Australia Breaking News

Abacus Group (ASX:ABG) released its financial results for the half-year ended Dec. 31, 2025, announcing a statutory net profit of $47.6 million.

Drew Wilkerson, CEO of RXO, discusses the company's latest quarterly truckload forecast, highlighting an upswing in the trucking market following a period of deflationary pressure. He speaks with Romaine Bostick and Kristine Aquino on "The Close."

Aaron Ford, Nevada Attorney General, discusses the recent 6 3 Supreme Court of the United States ruling that struck down tariffs imposed during the Trump administration. He tells Romaine Bostick and Kristine Aquino on "The Close" that the decision was expected and legally justified.

Woodside Energy (ASX:WDS) announced a record annual production of 198.8 million barrels of oil equivalent for the 2025 full year.

EY-Parthenon Chief Economist Greg Daco joins Bloomberg Businessweek Daily to discuss the economic impacts of President Trump's tariffs being overturned by the Supreme Court. Daco says that while the US economy may currently show underlying strength, businesses will be more hesitant to invest and expand as tariff policy continues to evolve. Daco also mentions that inflation is back to being a big unknown as levies shift and legal challenges arise, and that GDP could once more be at risk thanks to Section 122 tariffs. Daco speaks with Carol Massar and Emily Graffeo.

City Chic Collective (ASX:CCX) booked global sales revenue of $69.2 million, underpinned by a significant recovery in the Australia and New Zealand market.

Rick Woldenberg, CEO of Learning Resources and hand2mind, joins Bloomberg Businessweek Daily to weigh in on the Supreme Court striking down President Trump's tariffs, a win for the company that challenged the levies and became one of the plaintiffs in the case. Woldenberg says he wasn't expecting the decision before the State of the Union address, adding that his firm feels "validated" after the Supreme Court's decision. Woldenberg speaks with Carol Massar and Emily Graffeo.

Nine Entertainment (ASX:NEC) recorded a net profit after tax of $81.4 million for the half-year ended Dec. 31, 2025.

President Donald Trump has already leaned on alternative legislation to try to rebuild his tariff wall, after the US Supreme Court ruled that he can't use a 1977 emergency law to impose import taxes. The court said that Trump exceeded his authority by invoking the International Emergency Economic Powers Act to justify his sweeping "reciprocal" duties targeting America's trading partners, as well as separate levies aimed at China, Canada and Mexico. The ruling invalidates a large portion of the tariffs that Trump has rolled out in his second term, but there are other ways that he can introduce import taxes. While the Constitution gives Congress the power to levy taxes and duties, lawmakers have delegated some authority to the executive branch through a number of statutes. Bloomberg Intelligence Senior Policy Analyst Nathan Dean joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Emily Graffeo.

For the six-month period ended Dec. 31, 2025, Adore Beauty (ASX:ABY) achieved an underlying EBITDA of $4.1 million on a pre-AASB 16 basis.

Southern Cross Media (ASX:SXL) released its financial results for H1 FY26, a period defined by the completion of its merger with Seven West Media.

Engineering group Monadelphous (ASX:MND) reported a revenue of $1.53 billion in the half year to Dec. 31, 2025, representing a 45.6% increase in the prior year.