News: Money

Google's annual report shows more web traffic is encrypted

Saturday  13:35,   21 october 2017

For several years now, Google has been exerting pressure to increase the usage of HTTPS across the internet. By defaulting to secure connections on both ends, users can be protected from anyone who may intercept or even manipulate data as it flows[...]

Internet balloons now connect Puerto Rico to Web

Saturday  11:26,   21 october 2017

Google's parent company Alphabet has dispatched its stratospheric Project Loon balloons to deliver Internet service to remote areas of Puerto Rico where cellphone towers were knocked out by Hurricane Maria. Two balloons from Project[...]

Median house price to hit $1M in five Western Sydney suburbs

Saturday  07:31,   21 october 2017

Five suburbs in Western Sydney are expected to reach a median house price of $1 million as early as this month. Homeowners in Lakemba, Colebee, Auburn, Condell Park and Chipping Norton could soon be sitting on properties with million-dollar price[...]

The meteoric rise of craft beer in Australia

Friday  22:16,   20 october 2017
Business Insider Australia

Australians may be drinking beer at 65-year lows, but one segment is bucking the trend - craft beer. According to a recent report, Australian craft breweries generate almost A$500 million in yearly revenue, and this is growing at 10% a year. But[...]

Apple reportedly isn’t producing enough iPhone X units for first weekend sales

Friday  18:26,   20 october 2017

According to a new report from KGI Securities analyst Ming-Chi Kuo, Apple is still facing supply chain constraints for the upcoming iPhone X.  While Apple didn’t disclose exact numbers for first weekend sales last year, the company [...]

Google parent leads $1B Lyft investment, deepening Uber rift

Friday  15:56,   20 october 2017
Associated Press

Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. Google was an early investor in Uber, but now a self-driving car company that it created is suing Uber for[...]

New Apple Mac mini incoming, says Tim Cook himself

Friday  15:20,   20 october 2017

Just when you thought the Mac mini was no more…Tim Cook himself has said that a new Mac mini should be coming in the future. In an email to a customer, shared by MacRumours, the Apple CEO wrote: “While it is not time to share any details, we do plan [...]

Holden closure: How car manufacturing changed Australia forever

Friday  10:26,   20 october 2017

Don Loffler has written many histories of various Holden cars, so it's only fitting his own family history was shaped by one of the lion-badged vehicles. "When I was a boy with our old 1928 Chev, we were really confined to South Australia. One[...]

Domino's data breach: CEO says online ratings system leaked customers' info

Friday  10:10,   20 october 2017
Business Insider Australia

Domino's Australia chief executive Don Meij said an online ratings system was the source of a customer data breach. Business Insider on Wednesday reported scammers had possession of Domino's Pizza customer data. The stolen data was then used to [...]

The Aussie dollar is soaring against the Kiwi, logging its largest gain in over 2 years

Friday  06:52,   20 october 2017
Business Insider Australia

The Australian dollar has pushed higher, benefiting from a decline in US bond yields and buying against the New Zealand dollar. Here's the scoreboard as at 7.45am[...]

JPMorgan explains the market impact of the shock New Zealand election outcome

Friday  06:36,   20 october 2017
Business Insider Australia

New Zealand's Labour party has carried off an extraordinary coup, securing power through a deal with the conservative NZ First party. Here's an excerpt from a rapid-fire reaction note from JPMorgan analyst Ben Jarman on what it means for[...]

Australia shares post seventh day of gains; New Zealand also up

Friday  05:46,   20 october 2017

Australian shares trimmed early gains but still ended higher for a seventh straight session on Thursday, largely shrugging off data which showed China's economic growth eased slightly in the third quarter. Markets are more focused on whether[...]

Brave Bev outwits pension-predator tradies

Friday  05:46,   20 october 2017

A 72-year-old pensioner has pulled the pin on a group of dodgy tradies who tried to charge her an extra $4000 for unnecessary work. When Melbourne woman Beverley Grieve noticed a couple of busted tiles on her roof, she called a All Guard Roofing, a[...]

Curtain comes down on Aussie car industry

Friday  05:45,   20 october 2017

The curtain is set to come down on Australia's car manufacturing industry as Holden prepares to end vehicle assembly in South Australia.When the last Commodore officially rolls off the line on Friday, it will bring a close to more than 50 years[...]

Apple and tech weighs on Wall St, Dow Jones closes at fresh record

Friday  05:45,   20 october 2017

It has been a disappointing day for global stock markets - with Asian and European markets closing lower, and Wall Street putting in a mixed performance. This morning's US trading session happens to coincide with the 30th anniversary of the Black[...]