Twitter suspends fake accounts it verified
NEW YORK CITY, RAW – Twitter says it mistakenly verified some fake accounts that the social media company has now permanently suspended, months after restarting its verification program. The company in May relaunched verifications after a years-long freeze on public submissions for the site’s blue check marks, saying only “notable” users would be awarded the…
Branson flies to edge of space and back
LONDON, RAW – Sir Richard Branson hailed the “experience of a lifetime” after flying to the edge of space and back aboard Virgin Galactic’s first fully crewed flight. The billionaire businessman smiled as he headed back to the planet surface after feeling the thrill of weightlessness for several minutes on Sunday afternoon. The launch was…
Investor Signposts: Week Beginning 12 July, 2021
Australia: Jobs data is the highlight The highlight in the coming week is the June jobs data. But both consumer and producer sentiment gauges vie for attention. The week kicks-off on Monday when the Australian Institute of Petroleum (AIP) issues the weekly data on petrol prices. And Datium Insights issues the weekly update on used…
Industry funds chase super-sized nest eggs
CANBERRA, AAP – One of Australia’s largest industry funds has thrown its weight behind calls for superannuation to get to 15 per cent. The compulsory super levy for employers increased to 10 per cent last week and is legislated to step up to 12 per cent over the next four years, despite a campaign by…
Property purchases start for SA motorway
ADELAIDE, AAP – Almost 400 properties will be acquired for the completion of South Australia’s largest infrastructure project with work on the final tunnels for the South Road corridor to begin in 2023. The final stretch of motorway from Darlington to Anzac Highway will cost about $10 billion and create an estimated 4500 jobs with…
How to Choose the Right Trading Platform in Volatile Conditions
Being a cryptocurrency trader, you are well aware that cryptocurrency markets have become increasingly volatile of late. Therefore, staying ahead in cryptocurrency trading can be challenging and risky, considering the leading cryptocurrencies fluctuating values. For instance, Bitcoin can trade at a whopping US$45,000 in the morning, and then a single event relating to business, markets,…
Lew ups stake in Myer, wants board out
SYDNEY, AAP – Retail magnate Solomon Lew has called for the board of the troubled Myer chain to resign after his company increased its ownership. Mr Lew, chairman of Myer’s biggest shareholder Premier Investments, said he and fellow shareholders had heard nothing from the company eight months after then-chair Garry Hounsell resigned. At the time,…
Banks launch review of their own rule book
CANBERRA, AAP – Banks have flagged tougher industry rules with a major review set to investigate tighter standards two years after the damning banking royal commission. The voluntary code is a set of promises made by a bank about how it will treat its customers, including when they run into financial difficulties and face eviction…
The Weighing Machine
Advocates of the “Buy and Hold” school of investing have long clung to the reported quotation from Benjamin Graham, the acknowledged rather of value investing: “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” Taken as written, the quote seems to imply a dichotomy…
J&J says shot is strong against Delta
WASHINGTON, D. C., RAW – Johnson & Johnson says its single-shot COVID-19 vaccine generates strong, persistent activity against the Delta and other highly prevalent variants. Data showed the durability of the immune response lasted through at least eight months, the US-based healthcare company said on Thursday, adding its vaccine was 85 per cent effective and…
