Queensland has been found to be “emerging as a standout economic performer” following the continued rise in interstate migration and infrastructure spending. This was found by the new Unlocking Queensland’s Potential Report, which expects real estate to boom as the population grows ahead of the 2032 Brisbane Games. “Brisbane’s commercial property sector is offering a rare combination of stab
United States Envoy Steve Witkoff spoke to Russian President Vladimir Putin about a peace agreement in Ukraine. Witkoff met with Putin for around three hours on Wednesday local time in hopes of a breakthrough in the three-and-a-half-year war that began with Russia’s full-scale invasion of Ukraine. According to U.S. President Donald Trump, the meeting had been “highly productive” and “great p
Re-live today's live blog coverage of earnings season! This is the time of year when publicly traded companies report their financial results, giving investors and analysts a glimpse into their performance and future outlook. We'll bring you real-time updates, analysis, and commentary on the latest earnings reports from major companies across various sectors. Stay tuned as we break down the num
Uber Technologies has reported a 33% leap in net income for the second quarter of the 2025 financial year (Q2 FY25) as the number of riders and trips increased. The ride-hailing and delivery company said net income in the three months ended 30 June rose to US$1.335 billion ($2.06 billion) from $1.015 billion in the previous corresponding period (pcp) on revenue, which grew 18% to $12.651 billio
AMP has slightly raised its guidance for the net interest (NIM) margin of its banking subsidiary and pushed back the expected completion date for its $150 million business simplification program. Chief Financial Officer Blair Vernon said AMP Bank’s NIM, the difference between interest income and interest expense, in the 2025 financial year (FY25) was expected to be in line with the first half a
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AMP has reported a 5% fall in net profit after tax (NPAT) for the first half of the 2025 financial year (H1 FY25) due mainly to planned business simplification and litigation costs. The Australian financial services company said NPAT fell to A$98 million in the six months to 30 June 2025 from $105 million in the previous corresponding period (pcp) on revenue which dropped 4% to $1.376 billion.
Airbnb reported stronger-than-expected second-quarter earnings on Wednesday, with both revenue and profit beating market estimates, as bookings continued to rise and the company unveiled new services aimed at long-term growth. Revenue climbed 13% year-on-year to US$3.1 billion, up from $2.75 billion a year ago, exceeding analysts’ forecasts of $3.04 billion. Net income rose to $642 million,
McDonald's stock (NYSE: MCD) was up around 3% overnight after revelations that hot products like a “Minecraft”-themed meal had helped the Dow Jones fast food chain beat Q2 estimates with customers spending more per visit. Reflecting a major turnaround from its first quarter slump – when consumers were cutting back on fast food - the Chicago-based burger giant reported a 7% increase in earnings
An increase in gold exports helped boost Australia’s trade surplus in June, according to the Australian Bureau of Statistics (ABS). The ABS said the balance on goods rose to A$5.365 billion (US$3.473 billion) in June from $1.604 billion in May as exports rose to $44.318 billion from $41.8 billion and imports fell to $38.952 billion from $40.196 billion. The improvement in exports was driven
Thomson Reuters has delivered an adjusted earnings per share of US$0.87, beating analyst estimates of US$0.83, even as net earnings took a proper hammering - down 63% to US$313 million from last year's US$841 million. The information giant's "Big Three" segments - Legal, Tax & Accounting, and Corporates - managed 9% organic revenue growth, which isn't too shabby considering they represent 82% o
