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Microsoft Posts Slowest Growth In Six Years, Still Beats Estimates

Microsoft Posts Slowest Growth In Six Years, Still Beats Estimates

Nathan Jolly January 25, 2023 No Comments

Microsoft’s shares are up 4.1 per cent in after hours trading, despite the company posting its slowest revenue growth in over six years. Microsoft signposted a bad December quarter just…

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Consumer Confidence Plummets Ahead Of Rate Hike

Consumer Confidence Plummets Ahead Of Rate Hike

Nathan Jolly January 25, 2023 No Comments

Consumer confidence is down again, after climbing for the first few weeks of 2023. According to the weekly ANZ-Roy Morgan index, consumer confidence decreased by 1.8pts last week to 85.9.…

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Murdoch Abandons Fox/News Corp Merger

Murdoch Abandons Fox/News Corp Merger

Nathan Jolly January 25, 2023 No Comments

Rupert Murdoch has abandoned plans to reunite his media empire, killing a proposed merger between News Corp and Fox. “In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan…

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Telstra CEO “Choosing To Work” Australia Day

Telstra CEO “Choosing To Work” Australia Day

Nathan Jolly January 24, 2023 No Comments

Telstra CEO Vicki Brady has announced that the telco will allow staff to switch the Australia Day public holiday for another day, and that she will be working the day.…

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Zip Revenue Up 12% As BNPL Sector Recovers

Zip Revenue Up 12% As BNPL Sector Recovers

Nathan Jolly January 24, 2023 No Comments

Zip has posted a 12 per cent revenue leap for the December quarter, following similar good reports from Sezzle and Block. Buy now pay later company Zip Co posted $188…

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Samsung Goes After Third-Party TVs With TV Plus

Samsung Goes After Third-Party TVs With TV Plus

Nathan Jolly January 24, 2023 No Comments

Samsung is planning to expand its free ad-supported TV Plus streaming service to competitor’s smart televisions, with reports the Korean consumer electronics leader has been in talks with other companies.…

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Myer Posts Strongest Sales In 18 Years

Myer Posts Strongest Sales In 18 Years

Nathan Jolly January 24, 2023 No Comments

Myer’s CEO John King says its sales for the five months ended December 31 were up 24.8 per cent, the best results for the department store giant since 2004. In-store…

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Apple Looks To Move 25% Of Production To India

Apple Looks To Move 25% Of Production To India

Nathan Jolly January 24, 2023 No Comments

Apple wants a quarter of its production to come from India, according to the country’s trade minister, as the tech giant continues to reduce its reliance on China. India currently…

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Spotify Cuts Hundreds Of Jobs

Nathan Jolly January 24, 2023 No Comments

Music streaming giant Spotify will axe 6 per cent of its 10,000 strong workforce, the latest casualties in a long stream of tech redundancies. “In hindsight, I was too ambitious…

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Microsoft Invests $14B In ChatGPT Maker OpenAI

Microsoft Invests $14B In ChatGPT Maker OpenAI

Nathan Jolly January 24, 2023 No Comments

Microsoft has confirmed the worst-kept secret in the tech world, and announced a “multi-year, multibillion dollar investment” in ChatGPT maker OpenAI. Microsoft is making a A$14 billion investment in the…

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