- The ASX200 is trading 0.43% lower at 7405.40 after lunch.
- Canva valuation skyrockets to US$40bn in 5-months.
- Qantas launches international flights departing December 18, 2021.
The Australian market is trading 0.43% lower today at 7405.40 after lunch as energy stocks lead losses in the wake of oil prices sliding on Tuesday.
Tech stocks are trading higher today as Iress? more than 4% loss is offset by strong gains for Altium, Technology One, Wisetech and Codan.
Bitcoin is trading 4.79% higher over the last 24-hours at US$47,201.29 at 1:15pm AEST following Zip Co announcing its plans to introduce crypto functionality to its operations.
Australian-based design software unicorn Canva announced its latest round of funding brought in US$200m, soaring the company?s valuation to US$40bn, more than that of Aussie telco giant, Telstra. In just 5-months, Canva?s valuation has skyrocketed from US$15bn to a fresh US$40bn as demand for cloud-computing software surges globally during the pandemic.
Making headlines, Qantas has announced December 18, 2021 as the departure date for its first commercial international flights in almost 2-years. Requiring passengers to be fully vaccinated, the flying kangaroo is set to depart Sydney and Melbourne on December 18, bound for London, Los Angeles, Vancouver and Singapore, but all flights are conditional on the federal government lifting the current ban on overseas travel which has been extended to December 17.
And Amazon-backed EV startup Rivian has beaten Tesla, GM and Ford to become the first automaker to produce an electric pickup truck, as the first R1T drove off the assembly line in Illinois yesterday.