ASIC is closely monitoring a financial services conglomerate providing key licences for neobrokers servicing more than 1 million investors, including Stake and Pearler.
Jack Derwin
Markets and finance correspondent
Jack has worked as a business reporter for the better part of a decade, filing from Mexico, Spain, New Zealand and the Pacific. He has previously reported for The Asahi Shimbun, the second largest newspaper in the world, Business Insider and 7News amongst others.
Contact Jack via email or Signal.
The Australian online retail broking market is hurtling towards a price war.
The Mexican fast food chain is inching closer to IPO as new investors back its ambitious vision.
The launch of an ETF often signals the top in an underlying market. Australia's first pure play AI ETF will have a chance to buck the trend.
The ASX is littered with examples of combative investors lighting a fuse under the very companies they are trying to save. John Wylie’s Tanarra Capital says he is on a mission to do things differently.
Australia surprised many when it became the first country in the world to legalise the use of MDMA and psilocybin for medical use last year. Nine months on, progress has been slow.
It's been 12 months since the term was coined but investors are already toasting the demise of the market's latest supergroup.
Elon Musk's automaker has been the untouchable global leader in electric vehicles for years. It's now facing greater competition than ever before.
The online luxury goods platform and ASX battleground stock has moved to deny fresh claims it isn't meeting its US tax obligations.
After four and a half years, the CEO of ASX-listed VC fund Touch Ventures is swapping venture investing for private equity.
The local bourse faces a litany of issues that hurt investors and make it less likely that successful Australian startups will list at home.
It's being described as the biggest battleground stock on the ASX. But whether Cettire is the next Afterpay or destined to disappoint depends on who in the market you listen to.
Some mega caps are looking stretched but this fundie still believes one of its best performers has even further to run.
Semiconductor hopeful Weebit Nano was lured to the ASX in 2016 as part of the Australian exchange’s international growth ambitions.
A multi-year tear made luxury retail platform Cettire a market darling. But the rising star is now in the middle of a classic market stoush.
The market can be a lonely place at times, especially for an analyst with a contrarian call on a stock that just keeps rising.
Today the ASX hit a record high, following Wall Street's lead as AI hype continues to boost markets. There was less good news for some of the local market's biggest news publishers.
The fallen AI software company Dubber, which was briefly worth over $1.2 billion, has suspended trading and its managing director as it tries to locate its own funds.
While it's well-established that Block’s record acquisition of Afterpay came at the top of the market, one part of the story remains untold: how close the deal may have come to falling apart.
Afterpay, one of Australia’s most recognisable startups, made history when it sold for $39 billion. Two years later and amid major upheaval at parent Block, insiders say its future is in doubt.
But the big four bank has masterfully retained a lucrative government contract to cover public servants' travel and expenses.
With Altium set to peel off the local sharemarket, investors are looking hard for the next generation of Australian tech companies.
As the world’s biggest markets get ready to accelerate trades, market makers warn Australia risks getting left behind.
Altium’s $9.1 billion takeover is being offered up as evidence Australian tech companies can succeed on the local market – and investors hope there’s more to come.
The deal represents one of the largest all cash cross-border transactions in ASX history.
Afterpay-parent Block’s decision to cut more than 1,000 staff has reverberated throughout its global operations. Staff at its payment platform Square fear they could be next.
Jumping by 10% on Tuesday on the back of strong first half years, online home retailer Temple & Webster is on a mission to prove its more than a pandemic play.
One of the standout performers on the ASX so far this year makes technology being used to thwart deadly drone attacks in major conflict zones around the world.
In an internal email obtained by Capital Brief, the Afterpay co-founder named "brand convergence" a key priority, and moved to reassure staff about layoffs.
Afterpay's founders may have pulled off one of the most miraculous exits in Australian startup history. But the VC fund they left behind could be on its last legs as investors push for it to be liquidated.
There's a flood of well-intentioned investors running headlong into green investments. This London asset manager believes many of them are getting it wrong.
Former staff believe the Square and Afterpay owner may not proceed with plans to launch its financial super app in Australia.
Former staff at Afterpay are concerned about the Australian born buy now, pay later platform's survival after a clumsy integration into parent company Block and internal cultural clashes.
The local exchange once courted tech companies from Israel, Ireland and beyond. Now mired in a listing drought, it’s looking closer to home.
The who’s who of Australian mining converged late last week in Perth to make their case for urgent government support. On the industry's wish lists: infrastructure hubs and tax credits.
Chief executive Chris Ellison has spent years assembling a billion-dollar bet on Australian lithium. Even he concedes the market is now in uncharted territory.
Mining industry insiders believe Gina Rinehart and Mineral Resources' Chris Ellison are both well positioned to pounce on distressed assets in the critical minerals sector on the ASX.
