By now 5G has become more than just a tech buzz word. The fifth-generation mobile network is about to become reality for most Australians as major telco providers are well into their 5G infrastructure build. The new network will transform Australia’s entire telecommunications ecosystem into “smart cities.” This transformation allows people to connect not only…
Global multi-asset investment platform eToro has revealed its Top Ten most-bought stocks by Australian retail investors. 2021 portfolios look very similar to those of 2020 as investors pile into a mixture of high-growth stocks in industries such as electric vehicles (EVs) and the sharing economy, as well as stocks that support the global pandemic relief efforts….
WLTH is a brand-new financial services neo-platform providing Australians with a smarter, sustainability-focused solution to financial products but particular residential and commercial loans. WLTH is the latest ‘non-bank’ digital lending and payments platform seeking to disrupt the financial services industry in Australia. The launch follows the recent shutdown of neo-bank Xinja after it failed to…
As 2020 came to a close, I attended AMP Capital’s 2020 review and outlook for 2021, titled From Pandemic to Recovery,” at which the star speakers were the firm’s chief economist, Shane Oliver, and senior economist, Diana Mousina. Oliver began by acknowledging that 2020 “had certainly been an unprecedented year for Australia and global markets,…
Bitcoin is back. The first digital currency, introduced back in 2009, has once again gone on a mammoth bull run and reignited debate over its value. The price of Bitcoin hit all-time highs in 2020 reaching A$50,177, ending the year by doubling in less than a month. Its price is up by more than 330%…
With 2020 behind us, the first year of the pandemic is now history, but recent headlines suggest it is far from over. The virus continues to spread, intermittent lockdowns have become the norm and Australia will soon roll up its sleeves after securing 53.8m doses of the AstraZeneca and 10m doses of the Pfizer vaccines….
Airbnb, one of the largest online home rental companies, made a spectacular debut on the Nasdaq last Thursday, with shares more than doubling to give a US$100 billion valuation on its first day of trade. Shares in Airbnb began trading on Thursday at US$146 per share (A$194), rising 115% above its IPO price of US$68,…
Will trade tensions with China effect Elders? Trade tensions between Australia and China have taken another turn for the worse, following China’s refusal to apologise for posting a controversial image. It is just another jab at Australia in a relentless long list of intimidation tactics China is using to kneecap Australia as political punishment. In…
With less than a month left in 2020, broking firms, analysts and market economists start releasing their crystal-ball predictions for 2021. Most of these predictions are fairly stock-standard, such as “Goldman Sachs expects the S&P 500 to surge 19% from Monday’s close to 4,300 by the end of 2021, with gains tacking on an additional…
The popular home-sharing platform Airbnb is due to list on the NASDAQ tomorrow, with a price range of between US$56 and $60 a share, up from $44 to $50. The float has been a long time in the making, with plans to list dating back to 2015. It’s welcome news to the investors that have…
