AustraliaBreaking News

Tasmea (ASX:TEA) forecasts a financial year 2027 underlying EBITA of $202–208 million, representing over 70% year-on-year growth.

APRA directs major banks to share cyber tools with smaller rivals to combat rising frontier AI threats.

The a2 Milk Company (ASX:A2M) declared a NZ$300 million special dividend after securing regulatory approvals in China.

Nine Entertainment (ASX:NEC) is negotiating the exit of television presenter Karl Stefanovic following a controversial podcast episode.

The Reserve Bank of Australia released internal research validating its decision to lift interest rates on three consecutive occasions earlier this year.

Dawn Nordberg, head of integrated client solutions and global family office at Citi Wealth, said projections show that 55% of global wealth will be commanded by women by 2030 as the 'great wealth transfer' continues to trend toward women. Nordberg said that she is seeing a shift from women being the beneficiaries of a family to being the principal in a family office.

Katie Hubbard, president of US capital markets for Walton Global, said that the higher end of the housing market is still doing well as high income clients are still paying to buy and build homes. Hubbard said that despite efforts to make home buying more affordable for the wide public, it is hard for federal efforts to increase housing supply to make an impact.

Jeff Sherman, Deputy Chief Investment officer at DoubleLine Capital, joined the program to analyze recent developments in the U.S. Treasury market. The discussion focused on recent moves in Treasury yields, including a notable drop in the 10-year yield by 10 basis points to just above 4.3%. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Bloomberg's Mandeep Singh previews Micron earnings and the larger tech environment as companies at the forefront of AI forecast massive earnings. Singh said he finds similarities between the hold oil companies have on energy prices with how chip companies have a control of AI memory and are unlikely to increase that capacity as they bring in money.

Dan Mendelson, CEO of Morgan Health, highlighted the disproportionate impact of rising health insurance costs on small businesses in the U.S., citing premium increases of 20-25% as a significant challenge. He explained that cost drivers include expensive new medical technologies like GLP-1 drugs and labor costs, which constitute about 70% of hospital expenses. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Micron the largest US maker of computer memory chips, delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of the components sent prices soaring.  Bloomberg Intelligence Semiconductor Analyst Jake Silverman and Host of Bloomberg Tech Ed Ludlow react saying the earnings show Micron's pricing power.

Daryl Fairweather, Chief Economist at Redfin, discusses the bipartisan Road to Housing Act, which President Trump has opposed despite its passage by a veto-proof majority. The bill represents a significant federal effort to address the national housing supply shortage by tying federal funding to local governments' plans to increase housing supply and streamline zoning and permitting processes. She speaks with Romaine Bostick & Katie Greifeld on "The Close."