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Federal government takes on Rex debt

  • The ASX experienced declines as all four major banks reported losses, with CBA down 0.7 percent, while the S&P 500 rose by 0.6 percent, nearing its all-time high.
  • Netflix reported nearly 19 million new subscribers, attributing growth to live events and announced plans to raise subscription prices in the US and other countries.
  • Myer shares increased by 2.2 percent after 95.5 percent of shareholders voted in favor of merging with Premier Investments' fashion brands.
  • Oracle's stock rose 6.8 percent following the announcement of a joint venture with OpenAI and SoftBank to invest up to $US500 billion in AI infrastructure in Texas.
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