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Star Entertainment posted a statutory net loss after tax of A$307.3 million for the year ended June 30, wider than market expectations, and cautioned that difficult conditions would continue. The company pointed to weak table gaming revenue in New South Wales and a pending regulatory penalty as key headwinds while it works to restore profitability,…
Star Entertainment Group Ltd saw its shares decline after the company posted an annual net loss, pressured by weaker gaming demand and regulatory changes at its Sydney property. While headline losses continued, underlying operating performance and a major equity injection from Bally's Corporation provided signs of stabilization.
Liontown Resources rose after reporting its first underlying annual profit, driven by Kathleen Valley. Revenue climbed to A$639 million, underlying net profit after tax was A$14 million, and operating cash flow reached A$182 million. The company finished the year with A$561 million in cash and no net debt, and management said the planned ramp-up to…
Dick's Sporting Goods plunged after Q2 and weak Foot Locker metrics, but the selloff has pushed valuation to attractive levels: market cap ~$12.1B, P/E ~13.4, EV/EBITDA ~6.7 and a 3.6% yield. Technicals are oversold and an insider purchase shows conviction. Trade plan below for a mid-term rebound.
Liontown Resources reported its first annual net profit after tax as a rebound in lithium prices during the second half of the year, together with increased concentrate production, drove a substantial improvement in revenue, cash flow and earnings metrics. Management is prioritising reinvestment in the Kathleen Valley mine as it transitions to full…
U.S. Treasury Secretary Scott Bessent told Reuters that the recent depreciation of the yen appears to be "pretty well contained," and he is not urging the Bank of Japan to change its monetary policy. Bessent said he expects BOJ Governor Kazuo Ueda to act appropriately with backing from Prime Minister Sanae Takaichi, and noted that the recent yen dr…
U.S. stock index futures declined Sunday evening after American forces launched fresh strikes on Iran for the first time in weeks, a development that lifted oil and heightened market caution. Investors were already sensitive to a hawkish Federal Reserve tone after remarks by Chair Kevin Warsh at Jackson Hole, which increased the likelihood of anoth…
Oil futures climbed in Asian trading after U.S. forces struck two Iranian launchers on Larak Island, near the Strait of Hormuz. Brent and WTI each rose more than 1.5%, as analysts and traders reassessed risks to seaborne oil flows through a strategically vital waterway. The strikes and a reported Iranian missile response have heightened focus on su…
U.S. Treasury Secretary Scott Bessent announced a coordinated strategy of weekly secondary sanctions aimed at deterring global financial institutions from facilitating transactions linked to Iran. The administration is prioritizing the banking sector and signaling potential exclusion from the dollar-clearing system for noncompliant entities.
U.S. Treasury Secretary Scott Bessent has signaled that Washington will push G20 finance leaders to evaluate their commercial agreements with China, aiming to reduce global trade disparities and encourage a shift toward internal demand. With Chinese exports currently viewed as unsustainable, the administration plans to leverage multilateral dialogu…
U.S. Treasury Secretary Scott Bessent provided a measured assessment of recent foreign exchange dynamics, emphasizing that the Japanese yen’s latest depreciation remains well managed. The remarks align Washington and Tokyo on prioritizing predictable market conditions over reactive intervention as global financial leaders prepare for policy discuss…
Faraday Future Intelligent Electric completed its first Middle East order following the official August 28 launch of its regional business, delivering six robots. The company said it will introduce multiple products in September, including the Master Mini, and is advancing partner and distribution programs intended to expand commercial deployment a…
U.S. military forces conducted strikes on two Iranian launchers situated on Larak Island after observing Revolutionary Guard personnel readying rockets fitted with sea mines for possible deployment into the Strait of Hormuz. Iran's Revolutionary Guards reported casualties and vowed retaliation. The action marks the first U.S. strikes on Iranian pos…
In late May, Nepali and Chinese officials convened in Kathmandu to discuss cross-border monitoring and early-warning cooperation for glacier, flood and weather hazards. Nepali hydrologists say they pressed for more timely data on glacier movement and water levels but received limited operational information after the meeting. The shortfall in conti…
Insurance broker Aon is reportedly nearing an agreement to buy USI Insurance Services from private equity firm KKR for about $17 billion including debt, according to people familiar with the matter. The arrangement could be announced shortly if negotiations finish successfully. The report has not been independently verified and the companies involv…
President Trump said on social media that oil secured through the recent agreement with Venezuela will be used to refill the United States Strategic Reserve. The deal, announced Friday, reportedly gives U.S. interests majority control over 65 billion barrels of Venezuelan crude and is described as creating the world's second-largest private oil com…
Two of three U.S. Department of Agriculture research programs focused on cyclospora have been defunded and effectively shuttered after congressional funding was not approved, while the third project is slated to move from Maryland to Iowa this fall. Scientists working on the parasite have declined to relocate, and some are retiring or leaving the A…
Fortrea is showing the kind of operating leverage investors want to see in a contract research organization: positive free cash flow ($196M last reported), improving book-to-bill (1.15x), and margin tailwinds driven by technology products like Fortrea Intelligent Technology. The stock is trading near $18.90 with technicals supportive and a favorabl…
Perpetua Resources is a development-stage play on the Stibnite Gold Project in Idaho that benefits from a $2.9 billion U.S. government loan commitment, attractive implied upside to historical highs, and improving technicals. The company remains pre-production with negative earnings and cash burn, so this is a conviction long trade sized for risk-to…
A NATO official said Russia is increasing hybrid activities in Europe while the alliance currently assesses there is no imminent threat of attack. Political leaders and intelligence contacts are discussing preparedness and possible provocations, and attribution for a recent attempted drone strike in Germany remains under investigation.
TransDigm’s pullback to $1,185 offers a chance to own a high-margin aerospace aftermarket platform that has consistent FCF and a clear acquisition runway. Valuation is elevated versus broad market multiples, but the company’s $2.74B quarterly revenue, $1.5B adjusted EBITDA and $2.436B free cash flow provide justification for a disciplined long-term…
Microsoft is the best-in-class AI infrastructure and software play that markets finally understand. Fundamentals - including $66.99B of free cash flow, 30% return on equity, and a conservative debt load - support continued multiple expansion as Azure AI wins enterprise wallets. Valuation is rich but reasonable given cash flow strength; this trade t…
Nepal's military has airlifted heavy machinery to an under-construction Himalayan dam as rescuers race to reach workers believed trapped in tunnel sections after devastating floods. The disaster has killed hundreds, left thousands missing and damaged hydropower projects that supply a significant portion of the country's electricity. International t…
BridgeBio Pharma announced compelling new data from the Phase 3 ATTRibute-CM study highlighting Acoramidis' ability to potentially reverse cardiac structural disease progression and functional decline in transthyretin amyloid cardiomyopathy (ATTR-CM). Treated patients experienced significant improvements in left ventricular function and substantial…
Meta's stock is trading like its AI investments are a long-term drag. The numbers tell a different story: strong free cash flow, attractive ROE, and manageable leverage suggest the market is underpricing near-term monetization and optionality from AI and infrastructure deals. This trade targets a mid-term re-rate toward $700 with a $540 stop.
