Australia Breaking News

HiTech Group Australia (ASX:HIT) has signed a long-form asset sale deed to acquire specific assets from Hudson Global Resources (Aust).

Alec Litowitz, Founder of Magnetar and now head of his family office, Qstar Capital, discusses his new book, "The Adaptability Quotient," which focuses on decision-making when old strategies stop working. He links the book's themes to his experience at Magnetar, saying the firm looked for periods of rapid change because uncertainty often drives others away and creates opportunity for those first able to resolve it. He speaks with Romaine Bostick on "The Close."

Bill Perkins discusses a new ETF built around short-dated electricity futures in PJM and ERCOT, saying it gives investors direct exposure to power pricing rather than to utilities themselves. He argues the product is timely because electricity demand is expected to grow, driven by manufacturing reshoring, data centers, and the broader AI buildout. He speaks with Romaine Bostick on "The Close."

Alice Queen (ASX:AQX) has agreed to sell its non-core Yarindury exploration licence EL8646 in New South Wales to Alkane Resources (ASX:ALK).

Ankur Crawford, Executive Vice President and Portfolio Manager at Alger, says political backlash around AI infrastructure could become a future constraint on data center and chip buildout, though it has not yet materially slowed projects. She argues that much of the opposition is driven by misinformation and that the key risk for investors is confusion, which can create volatility. She speaks with Romaine Bostick & Sally Bakewell on "The Close."

The Australian dollar reached a 13-year peak of NZ$1.23 against the New Zealand dollar following shifting interest rate expectations.

Nell Minow, Chair of ValueEdge Advisors, says Anthropic is moving in the opposite direction from SpaceX on governance, but argues its structure is still unusual and potentially problematic. She says the company is combining elements of public companies and nonprofits, including a public benefit corporation framework that she says both cares about shareholder value and does not. She speaks with Romaine Bostick on "The Close."

WAM Leaders (ASX:WLE) has secured $313 million through a combined share purchase plan and placement.

Jeff Christian, who says he oversaw the last two board searches at Apple under Steve Jobs and argues that the selection of John Ternus signals a strategic shift. The discussion then moves to what a hardware engineer can bring to Apple, especially given concerns that the company's bigger challenges may lie in software and AI rather than hardware. He speaks with Romaine Bostick on "The Close."

David Booth, Co-Founder of Dimensional Fund Advisors, discusses his new book, "Stay Calm," which blends memoir and investment guidance. Booth's discusses his long-standing message to investors: ignore short-term market noise, avoid trying to outguess the market, and stay invested rather than panic during volatility. He speaks with Romaine Bostick on "The Close."

Former KPMG Australia COO Eileen Hoggett is suing the firm in the NSW Supreme Court after her expulsion.

Julie Bornstein, Founder & CEO of Daydream, says back-to-school season is becoming a major test case for AI-powered shopping. She explains that Daydream works as an app and website where users can describe themselves and then chat with an AI agent to get personalized shopping results. She speaks with Scarlet Fu & Kristine Aquino on "The Close."