Flying taxis are not the future
[ad_1] Joby Aviation is an aerospace company that aims to develop and commercialize an electric vertical take-off and landing (eVTOL) aircraft to create fast, quiet and affordable air transport services. Although the idea of cheap and reliable urban air travel…
The carousel in the stock market is unlikely to abate in the near future, says an economist
[ad_1] Global equity markets may not be out of the woods just yet, as a number of key considerations continue to loom in the near term, according to AMP’s chief economist, Shane Oliver. In a market note, he said the…
Netwealth announces profit of $83 million. for 24 years
[ad_1] In an ASX announcement on Tuesday morning, Netwealth announced its full-year results for FY23–24, with the underlying numbers in line with those it reported in its June quarter results last month. Netwealth reported strong growth in net profit after…
What Really Powers Australian Wealth Platforms?
[ad_1] The continued move towards unbundled advice is having a major impact on Australia’s wealth platform and product providers. While Netwealth and HUB24 are leading the pack when it comes to the new generation of platforms not owned by major…
Fortescue and Australia’s resources sector are at risk amid a slump in iron ore
[ad_1] Shares in the company have tumbled nearly 38 per cent since the start of the year, largely due to a slump in iron ore prices, leaving it among the worst performers in the S&P/ASX 200 index. Iron ore prices…
Markets are on edge amid fears of Iranian retaliation
[ad_1] Volatility in global equity markets appears to be re-emerging after the latest US warning of impending retaliation from Iran, which could include multiple attacks on Israel as early as this week. Speaking at a press briefing on Monday, August…
Regulation, Big Banks Kill Competition: Fintech Inquiry
[ad_1] The statements were made through statements made to the Select Committee on Financial Technology and Regulatory Technology, chaired by Senator Andrew Bragg. The committee, established in September, has received 123 submissions for its inquiry into Australia’s fintech sector. The…
APAC represents a “huge” opportunity for private debt, experts stress
[ad_1] An analysis of plans to invest capital in alternatives over the next 12 months revealed private debt as a favorite among investors globally, with around half of investors noting that they intend to increase their allocation to the asset…
Toll crippled by cyber attack
[ad_1] Toll first learned of the attack on January 31. “We received a targeted ransomware attack that led to our decision to immediately isolate and disable some systems to limit the spread of the attack,” Toll said in a statement…
Australian assets under custody exceed $5 trillion
[ad_1] Assets under custody rose 5.7% to $5 trillion in the six months to June 30, 2024, according to findings from the Australian Custody Services Association (ACSA). This represents a modest increase from the previous period, when assets under custody…