Investing

Australia’s national carrier Qantas has seen its statutory profits after tax take a near-30% hit, which the airline says is due to moderating fare prices.

Few mutual fund managers can come close to this former Legg Mason portfolio manager’s 15-year market-beating record. Below he discusses lessons he has learned, plus his firm’s top ten holdings.

Cooper’s podcast has ranked as the second-biggest on Spotify since 2021, only behind “The Joe Rogan Experience.”

Netflix’s recovery came as other media empires flailed, with shares of Disney, Paramount and Warner Bros. Discovery each more than 50% below their 2021 peaks.

A former Savage X Fenty executive will replace Martin Waters at Victoria’s Secret.

Bequests to philanthropic organisations are expected to double over the next decade, growing from $1.3 billion in 2024 to $2.6 billion in 2034. Inheritance to family, friends and charity is expected to reach $5.4 trillion by 2044 according to JBWere.

The case against Google follows a string of antitrust suits targeting tech giants, including Meta and Apple.

Australian venture capital firm OneVentures, headed up by Michelle Deaker, has just launched its seventh fund, targeting $200 million.

Now worth $2.8 billion, Groq thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for AI from scratch.

The Reserve Bank of Australia is expected to keep rates on hold at 4.35% when it meets this afternoon after softer-than-expected inflation data and a share market bloodbath.