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Seven local tech billionaires after record high stocks – The Australian Financial Review

Seven local tech billionaires after record high stocks – The Australian Financial Review

Meanwhile Mr Cannon-Brookes and Mr Farquhar are set to be Australia's richest and second-richest people when the 2020 Rich List is published in 10 months' time, should the maker of collaboration software achieve even half of the 65 per cent share price gain it has achieved in the past 10 months.The University Of NSW alumni…
Trade war wipes $38b off ASX, hits tech – The Australian Financial Review

Trade war wipes $38b off ASX, hits tech – The Australian Financial Review

Updated Aug 5, 2019 — 6.31pm, first published at 4.45pmTech stocks led a sharemarket plummet on Monday, as the Chinese yuan dropped below a key level, sparking panic across Asian markets and pushing local shares to their worst session since December.Selling in growth stocks was heavy as investors looked to exit riskier stocks. Tech darlings,…
US labels China a currency manipulator, first time since 1994 – The Australian Financial Review

US labels China a currency manipulator, first time since 1994 – The Australian Financial...

Updated Aug 6, 2019 — 9.25am, first published at 8.23amWashington | The Trump administration formally labelled China a currency manipulator, further escalating its trade war with Beijing after the country's central bank allowed the yuan to fall in retaliation for new US tariffs.While the US Treasury Department's determination is largely symbolic, as the potential punishments are…
Sims defends ACCC crackdown on big tech – The Australian Financial Review

Sims defends ACCC crackdown on big tech – The Australian Financial Review

ExclusiveAug 6, 2019 — 12.00amAustralian Competition and Consumer Commission chairman Rod Sims has stood by his organisation's proposal to place greater regulatory scrutiny on the algorithms that run big tech platforms such as Google and Facebook, and to police any future local acquisitions by the tech giants, saying critics have either misunderstood the plans or…
Tragic financial situation will leave this couple relying on daughter’s support well into retirement

Tragic financial situation will leave this couple relying on daughter’s support well into retirement

Situation: B.C. couple’s retirement savings dragged down by debts, expensive financial productsSolution: With no magic bullet on the horizon, couple will have to rely on aid from daughter long into retirementIn British Columbia, a woman we’ll call Cindy, 35, is a health-care professional just finishing a training program and soon to be moving up in…
‘The genie is out of the bottle’: Gold is having its best week in 3 years after breaching $1,500

‘The genie is out of the bottle’: Gold is having its best week in...

Gold is poised for its best week since 2016 as the metal holds onto gains that propelled it past US$1,500 an ounce and silver trades near a 14-month high.Both metals have rallied amid worries about the global economic outlook and as central banks around the world continue to cut interest rates. The ongoing trade war…
Uber’s cash-burn keeps gathering speed – The Australian Financial Review

Uber’s cash-burn keeps gathering speed – The Australian Financial Review

OpinionThe Lex ColumnUber’s single-minded pursuit of growth has produced a towering monument. A net loss of $US5.2 billion ($7.7 billion) in the space of three months far exceeds anything reported in the past. What does the US ride-hailing group have to show for its vast spend in the second quarter? Slowing growth and more competition.In…
The geniuses that turned conservatives and coal into marketing gold

The geniuses that turned conservatives and coal into marketing gold

OpinionStuck with a totally unsellable product? Take it to Wong, Keneally and Joystick and rescue your reputation!Rowan DeanColumnistThe world of effective advertising campaigns was rocked to its core this week following the astonishingly successful ad campaign created by adland’s latest trendy hotshop, the brilliantly postmodern agency ‘Wong, Albo, Nese, Keneally’, popularly known within the industry…
Canadian housing starts decline 9.6% in July on multi-unit drop

Canadian housing starts decline 9.6% in July on multi-unit drop

Canadian housing starts fell last month, led mostly by a drop in construction of semi-detached, row houses and apartments.Builders started work on an annualized 222,013 units, a drop of 9.6 per cent from the prior month, Canada Mortgage and Housing Corp. reported Friday. That still beat the median forecast of 202,000 units in a Bloomberg…
Judge raps ‘unreasonable’ CRA in TFSA overcontribution case, but taxpayer not off the hook just yet

Judge raps ‘unreasonable’ CRA in TFSA overcontribution case, but taxpayer not off the hook...

It’s happened again. Yet another taxpayer has been hit with harsh penalty tax for inadvertently overcontributing to his TFSA. And the Canada Revenue Agency isn’t being very nice about forgiving the matter.Before turning to the facts and circumstances of this most recent case, let’s review the general rule regarding overcontributions. If you overcontribute to your…

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