Australia Breaking News

AMP (ASX:AMP) reported a 33% increase in first-half underlying net profit after tax to $174 million.

REA Group (ASX:REA) reported a 15% increase in full-year core net profit to $650 million following strong yield growth.

Alliance Aviation Services (ASX:AQZ) has restructured its Qantas Airways (ASX:QAN) wet lease agreement.

Mining giant Glencore plans to secure a secondary listing on the Australian Securities Exchange by about October.

The Australian Federal Government plans national legislation to force new data centres to source renewable energy despite state opposition.

BNY has announced a new partnership with Galaxy Digital aimed at enhancing its digital asset infrastructure, reflecting the bank's ongoing commitment to expanding its presence in the digital asset space. Emily Portney, BNY's Global Head of Asset Servicing Business, explained that this partnership enables BNY to offer staking services for digital assets held in custody. She speaks with Romaine Bostick on "The Close."

Federal Reserve Governor Lisa Cook cautions that the longer inflation remains above the central bank's goal, the tougher the job will be to rein it in during remarks at an event in Alaska.

MNTN CEO Mark Douglas discussed the current state of the connected TV and streaming advertising landscape following a strong earnings report from his company, which showed a 21% year-over-year revenue increase. The conversation highlighted recent earnings from major media companies, including Disney, which reported a 64% profit growth in its streaming business and 14% revenue growth, though its overall ad sales grew only 3%. He speaks with Romaine Bostick on "The Close."

Victor Peng, CEO of PsiQuantum, detailed the company's unique approach to quantum computing, emphasizing their use of photons as qubits and their deep expertise in photonics. He explained that their architecture inherently addresses challenges such as photon loss and bit flips through built-in error correction, highlighting significant progress toward full fault tolerance. He speaks with Romaine Bostick on "The Close."

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

Kyle Kondik, managing editor of Sabato's Crystal Ball at University of Virginia's Center for Politics, said that progressives candidates winning primary races may cost Democrats success in winnable seats, but that he is not taking it for granted that those candidates will underperform, and if they do, that they will also lose.

Robert DeNault, Kalshi's head of enforcement and legal counsel, responded to a lawsuit brought New York State, saying that he is concerned about overreach coming from Attorney General Letitia James's office. DeNault defended Kalshi's operations saying that his company is platforming open marketplaces, not functioning as a casino or a sportsbook.