Investing

Qantas Group has posted its first full-year statutory profit after tax since FY19, and claims it plans to share benefits with employees and shareholders.

The company attributed a dip in comparable sales to “consumer softness.”

United H2 Limited (UHL) launched in 2019 and has since formed the world’s largest hydrogen conglomerate. Now, it’s planning a dual listing, and expects to achieve a valuation of $1 billion.

Led by the “godfather of AI,” Nvidia is expected to report a quadrupling of EBITDA this quarter.

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Bart Stephens, cofounder and managing partner of crypto fund Blockchain Capital who was an early and prominent evangelist for cryptocurrencies, has filed a lawsuit against an anonymous hacker who stole $6.3 million of bitcoin, ether and other cryptocurrencies from his digital wallets.

Australian adults lost more than US$80,000 across 2022 compared to 2021, due in large part to stock market losses, the 2023 UBS Global Wealth Report has revealed.

Apple, Delta Airlines, Facebook and Juul are among the companies with pending class action lawsuits.

Investment firm BlackRock has predicted the US economy is set for “full-employment stagnation”, which is different to the job-less recessions and recoveries we’ve seen in the past, it claims.

Forbes Asia’s Best Under a Billion list, which highlights 200 small and midsized publicly traded companies in the Asia-Pacific region with annual sales above US$10 million and below US$1 billion, has recognised 18 Australian businesses.