Azzet reports on three stocks with price-moving updates today. Iress rallies on new CEO appointment Shares in Iress (ASX: IRE) were up 6.4% by 1:50 pm AEST (3:50 am GMT) after the large-cap fintech company told the market that former Bravura Solutions boss Andrew Russell will replace Marcus Price as CEO, a move that analysts appear to have given the thumbs up. With Price exiting immediately,
United States President Donald Trump said he plans to hold fresh peace talks about the war in Ukraine days after his Alaska summit with Russian President Vladimir Putin failed to achieve a breakthrough. Trump has become frustrated with his inability to stop the fighting, which began with Russia’s invasion in 2022, after he predicted he would be able to quickly end the war when he entered the Wh
Insurance Australia Group’s proposed acquisition of RAC Insurance Pty Limited (RACI) is in doubt after the Australian Competition and Consumer Commission (ACCC) raised concerns. The ACCC said the acquisition could harm consumers by reducing competition in the Western Australia (WA) insurance market. Under the deal IAG would become the underwriter of RAC-branded motor and home insurance polic
United States job openings reached their lowest level in 10 months in July, indicating a softening labour market. Non-farm job openings were 7.181 million in July, dropping from the 7.357 million seen in June. The number of openings fell below the number of unemployed workers for the first time in over four years. “The number and rate of job openings were little changed at 7.2 million and 4.
The copper market is getting more complex. Simple supply-demand models don't capture data centre build-outs, geopolitical supply chain shifts, or Argentina's mining renaissance. Let's take a look at the latest machinations in the red metal business. Azzet’s Mission Critical is a weekly column that lays out the ebbs and flows around critical minerals supply chains; the geopolitical machinations
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Billionaire investment oracle Ray Dalio warns the United States is sliding toward the same debt-fueled autocracy that consumed European democracies in the 1930s. “I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period,” Dalio told the Financial Times. The Bridgewater Associates founder, worth about US$15.4 billion, poi
The British & Irish Lions series this year has allowed Rugby Australia (RA) to become debt-free and focus on making the game sustainable in the long term. RA, the peak body for rugby union in Australia, said an A$80 million (US$52.3 million) loan from private equity firm Pacific Equity Partners (PEP), which was taken out in 2023 to cover a deficit, had been paid off earlier than expected. “R
Design software company Figma tumbled 14% in extended trading on Wednesday after the design software company reported its first results since going public in July. Revenue was US$249.64 million, up 41% year-over-year and above LSEG estimates of $248.8 million. Earnings per share broke even, up from a loss of $4.39 one year ago. “We delivered record revenue in Q2 as we continued to innovate w
Harvard University was handed a landmark win when a federal judge declared United States President Donald Trump’s US$2.2 billion termination of funding grants unlawful. In the 84-page order, U.S. District Judge Allison Burroughs said the Trump administration “used antisemitism as a smokescreen” to block billions in research funding unlawfully. "We must fight against antisemitism, but we equa
American Eagle stocks soared more than 20% following their second-quarter earnings release, with the retailer attributing their success to recent celebrity endorsements. The company smashed Wall Street estimates following its controversial “good jeans” marketing campaign with Euphoria actress Sydney Sweeney and its recent partnership with Taylor Swift’s fiancé, Travis Kelce, just days after the
