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The Latest News from stocks

Selloff eases as China's DeepSeek triggers AI rethink

Selloff eases as China's DeepSeek triggers AI rethink

Chinese startup DeepSeek is making waves after launching a free AI assistant it says uses less data at a fraction of the cost of incumbent firms' models.

Fallen star: $500 million wiped from Star on ASX

Fallen star: $500 million wiped from Star on ASX

Fallen star: $500 million wiped from Star on ASX

Fallen star: $500 million wiped from Star on ASX

The value of Star Entertainment has plummeted on the ASX after $500 million dollars was slashed from the casino giant's worth as its shares were unfrozen

Xero acquires analytics platform Syft for $104 million

Xero acquires analytics platform Syft for $104 million

Xero acquires analytics platform Syft for $104 million

Xero acquires analytics platform Syft for $104 million

Accounting software business Xero hit its highest price since 2022 after announcing the $A104 million acquisition of cloud-based reporting platform Syft.

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QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

Insurance group QBE has announced an almost two-fold improvement in its first-half profit on higher premiums and favourable investment returns.

Transurban eyes raising dividend as toll traffic rises

Transurban eyes raising dividend as toll traffic rises

Transurban says it expects to raise its 2024/25 distribution by five per cent, after making $2.6 billion in operating earnings in 2023/24.

AMP shares surge on 'transformational' advisor deal

AMP shares surge on 'transformational' advisor deal

The once-mighty financial services company AMP has announced a "transformational" joint venture for the loss-making advice division.

Property giant Mirvac warns of 'challenging' conditions

Property giant Mirvac warns of 'challenging' conditions

Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.

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