- ASX200 is trading 0.27% higher at 7082.5 at 1:30pm AEST.
- Commonwealth Bank CEO takes a hit at BNPL providers.
- CV Check plummets 18% after CEO & Executive Director resigns.
The tech sector is down sharply today as Nearmap and EML Payments shed more than 2% respectively. Zip Co and Afterpay are also lower after comments made by CBA boss took aim at BNPL providers.
The Australian market is trading 0.27% higher today at 7082.5 just after 1:30pm AEST as a rally amongst the gold miners boosts the ASX 200.
Bitcoin is trading 2.11% higher in the last 24-hours at US$57,077.14 at 1:30pm AEST. NAB and other Major banks have begun urging policy makers to set up a clear crypto regulation to protect investors who trade digital assets after last week?s landmark Coinbase Wall Street listing.
Commonwealth Bank CEO Matt Comyn took a swipe at BNPL providers Afterpay and Zip Co at the House Seating Committee on Economics on Friday, saying some have built ?large and successful innovations and avoiding all of that regulation?. CBA is set to launch its own BNPL offering that has a late payment fee of $10 per purchase and capped at $120/year, much less than Afterpay?s $68/purchase with no cap.
Perth-based CV Check is in freefall today, sinking as much as 18% this morning, after the surprise announcement that CEO and Executive Director Rod Sherwood is resigning for personal reasons and is immediately standing down from regular duties.
Domino?s is trialling an autonomous self-driving vehicle named R2 made by Nuro to deliver pizzas to customers in Texas, allowing customers to track the robot?s every move throughout the delivery journey.