by Toncoin (+29%), followed by Algorand (+4.5%) and Basic Attention Token (+4%). The underperformers include Dash (-5.5%), Aptos (-2.1%) and VeChain (-1.6%).

The sentiment index has reached 50, the midpoint of the indicator’s range, where it last stood on 17 January. The market is approaching a significant turning point. Since last October, there have been only brief surges in sentiment to higher levels, but these have provided excellent opportunities for bears to sell at higher prices.

Although Bitcoin faced some pressure midday on Monday, it overcame it on Tuesday, reaching $81K and gaining 1.3% for the day, though, by and large, it covered this ground in just the last 4 hours. We attribute this rally to short squeezes, as the rise occurred during the period of the most aggressive movements ahead of the start of active trading in Asia, when liquidity is at its lowest. Meanwhile, on the stock markets, there was only a slight pullback following the downward momentum. In any case, on the daily charts, Bitcoin is recording its sixth bullish candle, and the entire April uptrend now fits within a new upward channel, with the upper boundary currently at the 200-day moving average.

News Background

The Capriole investment fund has noted a sharp rise in demand for Bitcoin from major players. Institutional investors are buying up more than 500% of the daily mining output of the leading cryptocurrency every day. Historically, such a supply shortage has led to a 24% rise in BTC over the following month.

Bitcoin appears poised for an upward surge. A break above $80K opens up the possibility of reaching $86K–$88K in the coming period, notes MN Trading founder Michael van de Poppe.

Following the latest adjustment, Bitcoin’s mining difficulty has fallen by 2.3% to 132.47 T. According to Glassnode, the network’s average hash rate, smoothed by a 7-day moving average, stands at around 955 EH/s.
Senators Tom Tillis and Angela Olsbrooks have reached a compromise regarding stablecoin yields in the CLARITY Act. This bill regulating the US crypto market may be considered by the Senate Banking Committee in the week following 11 May. (FxPro)

News

BHP's price deal puts minnows, rivals on alert

Rio Tinto's former CEO Sam Walsh believes that the iron ore pricing deal between BHP and China Mineral Resources Group will fail. Few details of the deal to end the long-running dispute between BHP and CMRG have emerged, although reports suggest that BHP has ceded more influence to China in setting iron ore prices; this could potentially lead to more ore being priced in Chinese currency. Geoff Raby, Australian ambassador to China, believes that the key outcome of the deal is BHP's acceptance that the benchmark price of iron ore should be set by China, rather than a price reporting agency based in the US or the UK. (ABIX)

Media Man Peg-On: BHP per ad "We've been called many things". Gonzo journalism in mining and rare earth news lives!
News

UFC/MMA

Chimaev Shares Sparring Clip Ragdolling Strickland Before UFC 328 Title Fight

The undefeated UFC middleweight champion Chimaev (15-0) shared the American Top Team gym session showing him slamming takedowns on a shirtless Strickland (30-7), days ahead of UFC 328 at Newark's Prudential Center where he defends his belt for the first time. Bad blood stems from a group chat spat over Chechen wrestling jokes, escalating to media day barbs like Strickland calling Chimaev 'soft' and daring a parking lot fight, while Chimaev shrugged it off and said security protects Strickland. Odds favor Chimaev at -510, but Joe Rogan spots a real shot for Strickland's boxing and cardio, with Dricus du Plessis warning the first round decides it all. (Media Man: Nothing quite like a good old fashioned blood feud, be it MMA or wrestling. Red turns to green! Sell out on the cards!

News

WWE Backlash
May 9, 2026
Benchmark International Arena
Tampa, Florida
Main Event: Roman Reigns vs Jacob Fatu
Rollins vs Breakker
Williams vs Zayn
SKY vs Asuka
Danhausen and Mystery Partner vs Miz and Kit Wilson

News Flashback

WWE NXT/Wrestling

NXT Debuts EVIL, Lizzy Rain, and Will Kroos in Roster Shake-Up

WWE NXT's April 28 episode on The CW featured six debuts, including former NJPW star EVIL's chilling arrival targeting NXT Champion Tony D'Angelo, rocker Lizzy Rain's dominant win over Nikkita Lyons with her Thunderstruck finisher, and indie powerhouse Will Kroos joining a beatdown on D'Angelo. John Cena hyped EVIL with his classic promo quote, while fans praised the secrecy around Kroos and Rain's heavy-metal entrance. Other newcomers like Tristan Angels, Kam Hendrix, and Tate Wilder added to the stacked night, setting up fresh storylines for titles and rivalries. (Media Man Peg-On): NXT needed some fresh faces and new blood to replace some of the WWE main roster call-ups; Shawn Michaels and Robert Stone one again deliver. It's almost a new era kinda feeling and vibe with the shake-ups. Fans pumped for the upcoming main roster debuts of Blake Monroe and Ricky Saints.

News

Google, Meta shift $11b offshore, pay just $140m in tax

Technology firms Meta and Google have come under ongoing criticism over the fact that they seem to pay very little tax on the huge amount of revenue they generate in Australia. The criticism comes in particular from companies that must compete with them, including banks and media companies, while the federal government is set to force them to enter into commercial agreements with Australian news publishers. The criticism regarding the low amount of tax that Google and Meta is not likely to go away, given the revelation that they transferred almost $11 billion to offshore entities in service fees and reseller payments over the past year, but only paid just over $140 million in tax. (RMS)

News

News Lead Up

WWE/Pop Culture

Paul Heyman Praises Lil Yachty Amid WWE Celebrity Backlash

On SmackDown, Yachty celebrated new U.S. Champion Trick Williams' WrestleMania 42 victory over Sami Zayn, but Zayn ambushed them unmasked as a Gingerbread Man with a Helluva Kick. Paul Heyman endorsed Yachty as a respectful crossover star who honors WWE's history and fans, countering backlash from viewers upset over recent talent cuts like Aleister Black and Karrion Kross. While some fans call it unwanted filler, others praise the fun energy as WWE balances celebrities with homegrown stories ahead of Backlash. (Media Man Peg-On): We're going with Heyman on this. Yachty is great and over with the audience for the most part.

News

Pop Culture/Lucha Libre

AAA Announces New General Manager Reveal on May 23

On the April 25 episode of AAA on Fox, President Marisela Peña announced that Lucha Libre AAA Worldwide will get a new General Manager, with the live reveal set for May 23 in Mexico City. This follows her son Dorian Roldán's recent plea for the role, which she decided to open to other candidates after careful thought. Fans are speculating on names like Zelina Vega, Rey Mysterio, or even The Undertaker, amid AAA's growth since WWE's majority stake acquisition last April and its new Fox broadcasts blending lucha action with WWE polish. (Media Man Peg-On): Ariba. Triple A has massive influence from The Undertaker, and it's paying off as far as entertainment value for fans and in other creative and business ways from what we see and hear. Can see see Danhausen in Triple H also? Lucha Hausen!

News Lead Up

April 23

(Wall St, New York) : April 24 (Sydney, Australia)

UFC - MMA Building Stars Again

New York Kind Of Feeling

US Stocks - Black Friday - Black-ish Thursday into Friday

Post WrestleMania; Road To WWE Backlash 2026

WWE Management And Wrestlers Bullish; Wrestling and Boxing

Sports Biz Event Tickets And Merch Drive

Danhausen Lifts WWE Merch Hausen

Traditional Big Tech Sector Takes Big Hit April 23

News