Latest Business News
ASX 200 Hits All-Time Intraday Record High
The ASX 200 reached a record intraday high of 9,130.3 points, snapping a three-day losing streak and closing up 1.2%. This performance occurred despite inflation data, driven by strong earnings results.
Woolworths Reports Bumper Profit, Shares Surge 12%
Woolworths' shares jumped 12% to a 17-month high after strong profit results on $37 billion revenue, up 3.5%, with Australian food sales up 3.6%. It marked the biggest one-day rise in 30 years, though Big W lagged and staff underpayments impacted statutory profits.
WiseTech Global to Cut 2,000 Jobs for AI Embrace
WiseTech Global's shares rose 11% after founder announced cutting 2,000 jobs, nearly 30% of staff, to integrate AI in software development and services. This highlights AI's role in reshaping workforces globally.
Rate Hike Likely After CPI Surprise
A surprise CPI reading increases likelihood of interest rate hikes, amid mixed market reactions. This tops business stories despite positive equity performance.
Trump Delivers Rollicking State of the Union Address
President Trump's State of the Union speech captivates as a key business story, influencing market sentiments. It rounds out top global business headlines for the day.
Royal Bank of Canada (RY) Pre-Market Earnings Preview
RY reports Q4 2025 earnings pre-market on Feb 26, with 2026 P/E ratio of 14.92 vs industry 12.10, signaling higher growth potential. It missed prior quarter estimates by -2.22% but shows quarterly improvement.
Toronto-Dominion Bank (TD) Earnings Expected
TD set for pre-market earnings release, beating expectations every quarter last year, up to 6.85% beat. 2026 P/E at 14.17 vs industry 12.10 indicates superior growth outlook.
Canadian Imperial Bank of Commerce (CM) Earnings Ahead
CM anticipates pre-market report, with consistent beats including 5.37% in Q4 2025. 2026 P/E ratio of 14.02 exceeds industry average, projecting stronger earnings growth.
Redwire Corporation Reports Q4 and Full Year 2025 Results
Redwire posted Q4 2025 Adjusted EBITDA of $(18.1) million, down YoY, with full-year at $(50.3) million amid EAC adjustments. Forecasts 2026 revenue of $450-500 million, strengthened balance sheet via debt repayment saving $17M in interest.
Backlog hits record $411.2 million.
PACS Group to Release FY and Q4 2025 Earnings
PACS Group plans FY and Q4 2025 earnings after market close on Feb 26, followed by 5:30 p.m. ET call. Operates over 320 post-acute facilities across 17 US states, serving 31,700 patients daily.
Fed's Bowman Testifies on Sound Banking Conditions
Vice Chair Bowman states US banking system remains sound with strong capital, liquidity, and declining non-performing loans. Notes non-bank competition in lending without prudential standards; refining G-SIB surcharge for balance.
US Trucking Faces Freight Recession
US trucking industry in turmoil with plummeting rates post-pandemic, termed 'freight recession' due to inventory gluts. Lowers costs for retailers during contract negotiations in $875B sector.