Gina Rinehart makes major return to media sector
Australia's richest person, Gina Rinehart, has made a high-profile return to the media sector by acquiring a 9.15% stake in Southern Cross Media (ASX:SXL).
Australia's richest person, Gina Rinehart, has made a high-profile return to the media sector by acquiring a 9.15% stake in Southern Cross Media (ASX:SXL).
Endeavour Group (ASX:EDV) unveiled a strategic overhaul that will see the company exit the majority of its winery and vineyard portfolio.
The Federal Court has ordered Westpac (ASX:WBC) to pay a $26 million civil penalty.
Web Travel Group (ASX:WEB) secured a 20% rise in both total transaction value and revenue, reaching $5.8 billion and $394.1 million, respectively.
Nufarm (ASX:NUF) disclosed its financial performance for the half-year ended March 31, characterised by strong profit growth.
KMD Brands (ASX:KMD) has reported continued performance improvements for the third quarter of the 2026 financial year.
Element 25 (ASX:E25) is launching a review of its project execution plan for a high-purity manganese sulphate monohydrate facility.
Australia’s tech sector and leading economists have unified in a major pushback against the Albanese government’s proposed capital gains tax overhaul.
Sam McKinney, KeyBanc Capital Markets vice president and equity research analyst, said that while US steel mills have mostly hedged rising electricity costs with long term contracts, they are impacted by increasing diesel prices to ship steel by truck and rail route. On the other side of the coin, steel hasn't seen a drop in value in in the face of the war, as investors look to steel stocks to hedge against inflation.
Bloomberg's Ed Ludlow joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." Elon Musk's SpaceX holds more than twice as much Bitcoin as previously estimated.
Bloomberg's Andre Tartar joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." Nine anonymous cryptocurrency wallets have effectively gained control over who wins and loses on Polymarket's most contested prediction market bets, giving a tiny group of unappointed people outsized power over billions of dollars of wagers.
Ambre Soubiran, CEO of Kaiko, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." They discuss the rapid growth of prediction markets and how data is key for the industry's infrastructure.