AustraliaFinancial

Credit Corp Group (ASX:CCP) increased its net profit after tax by 12% to $105.5 million.

Bloomberg Opinion Columnist Aaron Brown discusses his latest piece on the collapse of AI Hedge Fund Situational Awareness. He argues "The easy story is another tech wunderkind flying too close to the sun. The more useful one is that the 439% return was a warning, not a triumph."

A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors, and Mayor Zohran Mamdani's rent freeze is threatening to make it worse. Ran Eliasaf, Founder & Managing Partner of Northwind Group, discusses the needs in the NYC housing market and the possible impact of the city's recent moves to make it more affordable and levy new taxes.

Chris Maurice, CEO of Yellow Card, explained how his company differentiates itself from competitors like Stripe and Wise by building the underlying infrastructure that enables international money movement using stablecoins such as USDC. Yellow Card provides direct liquidity and on/off ramps against local currencies across regions including Africa, Latin America, and Asia, allowing stablecoins to be sent and converted locally without the need to convert back to dollars first. He speaks with Romaine Bostick on "The Close."

Moffettnathanson Research Analyst Julie Zhu says SpaceX almost has an "identity crisis." Elon Musk's company is set to report its first-ever quarterly earnings results on Tuesday after going public this summer. Zhu talks about what the team is looking for on "Bloomberg The Close."

Bloomberg's Yiqin Shen joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Leveraged ETFs that offer the tantalizing prospect of doubling or tripling the daily returns of an individual stock are famously risky for investors who buy them. The result has been a quiet surge of activity in an exotic corner of the derivatives market, where investment banks, hedge funds and other institutional investors trade what are often known as "crash puts" and sometimes referred to as cliquets or stability notes.

The new trend among the rich is "tax alpha," or lowering one's tax bill while generating more profit along the way. It can be traced to a quadrupling of the S&P 500 over the past decade.

Westpac (ASX:WBC) finalised the sale of its $15.4 billion RAMS mortgage portfolio to a multi-firm consortium.

Clime Investment Management (ASX:CIW) concluded its strategic transformation and issued a final dividend guidance of $0.005 per share.

The Australian Government Takeovers Panel declined proceedings on Frasers Group's application concerning Accent Group (ASX:AX1).

HSBC (NYSE:HSBC) is exiting Australian retail banking by selling its $36 billion loan portfolio to Blackstone (NYSE:BX).

KPMG Australia will cut 1,000 staff and dozens of partners in September following an audit misconduct scandal.