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Australian dollar hits high of US 80 cent

Australian dollar hits high of US 80 cent

THE Australian dollar is sharply up against its US counterpart and well above the 80 US cent mark for the first time in a while.  The Australian dollar has surged against a weaker US dollar following a meeting of the European Central Bank.  The benchmark S&P/ASX200 index was down 0.24 per cent at 5,676.1 points […]

Bullishness on China sends copper soaring

Bullishness on China sends copper soaring

Copper’s many applications have made the metal a widely checked barometer of economic health.  TOKYO — Copper prices have surged in recent weeks amid growing optimism about the economic outlook for China and the world, but some warn that the rise has outstripped real demand and a correction could be in the offing.  A rally […]

Fastbrick Robotics Wins National Innovation Awards

Fastbrick Robotics Wins National Innovation Awards

Fastbrick Robotics Limited  (ASX:FBR) are the winner of two National Innovation Awards at the iAwards, the premier technology awards platform in Australia.  Announced as winner of the “Industrial and Primary Industries” category.   Awarded the National “Inspiration of the Year Award” sponsored by the Victorian Government.   Now eligible for the Asia Pacific ICT Alliance (APICTA) Awards […]

North Korea tensions spook share market

North Korea tensions spook share market

The Australian share market is trading lower at noon as the rising geopolitical tensions following North Korea’s latest nuclear test spook investors across the region.  The benchmark S&P/ASX200 stock index was down 0.39 per cent at 5,702.2 points, with all sectors other than materials, gold and telcos weaker.  Markets in Japan, South Korea, Singapore and […]

Why Bitcoin Cash miners are Losing Money Doing It

Why Bitcoin Cash miners are Losing Money Doing It

Over the weekend, the bitcoin cash blockchain experienced a notable technical change.  Like the bitcoin blockchain from which it forked, bitcoin cash is hard-wired to adjust how hard it is for miners to claim its rewards, and on Saturday, it saw such a change. As a result, bitcoin cash was made 300% more difficult to mine.  This, in […]

Apple shares soar healthy iPhone sales

Apple shares soar healthy iPhone sales

Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading. The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per […]

Facebook shuts down AI experiment after Glitch

Facebook shuts down AI experiment after Glitch

A pair of chatbots has recently done something children often do: create a secret language.  Last month, researchers at Facebook found two bots developed in the social network’s AI division had been communicating with each other in an unexpected way. The bots, named Bob and Alice, had generated a language all on their own:   Bob: “I […]

Will amazon fall from grace?

Will amazon fall from grace?

Amazon is reinvesting the cash from its massive revenue-generating machine into getting even bigger.  World domination doesn’t come cheap.   Indeed the fact that Amazon is even suggesting that its third-quarter operating income (from July to September) could fall into negative territory by up to $US400 million ($502 million) is even scarier.  Amazon’s founder, Jeff Bezos, could […]

Carsales’ price increase tipped to increase profits

Carsales’ price increase tipped to increase profits

Carsales.com.au has hiked the price it charges to private advertisers to list cars worth more than $15,000, in a move that is expected to boost its bottomline, according to analysts. The change to a sliding scale of advertising rates, which came into effect last Monday, means the listing price for cars over $30,000 will rise by nearly […]

Low spending boosting the Australian Economy

Low spending boosting the Australian Economy

  Scott Morrison will today launch a strident defence of the government’s fiscal strategy, warning that an earlier than planned return­ to budget surplus risks dampening an economy that is gathering momentum for the first time in ­almost a decade.  The Treasurer will tell the Melbourne Institute/The Australian Economic and Social Outlook Conference that the turnaround […]