National Australia Bank reports business banking growth
National Australia Bank (ASX:NAB) reported that its business and private banking division increased lending balances by 4% during the June quarter.
National Australia Bank (ASX:NAB) reported that its business and private banking division increased lending balances by 4% during the June quarter.
PLS (ASX:PLS) reported quarterly revenue of $743 million alongside production of 214.3 kilotonnes of spodumene concentrate.
KPMG Australia will cut 1,000 staff and dozens of partners in September following an audit misconduct scandal.
Domino's Pizza (ASX:DMP) reaffirmed its FY26 earnings guidance while reporting $259 million in balance sheet write-downs and a 4.1% sales decline.
Infrastructure investor Morrison has reportedly entered advanced talks to acquire a 30% stake in Optus from Singtel for around $2.25 billion.
Meta Platforms Inc. gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant's spending on artificial intelligence. Bloomberg News Big Tech Team Leader Kurt Wagner says as long as Meta is making money and the core business is going, they can get away with aggressive AI spending on data centers. He argues, however, that the minute worry sets in of a potential slowdown on its core advertising business investors start to question if the company should be spending so much on infrastructure. Plus, a viewer question on Meta's capex spending. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio
Federal Reserve Chairman Kevin Warsh's decision to abandon forward guidance on monetary policy is driving bond market volatility, with 30-year Treasuries selling off after Wednesday's rate decision, according to Torsten Slok, chief economist at Apollo Global Management. He speaks on Bloomberg Television's "The Fed Decides."
Bloomberg's Scarlet Fu joins Dani Burger on "Bloomberg Deals." Despite being less than halfway through earnings seasons, and with retailers yet to report, many consumer-facing companies have announced results that make it clear inflation is changing spending patterns.
Federal Reserve Chairman Kevin Warsh says markets can be a good source of information but not a determinative or perfect source during a news conference following the central bank's decision to leave rates unchanged.
Bloomberg's Ryan Gould joins Dani Burger on "Bloomberg Deals." Jersey Mike's Subs's initial public offering has attracted investor demand for more than 10 times the available shares ahead of pricing on Wednesday, according to people familiar with the matter.
Bloomberg's Allison McNeely joins Dani Burger on "Bloomberg Deals." Koch is exploring a sale of Edged, the data center developer it cofounded to build projects for the biggest hyperscalers, according to people with knowledge of the matter.
Bloomberg's Scarlet Fu joins Dani Burger on "Bloomberg Deals." Larry Ellison and his family would be on the hook for $9.8 billion if Paramount Skydance's deal to buy Warner Bros. Discovery Inc. falls apart.