Tag: money
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Tesla stock is worth more than Ford
Tesla stock has stunned the stock market by overtaking the 115 year old company Ford in stock value. Tesla’s market cap was US$47.46 billion (AUS$62.5 bn) yesterday, whereas Ford’s market cap decreased to US$44.89 billion (AUS$59 bn). This sudden drop in Ford value is due to recent bad news announced by the company, which contrasted Tesla’s good news. Tesla reported an…
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Supersonic jet secures $43 million in funding
A supersonic jet that has the ability to fly from LA to Australia in under 7 hours has secured AUD$43.3 million in series A funding. The Denver-based start-up company behind the jet is called Boom. Boom secured funding from a variety of funders, including 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures, and Y Combinator’s Continuity Fund. It’s…
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ATO targeting the cash in hand economy
The Australian Tax Office (ATO) is cracking down on the cash in hand economy that generates up to $15 million in turnover each year. Currently, 1.6 million businesses that operate with cash only, including hairdressers, cafes and trade persons. Assistant Commissioner Tom Wheeler has said that the measure is not targeting any particular business. “We know that the majority…
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Reserve bank leaves interest rates at 1.5%
In an unprecedented move, the Reserve Bank has left interest rates at 1.5% for the seventh month in a row. This was the first meeting of 2017 and it has surprised economists that the rates have stayed the same despite concerns about the housing market and the growing economy. The bank’s governor Philip Lowe has…
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New ‘Frugal Movement’ taking over Australia
The ‘Frugal Movement‘ is a movement that is gaining traction all around the world. It involves users being more conscious about where they’re spending their money and breaking the cycle of consumer culture. Many people who are a part of this movement save thousands each year, so it’s confusing to see why we’re all not…
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Bitcoin value overtakes gold for first time
The digital cryptocurrency known as Bitcoin has exceeded the value of gold for the first time since the introduction of the payment method in 2009. Demand for the digital currency has skyrocketed in recent times,particularly in China. Its stock price closed today at a base value of US$1268, with an ounce of gold trailing it at…
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Be careful of the 1:42pm stress
According to a new survey by Groupon, 1:42pm precisely is the most hectic and stressful minute of the day. With an average person spending 8 hours or more at work, they develop patterns of tiredness and drowsiness during the day. 60% of individuals do not have time to relax at home because of family commitments…
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Underpaid writer exploitation
Writers and transcribers are being exploited at an all time high, according to Australia’s Community and Public Sector Union. 10 years ago, an experienced journalist could get a $1 a word. Now it’s less than 5 cents, if that. Unpaid internships have sadly become the norm for students at university. Junior Journalists in their first few years out…
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Sydney faces its biggest auction day of the year
Tomorrow morning, Sydney will face its biggest auction day of the year with over 1,000 houses going under the hammer. This year’s real estate selling season has brought on some of the lowest stock levels in the last 20 years, however, the so called ‘drought’ is now said to be lifting. There are reportedly over…
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Forbes calculates the worth of Kardashians at $122 million
Despite the common negative claims about the production of reality television, Forbes have released a thoroughly detailed list titled ‘Reality Television Highest Earners’. The list was inspired by the 2016 presidential election, where a reality star was made the 45th president of the United States. In short, the list has a total of seven people, whose collective earnings…