Australia Breaking News

Adavale Resources (ASX:ADD) signed a sale agreement to divest its Marree Embayment Uranium Portfolio to Orpheus Uranium (ASX:ORP).

Capricorn Metals (ASX:CMM) acquired the 15.2-square-kilometre Piastri Project from Latitude 66 (ASX:LAT).

Baby Bunting (ASX:BBN) recorded a 33.9% increase in pro forma net profit to $16.1 million for fiscal 2026.

Australian Prime Minister Anthony Albanese and United States President Donald Trump held a phone call overnight to discuss bilateral trade and defence partnerships.

QBE Insurance Group (ASX:QBE) increased its half-year net profit after income tax to US$1.03 billion.

Investigators examine a third Sydney Airport incident after a Virgin Australia (ASX:VGN) flight aborted takeoff following a runway crossing by a Qantas (ASX:QAN) aircraft.

ASIC identified onboarding and product governance gaps at nine online brokers during a review.

Robin Tsai, Managing Partner at VMG Partners, discussed the recent uptick in consumer space IPOs following notable debuts like Jersey Mike's and Reformation. He outlined VMG Partners' investment strategy, which focuses on established consumer brands with existing revenue, scale, and profitability, rather than early-stage ventures. He speaks with Romaine Bostick on "The Close."

Anant Bhalla, CEO of 1823 Partners and Chief Investment Officer at JAB Holdings, discussed the strategic integration of insurance businesses within private markets to enhance liquidity and return cash to clients. He highlighted the complementary nature of consumer and insurance businesses in varying interest rate environments, with insurance thriving when rates are higher. He speaks with Romaine Bostick on "The Close."

Naveen Jaggi, President of Retail Advisory Services at JLL, discusses the recent easing of inflation and its impact on retail demand, highlighting a notable rebound in the second quarter. Jaggi points out that malls, after a decade of closures, are seeing renewed interest, particularly among younger consumers embracing 'mall maxing.' He speaks with Romaine Bostick & Isabelle Lee on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.

Bobby Sharma, Founder and Managing Partner at Bluestone Equity Partners, discussed the recent $12.5 billion valuation of the Los Angeles Lakers, highlighting the extraordinary price and the broader trend of sports becoming institutionalized investment assets. Sharma emphasized that the Lakers represent a unique global intellectual property asset, far beyond a local community team, which justifies a scarcity premium. He speaks with Romaine Bostick & Isabelle Lee on "The Close."