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News
Whyalla blast furnace restart fails, 600 jobs cut
20+ min ago (75+ words) AFR Up to 600 workers at the Whyalla steelworks will be made redundant after administrator KordaMentha and the South Australian government decided to abandon attempts to restart the ageing blast furnace. KordaMentha has been operating the Whyalla steelworks since February last…...
Whyalla blast furnace restart fails, more than 500 jobs to be cut
3+ hour, 35+ min ago (93+ words) AFR Up to 600 workers at the Whyalla steelworks will be made redundant after administrators KordaMentha and the South Australian government decided to abandon further attempts to restart the ageing blast furnace, which has not been operating since April. KordaMentha have…...
Former Sydney banker Hash Patel’s ‘no losing months’ trading pitch
8+ hour, 43+ min ago (99+ words) afr.com A former prominent Sydney banker linked to the collapse of an $833 million hedge fund had previously pitched another foreign exchange trading strategy to investors that projected annual returns of 30 per cent with minimal downside risk. A former business…...
Super mega-funds tell rock-star stock pickers to lift their game
22+ hour, 8+ min ago (97+ words) afr.com Australia’s stock pickers have been told they must adapt or die as superannuation funds allocate more money to cheaper index-tracking quantitative and passive funds, and threaten their rock-star standing in Australia’s $3.3 trillion public equity market. After a shocking…...
This 34-year-old owns over 200 properties. Renters are fighting back
3+ day, 5+ hour ago (173+ words) AFR Australia was built on the dream of owning property. But as that compact unravels, Eddie Dilleen’s clash with a militant renters union exposes a growing fault line. From public housing to 200 properties: Eddie Dilleen says anyone can do it,…...
Are you wealthy enough for private banking? Here are the thresholds
3+ day, 9+ hour ago (126+ words) AFR From skipping call centre queues to lower borrowing rates, private banking comes with major perks. But the price of admission is high. Private banking connects the wealthy with a single point of contact for most of their financial needs....
Echo IQ’s failed trial slashes $600m, dragging down major investors
3+ day, 22+ hour ago (110+ words) AFR Investors in medical software darling Echo IQ have been left nursing significant losses after the drug authority in the United States rejected its application to commercialise its heart disease detection platform, delivering a windfall for hedge funds that had…...
Why investors are letting JB Hi-Fi’s golden goose burn
4+ day, 20+ hour ago (88+ words) AFR JB Hi-Fi is proving itself to be the pin-up of the “softening Australia” sell-off. It’s a lesson all blue chips should heed. JB Hi-Fi shares are tanking harder than Sydney property prices, yet for some reason no one’s talking…...
First Guardian and Shield’s lessons from Warren Buffett
4+ day, 18+ hour ago (98+ words) Banned Garry Crole shares First Guardian and Shield’s lessons from Warren Buffett AFR The Oracle of Omaha’s annual letter to shareholders has inspired a litany of copycat newsletters. When Warren Buffett famously declared “it takes 20 years to build a reputation…...
Companies spruiking AI becoming a red flag for hedge funds
4+ day, 22+ hour ago (93+ words) AFR Investors listening in on earnings calls over the last month would have been inundated with management eagerly spruiking their company’s pivot toward artificial intelligence – regardless of whether the business actually uses it. About 60 per cent of Australia’s 200 biggest companies…...