Capital Brief — Business news and politics for the new economy
Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in the federal capital, Canberra.
Latest - Capital Brief
Evolution Mining leads ASX gold surge. Business news including AI’s future could be in Australia — but one key breakthrough is needed, says Meta VP, Santos shares rise on in-line Q1 result, The Star fined $15m, licence suspension for review in March.
Finance and markets - Capital Brief
3 days ago · The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Blackstone beats expectations, credit shines, IPOs in sight
1 day ago · The news: Blackstone reported a better than expected 5.5% rise in third-quarter distributable earnings to US$1.28 billion ($1.91 billion), driven by inflows to its credit arm, which is now its largest business. The numbers: Blackstone’s distributable earnings per share were US$1.01, surpassing the analysts' average estimate of US$0.91 in a Bloomberg poll and US$0.92 in a Reuters poll.
America's fiscal faultline — Capital Brief
3 days ago · America's fiscal faultline. With the US election nearing, Aussie investors are bracing for market volatility. But the biggest concern remains unaddressed by either candidate, says Citi's global macro strategist. John McDuling 4:42pm on 16 October 2024. Experts say the economic plans of both Donald Trump and Kamala Harris will add to the US ...
Nvidia details US$50b buyback and revenue jumps 122%, but …
Aug 28, 2024 · The news: Nvidia's reported a revenue of US$30 billion ($44 billion) for the three months ending July 28. It's a number that beat analysts' high expectations of US$28.8 billion, and which represents a 122% rise from the same quarter last year. The company also announced its board earlier this week approved a US$50 billion stock buyback.
Bank of America beats earnings estimates, boosted by trading
3 days ago · The news: Bank of America’s third-quarter profit beat estimates, driven by strong trading revenues and despite a 3% drop in net interest income due to higher deposit payouts. The numbers: Profit at the US' second-largest bank hit US$6.9 billion ($10.27 billion), a 12% year-on-year decline but still better than forecasts.BofA’s investment banking and trading activities drove the outperformance.
Technology and startups - Capital Brief
Quantum computing startups are eligible for government support via the National Reconstruction Fund, but after a year, the NRF has yet to make any investments. The latest technology news from Capital Brief, including artificial intelligence (AI), big tech, consumer tech, cybersecurity, enterprise tech, venture capital and startup coverage.
OpenAI closes record US$6.6b raising, hits US$157b valuation
Oct 2, 2024 · The news: OpenAI completed its US$6.6 billion ($9.59 billion) funding round, in the largest VC deal ever, nearly doubling its valuation in just months to become one of the three largest venture-backed startups alongside SpaceX and ByteDance. The numbers: The deal values the company behind ChatGPT at US$157 billion, post-investment, up from a US$86 billion valuation in a tender offer to ...
Big Tech — Capital Brief
Oct 11, 2024 · Australia's war on Big Tech has spread to the US and EU. Investors are watching. Big Tech is being hit with a barrage of new regulations and lawsuits all around the world. It's leading fund managers in Australia and abroad to rethink their exposure. Daniel Van Boom · 17 September 2024.