Business

Association of Superannuation Funds of Australia research reveals Aussies are struggling to seek advice on superannuation

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Association of Superannuation Funds of Australia research reveals Aussies are struggling to seek advice on superannuation

Many people struggle to keep on top of their personal finances, but one trend in particular could leave Australians “poorer” as they head towards old age. Research has shown almost half of Australians have never sought advice about retirement, according to the Association of Superannuation Funds of Australia (ASFA), with the trend “worrying” experts. WATCH … Read more

BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal

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BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal

BofA bought 6.7 lakh shares in Exxaro Tiles Limited through its European subsidiary BofA Securities Europe SA on Tuesday at a price of Rs 6.4 crore via block deal. The price it paid for each share of this smallcap counter was Rs 96.22. The stock today ended at Rs 95.90 on the NSE, gaining by … Read more

U.S. Steel CEO defends planned sale to Japan’s Nippon, believes deal will close on its merits

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U.S. Steel CEO defends planned sale to Japan’s Nippon, believes deal will close on its merits

U.S. Steel CEO David Burritt on Tuesday defended the company’s planned sale to Japan’s Nippon Steel, expressing confidence that the deal will be completed despite President Joe Biden’s vocal opposition. “We strongly believe the deal closes on its merits,” Burritt said in an interview on CNBC’s “Money Movers.” “It strengthens national security, it strengthens economic … Read more

DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’

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DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’

Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American consumers and merchants paying billions of dollars in … Read more

Retired NFL quarterback Brett Favre says he has Parkinson’s disease

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Retired NFL quarterback Brett Favre says he has Parkinson’s disease

WASHINGTON — Retired NFL quarterback Brett Favre has been diagnosed with Parkinson’s disease, he told a congressional committee Tuesday. Favre made the disclosure as part of his testimony about a welfare misspending scandal in Mississippi. Favre, who does not face criminal charges, has repaid just over $1 million in speaking fees funded by a welfare … Read more

Elliott to call for Southwest special meeting ‘as soon as next week’

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Elliott to call for Southwest special meeting ‘as soon as next week’

A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California.  Kevin Carter | Getty Images Elliott Management said Tuesday it will call a special meeting at Southwest Airlines “as soon as next week,” shortly after the company put forward a sweeping board shake-up … Read more

New 60-day caps introduced for Airbnb and Stayz short-term rental accommodation in Byron Bay

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New 60-day caps introduced for Airbnb and Stayz short-term rental accommodation in Byron Bay

Big changes have kicked in for holiday homeowners in one of Australia’s most popular tourist towns, with new caps limiting how many days they can have guests staying each year. As of Tuesday, owners of short-term rental accommodation in Byron Bay, which are properties rented through Airbnb or Stayz, can only offer their homes up … Read more

5 things to know before the stock market opens Tuesday

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5 things to know before the stock market opens Tuesday

Here are the most important news items that investors need to start their trading day: 1. Inching higher U.S. stocks climbed again Monday as investors digest the Federal Reserve’s major rate cut last week. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose only modestly, as the 30-stock Dow notched another record … Read more

Warner Bros. Discovery, Google partner on AI-generated captions on Max

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Warner Bros. Discovery, Google partner on AI-generated captions on Max

Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery is partnering with Google to integrate the internet giant’s AI technology into its Max video streaming platform to automatically generate captions. The two companies said they were working to make Max’s captions more accurate using a new caption-generation tool, which is being referred to internally … Read more

Novo Nordisk CEO to testify at Senate over weight loss drug prices

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Novo Nordisk CEO to testify at Senate over weight loss drug prices

Lars Fruergaard Jørgensen, CEO of Novo Nordisk, speaks during an interview in New York on Aug. 10, 2022. Christopher Goodney | Bloomberg | Getty Images Novo Nordisk‘s top executive is slated to face a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand … Read more