Recap

New Zealand King Salmon (NZK) casts its half-year results, pulling in a loss for the first six months of the year. Fashion retailer Hallenstein Glasson Holdings (HGL) bounces back from the 2020 lockdowns in its latest financials, although warns this round of restrictions will impact profit. We break down what on earth is going on with the US debt ceiling, and why it’s in all the headlines.

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The Warehouse Group (WHS) posts a record profit in its full-year financial results after a jump in sales. Amazon (AMZN) holds its annual launch event and reveals new products, including its very own home robot called Astro. Hair-care company Olaplex is set to list on the NASDAQ exchange later this week under the ticker code OLPX.

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Rua Bioscience (RUA) achieves a “significant milestone” that allows the company to start producing its first medicinal cannabis product. Ford (F) is making its largest single manufacturing investment in the history of the company. Sigma Healthcare (SIG) goes up against Wesfarmers (WES) in the bid for Australian Pharmaceutical Industries (API).

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Synlait Milk’s (SML) posts its largest ever financial loss, although turns over a new leaf saying “today marks the start of a new chapter.” Tesla’s (TSLA) CEO Elon Musk confirms continuing investment in China and sees an end to the semiconductor shortage. Costco Wholesale Corp (COST) grapples with a resurgence in panic buying and supply chain challenges.

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Nike’s (NKE) production delays and supply chain issues cause the athletic apparel maker to lower its sales forecasts. Me Today’s (MEE) been a busy bee, as the health and wellness company gives an update on its business and its acquisition of King Honey. We’re joined by Sonya from Girls That Invest for a general overview of oat milk - the latest millennial craze - and its biggest entity: Oatly (OTLY).

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Cancer-diagnostics company Pacific Edge (PEB) lists on the Australian Securities Exchange (ASX), as well as announcing a capital raise. Dairy giant Fonterra (FSF) releases its full-year results, impacted by high milk prices. Netflix (NFLX) announces it’s acquiring the company of children’s author Roald Dahl. Also we have updates on the Federal Reserve's announcement and Coinbase's dealings with the SEC.

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Markets await the Federal Reserve’s latest policy announcement, due tomorrow morning (NZT). Brookfield Asset Management (BAM) and APA Group (APA) are in a bidding war over Ausnet Services (AST). FedEx’s (FDX) profit falls as it faces pandemic-driven labour shortages and global supply chain issues. Insurance company Tower (TWR) downgrades its earnings guidance.

Following stock markets taking a tumble, we dig deep into what’s happening with China’s Evergrande Group. Kathmandu’s (KMD) profit leaps to $63M, although the company warns of lockdown impacts. In a turn of events, Stride Property (SPG) cancels its plans to take Fabric Property public.

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Manchester United’s (MANU) full year results show a fall in revenue. Resource consent is granted for Summerset Group’s (SUM) new retirement village in the Waikato. Royal Dutch Shell (RDS.A) looks ahead to cutting emissions by investing in low carbon aviation fuel.

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The impact on Air NZ (AIR) of the lockdown and the continuing pause on the travel bubble is revealed. Philip Morris International’s (PM) takeover of Vectura, a respiratory medicine company, is labelled “perverse”. Canva garners a $40 billion USD valuation, but what exactly is a unicorn?

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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.