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Wall Street Has Officially Surrendered to the $500 Billion ETF Rush
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Bloomberg: Bitcoin ETF Good For Investors - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides
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ASX falls; ex-div property stocks tank
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UBS increases Afterpay price target
Alex Gluyas
UBS’ historically bearish view on Afterpay has been lifted slightly, with the broker increasing its price target on the buy now, pay later giant after its launch of one-time cards which the broker said evolves its revenue model.
“The launch of one-time use cards that can be used at non-integrated merchants such as Amazon, significantly increases Afterpay’s total addressable market,” UBS analyst Tom Beadle said.
More significantly, Mr Beadle pointed to the fact that this represents an evolution to Afterpay’s revenue model from merchant fees to “affiliate marketing”.
By Lucy Battersby
After recording two new locally acquired cases, Queensland’s government has decided to introduce a snap lockdown affecting the states most populated areas.
After last night’s announcement from Western Australia authorities, this means Perth, Sydney, and Brisbane are all in snap lockdowns.
11.37am
By Dominic Powell
Hungry Australians tucking in to a Zinger Stacker burger or a three-piece original recipe box have helped listed fast-food giant Collin’s Foods report a better-than-expected full-year result.
Collin’s told investors this morning that revenue for the 12 months to the end of April grew 12.4 per cent to $1.07 billion, with underlying net profit after tax gaining 18.2 per cent to $56.9 million.
Cathie Wood s Ark Investment Files for a Bitcoin ETF
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