Latest News

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 […]

Investing in Consumer Monopolies

Investing in Consumer Monopolies

A monopoly exists when a company controls the entire market for a specified product or service and when there are significant barriers to entry in that market.  In the minds of investors, they make good money.  Buffett has always discussed the idea of moat in the company. A moat is a lasting advantage for a company or […]

Mastercard Expands into QR Payments

Mastercard Expands into QR Payments

Mastercard (NYSE:MA) today outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs.choice in retail payments through the planned expansion of its QR-based programs.   “We look forward to the adoption of the EMVCo global QR standards. In the meantime, we’ll continue to work with our customers and partners to […]

Rupert Murdoch to buy Sky (UK) after 2018

Rupert Murdoch to buy Sky (UK) after 2018

Rupert Murdoch’s recurring dream of owning Britain’s biggest pay TV provider won’t become reality until at least 2018. A planned $15 billion takeover of Sky UK, by 21st Century Fox (FOX) faces many more months of scrutiny by U.K. officials after Murdoch declined to offer new concessions to protect Sky’s editorial independence, according to sources familiar with the […]

Great teachings from some of the greatest investors

Great teachings from some of the greatest investors

Investors don’t agree on much, but they do agree that making money in the market comes with a steadfast strategy that is built around a set of rules. Think for a moment about your early days as an investor. If you’re like many, you jumped in with very little knowledge of the markets. When you […]

Slater and Gordon yet another trading halt

Slater and Gordon yet another trading halt

Shares in Slater & Gordon have been placed in a trading halt ahead of an update on the troubled law firm’s class action and a restructure proposal.  The company’s aggrieved shareholders are chasing compensation for the almost wholesale evaporation of the law firm’s value following its ill-judged $1.3 billion acquisition of British professional services firm […]