Today
- Analysis
- The Breakdown
The boring AI that’s saving a moribund Facebook
Facebook has been written off as a network for the elderly and out of touch, but it is learning from its arch-rival TikTok.
- Nick Bonyhady
Crown’s multibillion-dollar expense bill wipes casino profits
The Blackstone-owned company improved revenue by 44 per cent, but it was not enough to offset the toll of penalties and sharpening compliance.
- Zoe Samios
Yesterday
- Analysis
- The Breakdown
Why Microsoft jumped and Google slumped when both beat expectations
A modest gap in cloud computing performance pushed the tech giants’ share prices billions in different directions, showing investors care about one thing: AI.
- Nick Bonyhady
This Month
Morgan Stanley’s Wilson says profit estimates are too high
The odds of a year-end rally in US stocks are fading as investors face a multitude of risks, according to Morgan Stanley’s Michael Wilson.
- Sagarika Jaisinghani
This bank didn’t lose a single dollar to mortgage stress last year
NGM chief Bernadette Inglis says the outsized focus on the mortgage cliff made bankers and mortgage brokers prone to being “apprehensive”.
- Lucas Baird
Morgan Stanley shares plunge after profits drop on slowdown
Sluggish results from the Wall Street investment bank and a miss in wealth management triggered a sell-off.
- Sridhar Natarajan
Goldman profit slumps 33pc as Solomon pleads patience on pivot
A second straight quarter of real estate writedowns and a continued dealmaking slump dented the Wall Street firm’s profitability.
- Sridhar Natarajan
JPMorgan notches another net interest income record, lifts guidance
JPMorgan, Wells Fargo and Citigroup each reported solid third-quarter results, bolstered by higher interest rates.
- Hannah Levitt
Redbubble shares soar 30pc after profit update
After returning to the top job earlier this year, chief executive Martin Hosking said Redbubble was underlying cash flow positive last quarter.
- Updated
- Tess Bennett
- Opinion
- Chanticleer
Why BoQ’s ugly result had analysts on the attack
Bank of Queensland is trying to sell investors light at the end of an 18-month tunnel. But CEO Patrick Allaway is trying to execute a turnaround in a deeply unhelpful environment.
- Updated
- James Thomson
BoQ’s Allaway urges patience as shares dive on earnings miss
Citi analyst Brendan Sproules said earnings had yet to trough for Bank of Queensland.
- Lucas Baird
Profit warnings to hit S&P 500 as high rates pinch consumers
The biggest negative factor for earnings will be rising bond yields and the impact of further tightening in financial conditions, a new survey shows.
- Farah Elbahrawy
- Opinion
- Chanticleer
Usually easy October off to a rough start
October is usually one of the strongest months for Australian shares. It hasn’t started that way.
- Anthony Macdonald
- Opinion
- Chanticleer
How the RBA is using AI to fight inflation
The Reserve Bank of Australia is using artificial intelligence to sift through hundreds of earnings calls to find data on inflation.
- Anthony Macdonald
September
CurveBeam AI losses double after PwC auditors’ intervention
Medical imaging company CurveBeam AI recorded a full-year statutory loss of $51.23 million, more than double the $25.46 million loss forecast in its prospectus.
- Tess Bennett
- Opinion
- Chanticleer
‘Rates do matter’: Blunt warning from $11b giant Soul Patts
Soul Patts’ big shift into private markets reflects its view that the rise in bond yields rocking global markets will weigh heavily on equity markets.
- James Thomson
Not much upside in splitting up Premier retailing empire: Barrenjoey
The analysis included a comparison to global attempts to split similar businesses. But it is more than $1 billion less than other brokers have suggested to clients.
- Carrie LaFrenz
Kathmandu and Rip Curl owner says discounting on the rise in retail
KMD Brands CEO Michael Daly says the hotter weather is a plus for Rip Curl, although there is general softness in consumer sentiment.
- Simon Evans
Cashed-up New Hope says IR reforms drive ‘wrong outcomes’
New Hope has made more profit in the past two years than the previous 16 years combined, but the miner is not impressed by the federal government’s workplace reforms.
- Peter Ker
- Updated
- Myer
Myer boss says it would be ‘very silly’ to recast strategy
John King’s comments come as Solomon Lew’s Premier Investments creeps up the company’s shareholder register.
- Updated
- Carrie LaFrenz
