The Albanese Government will give the consumer watchdog an additional $30 million to crack down on misleading and deceptive pricing practices and unconscionable conduct in the supermarket and retail sector. The funding will help the Australian Competition and Consumer Commission (ACCC) conduct more investigations, enforcement, and monitoring. This latest push by the federal government follows … Read more
A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024. Cfoto | Future Publishing | Getty Images China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market. The Shanghai … Read more
Laurene Powell Jobs speaks onstage during TechCrunch Disrupt SF 2017. (Photo by Steve Jennings/Getty Images for TechCrunch) Steve Jennings A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. News that Laurene Powell … Read more
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program … Read more
AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant’s remaining ties to the entertainment industry. AT&T said Monday in a filing with the Securities and Exchange Commission that it will receive payments from TPG and DirecTV for its remaining 70% stake in the … Read more
Welcome back to INSIDE MEDIA where we bring you the scoop on media news, with plenty of views, every Monday and Thursday. ABC RACISM REPORT The ABC is bracing for bombshell revelations with the imminent release of a report into racism at the taxpayer-funded broadcaster. Know the news with the 7NEWS app: Download today According … Read more
Multinational aerospace and defence company BAE Systems will open a new head office in Adelaide, creating hundreds of jobs for South Australians. South Australia’s Premier Peter Malinauskas said the company would be homed at Lot Fourteen’s new Innovation Centre at the former Royal Adelaide Hospital site on North Tce. “BAE Systems are set to become … Read more
CVS Pharmacy logo is seen at store in Florida Keys, United States on May 7, 2024. Jakub Porzycki | Nurphoto | Getty Images Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, … Read more
The idea of financial independence can mean different things to different people but one common way to define it is having enough money that you no longer need to rely on a job, a paycheck or someone else to sustain your lifestyle. While the path toward financial independence can feel daunting, there has been one … Read more
It’s official, the Albanese government has delivered its second budget surplus in a row, the first time that’s been done in two decades. The debate amongst economists and politicians will now turn to whether the extra cash should be spent. Treasurer Jim Chalmers budget for the 2023 – 24 financial year was in the black … Read more
