Lisa Su, president and CEO of AMD, during an interview with Mad Money, broadcasting from CNBC’s San Francisco bureau on November 21, 2019. Jacob Jimenez | CNBC The big winner for investors this year in the generative AI boom was Nvidia. The company’s stock price rocketed 234% as demand soared for the chipmaker’s processors that … Read more
SAN ANSELMO, CALIFORNIA – NOVEMBER 30: A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin … Read more
Israel is apparently preparing to expand its ground offensive in Gaza into a third section of the territory. Palestinian refugee camps were bombarded in central Gaza on Tuesday, residents said. More than 20,600 Palestinians, two-thirds of them women and children, have been killed since the start of the war, according to the Health Ministry in … Read more
Interest rates on some Australian savings accounts could soon surpass six per cent, but one financial expert has issued a warning to savers weighing up a tempting switch. A dozen banks are currently offering customers savings rates above 5 per cent and there are forecasts savings rates could hit 6 per cent in the coming … Read more
Australian mortgage holders can breathe a sigh of relief following the Reserve Bank of Australia’s decision to pause cash rate hikes. The RBA met on Tuesday and decided not to hike the cash rate for only the second time since last May. WATCH THE VIDEO ABOVE: Economists make their rates predictions as threat of recession … Read more
A popular iced coffee brand has been quietly pulled from supermarket shelves nationally. Coca-Cola Australia has discontinued production of Barista Bros, which specialised mainly in iced coffee products. In a statement provided to 7NEWS.com.au, the beverage giant said the “difficult decision” was made after “careful consideration”. Catch the best deals and products hand-picked by our … Read more
A NSW driver has copped a $283 penalty for unwittingly breaking a little-known parking rule. The driver left their car on the grass out the front of their home in Seaforth, in Northern Sydney, on Saturday and came back to discover a parking fine waiting for them. WATCH THE VIDEO ABOVE: Hyundai recalls thousands of … Read more
More than a million families battling the cost of living will get some relief with the federal government’s new childcare rebate boost coming into effect. From Monday, families earning more than $80,000 and less than $530,000 with one or more children under five will receive childcare subsidies of up to 90 per cent depending on … Read more
A popular Asian restaurant with two locations in Melbourne has gone into administration as an emotional post from the company’s co-founder details the company’s struggles. Calia, a restaurant-to-retail brand launched in 2016, went into administration on June 28 according to documents filed with the Australian Securities and Investments Commission (ASIC). Co-founded by Jason Chang and … Read more
An Australian online clothing retailer has collapsed suddenly, becoming the latest business to fall victim to rising costs and falling consumer demand. Australian Made Clothes announced the shock closure via social media this week, confirming the e-commerce business australianmadeclothes.com.au would be shutting. “We simply can’t continue operating,” the post read. “We would like to thank … Read more
