February 3, 2026

Walmart has achieved a significant milestone, becoming the first retailer ever to reach a market valuation of $US1 trillion ($1.42 trillion) on Tuesday (Wednesday AEDT). This achievement follows a year of strong performance, with its shares rising nearly 26 per cent. Walmart now stands alongside Big Tech companies such as Nvidia and Alphabet in terms […]

Volatility in gold and silver markets is expected to remain high after the recent crash from record highs, according to Bank of America. One measure indicates gold prices are experiencing instability not seen since the 2008 financial crisis, while silver’s market turmoil is the worst since 1980. Both metals surged last month, fuelled by speculators,

The computer industry is bracing for a prolonged memory chip shortage, with Intel CEO Lip-Bu Tan warning that the crunch is likely to persist for at least two years. Speaking at a Cisco Systems conference, Tan indicated that key players in the memory sector foresee “no relief until 2028.” The shortage is attributed to the

Air New Zealand has announced the appointment of Kate Boyer as chief operations officer, Ground and Inflight, effective March 30. Boyer succeeds Alex Marren, who is retiring from the position. Air New Zealand is the flag carrier airline of New Zealand. It provides passenger and cargo air transport services to, from, and within New Zealand.

Bitcoin has plummeted to its lowest price since early 2025, effectively erasing the gains it made following the US election. The largest cryptocurrency by market value continued its downward trend, dropping below $US74,424.95, marking its lowest point this year. Bitcoin previously reached this level on April 7 after market turbulence caused by Donald Trump’s tariff

Walt Disney Co has announced that Josh D’Amaro will take over from Bob Iger as chief executive officer, marking a significant leadership transition for the entertainment conglomerate. The change comes at a pivotal time for the company as it navigates the shift from traditional television to streaming services, with Iger stepping down after efforts to

Synlait Milk anticipates reporting a net loss of between $NZ77 million and $NZ82 million for the half-year ending January 31. The dairy processor attributed the expected loss to ongoing manufacturing challenges at its Dunsandel plant, compounded by margin pressures arising from increased raw milk sales. Synlait Milk is a New Zealand-based company that processes milk

Synlait Milk Limited (ASX: SM1), a New Zealand-based company specialising in the production of advanced milk nutritionals and dairy products, has provided an update on its financial performance for the six months ended 31 January 2026 (HY26). The company anticipates an underlying EBITDA of between breakeven and $5 million, with a reported EBITDA loss expected

Shares in Atlassian experienced a significant drop, falling 8.9 per cent to $US103.60 by 2.14pm in New York trading. The company’s decline is attributed to a broad sell-off affecting software stocks, spurred by growing concerns over the potential impact of artificial intelligence. Atlassian, a global software company, provides collaboration and productivity tools for teams. Its

US sharemarkets fell sharply as investors rotated out of technology stocks and into sectors more closely tied to broader economic activity. The S&P 500 declined 0.84 per cent to close at 6,917.81, while the Dow Jones Industrial Average slipped 0.34 per cent to 49,240.99, after briefly touching a fresh intraday record earlier in the session.