Grafa News and Videos — Page 534

BlueScope Steel (ASX:BSL) reported a FY26 underlying EBIT of $1.27 billion, driven by stronger US spreads.

Meta (NASDAQ:META) deactivated 756,000 underage accounts as platforms navigate Australia's nationwide under-16 social media ban.

Treasurer Jim Chalmers rejected One Nation policies that propose early superannuation access and a 130,000 annual migration cap.

• eToro’s acquisition of TradeZero highlights a broader shift toward crypto and stock market integration.
• Exchanges are expanding beyond cryptocurrencies into tokenised stocks, equities, and multi-asset trading platforms.
• Regulation and licensing remain the biggest barriers to this next phase of digital asset expansion.

• Cisco Systems (NASDAQ:CSCO) reported FY 2026 revenue of $63.3 billion, up 12%, as AI infrastructure orders reached $9.3 billion.
• Arista, HPE, Dell and Ciena are also reporting higher networking or AI infrastructure sales as data-center spending expands.
• The next phase depends on sustained AI infrastructure demand, product execution, supply availability and competition across networking architectures.

• Grayscale has withdrawn three crypto ETF applications, putting the spotlight back on the next wave of token approvals.
• The strongest comparable assets are Solana, XRP, Litecoin, and Ethereum, which remain central to ETF and institutional access discussions.
• The biggest challenge remains regulatory approval standards and how the US SEC evaluates different crypto assets.

• Super Micro Computer (NASDAQ:SMCI) reported fiscal Q4 2026 net sales of $11.1 billion, up about 91% year over year, driven by demand for AI server infrastructure.
• The company reported net income of $1.18 billion, a gross margin of 17.5%, and fiscal 2026 sales of $39.1 billion.
• AI infrastructure companies are expanding production capacity while managing supply constraints, capital requirements, and demand for high-performance computing systems.

• The Reserve Bank of Australia kept its official cash rate at 4.35% for the second consecutive meeting, noting that persistent inflation keeps potential monetary tightening on the table.
• Australia's major banks trade on price-to-earnings ratios spanning 17.6 to 28.2, underpinned by robust capital positions and stable credit quality.
• Sector executives project that high borrowing costs and slowing domestic economic activity will continue to influence credit growth and loan impairment expenses.

• Hardware wallet sales in Russia have more than doubled, pointing to stronger demand for self-custody.
• The trend is also visible across major hardware wallet providers, with users increasingly moving assets off exchanges.
• The main risk remains self-custody responsibility, including device security and recovery phrase management.

• The Australian Productivity Commission released an interim report declaring the 2018 GST distribution reforms a costly error. The system shifted $23 billion to Western Australia and requires an immediate overhaul.
• Maintaining the current structure will cost the federal budget an estimated $60 billion by the end of the decade. This structural shortfall actively strains the fiscal capacity of eastern states.
• Returning to horizontal fiscal equalisation threatens Western Australia's economic surplus. It simultaneously unlocks $47 billion for eastern states, forcing civil contractors to re-evaluate domestic pipelines.