October 2024

Coronado Global Resources (ASX:CRN), an international coal mining company headquartered in Brisbane, reported $608m in group revenue for Q3 FY24, down 9.7% from the previous quarter and part of a year-to-date revenue total of $1.95bn — 11.8% lower than the same period in 2023. The revenue dip reflects weaker market conditions, driven by a 10.6%

Premier Investments (ASX:PMV) and Myer Holdings (ASX:MYR) are merging resources in a transformative deal, announced today. Myer will acquire Premier’s Apparel Brands, including Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E, through the issue of 890.5 million shares to Premier, giving Premier a 51.5% stake in Myer and establishing the company as Myer’s majority

Zip Co Limited (ASX:ZIP), a digital financial services company that offers point-of-sale credit and digital payment services, has posted robust results for the quarter ending 30 September 2024, largely driven by a surge in US operations. The company reported a Group Cash EBTDA of $31.7m, marking a 233.7% increase compared to the same quarter in 2023.

Serko (ASX:SKO, NZX:SKO), a New Zealand-based provider of online business travel booking solutions, is ramping up its North American presence with the acquisition of Sabre’s GetThere business travel platform for US$12m. This purchase, announced on 28 October 2024, positions Serko as the #2 corporate booking tool provider in North America, giving it access to a

Stocks surged on Monday as investors anticipated a wave of megacap technology earnings that could propel the Nasdaq Composite to new heights this week. A calming geopolitical situation also bolstered risk sentiment. The S&P 500 gained 0.27 per cent, closing at 5,823.52. The Dow Jones Industrial Average advanced by 273.17 points, or 0.65 per cent,

The Reserve Bank of Australia’s (RBA) 2024 Annual Report, released Friday, reflects a year of significant financial challenges and organisational shifts. The RBA posted an accounting loss of $4.2bn for the financial year — its second consecutive year of losses — primarily due to the impact of higher interest rates on its holdings. These losses

Boeing is gearing up to raise more than US$15bn this week in a bid to stabilise its finances. This move is part of a larger effort to address the company’s ongoing liquidity crisis. According to sources, the fundraising is expected to involve a mix of stock sales and convertible debt. Depending on investor interest, the

Crude oil futures have declined following Israeli airstrikes that did not target critical Iranian oil infrastructure. West Texas Intermediate (WTI) crude has fallen 4.6% to US$68.48 a barrel, while Brent crude, the global benchmark, has fallen 4.4% to US$72.67 a barrel. The market had been on edge amid concerns that the Israeli response to an October