Money

Optus Australia CEO Kelly Bayer Rosmarin resigns after outage

Published

6 months ago

November 20, 2023

ticker NEWS

Optus, one of Australia’s leading telecommunications companies, has announced the resignation of its CEO, Kelly Bayer Rosmarin, in the wake of a nationwide network outage that disrupted services for millions of customers.

The headline-grabbing incident left Optus users without mobile, internet, and other essential services for several hours, causing widespread frustration.

Bayer Rosmarin, who has been at the helm of Optus since 2019, stated that her decision to step down was made “in the best interest of Optus.”

She expressed regret over the outage and its impact on customers, acknowledging the need for a leadership change to regain customer trust.

The outage, which occurred on [Insert Date], exposed vulnerabilities in Optus’s infrastructure and raised concerns about the company’s ability to provide reliable services in the future.

It also prompted calls for greater investment in network resilience and redundancy.

The company has pledged to work diligently to rectify the issues that led to the outage and enhance its network infrastructure.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending