ASX resets record high
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
Technology
‘Cheeky’: Shock over surprise Vodafone email
Customers of one of Australia’s biggest telecommunications providers have been slapped with a price increase on their mobile phone plans.
ASX falls on Woolies, mining slump
The benchmark ASX 200 fell 0.74 per cent midweek, with a slump in mining stocks and ‘mixed results’ from supermarket giant Woolworths.
ASX rebounds after weak start
The Australian sharemarket has lifted for the first time this week, as the tech sector benefits from a major takeover bid.
ASX down as major drug trial scrapped
The Australian sharemarket fell on Monday after biotech giant CSL dropped its plans to continue with a major drug trial.
ASX down overall for the week
It was a mixed day for the Australian sharemarket, which was down overall for the week.
Tech, banking help ASX close higher
The Australian sharemarket made gains on Thursday in sectors including technology, banking and utilities.
Utes, SUVs risk price hikes, industry warns
New vehicle emissions caps, designed to force car makers to offer more low emissions models to Australia, could crimp the supply and affordability of utes and SUVs, the automotive industry has warned.
Optus triple-0 outage fail finally revealed
More than 2000 Optus customers were unable to contact triple-0 during the telco’s outage last month, 10 times the number first reported.
Blockchain start-up collapses owing $14m
An Australian blockchain start-up lauded as the future of banking and with key backers from some of the country’s biggest financial institutions has collapsed.
$650 million economic nightmare facing Aus
One state is facing a massive economic blow after a major mining company announced its refinery would gradually close.
‘Expensive waste’ to create new CBD
The agency delivering Sydney’s third CBD has spent $4.5m on consultants, with staff taking several overseas trips, with just “a visitor’s centre to show for it”.
ASX records four-day losing streak
The local benchmark continued to lose ground amid continued uncertainty over the timing and depth of rate cuts.
Employees put on notice for WFH in 2024
Working from home is a perk many employees have been enjoying since the Covid-19 pandemic, but that could change for many people in 2024.
Teen reveals secret to $1m business
A 19-year-old entrepreneur has revealed how he managed to start a successful business at such a young age and gives his one tip to anyone wanting to start their own company.
Australian shares near record high
Australian shares advanced on Wednesday, as a record breaking session on Wall Street helped propel the local market to just 1.2 per cent below record levels.
Huge problem with extended warranties
A consumer law expert has revealed how extended warranties sold by Aussie retailers aren’t really worth what you pay for them, as JB Hi-Fi faces a lawsuit over claims it sold “junk” warranties for more than a decade.
Warning as Bitcoin surges 160 per cent
Bitcoin is now up 160 per cent over the past 12 months and shows no signs of slowing down, but not everyone is jumping back on board.
Sign cash could disappear for good
With cash use in freefall and distribution services becoming increasingly unviable, RBA governor Michele Bullock is racing to fix the problem.
JB Hi-Fi hits back at ‘junk’ claims
Aussie retail giant JB Hi-Fi has hit back after shocking allegations it ripped off customers for more than a decade.
Miraculous ASX turnaround due to one sector
One sector has managed to turn its fortune around on the share market, ending the day on a high after shock news this morning sent prices tumbling.
ASX rallies ahead of RBA decision
Ahead of the RBA’s final board meeting for 2023, the Australian share market reached a 10-week high on Monday as fears of further rate tightening continue to fade.
‘We will change that’: Telstra, Optus on notice
Big economic players will be forced to better protect their customers against cybercriminals as part of a rebooted national strategy.
ABC’s surprise $100k TikTok job offer
The ABC is offering salaries worth $100,000 for Gen Z’s with popular online followings.
Gladys among Optus CEO contenders
The global search is on to find the next chief of embattled telco Optus, with a number of candidates already in the offing.
Dire legal issue looming over Optus
A legal expert has outlined why Optus could face more legal woes after a nationwide outage crippled the country, including the most vital health services.
DP World Australia delayed ‘critical’ fix
DP World Australia did not follow cyber security advice to fix a “critical” exploit that shut down four major ports, disrupting 30,000 containers.
Lifesaving change for common service
The government has launched a new campaign to help make crisis support more accessible to people across the country.
Telstra’s win after Optus outage
Optus customers have started making the switch to Telstra following the national outage last week that affected about 10 million users.
Sneak peek at ‘park of the future’
Australia’s park of the future, which can be controlled from the palm of your hand, has been revealed after a trial site was opened in a lush community estate.
Optus grovelling text to customers
The major telecommunications company is now offering customers an apology along with a special offer.
‘Insult’: Customers slam Optus promise
Optus is under fire again with its promise to customers impacted by the outage slammed as a “slap in the face”.
Optus forced to explain ‘disaster’
Optus will face tough questions around its handling of one of the worst network outages in Australia’s history as it offers extra data to affected customers.
Legal fight looms over Optus outage
Furious Optus customers are already demanding compensation after an outage cut off millions of Australians from phone services.
Uber fined $412k for millions of spam emails
Uber is the latest major company to cough up big to government regulators over one move that infuriated millions of Aussies.
Banking chaos as MP reveals major change
A federal MP has delivered a firey speech, warning that a personal bank struggle proves the dangers of digital identity changes headed for Australians.
‘Lies’: Chilling warning on rise of AI
A former Facebook whistleblower has warned about the rapid growth of artificial intelligence and called for tougher protections in Australia.
ASX down amid Israel-Gaza concerns
There was cautious trading to kick off the week as investors monitor news of the ongoing Israel-Gaza war.
Fashion trailblazer’s big seaweed plan
He has been jet setting around the globe, from New York to Europe, to spread the word on the groundbreaking product his team has developed.
ASX flat despite inflation jump
While inflation data jumped higher for the first time in four months, the local benchmark barely budged on Wednesday.
Google sued after dad’s horror Maps death
A man’s family is taking Google to court after the tech giant’s Maps app directed him to drive off a bridge, which led to his drowning death.
Why AI could cost businesses billions
Experts warn AI will “rapidly and significantly” disrupt more than $600 billion of economic activity.
Major change for 115,000 workers
One of Australia’s largest employers has announced a major change in support for its 115,000 workers.
Billionaire’s shocking WFH confession
Atlassian’s billionaire co-founder Scott Farquhar has made a shocking admission about exactly how much time he spends working from the office.
Company’s shock bounce back on ASX
One company has managed to secure top spot on the Australian share market after losing nearly 20 per cent of its price the previous day.
Share price nosedives as ASX drops
The Australian share market has started the week off on a low but one company has taken the cake in terms of stock price.
New job paying $1.4 million for talent
A host of high-profile companies are offering eye-watering salaries as they look to hire workers with a new and controversial skill.
Fury over Twitter’s child safety policy
Aussie politicians were left gobsmacked and enraged after X executives contradicted the company’s own stated approach to online child safety.
‘May not survive’: WFH company’s 97% crash
WeWork, the struggling rent-a-desk company, has admitted it likely won’t survive the year amid a sensational 97% crash in its share price.
Big day for seven companies on ASX
It’s been a somewhat rocky but mostly positive day of trading on the ASX, as seven stocks hit their highest levels in a year.
Tax fines jump 10,000% in huge ‘crackdown’
As the fallout from the PwC scandal continues, the federal government has announced a raft of major changes in response to tax misconduct.
Aussie bank’s gamechanging new move
Australians wanting to break free from streaming services will be given even greater freedom with a new banking feature,
ASX dips at start of week
Share prices in the mining sector have plummeted on Monday, triggered by the declining price of one product.
Tech giant’s Aussie job cuts
Dozens of Australian workers have been made redundant by a tech giant just months after more than 10,000 jobs were cut.
Aussie tech billionaire splits from wife
An Australian tech billionaire worth $19 billion has reportedly split from his wife after 13 years of marriage.
Another sign Aussies are doing it tough
In more troubling signs for the economy, Australians are spending less in this area, with cracks forming in the digital economy.
Woman’s rant about $50 note goes viral
A Melbourne woman’s rant to her local newspaper about the dangers of moving to a cashless society has resonated with thousands of Aussies online.
India’s most valuable start-up is in crisis
The tech giant promises it will release its financial results after half its board quit, 3000 employees were laid off and its offices were raided.
Business sells for $1, new CEO from Singapore
PwC Australia has appointed a new boss and made a shock $1 decision as it attempts to stem the fallout from the tax leak fiasco.
Westpac reveals major card update
One major bank has unveiled a major update on its credit and debit cards that’s intended to help one group manage their money.
Weird habit of Aussie worth $100m
From skydiving to journaling, one of Australia’s richest young entrepreneurs has revealed his secrets to growing a multimillion-dollar business.
Scam that could cost you thousands
A huge bank has warned its customers to be on the lookout for a scam that could drain their accounts.
Telcos named and shamed over scam texts
Industry watchdog has taken action against three telcos that allowed scam texts to be sent to clients.
Google surges by $82 billion overnight
Google’s share price has surged by A$82 billion overnight after a single announcement that sent the stock market into overdrive.
Company that raised $54m collapses
It counted fashion brand Alexander McQueen and car maker Ford as customers but the Aussie outfit said it was not a “cash-burning start-up”.
Urgent warning issued to Aussies over tax
Australians are being warned to be vigilant over the next few months as the end of the financial year increases the risk of being scammed.
Aussies warned about scammers next month
Australians are being warned to be vigilant over the next few months as scammers are expected to be out in force.
New move to protect personal data
The federal government has announced a new commissioner as it seeks to improve privacy laws following devastating data breaches.
How telcos ‘let down’ customers
A new report has outlined how telcos, including Telstra and Optus, “continue to let down” millions of customers.
Australia Post’s grim future laid bare
The chief executive of Australia Post has revealed the extreme challenges that lie ahead as the organisation struggles to turn a profit.
Musk’s strange change to Twitter HQ sign
Twitter owner Elon Musk has made a very strange change to the signage outside the company’s San Francisco headquarters.
RBA sounds alarm on phone wallets
The Reserve Bank has sounded the alarm on digital wallets such as Apple Pay as it warns change is needed to stop business owners from losing money.
Elon’s bleak $20 billion Twitter update
Elon Musk has revealed Twitter is now worth less than what he paid for it, according to a leaked email he sent staff.
Billionaire opens up on major life change
Australia’s youngest billionaire – who rarely posts on social media – has shared a rare slice of her private life after a major change.
Cost of living causes ‘credit card crisis’
Australians are reaching for their credit cards to make ends meet at frightening rates, with experts now ringing alarm bells on personal finances.
Major firm slashes valuation by $45b
A business that boasts clients including Amazon and Google and was the darling of the tech world has suffered a huge drop in its valuation.
Grim warning: change needed for economy
The Treasurer wants to modernise how the nation’s productivity is recorded, as new report shows it is at the lowest rate in decades.
Hundreds of jobs cut by NBN
The National Broadband Network will slash 500 jobs by June, with “all business units” to be affected by the changes.
‘Spiralled’: Woman’s buy now, pay later hell
A single mother has revealed the dangers associated with buy now, pay later services as the government is urged to beef-up rules for the sector.
Major Aussie company slashes jobs
A well-known tech player that is valued at $66 billion and was recently recruiting for more than 1000 roles has abruptly announced job cuts.
Original URL: https://www.news.com.au/finance/business/technology/page/5