Business

Think markets have bottom?  Profit season says be careful

Think markets have bottom? Profit season says be careful

cheap money avalanche But Rob Almeida, global investment strategist and portfolio manager at the $US581 billion ($818 billion) investment giant MFS, says it’s useful to think about how profit margins got to this point. The last two years, when an avalanche of global stimulus payments sparked the surge in demand that has delivered us this …

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Cost relief on the way as NBN offers cheaper internet

Cost relief on the way as NBN offers cheaper internet

“If NBN and industry continue to work constructively, Optus is confident we can provide Australian customers with the outcomes they deserve,” he said. TPG was, however, more critical. While NBN Co has committed to dropping the excess capacity charges on slower entry-level plans – it had already said it would cut them on higher speed …

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Aussie company collapses up to 50 per cent since April, Creditorwatch finds

Aussie company collapses up to 50 per cent since April, Creditorwatch finds

It’s no secret there has been a “massive rise” in Australian companies collapsing but new findings show they have skyrocketed by a whopping 50 per cent since April. The construction industry has faced a particular crisis with dozens of firms going under this year, but everything from billion dollar tech starts up to grocery delivery …

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What Melbourne Airport’s T3 changes mean for Virgin Australia flyers

What Melbourne Airport’s T3 changes mean for Virgin Australia flyers

Melbourne Airport’s ambitious plan to link Terminals 3 and 4 has finally come to fruition, and with it some significant changes for Virgin Australia passengers, including a removal of T3 security – funnelling all via T4 instead – and airside access to the lounge. The reconfiguration is a key element of the hub’s $30 million …

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Wall Street wobbles as inflation rally dissolves

Wall Street wobbles as inflation rally dissolves

The Australian sharemarket is 0.5 per cent lower at 7040.2 before noon after an afternoon swoon saw Wall Street finish its session lower. Energy is the only sector in the black with the property, tech, health and consumer discretionary sectors all down more than one per cent. Wall Street’s early rally dissolved by the afternoon.Credit:Bloomberg …

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Elon Musk's SpaceX Starlink internet proposal rejected

Elon Musk’s SpaceX Starlink internet proposal rejected

Elon Musk’s space company SpaceX recently had an internet proposal rejected by the Federal Communications Commission, a US government agency. The rejection cited SpaceX’s failure to meet promised expectations. The rejection denied SpaceX over $A1.25 billion in funding to offer broadband internet to rural areas via the SpaceX Starlink satellite system, and also canceled nearly …

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