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Uber takes on Amazon with grocery business expansion

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Competition in the online grocery business is heating up

Uber has expanded its grocery delivery business into 400 cities including New York and San Fransisco.

The expansion was fueled by a partnership with the parent company of Safeway and Acme.

Uber is seeing if it can take a cut of the market of delivered groceries, going head to head with Amazon.

Grocery delivery has become an important component of Uber’s business. As more people stayed home due to lockdowns during COVID-19, the number of rides people were taking dropped significantly.

“Uber is uniquely poised to meet consumers’ growing desire to get the things they need from grocery stores and other merchants in an on-demand fashion within hours, if not minutes, rather than days,”

the company said.

The ride-hailing company expects to be able to offer grocery delivery to customers right across the US by the end of the year.

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Money

Will the Fed reserve’s cautious stance tame inflation or stifle growth?

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The Federal Reserve opted to keep interest rates unchanged, signalling concerns over the sluggish pace of inflation improvement.

On this episode of Hot Shots – US Fed Reserve aim for 2%, Elon Musk makes a bold Tesla choice, Amazon makes big movies thanks to AI and fast-food restaurants are facing a big issue with customer retention.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #hot shots #ticker today

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Money

How Hotspotting is driving investment advantage

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In the real estate rumble, how can Australian’s know where to make the best investments?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

Hosted by Mark Wyld.

In this episode, Mark is joined by Tim Graham, General Manager of Hotspotting Australia.

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Money

Research shows daters are looking for solvent partners

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As the cost-of-living crisis continues to grip Australia, new research reveals a shifting landscape in the realm of dating preferences.

According to the survey conducted by eharmony, an overwhelming two-thirds of Australians are now keen to understand their potential partner’s financial situation before committing to a serious relationship.

The findings indicate a growing trend where individuals are becoming more discerning about whom they invest their affections in, particularly as the economic pressures intensify.

Read more: Why are car prices so high?

The study highlights that nearly half of respondents (48%) consider a potential partner’s debts and income as crucial factors in determining whether to pursue a relationship.

Certain types of debt, such as credit card debt, payday loans, and personal loans, are viewed unfavorably by the vast majority of respondents, signaling a preference for partners who exhibit financial responsibility.

Good debt

While certain forms of debt, such as mortgages and student loans (e.g., HECS), are deemed acceptable or even ‘good’ debt by a majority of respondents, credit card debt, payday loans (such as Afterpay), and personal loans top the list of ‘bad’ debt, with 82%, 78%, and 73% of respondents, respectively, expressing concerns.

Interestingly, even car loans are viewed unfavorably by a significant portion of those surveyed, with 57.5% considering them to be undesirable debt.

Sharon Draper, a relationship expert at eharmony, said the significance of financial compatibility in relationships, noting that discussions around money are increasingly taking place at earlier stages of dating.

“In the past, couples tended to avoid discussing money during the early stages of dating because it was regarded as rude and potentially off-putting,” Draper explains.

“However, understanding each other’s perspectives and habits around finances early on can be instrumental in assessing long-term compatibility.”

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