This Week


This Week

 

Mining/Energy/Resources/Biz/Markets/Pop Culture

The Business Of Everything Edition! Part IV

Sin City Sydney Australia, Wall Street, New York, and Beyond The Black Stump

Digital Bush Telegraph

"Wall Street Shuffle" (10cc)
"Poker Face" (Lady Gaga)
"I've Got Friday On My Mind" (The Easybeats)
"Ruby Tuesday" (The Rolling Stones)
"The South Swell" (Big Wednesday movie)
"Hail to the Chief" (All The President's Men movie)
"Down Under" (Men at Work)
"Y.M.C.A" (Villiage People)
"Advance Australia Fair" National anthem of Australia (Peter Dodds McCormick)
"Great Southern Land" (Icehouse)

Road To WWE Night Of Champions: King And Queen Of The Ring. He or she who owns the gold makes the rules!
It's good to be King Of Content; King Kyle Media Connection: One Nation Australia

Road to WWE NXT Great American Bash: The Don To Defend

Google Cloud Summit Takes Over Darling Harbour, Sydney, Australia; Google A.I Sports!

Hancock Prospecting and X Corp/SpaceX Big Favs Of Aussie's Down Under

Aussie Politics: Battle Of The Billionaires: Team Bulldozer: Pauline/Musk with Reinhart vs Team Albo. Who Will Survive? And New?

Aussie Media Karl Takes The Beef To Nine; One Nation Australia Pauline Extends Olive Branch

Aussie King Kyle Fan Of One Nation; Right Man, Right Placel Right On Time

Aussie Truth Tellers In And Around Media vs Corp Media Liars

UFC Freedom 250: Fallout; Big Thumbs Up From Mostl: Road To UFC Baku Fight Night This Weekend

Past, Present And Future

June 2026

June 25

Markets

ASX 200 futures up 16 points/0.2%: 8810.
AUD -0.2% to US69.01¢

Bitcoin $61,691.98 -1.59%

Wall St:
Dow +0.4%
S&P -0.1%
Nasdaq -0.4%

VIX -0.86 to 18.63
Gold -2.9% to $US3998.88 an ounce
Brent oil -5.1% to $US73.16 a barrel
Iron ore +1.3% to $US98.65 a ton
10-year yield: US 4.39% Australia 4.76%

Numbers Double Check

Australian Dollar: $0.6900 USD (down $0.0020 USD)
Iron Ore: $98.65 USD (up $1.05 USD)
Oil Price (West Texas): $69.87 USD (down $3.18 USD)
Gold Price: $3,999.32 USD (down $111.62 USD)
Copper Price: $5.9850 USD (down $0.1400 USD)
Dow Jones: 51,848.90 (up 182.06 points)

Cryptos:

Bitcoin $61,633.56 -1.48%
Dogecoin: $0.07692 -2.18%
XRP: $1.0827 -1.14%

News (Aust)

ASX snaps four-day loss; tech stocks bounce

The Australian sharemarket posted a small gain on Wednesday, with the S&P/ASX 200 adding 0.2 per cent to close at 8,808.4 points. WiseTech Global rose 14.3 per cent to $32.86, Tasmea was up 6.9 per cent at $9.65 and CSL finished 2.6 per cent higher at $114.99. However, Ora Banda Mining was down 5.3 per cent at $1.16, Beach Energy fell 8.5 per cent to $0.86 and KMD Brands finished 4.6 per cent lower at $0.062. (Media Man Peg-On): What goes up must come down. Tick Tock, as pro wrestler Killer Kross would say" Choke hold on the way for some! Does WiseTech need a Wise Man? G'day WWE's resident wise man, Paul Heyman. Fantasy booking in the Aussie and U.S markets!

News (Australia)

Today show host Karl Stefanovic to leave Nine after Tommy Robinson podcast fallout

Nine Entertainment's senior executives held a series of crisis meetings yesterday to discuss the future of veteran TV personality Karl Stefanovic. The co-host of breakfast show Today has caused consternation within Nine's executive ranks since the launch of his self-titled podcast show, which is produced independently of Nine; however, while he was cleared to proceed with the podcast earlier in 2026, this week's interview with far-right British activist Tommy Robinson was deemed to have been inappropriate. Nine is believed to have decided to terminate Stefanovic's contract and will negotiate an exit deal, amid concerns that Today may face advertiser boycott in the wake of the Robinson interview. (Media Man Peg-On); Got to be more to this story. Truth tellers can upset and unsettle the establishment! Ex journo says and knows!!!!

Lead Up

News (Aust)

ASX falls as WiseTech sinks to five-year low

The Australian sharemarket recorded a modest loss on Tuesday, with the S&P/ASX 200 easing 0.3 per cent to close at 8,787 points. Fortescue was down 1.7 per cent at $19.27, Viva Energy Group fell 2.4 per cent to end the session at $2.08 and WiseTech Global shed 4.4 per cent to finish at $28.76 amid the new scandal that has embroiled executive chairman Richard White. However, the banking sector posted solid gains, with the ANZ Bank rising 1.4 per cent to $35.74. (RMS)

Sports Biz

NRL's V'landys nears record NZ broadcast deal

Sky Network Television has held the New Zealand broadcasting rights to National Rugby League matches for the last three decades. The Australian Rugby League Commission's chairman Peter V'landys and NRL CEO Andrew Abdo recently held talks with Sky executives, and sources have indicated that the pay-TV group is close to securing a new five-year deal. However, free-to-air rival TVNZ is also believed to have submitted a bid for the NRL rights. Meanwhile, V'landys met with Nine Entertainment chairman Peter Tonagh yesterday, as the ARLC seeks to finalise the new NRL rights deal in Australia; Nine and Foxtel are the current NRL broadcasters. (RMS): (Media Man Peg-On): Win-Win-Win would be a great outcome.

News

Mining (Aust)

Iluka signs $220m rare earths deal

Perth-based Ilula Resources has secured its first offtake agreement for light and heavy rare earths to be produced at its Eneabba refinery in Western Australia. Iluka will supply neodymium, praseodymium, dysprosium and terbium to a "globally recognised" car maker. The offtake agreement is initially for 1,200 tonnes of the rare earth oxides over four years; it will account for about 10 per cent of Iluka's expected production at the Eneabba refinery over this period. Iluka will receive a minimum price for the rare earth oxides, although it has not disclosed this price or identified the customer. (RMS) (Media Man Peg-On): More good news for Australian mining hey Gina at Hancock Prospecting. Friendly comp and mining wars for greater good. One Nation!

News Lead Up (Aust)

Investors snub ASX as money goes offshore

The benchmark S&P/ASX 200 Index has gained just 1.2 per cent so far in 2026; in contrast, the Nasdaq has risen by 14 per cent and Japan's Nikkei is up 43 per cent. Richard Schellbach from UBS says the ASX 200 looks unattractive and uncompetitive to global investors compared with other equity markets in the region, citing factors such as high interest rates and the effect of the federal government's budget tax changes on the property sector. Sebastian Mullins from Schroders says the high valuations of Australian shares makes the local bourse very expensive relative to corporate profits.

News Lead Up (Aust/Int)

June 22

Wall St buys into News succession

The majority of the Murdoch family-owned News Corporation's value can be attributed to its 61 per cent stake in real estate classifieds company REA. For the last decade, its REA stake has accounted for an average of 65 per cent of News Corp's market value, but REA's share price has dropped 47 per cent from its 52-week high on 20 August last year, causing the value of News Corp's stake to fall by almost $10 billion. REA's decline means that the sharemarket is now ascribing value to the rest of the News Corp empire, with analysts most excited about its Dow Jones unit. It seems that the so-called Murdoch discount may be narrowing, but it "is alive and well", with the question being if the next generation of the family is "sufficiently motivated to get rid of it". (RMS). (Media Man Peg-One): The first generation makes it, the 2nd generation spends it, the 3rd generation loses it?!

News

Sports Biz: NRL

Amazon in race for NRL as V'landys mulls splitting pay TV games

Sources have indicated that Amazon's Prime Video streaming service is interested in acquiring the broadcasting rights for up to two National Rugby League matches each week. The Australian Rugby League Commission's chairman Peter has indicated that he is open to NRL matches being split between several subscription video services, provided that the cost remains affordable for fans. The incumbent NRL broadcasters, Nine Entertainment and pay-TV group Foxtel, both want to secure the rights to all matches; Nine would show NRL on both its free-to-air channels and Stan Sport, while Foxtel would seek a sub-licencing deal with the Seven or Ten networks in order to comply with anti-siphoning laws. (RMS). (Media Man Peg-On): Pros and cons with spitting media rights between various platforms. Fan friendly elements vs bean counter money grabs!

Shares

TKO Holdings
$203.51
+0.81 +0.40%

Alphabet Inc Class A
$345.28
-0.81 -0.23%

Netflix
$71.84
-0.98 -1.35%

Paramount Skydance Corp
$9.75
+0.036 +0.36%

News Lead Up (Australia)

News (Aust)

(ICYMI)

Gina Rinehart bets $1.4 billion on Musk with record SpaceX stake

Gina Rinehart's Hancock Prospecting has bought a $US1 billion ($1.4 billion) stake in rocket and satellite company SpaceX. It represents Hancock Prospecting's biggest investment outside of iron ore, with Rinehart claiming that the Elon Musk-owned company is a further example of "why the world needs more enterprise, more builders and much less bureaucracy". Hancock Prospecting's investment in SpaceX adds to a portfolio that includes stakes in Liontown Resources, Azure Minerals and Tesla. (RMS). (Media Man Peg-On): Let's Go Team Gina w Musk. To The Moon, Mars and Beyond! Fish 'N Chips Rocket Express! : ) Islands In The Stream! Aussie Barbarella meets Gold movie and Mission To Mars. The Galaxy is your Oyster. Take off down under in Australia maties! Time for a new captain in Canberra right Peter Gravy. Getting inside here ... Operation Golden Red Fish meets Rocket Man and Mrs Miner. Winning! Gonzo Truth News!

News Lead Up

(ICYMI)

SpaceX IPO Nears, Pushing Elon Musk Toward Trillionaire Status

SpaceX plans to price shares at $135 each on Thursday, valuing the company at $1.77 trillion and raising up to $75 billion in the largest IPO ever, with trading possibly starting Friday on Nasdaq under SPCX. Musk's 42% stake would be worth $740 billion to $866 billion, combined with his $300 billion-plus Tesla holdings pushing his net worth over $1 trillion according to Forbes and Bloomberg estimates. Prediction markets give 96% odds he'll be the first trillionaire by year-end, amid X users celebrating employee windfalls and free markets while others decry economic inequality, with jokes about Musk's riches flying alongside analyst cautions on risks. (Media Man Peg-On): To the Moon, Mars and Beyond. Real Life Iron Man Musk firing on all cylinders. Investors getting stars in their eyes?! Record Breaking Rocket Man!?

News

Gaming/UFC

EA Sports UFC 6 Revives Open Weight Class Selection for Ranked Matches

EA Sports UFC 6 restores open weight class selection in Prospect ranked ladder placement matches, letting players choose divisions freely just weeks before the June 19 launch on PS5 and Xbox Series X|S. The feature, a hit in the first three games, was dropped in UFC 4 and 5 for rotating classes but returns alongside revamped fighter ratings and Flow State perks to mix up matchups. Streamers like Liam Healy hail it as a game-changer, though some note potential matchmaking issues in lighter divisions and lament the lack of PC support at launch. (Media Man Peg-On): The best of both worlds. Ground and pound and strike action. Take down your gaming store today, in a fun and friendly way. Road To The White House and beyond!

News

(ICYMI)

News

Heavy Industry News

Mack Trucks wins Media Man 'Truck Manufacturer Of The Month' award

Caterpillar wins Media Man 'Heavy Equipment Manufacturer Of The Month' award

Bingo Industries wins Media Man 'Construction Brand Of The Month' award

Elders wins Media Man 'Agribusiness Of The Month' award

Landman wins Media Man 'Streaming Series Of The Month' award (Oil/mining industry based story via Paramount Plus)

Hancock Prospecting wins 'Mining Co Of The Month' award; Runner-up: Rio Tinto

News

Netflix wins Media Man 'Streaming Service Of The Month' award; Runner-up: YouTube

Google wins Media Man 'Search Engine Of Month'

News

Gold Movie

Gold is a 2016 American epic crime drama film directed by Stephen Gaghan and written by Patrick Massett and John Zinman. The film stars Matthew McConaughey, Édgar Ramírez, Bryce Dallas Howard, Corey Stoll, Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce Greenwood. The film is loosely based on the true story of the 1997 Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia; however, for legal reasons and to enhance the appeal of the film, character names and story details were changed.

Trailer

Gold (YouTube Movies and TV)
https://youtube.com/watch?v=yc0S96OZhi0

Gold is the epic tale of one man's pursuit of the American dream, to discover gold. Starring Oscar® winner Matthew McConaughey (Interstellar, Dallas Buyers Club, The Wolf Of Wall Street) as Kenny Wells, a modern day prospector desperate for a lucky break, he teams up with a similarly eager geologist and sets off on an amazing journey to find gold in the uncharted jungle of Indonesia. Getting the gold was hard, but keeping it would be even harder, sparking an adventure through the most powerful boardrooms of Wall Street. The film is inspired by a true story.

News Flashback

Early 2026

January and March

Streaming Wars

The "Streaming Wars" refers to the intense competition among digital media platforms to dominate the subscription video-on-demand (SVOD) market by capturing and retaining global audiences.

As of early 2026, the landscape has shifted from a period of rapid expansion into a phase of major consolidation and a focus on profitability over subscriber volume.

The "Winner" and Current State (2026)

Netflix Dominance: Industry analysts increasingly cite Netflix as the victor. In January 2026, Netflix reported 18% year-over-year revenue growth and is currently pursuing a high-stakes $83 billion all-cash acquisition of Warner Bros. Discovery’s studio and streaming assets (including HBO/Max).

The "Big 3": Despite fierce competition, the market is primarily dominated by Netflix, Amazon Prime Video, and Disney+.

YouTube's Rise: Some experts argue YouTube is the true winner of the broader attention economy, surpassing traditional streaming services in total viewership by pivoting back to user-generated content.

Key Strategies in 2026

Consolidation: Smaller or struggling services are being shuttered or merged. For example, Disney recently shut down Hulu as a standalone service.

Monetization Shifts: Platforms have moved away from "growth at all costs" to strategies like password-sharing crackdowns, ad-supported tiers, and price hikes.

Live Sports & Events: Services are increasingly bidding on live sports rights (e.g., Netflix hosting WWE's Raw starting in 2025) to differentiate their offerings.

Bundling: To combat "subscription fatigue," platforms are forming strategic partnerships with telecommunications companies and banks to offer bundled service hubs.

Consumer Impact

Price Hikes: Many consumers are canceling services due to rising costs; over 40% of Americans cited price as their primary reason for unsubscribing in late 2025.

Resurgence of Piracy: Fragmented content and high costs have led to a significant comeback for pirate sites, which some users now find more comprehensive than paid services.

"South Park: The Streaming Wars": The term was popularized in mainstream culture by a 2-part South Park special released on Paramount+ in 2022, which satirized the industry's aggressive competition.

News/Profile

Hancock Prospecting Pty Ltd

Hancock Prospecting Pty Ltd (HPPL) is a privately owned Australian mineral exploration and agriculture company headquartered in Perth, Western Australia. As of 2026, it is recognized as one of the most successful private companies in Australian history.

Leadership and Ownership

Executive Chairwoman: Gina Rinehart AO, who has led the company since 1992.

CEO: Garry Korte.

Ownership: The company is owned by Gina Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

Major Mining Operations

The company has transitioned from a prospecting firm into a major global miner, with primary interests in the Pilbara region:

Roy Hill: A flagship mega-project and Australia’s largest single iron ore mine, producing 60–70 million tonnes annually.

Hope Downs: A 50/50 joint venture with Rio Tinto, comprising four open-pit mines with a capacity of approximately 47Mtpa.

Atlas Iron: Acquired in 2018, it operates the Mount Webber, Sanjiv Ridge, and Miralga Creek mines.

Hancock Iron Ore: A new entity formed in July 2025 to consolidate Roy Hill and Atlas Iron operations.

Diversification and Strategic Investments

Under Rinehart’s leadership, the company has expanded significantly into other sectors:

Agriculture: Hancock is Australia's second-largest beef producer, owning over 25 properties including the iconic S. Kidman & Co. It also owns 50% of Bannister Downs Dairy.

Critical Minerals: Major stakes in lithium (Liontown Resources, Azure Minerals, Vulcan Energy) and rare earths (Arafura Rare Earths, MP Materials, Lynas Rare Earths).

Energy: Significant interests in oil and gas through Warrego Energy and Senex Energy.

International Ventures: In January 2026, the company signed a gold exploration license agreement with Saudi Arabia's state-owned miner, Ma’aden.

Current Events (January 2026)

Australia Day Sponsorship: The company is the principal partner for the 2026 Hancock Prospecting Australia Day celebrations in Perth.

Helipad Proposal: In December 2025, the City of Perth refused the company's proposal to build a helipad at its West Perth headquarters.

Financial Performance: For the 2025 fiscal year, the company reported a profit of AU$3.08 billion.

History

The company was founded on November 25, 1955, by Lang Hancock, who is credited with discovering the world's largest iron ore deposit in 1952. When Gina Rinehart took over following his death in 1992, the company was in a precarious financial state with significant debt.

News

Gold (1974)

Gold is a 1974 British action-thriller directed by Peter R. Hunt, starring Roger Moore and Susannah York. Based on the 1970 novel Gold Mine by Wilbur Smith, the film is set in the South African goldfields and follows a conspiracy by a global syndicate to manipulate the price of gold by sabotaging a rich mine.

Plot: Rod Slater (Moore), a newly appointed general manager, is manipulated by his boss, Manfred Steyner (Bradford Dillman), into drilling through a protective barrier into a subterranean lake. This is intended to flood the mine, causing a global gold shortage and driving up prices for a greedy cabal.

Production Controversy: The film was controversially shot on location in South Africa during the apartheid era. This led to a "black ban" by British film unions, though some crew members defied it to work on the production.

James Bond Connection: Many crew members were veterans of the James Bond franchise, including director Peter Hunt (On Her Majesty's Secret Service), editor John Glen, and title designer Maurice Binder.

Accolades: The film received an Academy Award nomination for Best Original Song for "Wherever Love Takes Me," composed by Elmer Bernstein and sung by Maureen McGovern.

Cast & Crew

Rod Slater: Roger Moore

Terry Steyner: Susannah York

Hurry Hirschfeld: Ray Milland

Manfred Steyner: Bradford Dillman

Farrell: John Gielgud

Director: Peter R. Hunt

Music: Elmer Bernstein

Availability in 2026

As of 2026, the film is available through several formats and platforms:

Streaming: Accessible on Prime Video, Tubi, and Roku devices.

Physical Media: High-definition restorations are available on Blu-ray and DVD from Kino Lorber and 88 Films

News

Pop Culture

"Gold" (Spandau Ballet)

"Gold" is a signature 1983 hit by the British New Romantic band Spandau Ballet, written by Gary Kemp.

Lyrics

Thank you for coming home I'm sorry that the chairs are all worn I left them here, I could have sworn These are my salad days Slowly being eaten away Just another play for today Oh, but I'm proud of you, but I'm proud of you

Nothing left to make me feel small Luck has left me standing so tall

Thank you for coming home I'm sorry that the chairs are all worn I left them here I could have sworn

These are my salad days Slowly being eaten away Just another play for today Oh but I'm proud of you but I'm proud of you

Nothing left to make me feel small Luck has left me standing so tall

Gold (gold)

Always believe in your soul You've got the power to know You're indestructible Always believe in

'Cause you are

Gold (gold)

Glad that you're bound to return There's something I could have learned You're indestructible Always believin'

Oh after the rush has gone I hope you find a little more time Remember we were partners in crime It's only two years ago

The man with the suit and the face You knew that he was there on the case Now he's in love with you he's in love with you

My love is like a high prison wall But you could leave me standing so tall

Gold (gold)

Always believe in your soul You've got the power to know You're indestructible Always believe in 'Cause you are

Gold (gold)

Glad that you're bound to return There's something I could have learned You're indestructible Always believin'

My love is like a high prison wall And you could leave me standing so tall

Gold (gold)

Oh always believe in your soul You've got the power to know You're indestructible Always believe in 'Cause you are

Gold (gold)

Glad that you're bound to return Something I could have learned You're indestructible Always believin'

Songwriter: Gary James Kemp

Spandau Ballet - Gold (HD Remastered)
https://youtube.com/watch?v=ntG50eXbBtc

Official video of Spandau Ballet performing 'Gold' from their 1983 third album 'True'.

Gary Kemp wrote both the music and lyrics; the song was produced by the partnership of Steve Jolley and Tony Swain. The music video was filmed on location in Carmona, Spain and directed by Brian Duffy. The video featured Sadie Frost as a gold-painted nymph, in one of her earlier roles. Some parts of the music video were also filmed in Leighton House, which was also used in the video for "Golden Brown" by The Stranglers.

Spandau Ballet are one of Britain’s great iconic bands having sold over 25 million records, scored numerous multi-platinum albums and amassed 23 hit singles across the globe since their humble beginnings as a group of friends with dreams of stardom in the late 1970s. It wasn’t long before they became fully-fledged members of the iconic Blitz Club scene and established themselves as one of the super-groups of the 80s.

The band's classic line-up features brothers Gary and Martin Kemp on guitars, vocalist Tony Hadley, saxophonist Steve Norman and drummer John Keeble.

Spandau Ballet’s hits include Gold, True, To Cut A Long Story Short, Through The Barricades and many more.
News

The Australian Financial Review wins Media Man 'Newspaper Of The Month' award

Roy Morgan wins Media Man 'News Services Business Of The Month' award

Sky News Australia wins Media Man 'Australian Media Outlet Of The Month' award

WWE wins 'Wrestling Promotion Of the Month' award; Runner-up: Lucha Libre AAA Worldwide

Netflix wins Media Man 'Streaming Service Of The Month' award; Runner-up: YouTube

News

Pop Culture Dream Matches: Fantasy Booking

Media Man Series

Team Trump def Team Left
Dana White def Naysayers
Sydney Sweeney def critics
Pauline Hanson def critics
SpaceX def everyone
Mr NXT vs Mr AEW
Conor McGregor vs critics
Sten Lee (Marvel) vs DC Comics (Team Warner)
Mr Netflix vs Mr Paramount
Mr YouTube vs Mr Rumble
Mr Meta vs Mr Bluesky
Mr Crypto vs Mr NWO
Mr Toyota vs Mr Porsche
Mr Citizen Journalism vs Mr Newspaper Rag
Tony D'Angelo vs Mr EVIL - NXT (Great American Bash) - June 28
Seth Rollins vs Bron Breakker - WWE Night of Champions - June 27
WWE vs everyone - WWE Satuday Night's Main Event - July 18 - Madison Square Garden, NYC
Aussie Karl and Aussie Kyle vs Nine and Mainstream

Best Quotes

"I've never met a currency I didn't like" JBL

"What's your hustle" Paul Heyman

"Just in any job, if you want to get ahead, take shorter lunch breaks, be happy to stay later, do the work, and finish it off well" Gina Rinehart

"Everyone you meet knows something you don't" Fred Schebesta

Media Man

 

Markets, Cryptos and Culture

June 1, 2026

Wall Street, New York - Sin City, Sydney, Australia

"The Wall Street Shuffle" (10cc)

Big Week In Store For Markets, Streaming Biz, Combat Sports; Ripple Effect! Bulls vs Bears continued

UFC Macau Very Solid, WWE Clash In Italy: Strong Show and Lucha Libre Noche de Los Grandes Over-delivers with Mask vs Mask Modern Classic/Match Of The Year Contender!

WWE RAW Upcoming: Clash In Italy Aftermath and Road To UFC Freedom 250; Wrestling With Numbers And Creative

WWE's Logan Paul

"Logan Paul knows better than anyone, this ain't ballet" Paul Heyman, re Paul injury

Digital Bush Telegraph

Australia and Wall St Continues To Ring Bells

Markets

June 1 (Aust)

ASX futures down 13 points or 0.2%: 8737

AUD +0.1% at US71.70¢

Bitcoin $73,108.05 -1.16%

Dow +0.7%
S&P +0.2%
Nasdaq +0.2%
Gold +1.0% to $US4540.26 an ounce
Brent oil -1.7% at $US91.12 a barrel
Iron ore -0.1% at $US105.20 a ton

News (Australia)

Australian Dollar: $0.7168 USD (up $0.0005 USD)
Iron Ore: $105.20 USD (down $0.10 USD)
Iron Ore : $105.15 USD (up $0.07 USD)
Oil Price (West Texas): $87.36 USD (down $1.36 USD) Gold Price : $4,539.76 USD (up $43.78 USD)
Copper Price): $6.3940 USD (down $0.0275 USD)
Dow Jones: 51,032.46 (up 363.49 points)

News

ASX eyes lower open as investors await RBA speeches

Futures for the S&P/ASX 200 Index indicate a 0.1 per cent fall on Monday, following the strongest rally in nearly two months on Friday. The week ahead will see a number of speeches from senior Reserve Bank officials, with investors hoping they will provide a view as to the interest rate outlook, while 'stop-start' efforts by Iran and the US and Washington to extend their ceasefire and reopen the Strait of Hormuz will again continue to dominate the market outlook. (RMS)

News

Advertising/Media/Sports/Betting

'Immoral': Labor gambling ad limits rubbished

The federal government has been attacked for not implementing key recommendations of an inquiry into sports wagering advertising; the inquiry was led by the late Labor MP Peta Murphy and called for a total ban on gambling advertising. New draft laws released by the government on Friday call for gambling advertisements to be limited to three per hour, but they will still be allowed after 8.30pm. Prominent anti-gambling advocate Tim Costello says the idea that all children will be in bed by that time during the weekend when a sporting event is on defies logic. He says the government should resist claims that a ban on gambling ads will hurt free-to-air TV, with Costello claiming that it will soon end as a result of competition from streaming, and to that to allow it to operate a little longer so that children can be groomed by gambling ads is "immoral". (RMS)

News

Industry/Resources (Australia)

Bidders for Whyalla steelworks offer a stark choice of global experience versus local ambition

A consortium led by Matt Latimore's M Resources and Indian firm Jindal Steel and Power are the two final short-listed bidders for Whyalla steelworks, although BlueScope still retains the right to make a last-minute bid. Jindal can claim to have an advantage over Latimer in terms of its experience in running and operating steel mills, although M Resources will likely acquire that expertise via potential future consortium partners POSCO and JSW Steel. Jindal does not have a very good record in Australia, with its only major local operation having been Wollongong Resources, which operated coal mines at Russell Vale and Wongawilli. Both mines were mothballed in early 2024, with the loss of more than 200 jobs, after safety regulators ordered the closure of the Russell Vale mine after five underground fires in just a short periof of time. (Roy Morgan Summary)

News

Gaming/Tech Biz

Pokies company Ainsworth writes off $13.2m investment in alleged 'pyramid scheme'

Australian poker machine manufacturer Ainsworth Game Technology has lost a $13.2 million investment in an Argentinian fintech company called Wenance, with the company having been declared bankrupt. Its CEO Alejandro Muszak was arrested in 2024 amid fraud allegations facing Wenance, while there are claims that it operated a Ponzi scheme. With Ainsworth Game Technology having recently forecast a profit before tax of just $1m for the six months ending 30 June, the news that it has lost its $13.2 million investment in Wenance is unlikely to please its shareholders. (RMS)

Cryptos

XRP $1.3079 -2.10

DOGE $0.09976 -0.99%

Bitcoin Cash $292.91 -4.10

News

Gold News

Again, technical factors are saving gold from the drop

Gold fell below $4,400, reaching levels last seen during the prolonged March decline. At its intraday low, the price dipped below the 200-day moving average. Buyers have repeatedly stepped in around this level over the past three years. The last week of May was no exception. Beyond purely technical factors, the precious metal was supported by positive signals from the US-Iran front and an encouraging equity market rally, which boosted risk appetite.

The key difference between the current rally from $4,400 to levels above $4,500 and the one in March is that gold no longer appears heavily oversold, and market conditions appear much more balanced. A break below this level could open the way to the $4,000–$4,100 range. However, if selling pressure intensifies, the decline could prove much deeper, down to $3,400.

Although we find it hard to believe in the sustainability of the current rebound, it is still worth acknowledging that the market may get stuck near current levels, gathering strength after the downward momentum, which could take anywhere from a couple of days to a week. An even more optimistic – and even less likely – scenario involves a bullish breakout above the 50-day moving average at $4,630, which would put an end to the recent months' downtrend and restore a long-term bullish bias. (FxPro)

News Lead Up

The crypto market is juggling altcoins

Market Overview

The crypto market remains stagnant, stuck at $2.57T and hovering around the 50-day moving average, awaiting further signals. The crypto market’s overall sideways movement looks like a juggling act for mid-tier altcoins: one after another takes the lead. Among the most popular coins over the last 24 hours are NEAR Protocol (+14%), The Graph (+5.6%) and Toncoin (+4.5%). The underperformers were Zcash (-5.9%), Dash (-4.1%) and Uniswap (-3.1%).

Bitcoin rose to $77.8K at the end of the day on Monday, but by the start of trading in Europe, it was trading $1,000 lower. The coin is finding support near the upward-sloping 50-day moving average. Earlier in May, the 200-day moving average briefly acted as strong resistance. If current trends continue, these lines will cross in just a couple of weeks, forming a golden cross, a strong bullish signal. But even before that, we may see a breakout of one of the key moving averages, the outcome of which will determine the trajectory of Bitcoin and the entire crypto market for the coming weeks.

News Background

Institutional investors have withdrawn $1.74 billion from Bitcoin ETFs over the past two weeks. Meanwhile, retail traders are increasing their leverage in anticipation of a reversal in the BTC price. In the past, such a combination has repeatedly resulted in severe waves of liquidations, warns CryptoOnchain.

Current Ethereum levels are suitable for building long-term positions, according to MN Trading founder Michael van de Poppe. In his view, the asset remains a crucial infrastructure element of the on-chain ecosystem, despite lagging the market in recent months due to macroeconomic factors.

The US Securities and Exchange Commission (SEC) has approved the listing of options on a Bitcoin index calculated based on BTC prices across multiple exchanges. This is the first such instrument on US stock exchanges currently; only options linked to the value of spot crypto ETF shares are traded there.

Strategy skipped its weekly Bitcoin purchase last week, instead buying back $1.5 billion of its own convertible bonds. The company’s founder, Michael Saylor, publicly revealed for the first time the tactic that Strategy has been using for five years. (FxPro)

News Lead Up

May 25

Bitcoin is shy to move up, but refuses to fall

Market Overview

The crypto market continues to fluctuate, returning for the third time this week to market capitalisation levels around $2.57T, although at the end of last week it dipped to $2.5T following an earlier surge to $2.7T in May. Over the past 24 hours, the top-performing coins have been Near Protocol (+7.3%), Internet Computer (+4.1%) and Toncoin (+3.4%). Uniswap has seen the biggest decline, falling by 1.6%, whilst Bitcoin Cash and Litecoin have each lost 1%.

Bitcoin fell to $74.3K on Saturday but was trading just above $77K by Monday. Its price movements remain very subdued, with no sharp spikes, and it continues to lag behind stock indices, which are climbing towards all-time highs. On the other hand, the trend of buying on dips is also clearly continuing. The 50-day moving average remains a support level, but buyers are wary of accelerating their purchases. They are likely somewhat put off by the lack of a ‘final capitulation’ in the leading cryptocurrency, which could have brought the bear market to an end.

News Background

Outflows from US spot Bitcoin ETFs have continued for a second week, following six weeks of inflows. According to SoSoValue, net weekly outflows from spot BTC ETFs rose to $1.26 billion, hitting their highest level since late January. Total inflows since the approval of Bitcoin ETFs in January 2024 have fallen to $57.08 billion (-2.2% for the week).

Outflows from US spot Ethereum ETFs have also persisted for two consecutive weeks. Net weekly outflows from ETH ETFs fell by $216 million. Total net inflows since the ETF's launch in July 2024 have fallen to $11.62 billion (-1.8% week-on-week).

Weakening retail demand and outflows from crypto ETFs could be a ‘contrarian indicator’ signalling a buy signal for Bitcoin, according to Santiment.

Bitcoin miners remain cautious and are not yet showing confidence that the bear market phase is over, CryptoQuant notes. Miners continue to reduce their reserves of the leading cryptocurrency, as they do not yet see sufficient grounds for active BTC purchases.

The media corporation Trump Media and Technology Group transferred 2,650 bitcoins from the project’s crypto wallet to the http://Crypto.com exchange. The transaction suggests a desire to sell BTC, Arkham Intelligence speculated. The deal will be a loss-maker, as the average purchase price of the coins exceeded $118K.

Billionaire Mark Cuban has sold 80% of his bitcoin holdings and stated that he has lost faith in bitcoin as a safe-haven asset. According to him, he continues to hold Ethereum, placing more trust in this altcoin than in BTC. (FxPro)

News (120 + Hours Ago)

Silver And Gold

Silver caught in a price trap

After a long period of calm, volatility has returned to the silver market. Silver surged to a two-month high, rallying more than 20% from its May lows in just a week. However, concerns over tighter monetary policy and rising bond yields have since put pressure on prices.

Of course, the current fluctuations cannot be compared to what we saw in January, when a 35% drop occurred in a single day. Investors felt that the rally had gone too far. However, the situation does not yet look like a classic bubble burst, as silver prices are still 130% higher than a year ago, which is suppressing global demand. UBS estimates a 50 million-ounce decline this year, allowing the bank to lower its price forecast from $100 to $85 per ounce by the end of the second quarter.

High prices are forcing not only jewellers but also industrialists to seek alternatives for silver. There has been some success in replacing it with copper in the manufacture of solar panels. This sector accounts for a fifth of global supply. Due to the fall in global demand, the 46.3-million-ounce deficit forecast by the Silver Institute for 2026 may prove smaller, putting pressure on the price per ounce.

Silver is also facing weaker investment demand. Rising global bond yields and a stronger US dollar are putting pressure on the metal. UBS reports that speculative interest has fallen sharply, while silver ETF holdings have dropped by 70 million ounces since the start of the year, to 794 million ounces.

De-escalation in the Middle East could turn the tables. Oil, the US dollar and Treasury yields would fall, which would be positive for silver. However, as long as the Strait of Hormuz remains blocked, it remains under pressure.

The silver market is relatively small compared to gold, which makes it more vulnerable to speculative trading. This often leads to sharper price moves in both directions. (FxPro)

News

(ICYMI)

Conor McGregor Rematches Max Holloway at UFC 329

UFC 329 on July 11 at T-Mobile Arena headlines with this welterweight rematch during International Fight Week, airing live on Paramount+. McGregor, 22-6 and last fighting in 2021 after a tibia fracture, meets Holloway, 27-9, in his welterweight debut—the ex-featherweight champ aiming to make a statement. Trash talk flew fast: McGregor promised to 'son' Holloway again, while 'Blessed' fired back demanding respect on his name. Early odds favor Holloway at -500 amid McGregor's ring rust.

The Lead Up

TKO Neg With Talent/Wrestling With Numbers And Contracts; If The New Price Is Right Mr Wrestling and Ms Wrestling; Mr Corbin aka Mr Lucky enjoying strong buzz: Join the dots; Mr Kross Of WSW and MLW Enjoys Strong Mega Buzz In Australia and Globally: World Series Wrestling, Belt Collector! WSW YouTube Is Updated!

UFC MMA and U.S Admin Mix It Up With Fighters Visiting White House; Patriots Well Received In And Around Oval Office; Present Trump Gets Welcome Image Revamp Of Sorts; Keeping The Wars In The Octagon!

Legendary WWE Tag team Rumored To Return To Roster; No Names/Spoilers - Join The Dots .. And You Can't Beat That ... Ok, Not . S.A.W.F.T ... Hard On The Mic + +

Red Turns To Green And Gold!

News Flashback

Netflix MMA Debut Peaks at 11.6 Million U.S. Viewers with Rousey Win

On May 16 at Los Angeles' Intuit Dome, MVP's triple-main-event card averaged 9.3 million U.S. viewers and peaked at 11.6 million during Rousey's featherweight submission over Carano, topping the prior MMA high from 2011. Other highlights included Mike Perry's corner-stoppage win over Nate Diaz and Francis Ngannou's first-round knockout of Philipe Lins, drawing star power from fighters like Rousey and Ngannou. Promoters Jake Paul and Nakisa Bidarian celebrated the global reach and 410 million social impressions, though podcaster Brendan Schaub questioned the figures and off-cage drama saw Claressa Shields banned after a VIP-area altercation with Alycia Baumgardner. (Media Man Peg-On): Are the numbers and biz model sustainable? Perhaps only if Netflix keeps green lighting them. Is there a return on investment if you are Netflix? Insiders and outsiders continue to debate broadcast!

News

Pop Culture Ref: "The Wall Street Shuffle" (10 cc)

LinkedIn b2b Business Continues To Lift For Media Man Group and Associates

News (ICYMI)

Dana White, UFC Power, Makes Front Cover Of Time: The Promoter!

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 Offer Positive Vibes To US Admin Re Ali Act Amendment; Counter Punch by some competitors; WWE RAW: Clash In Italy Fallout and Road To UFC Freedom 250

TKO Prez Mark Shapiro Admits Back To Back WrestleMania's In Sin City Las Vegas May Have Been Mistake; Will Return To City To City Strategy, No Repeat City's For WrestleMania In Future

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

News

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

Media Man LinkedIn and X Up; WWE Clash In Italy Aftermath To Hit WWE RAW and Road To UFC Freedom 250

Google/Alphabet: Bullish!

May 31, 2026 (U.S)

Markets

Coffee 265.60 -8.65

Cocoa 3823.00 -176

Sillicon 8620.00 +205.00

Silver 75.755 +0.501

Beef 349.70 +0.45

World Container Index 2800.00 +88.00

Newsfeed

News Lead Up

248 + Hours Ago

BTC/Cryptos

Bitcoin hits the pause button at $80K

Market Overview

The crypto market capitalisation has stalled at around $2.70 trillion, reflecting Bitcoin’s indecision around $80,000. At the same time, risk aversion is mounting in global markets, which can be easily linked to profit-taking following the rally and the US dollar's upward momentum. Among the top coins, the leaders over the past day were Theta (+8.5%), Toncoin (+4.9%) and NEAR Protocol (+2.1%). The underperformers were Dash (-4.2%), Official Trump (-3.5%) and Zcash (-3.5%). Full coverage via FxPro. (FxPro). (Media Man Peg-On): Can we call Michael Saylor the "King Of Bulls". Awesome PR machine and LinkedIn buzz. Join the dots!

News

Media Man with Cafe News Media Watercooler

Beer killer? Rise of the vodka RTD

Gold Coast-based drinks maker Hard Fizz emerged at around the time of the pandemic, while the ready-to-drink canned beverage market boomed after the pandemic. Hard Fizz originally focused on alcoholic seltzer drinks, but it is now switching to vodka-based canned drinks, with CEO Wade Tiller saying the change is because you are more limited with flavour when you use seltzer. Hard Fizz's seltzer sales have slumped over the past year, at a time when there is a broader consumer shift to RTDs, while vodka-based light RTDs account for 75 per cent of Australian RTD sales. (RMS)

News

oOh!media rejects $770m offer, triggers bidding war

The board of listed outdoor advertising group oOh!media has advised that it is open to further takeover approaches after spurning two suitors. The company has indicated that it assessed both offers and deemed that neither reflected its intrinsic value. US-based private equity firm I Squared Capital had offered $1.45 per share, valuing its bid at $770m; it had trumped a previous offer from Pacific Equity Partners of $1.40 per share. Brian Han from Morningstar says the rejection of both offers means that oOh!media's directors have effectively put up a 'for auction' sign. (RMS)

News

Current

Shares

TKO Group Holdings Inc

$205.18

+2.31 +2.31%

Alphabet Inc Class A

$376.43

-2.51%

Meta Platforms Inc
$632.51
-0.44%

Netflix Inc
$86.02
-0.39%

Wynn Resorts Ltd
$101.22
-0.32%

MGM Resorts International
$43.67 +1.72%
NVIDIA Corp

$211.14
-1.45%
News

(ICYMI)
Wrestling/WWE/Combat Sports

Logan Paul Reveals Gnarly Scar After Triceps Tear in WWE Title Defense
During Saturday Night's Main Event, Paul and Austin Theory defended their championships against the Street Profits when Paul tore his triceps on a dive from Angelo Dawkins. WWE confirmed the injury on Raw, with a six-month recovery timeline, though Paul joked he'd return in weeks fueled by his PRIME shake. He underwent surgery soon after, posting graphic operating room selfies and calling the scar an 'uncrustable' edge, earning praise for his toughness from fans and wrestlers alike. (Media Man Peg On): Much respect to LP. The wrestlers wrestlers, akin to the late, great, Harley Race. LP to return with a veneange. Austin Theory and Bron keeping The Vision flag aloft. Dawkins Dawg may get bit?! LP bite worse than considerable bark. Size of the fight in the dog, right creative mastermind Michael Hayes.

News

Roman Reigns Retains Title in Brutal Tribal Combat at WWE Clash in Italy

WWE's first show in Italy drew 12,000 fans on May 31, with most champions holding strong in five title matches streamed on Netflix and ESPN. Cody Rhodes pinned Gunther amid controversy over a foot on the ropes, Rhea Ripley beat Jade Cargill after Charlotte Flair's help and dedicated the win to her Italian grandparents, Brock Lesnar returned to crush Oba Femi, and rising star Sol Ruca upset Becky Lynch for the Women's Intercontinental title. The main event saw Reigns outlast Fatu in a 27-minute no-DQ war, followed by a tense staredown with Rhodes.

News

(ICYMI)

MGM Vegas

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

Big Tech

(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

(Rey Mysterio is new AAA GM); JBL May Challenge!

Pop Culture/Lucha Libre

Mask vs Mask. El Grande Americano's Make History In Mexico May 30, 2026; Match Of The Year Buzz!

Sports News Lead

UFC - MMA Building Stars Again; SS King Of Division, Substance And Hype; Yan UFC Bonus; Dana White Inks McGregor for UFC 329; Road To UFC Freedom 250

New York Kind Of Feeling

US Stocks - Black-ish Friday again?

WWE RAW Upcoming: WWE Clash In Italy Fallout!

Road To WWE Money In The Bank (for some)

Google/Alphabet vs The Others

X vs The Others

Sports Biz Event Tickets And Merch Drive

Danhausen Lifts WWE Merch Hausen

News

Media Man Group Weekly Series

Pop Culture Dream Matches

Oba Femi vs Brock Lesnar - Rematch - Clash in Italy - Future Rubber Match?! WWE SummerSlam?

New Blood vs New Day vs Old News

GCW Bloodspot vs The Others

MGM Wrestling vs Atlantic City

Mr UFC vs Upstart MMA's

Bam Bam vs Time

Mankind vs IWC

UFC vs Outlaw Mud Shows

MVP vs Weekend Warriors

WBD Wrestling vs Own Goal

Mr Dingo Driver vs Dingo Warrior

New School vs Old School

Paul Heyman and Son and MGM Gamification vs others!

PopWrecked vs Karen

Studio97 vs others: Catfight Rules!

FHM vs MAXIM

x AI vs others!

T. Abbott (Aust) and P. Hanson vs Wokes

Rousey and Gina vs Critics

Ali vs self

The Man In The Arena vs self

Netflix vs Paramount Plus vs YouTube - 3 Way Dance! Special Ref: Easy E. Share The Love!

Ultra A.I vs Human Full Bloods

Extreme Swimming vs Traditional Swimming

Ex Machina vs Cave Man

Rudos vs Technicos (Lucha Libre AAA Worldwide)

Killer Kross vs All; KK The Belt Collector!

Mr News vs Mr VOX *That's with a V, not FOX)!

FOX vs The Hare: Fox And The Hound! Re-match. NYC Rules!

News

Best Quotes Of The Day

"What's your hustle" Paul Heyman

"I've never met a currency I didn't like" JBL

"Everyone you meet knows something you don't know" Anon/Mr Crypto Castle

"An investment in ones self is always the best bet" Greg Tingle, Media Man Group

"The consumer and fans decide what and who is the best" Greg Tingle, Media Man Group

"More often than not it pays to be Google friendly" Greg Tingle, Media Man Group (repeated at Google Search Central Live, Sydney, Australia)

Media Man