Zip Co Ltd (ASX:ZIP) provides customers with a revolving line of credit to finance their retail purchase with its brands of Zip Pay, Zip Money and Pocketbook. It is one of the largest Buy Now, Pay Later (BNPL) providers in Australia. Some of its largest clients include Bunnings Warehouse, Appliances Online, EB Games and Officeworks. Zip Co shares once traded under the ‘Z1P’ ticker symbol but have since changed to ‘ZIP’ (the old Ziptel ASX ticker symbol).
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +0.19% to 6856.90.
The Zip Co Ltd (ASX:ZIP) share price is in focus after the buy now, pay later business revealed a positive update for its FY24 first quarter.
The local share market started the week lower, ahead of the US Federal Reserve’s two-day policy meeting, which begins on Tuesday.
On The Australian Investors Podcast this week, Owen Rask and Drew Meredith reflect on results from companies like BHP Group (ASX: BHP), Tesla Inc (NASDAQ: TSLA) and how the NASDAQ 100 (NDQ) has performed.
Are interest rates the only thing that matter? Why are analysts’ valuations of WiseTech Global Ltd (ASX: WTC) all over the place? Andrew Deremith suggests Elon Musk could buy Telstra (ASX:TLS).
The Zip Co Ltd (ASX:ZIP) share price is higher after the buy now, pay later business announced its successful capital raising.
Zip Co Ltd (ASX:ZIP) shares are currently halted as the business plans a capital raising to improve its debt profile.
The Block Inc (ASX:SQ2) share price and Zip Co Ltd (ASX:ZIP) share price are both down on news of buy now, pay later credit regulation.
On The Australian Investors Podcast ‘2 Sense‘ this week, investment analyst Owen Rask and financial planner Drew Meredith, CFP dive into what Washington H. Soul Pattinson & Co. Ltd’s (ASX: SOL) moat really is, whether a financial adviser is worth it, options for income and so much more.
