Grafa News and Videos — Page 529

Strategy holds 846,842 Bitcoin (CRYPTO:BTC) valued at about US$54.3 billion, leaving the company with an estimated unrealised loss of US$9.7 billion based on its reported average purchase price of US$75,658 per Bitcoin.

The private equity-owned department store David Jones has replaced its CEO of six years, Scott Fyfe, with retail industry veteran Erica Berchtold.

Cardano (CRYPTO:ADA) founder Charles Hoskinson defended the use of AI-generated content after criticism of a recent social media post.

Aspermont (ASX:ASP) has delayed its positive operating cash flow target to the second half of fiscal year 2027.

Credit Corp (ASX:CCP) cancelled its proposal to acquire 100% of Humm Group (ASX:HUM).

The a2 Milk Company (ASX:A2M) has received Chinese regulatory approval to transition two infant formula registrations at its Pokeno facility.

FDC Construction & Fitout reportedly is targeting a $400 million capital raise for an IPO that would value the company at $970 million.

Australia announced a one-month extension to its fuel excise relief, reducing the rate to $0.16 per litre from July 1 to Aug. 2.

• The Reserve Bank of Australia left the official cash rate target unchanged at 4.35% on June 16 to evaluate earlier interest rate increases.
• Persistent capacity pressures and fuel costs pushed inflation above expectations, linking interest-sensitive equities through uniform borrowing environments.
• Corporate leaders forecast structural cost pressures as global oil disruptions and consumer spending limits challenge forward retail and housing pipelines.

• Kraken’s FIFA World Cup sponsorship coincides with prediction market trading volumes surpassing US$2 billion across football-related contracts. 
• Sports forecasting activity is being concentrated in blockchain-based and regulated event markets, led by Polymarket and Kalshi. 
• Regulatory uncertainty around prediction markets remains the key challenge as platforms expand into mainstream sporting events.