Business

Cost of living crisis: Australia's biggest concern and commuting habits revealed after Covid impact

Cost of living crisis: Australia’s biggest concern and commuting habits revealed after Covid impact

New data reveals how Australians’ habits and concerns have changed since the coronavirus pandemic hit. A lot has changed in two years, and Australians are struggling to find their feet again amid soaring living expenses and the ongoing effects of Covid-19. Research from one of Australia’s largest toll road providers has revealed how our spending …

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Wall Street slides lower, Australian dollar slumps

Wall Street slides lower, Australian dollar slumps

Trading has been choppy throughout the week as the benchmark S&P 500 comes off a four-week winning streak. Pricey technology companies, communication stocks and retailers had some of the biggest losses. Only energy stocks notched gains as the price of US crude oil rose. Bond yields rose significantly. The yield on the 10-year Treasury rose …

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Mark Zuckerberg's Paris metaverse selfie brutally mocked

Mark Zuckerberg’s Paris metaverse selfie brutally mocked

Mark Zuckerberg has posted a selfie from Paris in the metaverse and it’s received a lot of backlash online. People have taken to Twitter to complain about the visual quality of the virtual world that Zuckerberg has already spent billions developing, The Sun reports. The Meta CEO recently posted a metaverse selfie to his Facebook …

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Magellan shares dip as new CEO David George puts faith in scale

Magellan shares dip as new CEO David George puts faith in scale

But that figure was at odds with a nightmare year for Magellan as its funds under management almost halved from $117 billion to $60 billion, forcing a sharp revision of future earnings. Those outflows were a result of persistent underperformance of its main global funds, as well as the turmoil and departure of co-founder and …

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China's most valuable company posts first-ever revenue decline

China’s most valuable company posts first-ever revenue decline

But chief strategy officer James Mitchell dismissed a Reuters report that Tencent was in touch with financial advisors about selling all or much of its $US24 billion stake in food delivery giant Meituan. That report “is not accurate,” he said in response to an analyst’s question on a post-earnings conference call. Beijing remains a headache …

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order esports

Australian esports team ORDER enters voluntary administration

Legendary Australian esports organization ORDER has officially entered voluntary administration, filing a declaration with the Australian Securities & Investments Commission on Monday, 15 August. Staff have reportedly been stood down from their administrative positions, with teams for Counter-Strike, League of Legends and Valorant now left without a support structure. According to Dot Esports, ORDER informed …

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