A growing number of Australians are turning to credit cards to navigate the challenges posed by escalating living costs, new research shows. At least 15% of Australians, equivalent to 3 million people, have resorted to obtaining a credit card in the past 12 months, according to data released by comparison […]
Economy
Spending on health goods and services soared by $13.7 billion, reaching a total of $241.3 billion, a new report shows. The Australian Institute of Health and Welfare (AIHW) revealed the significant increase in health expenditure occurred from 2021-22 and the spike is attributed to the ongoing challenges posed by the […]
As 2023 draws to a close, an air of cautious optimism is prevailing on Wall Street regarding stock market prospects in the upcoming year. Despite lingering risks, ranging from elevated inflation levels to political turmoil, analysts predominantly anticipate the ascent of equities in 2024. What fuels this positive outlook is […]
More Australians are resorting to petty theft at supermarkets as they struggle with pressures of the cost of living crisis, new research shows. An extensive survey conducted by Finder.com.au uncovered an alarming trend, with roughly 12% of Australians, roughly equivalent to 2.4 million individuals, have admitted to resorting to theft […]
Tesla Motors was once cruising comfortably in the fast lane as the world’s biggest electric vehicle manufacturer. But the road ahead is starting to look bumpy as CEO Elon Musk grapples with intensifying competition and operational challenges in China, the world’s largest EV market. Just a year ago, Tesla’s remarkable […]
The seven largest technology stocks that have fueled much of the S&P 500’s gains this year are headed into earnings season under intense pressure to deliver strong growth and justify their lofty valuations. Known as the “Magnificent Seven,” Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms have an outsized […]
Australia’s ongoing housing crisis is compelling more and more Australians to return to the nest, seeking refuge with their parents, according to new research conducted by Finder, one of the country’s most frequented comparison websites. In a comprehensive survey of 1,073 respondents, Finder unearthed a striking statistic: 10% of Australians, […]
The abrupt closure of My Forex Funds, a significant player in the world of proprietary trading, continues to send shockwaves throughout the industry. The Commodity Futures Trading Commission (CFTC) made headlines last month after initiating legal proceedings against Murtuza Kazmi and his affiliated entities, collectively operating under the name “My […]
