AustraliaBreaking News

Furniture retailer Nick Scali (ASX:NCK) reported a 31.2% increase in full-year statutory profit to $75.7 million.

Federal Reserve Bank of St. Louis President Alberto Musalem explains why he expressed a preference to raise rates at the Federal Open Market Committee's July meeting. Speaking at an event in São Paulo, Musalem also discusses the outlook for inflation.

Trex CEO Adam Zambanini joins Bloomberg Businessweek Daily to discuss the deck materials company's latest earnings results, the company's total addressable market, push into the Southern Sunbelt, customer demand, and more. He speaks with Carol Massar and Tim Stenovec.

James Hardie (ASX:JHX) increased its full-year earnings outlook after posting net sales of US$1.47 billion for the first quarter of FY27.

Federal Reserve Bank of St. Louis President Alberto Musalem says policymakers can't afford to tolerate higher inflation while they wait for the possibility of stronger productivity growth. He speaks at an event in São Paulo.

BHP (ASX:BHP) and Rio Tinto (ASX:RIO) will meet US officials to help solve a 300-person mining engineer shortage.

Wellnex Life (ASX:WNX) agreed to sell its Pain Away business for up to $21.3 million in cash.

The Australian Manufacturing Workers Union halved its weekend strike at BHP (ASX:BHP) operations, leaving a 24-hour stoppage.

Steve Odland, CEO of the Conference Board, discussed the latest CEO confidence survey results, which showed an increase from 47 to 52 between the second and third quarters of 2026, moving the index into positive territory. The second quarter's negative reading was largely attributed to geopolitical tensions in the Middle East, particularly the war in Iran and the resulting spike in oil prices to around $120 per barrel. He speaks with Romaine Bostick on "The Close."

Bloomberg News Editor-in-Chief Emeritus Matt Winkler explains what is behind Canada's investment boom. The country's government poised to attract record investment from outside its borders after foreigners poured $183 billion into Canada's stocks and bonds in the past year. Winkler says its thanks to "reasonable" policies, crediting Prime Minister Mark Carney -- a Rhodes Scholar, former Bank of Canada Governor, and former Bloomberg Board Chair -- for attracting investors to Canada by being "somebody the world knows very well."

RXO, a leading freight broker, reported second quarter results showing a 25% increase in revenue and adjusted EPS exceeding analyst estimates by 6 cents. CEO Drew Wilkerson highlighted that the company is in the early stages of a freight recovery, driven by a significant rise in spot rates that currently outperform contract rates. He speaks with Romaine Bostick on "The Close."

Elanco Animal Health President and CEO Jeff Simmons discusses what's behind the company's increased profit and revenue forecasts. Speaking on "Bloomberg The Close," Simmons also comments on the recent surge in tick bites and consumer spending on pet health products.