Money

Millennial furniture retailer Made.com goes bust

Published

3 years ago

November 1, 2022

Ahron Young

British online furniture retailer Made.com says it will appoint administrators after running out of cash.

Made.com now becomes one of the first retailers to fail as a result of the squeeze on household budgets across the UK this year.

The group says it intends to appoint administrators after talks to find a buyer failed. It had already suspended customer orders last week.

The online retailer grew during the pandemic when shoppers stuck at home in lockdowns spent money on sofas, coffee tables, lamps and the other items it sold.

But its troubles began when people started returning to their workplaces and cut back on discretionary spending, hitting sales hard.

Made.com’s rapid decline – it floated less than 18 months ago with a value of 775 million pounds ($894 million) – is a warning for retailers across Britain.

End of free spending

It comes as consumers cut back on discretionary spend in the face of rising energy bills, mortgage rates and food prices.

The company’s demise is likely to lead to job losses for its staff of more than 500 people, most of whom are based in London, as well as hit suppliers who are owed money.

It also adds to the pressure on high streets, which have been struggling for years with the growth of online retailing. Retailers have faced further challenges this year from government restrictions designed to stop the spread of COVID-19 infections.

Made.com is just one of the many retailers feeling the squeeze as consumer spending slows down.

The pandemic forced people to stay home and led to an increase in online shopping, but as people start returning to work, they are cutting back on discretionary spending.

Money

Why most Australians aren’t ready for retirement

Australians’ retirement readiness declines as super fund trust wanes; expert shares insights and solutions for financial confidence.

Published

5 hours ago

October 4, 2025

Ahron Young

Australians’ retirement readiness declines as super fund trust wanes; expert shares insights and solutions for financial confidence.

Fewer than one in three Australians feel financially prepared for retirement, with trust in super funds falling and planning gaps widening. In this episode, Dale Gilham from Wealth Within explains why the nation is struggling with financial confidence.

We cover the most common mistakes retirees say they’ve made, how super fund distrust is reshaping decisions, and what role financial planning plays in boosting readiness.

Gilham also outlines the tools and resources Australians are seeking most as they look to secure their financial future. Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Retirement #Superannuation #Finance #Australia #WealthPlanning #MoneyMatters #FinancialFreedom #TickerNews

Money

The fine line between smart investing and risky gambling

Dr. Enticott explains the psychology of risk in investing and offers strategies for safe wealth building. #Investing #Finance #MoneyTips

Published

5 hours ago

October 4, 2025

Ahron Young

Dr. Enticott explains the psychology of risk in investing and offers strategies for safe wealth building. #Investing #Finance #MoneyTips

The difference between a high-risk gamble and a calculated move often comes down to understanding the odds — and respecting them. In this interview, Dr. Steve Enticott from CIA Tax breaks down the psychology behind risky bets.

We discuss how hype-driven investments like meme coins can lure in latecomers, why gambling is statistically designed against the player, and how leverage without a safety net can quickly spiral into financial disaster.

Dr. Enticott also shares practical advice for long-term strategies that focus on building wealth safely, rather than chasing get-rich-quick schemes. Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Hashtags:
#Investing #Gambling #WealthBuilding #Crypto #Finance #MoneyTips #RiskManagement #TickerNews

Money

Bitcoin rises as a safe asset during shutdown

Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

Published

7 hours ago

October 4, 2025

Ahron Young

Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

In Short:
– Bitcoin nears all-time high amid U.S. government shutdown, trading at $123,685.87 on October 3rd.
– In South Korea, Bitcoin surpassed 170 million KRW, reaching 170.96 million KRW on October 3rd.

Bitcoin has reached near its all-time high during the U.S. government shutdown, establishing itself as a safe asset.

On October 3rd, at the U.S. cryptocurrency exchange Coinbase, Bitcoin traded at $123,685.87, closely approaching the record high of $124,290 set in August. This marks a 1.89% increase in just 24 hours and the first time in two months that Bitcoin has surpassed $123,000.In South Korea, Bitcoin’s value also surged, surpassing 170 million KRW for the first time on the night of October 2nd.

The price climbed to 170.96 million KRW at Bithumb on October 3rd, breaking the previous record of 169.90 million KRW from August 14th.

The surge in Bitcoin’s price is driven by increased interest in safe-haven assets amid the government shutdown. Since October 1st, 750,000 federal employees have been placed on unpaid leave, leading investors to consider alternative assets.

Jeff Kendrick of Standard Chartered remarked that the current market situation differs from the 2018-2019 shutdown, as Bitcoin now closely correlates with U.S. government risk.

Bitcoin’s Future

Forecasts suggest Bitcoin’s upward momentum will persist. Standard Chartered predicts Bitcoin could break its all-time high and reach $135,000. JP Morgan analysts foresee a potential rise to $165,000 by year-end.

Historically, October has been a bullish month for Bitcoin, coining the term ‘Uptober’ due to average returns of 20.63% over the last decade. Ethereum is also on the rise, trading around $4,500, contributing to a larger $4.12 trillion cryptocurrency market.