Latest news with #CBA
News.com.au
5 hours ago
- Business
- News.com.au
Criterion: Back up the dumpster! It's time for an EOFY share purge
Potential tax loss selling candidates include ASX200 inclusions Domino's Pizza Enterprises and IDP Education Investors may want to offset capital gains from successful AI and Trump-related plays But beware: tax-loss selling is governed by ATO rules Tax-loss selling is a fine judgment call, because the dud shares can be on the cusp of a brilliant recovery. In some cases, their worth has been further devalued by EOFY selling that in theory will ease after June 30. But for investors sitting on capital gains from an AI driven splurge on data centres or a fear-driven plunge into gold, offsetting the gains by selling the lost causes makes sense. Or maybe hey want to lighten up on Commonwealth Bank (ASX:CBA) shares and offset the healthy gains Investors must ensure they are genuinely exiting the position, with the taxman's 'wash' rules preventing repurchasing within 45 days. Even then, investors must justify their action, such as independent research changing a call on a stock from 'sell' to 'buy'. Domino's prospects are as flat as its pizza Amid a string of downgrades, Domino's Pizza Enterprises (ASX:DMP) shares have lost 88% of their value since peaking in September 2021. Domino's problems include underperforming French and Japanese operations, while measures including store closures have failed to turn the company's fortunes. Long-time CEO Don Meij departed in November last year, while the Europe and Japan chiefs have also left the building. As with McDonald's decades previously, Dominos mastered the art of industrial scale, ultra fast production. Maybe the world has reached peak pizza … if that's possible. Busted flush Having seen 70% of the value of their holdings vanish over the past year, Star Entertainment Group (ASX:SGR) investors would have been better off at the blackjack table … and that's not saying much. The owner of gambling dens in Sydney, Brisbane and the Gold Coast, Star was crippled by money laundering and other governance controversies. Star is subject to a convertible note/debt-based rescue bid from US casino operator Bally's Corporation. An independent expert report dubs the proposal as 'not fair' to shaeholders but 'compelling' nonetheless, given the company's dire position. Investors should take the hint. Also pinged for money laundering transgressions, SkyCity Entertainment Group (ASX:SKC) last month warned of 'deteriorating' trading conditions at its Auckland and Adelaide casinos. Skycity shares have fallen 36% over the year. Morningstar dubs them as 'materially undervalued', but the company's luck doesn't look like turning any time soon. A sobering lesson Shares in overseas student wrangler IDP Education (ASX:IEL) plunged 50% after a June 3 profit warning, erasing $1 billion of value. IDP has nowhere to run, with its key geographies of Canada, Australia, the UK and the US all executing migration crackdowns. Overseas students made for a once thriving export industry, but the crackdown has cooked and plucked that golden goose. IDP remains the industry leader and management points to a recovery. The stock remains one class worth wagging, in our humble view. The stock has lost an astonishing 75% over the last year. Shooting Bambi Selling CSL (ASX:CSL) shares is like shooting Bambi, given the almost certain demand for its life-saving plasma derived products. Once the biggest ASX company, CSL has lost 17% of its value because of weakness in its Seqirus flu vaccine division and its acquired Vifor kidney health arm. Lingering concerns over Donald Trump's tariff and drug pricing have also weighed on sentiment. Broker Wilsons describes CSL as 'thorougly over owned'. But - hey - the experts said the same about CBA shares, which continue to defy gravity. Cochlear (ASX:COH) shares also are off the pace. In an earnings downgrade last week, the company noted weakness in developed markets for implant and sound processor sales. New implant and processor products might put things right, but so far investors aren't listening. Small cap cleanout candidates Call recording house Dubber Corp (ASX:DUB) in March 2024 discovered that $30 million of funds had gone missing. This week, the company said it would sue its external auditors over the unrecovered $26.6 million. But with investors sitting on an 80% loss since the incident, they probably should hang up. In the retail sector, shares in plus-sized clothier City Chic Collective (ASX:CCX) have shrunk 35% over the year and 97% over five years. The company recently warned of poor trading here and in the US, while tariffs are a worry. Weight Watchers filed for US bankruptcy in May and Ozempic sales are booming, so maybe there's a nexus. Owner of Kathmandu, KMD Brands (ASX:KMD) on Thursday signalled peak puffer jacket with a weak earnings outlook.
Barnama
12 hours ago
- Business
- Barnama
kioxia Broadens 8th Generation BiCS FLASH™ SSD Portfolio With High-Performance Data Center NVMe™ SSDs To Maximize GPU Utilization In AI And HPC (High-Performance Computing) Workloads
TOKYO, June 20 (Bernama) -- Kioxia Corporation, a world leader in memory solutions, today announced the prototype development and demonstration of its new KIOXIA CD9P Series PCIe® 5.0 NVMe™ SSDs. These next-generation drives are the latest SSDs built with Kioxia's 8th generation BiCS FLASH™ TLC-based 3D flash memory. 8th generation BiCS FLASH™ features CBA (CMOS directly Bonded to Array) technology, a breakthrough architecture that significantly boosts power efficiency, performance, and storage density[¹], while doubling the capacity available per SSD compared with the previous generation model[²]. As GPU-accelerated AI servers drive up the demands on storage infrastructure, maintaining high throughput, low latency, and consistent performance is critical -- including keeping valuable GPUs highly utilized. The KIOXIA CD9P Series is purpose-built for these next-generation environments, delivering the speed and responsiveness required by AI, machine learning and HPC (high-performance computing) workloads to ensure GPUs stay fed with data and operating at maximum efficiency.
Yahoo
13 hours ago
- Business
- Yahoo
Kioxia Broadens 8th Generation BiCS FLASH™ SSD Portfolio with High-Performance Data Center NVMe™ SSDs to Maximize GPU Utilization in AI and HPC (High-performance computing) Workloads
KIOXIA CD9P Series PCIe® 5.0 SSDs Feature Advanced CBA Architecture and TLC Flash, Delivering Breakthrough Performance, Efficiency and Capacity TOKYO, June 20, 2025--(BUSINESS WIRE)--Kioxia Corporation, a world leader in memory solutions, today announced the prototype development and demonstration of its new KIOXIA CD9P Series PCIe® 5.0 NVMe™ SSDs. These next-generation drives are the latest SSDs built with Kioxia's 8th generation BiCS FLASH™ TLC-based 3D flash memory. 8th generation BiCS FLASH™ features CBA (CMOS directly Bonded to Array) technology, a breakthrough architecture that significantly boosts power efficiency, performance, and storage density[1], while doubling the capacity available per SSD compared with the previous generation model[2]. As GPU-accelerated AI servers drive up the demands on storage infrastructure, maintaining high throughput, low latency, and consistent performance is critical -- including keeping valuable GPUs highly utilized. The KIOXIA CD9P Series is purpose-built for these next-generation environments, delivering the speed and responsiveness required by AI, machine learning and HPC (high-performance computing) workloads to ensure GPUs stay fed with data and operating at maximum efficiency. The CD9P Series leverages Kioxia's most advanced 3D flash memory to date, featuring a CBA-based architecture that reduces heat generation, enhances thermal management, and delivers greater overall value through improved performance and power metrics and total cost of ownership. KIOXIA CD9P Series drives deliver 4-corner performance improvements of up to approximately 125% in random write, 30% in random read, 20% sequential read, and 25% in sequential write speeds compared to the previous generation[2]. Furthermore, performance per watt of power consumption has improved by approximately 60% in sequential read, 45% in sequential write, 55% in random read, and 100% (2x) in random write[2]. (Applies to the 15.36 terabyte (TB) model) KIOXIA CD9P Series SSD highlights include (preliminary and subject to change): PCIe® 5.0, NVMe™ 2.0, NVMe-MI™ 1.2c compliant Open Compute Project Datacenter NVMe™ SSD specification v2.5 support (Not all requirements) Form factors: 2.5-inch 15 mm thickness, EDSFF E3.S Read-intensive (1 DWPD) and mixed-use (3 DWPD) endurances Sequential performance (128 KiB/QD32) - 14.8 GB/s Read and 7 GB/s Write Random performance (4KiB) - 2,600 KIOPS (QD512) Read and 750 KIOPS (QD32) Write 2.5-inch capacities up to 61.44 TB and E3.S capacities up to 30.72 TB CNSA 2.0 algorithm support [3](Prepared for the threat posed by quantum computers) KIOXIA CD9P Series SSDs are now sampling to select customers and will be showcased at HPE Discover 2025, taking place June 23-26 in Las Vegas. Notes[1] Compared to the 6th generation BiCS FLASH™[2] Compared to the KIOXIA CD8P Series[3] The KIOXIA CD9P Series supports Leighton-Micali Signature (LMS) algorithm acknowledged by CNSA 2.0[4] as a digital signature algorithm to prevent firmware tampering in preparation for threats to conventional cryptographic algorithms posed by quantum computers. Advanced Encryption Standard (AES-256) with a key length of 256 bits, which is the data encryption algorithm used in CD9P, is also acknowledged by CNSA 2.0.[4] CNSA2.0: Commercial National Security Algorithm Suite 2.0 *2.5-inch indicates the form factor of the SSD and not its physical size.*Read and write speed may vary depending on various factors such as host devices, software (drivers, OS etc.) and read/write conditions.*Performance is preliminary and subject to change without notice. *Definition of capacity: Kioxia Corporation defines a kilobyte (KB) as 1,000 bytes, a megabyte (MB) as 1,000,000 bytes, a gigabyte (GB) as 1,000,000,000 bytes, a terabyte (TB) as 1,000,000,000,000 bytes, and a kibibyte (KiB) is 1,024 bytes. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1GB = 2^30 bytes = 1,073,741,824 bytes and 1TB = 2^40 bytes = 1,099,511,627,776 bytes and therefore shows less storage capacity. Available storage capacity (including examples of various media files) will vary based on file size, formatting, settings, software and operating system, and/or pre-installed software applications, or media content. Actual formatted capacity may vary.*A kibibyte (KiB) means 2^10, or 1,024 bytes.*IOPS: Input Output Per Second (or the number of I/O operations per second) *NVMe and NVMe-MI are registered or unregistered trademarks of NVM Express, Inc. in the United States and other countries.*PCIe is a registered trademark of PCI-SIG.*HPE is a trademark of Hewlett Packard Enterprise Company and/or its affiliates.*Other company names, product names and service names may be trademarks of third-party companies. About KioxiaKioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with "memory" by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems. Customer Inquiries:Kioxia GroupGlobal Sales Officeshttps:// *Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice. View source version on Contacts Media Inquiries:Kioxia CorporationPromotion Management DivisionKoji TakahataTel: +81-3-6478-2404 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13 hours ago
- Business
- Business Wire
Kioxia Broadens 8th Generation BiCS FLASH™ SSD Portfolio with High-Performance Data Center NVMe™ SSDs to Maximize GPU Utilization in AI and HPC (High-performance computing) Workloads
TOKYO--(BUSINESS WIRE)-- Kioxia Corporation, a world leader in memory solutions, today announced the prototype development and demonstration of its new KIOXIA CD9P Series PCIe® 5.0 NVMe™ SSDs. These next-generation drives are the latest SSDs built with Kioxia's 8th generation BiCS FLASH™ TLC-based 3D flash memory. 8th generation BiCS FLASH™ features CBA (CMOS directly Bonded to Array) technology, a breakthrough architecture that significantly boosts power efficiency, performance, and storage density [1], while doubling the capacity available per SSD compared with the previous generation model [2]. As GPU-accelerated AI servers drive up the demands on storage infrastructure, maintaining high throughput, low latency, and consistent performance is critical -- including keeping valuable GPUs highly utilized. The KIOXIA CD9P Series is purpose-built for these next-generation environments, delivering the speed and responsiveness required by AI, machine learning and HPC (high-performance computing) workloads to ensure GPUs stay fed with data and operating at maximum efficiency. The CD9P Series leverages Kioxia's most advanced 3D flash memory to date, featuring a CBA-based architecture that reduces heat generation, enhances thermal management, and delivers greater overall value through improved performance and power metrics and total cost of ownership. KIOXIA CD9P Series drives deliver 4-corner performance improvements of up to approximately 125% in random write, 30% in random read, 20% sequential read, and 25% in sequential write speeds compared to the previous generation [2]. Furthermore, performance per watt of power consumption has improved by approximately 60% in sequential read, 45% in sequential write, 55% in random read, and 100% (2x) in random write [2]. (Applies to the 15.36 terabyte (TB) model) KIOXIA CD9P Series SSD highlights include (preliminary and subject to change): PCIe ® 5.0, NVMe™ 2.0, NVMe-MI™ 1.2c compliant Open Compute Project Datacenter NVMe™ SSD specification v2.5 support (Not all requirements) Form factors: 2.5-inch 15 mm thickness, EDSFF E3.S Read-intensive (1 DWPD) and mixed-use (3 DWPD) endurances Sequential performance (128 KiB/QD32) - 14.8 GB/s Read and 7 GB/s Write Random performance (4KiB) - 2,600 KIOPS (QD512) Read and 750 KIOPS (QD32) Write 2.5-inch capacities up to 61.44 TB and E3.S capacities up to 30.72 TB CNSA 2.0 algorithm support [3] (Prepared for the threat posed by quantum computers) KIOXIA CD9P Series SSDs are now sampling to select customers and will be showcased at HPE Discover 2025, taking place June 23-26 in Las Vegas. Notes [1] Compared to the 6th generation BiCS FLASH™ [2] Compared to the KIOXIA CD8P Series [3] The KIOXIA CD9P Series supports Leighton-Micali Signature (LMS) algorithm acknowledged by CNSA 2.0 [4] as a digital signature algorithm to prevent firmware tampering in preparation for threats to conventional cryptographic algorithms posed by quantum computers. Advanced Encryption Standard (AES-256) with a key length of 256 bits, which is the data encryption algorithm used in CD9P, is also acknowledged by CNSA 2.0. [4] CNSA2.0: Commercial National Security Algorithm Suite 2.0 *2.5-inch indicates the form factor of the SSD and not its physical size. *Read and write speed may vary depending on various factors such as host devices, software (drivers, OS etc.) and read/write conditions. *Performance is preliminary and subject to change without notice. *Definition of capacity: Kioxia Corporation defines a kilobyte (KB) as 1,000 bytes, a megabyte (MB) as 1,000,000 bytes, a gigabyte (GB) as 1,000,000,000 bytes, a terabyte (TB) as 1,000,000,000,000 bytes, and a kibibyte (KiB) is 1,024 bytes. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1GB = 2^30 bytes = 1,073,741,824 bytes and 1TB = 2^40 bytes = 1,099,511,627,776 bytes and therefore shows less storage capacity. Available storage capacity (including examples of various media files) will vary based on file size, formatting, settings, software and operating system, and/or pre-installed software applications, or media content. Actual formatted capacity may vary. *A kibibyte (KiB) means 2^10, or 1,024 bytes. *IOPS: Input Output Per Second (or the number of I/O operations per second) *NVMe and NVMe-MI are registered or unregistered trademarks of NVM Express, Inc. in the United States and other countries. *PCIe is a registered trademark of PCI-SIG. *HPE is a trademark of Hewlett Packard Enterprise Company and/or its affiliates. *Other company names, product names and service names may be trademarks of third-party companies. About Kioxia Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with 'memory' by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems. Customer Inquiries: Kioxia Group Global Sales Offices *Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.
The Australian
14 hours ago
- Business
- The Australian
Smaller banks offering lowest home loan interest rates after RBA rate cuts: canstar
Making one simple change could save tens of thousands of dollars, and that's even before making extra repayments or throwing money into an offset account. The average owner-occupier variable home loan rate is now at 5.8 per cent, comparison group Canstar estimates. So if you're on that rate or above, and especially if you're in the early years of a 30-year mortgage, it might be time to shop around for a better deal. To give you an idea of what you could be paying, the lowest variable offering currently in the market is 5.34 per cent. For first home buyers it's even lower at 5.24 per cent. Who's offering the best rates? Smaller banks and non-bank lenders are offering the most competitive rates. Non-bank lender Pacific Mortgage Group is leading the pack with its 5.34 per cent variable loan but there are plenty of others sitting just slightly higher, per the table below. Again, keep in mind that Horizon's offering is only for first-home buyers. All up, eight lenders are currently offering rates of 5.39 per cent, including People's Choice, RACQ Bank and Australian Mutual, while a handful more have rates as low as 5.44 per cent. All up, 34 lenders now offer at least one variable rate under 5.5 per cent, according to Sally Tindall, head of research at Canstar. 'If your rate's above 5.8 per cent, alarm bells should be ringing. That's just the average, it's not even competitive,' she says. If you're keen to stick with the big four banks, CBA, Westpac and ANZ are currently offering variable rates of 5.59 per cent, while NAB is the outlier at 5.94 per cent. These are the advertised rates but there's often wriggle room for the bank to do a better deal if, for example, your loan-to-value ratio is particularly low. For those looking at fixed rates, there's a handful offering just under 5 per cent. But the cash rate is widely expected to fall further in the near term, meaning variable rates will continue to drop. Refinancing options Do-it-yourself refinancing, that's dealing with the bank yourself rather than through a broker, can be a bit of a pain and time consuming but it can also pay off. Your broker isn't always going to tell you the absolute lowest rates on the market, only the ones they can get for you. But if you've got a broker who can get you a competitive rate, it means they do all the legwork and you don't have to spend hours calling up each lender to get the best deal. Keep in mind, broker or not, switching lenders comes with fresh credit checks and invasive financial questions, as well as refinance fees that can range from $500 to $2000. There's also the risk that you refinance and the Reserve Bank cuts rates but your new lender doesn't pass the cuts on. We may not see this in the current cycle, especially since Treasurer Jim Chalmers was straight onto the banks in February ordering them to pass the RBA cut on, but it's a risk to be aware of. If you can't get a lender to give you a rate near the lowest in the market (5.34 per cent), getting it down from say, 6 to 5.5 per cent, will still mean a big saving. But there are traps to watch for, including the impact of stretching out your loan term back to 30 years. Crunching the numbers for The Australian, Canstar has come up with a couple of scenarios that illustrate the point. A borrower with a $600,000 home loan and 25 years left on their mortgage who refinances to 5.5 per cent and keeps their current loan term will potentially save almost $52,000 in interest. But if that same borrower extended the loan term back out from 25 to 30 years, their monthly repayments would drop by $459 but over the life of the loan they'd actually end up paying $55,000 more than if they'd done nothing at all. Canstar's scenario assumes there's two more RBA rate cuts (which we expect this year), bringing the cash rate to a neutral 3.35 per cent. It also assumes the banks pass on these cuts. No frills, digital only Other offerings in the market to look at are the no-frills, digital-only products like CBA's digi home loan and digital bank Up, which is backed by Bendigo Bank. CBA's digi home loan rate for owner-occupiers is at 5.59 per cent while its offering for investors is a competitive 5.69 per cent. Unloan, another digital-only offering backed by CBA is even lower, at 5.49 per cent. Like other lenders, CBA has seen a pick-up in customers looking to refinance since the RBA kicked off its rate-cutting cycle in February, according to its executive general manager for home buying, Dr Michael Baumann. 'It's a good trigger for customers to look at the interest rate they're paying and figure out whether they're on a good deal,' Baunmann says. The bank has seen a doubling of applications on the digital home loan product in the past year. And in a sign of an increasingly competitive market, CBA recently slashed its rates more than the RBA's 0.25 per cent May rate cut. Over the past six weeks the rate for owner occupiers has come down 31 basis points, while for investors it's down 43 basis points. With market watchers tipping two more RBA rate cuts in the next few months, if you get your lender down to a rate of 5.49 or less before the next cut you could be looking at a rate that starts with a 4 within a few months. Business The latest surge in Bitcoin, along with big players making investments in the sector, is retesting interest in the mysterious asset class. But is it for you? Business From July 1 the way the ATO enforces unpaid debts is changing. For some, it means their interest bill is poised to double.
