Money

Amazon emerging as key grocery competitor in Australia

Amazon emerges as a significant grocery competitor in Australia, aiming for same-day delivery in major cities by 2026.

Published

1 year ago

November 25, 2024

ticker NEWS

Amazon is emerging as a significant competitor to Coles and Woolworths in Australia.

Goldman Sachs indicates it is the second-largest online retailer in the country, although its sales remain small compared to major supermarkets.

Amazon plans to enhance its delivery capabilities, aiming for same-day delivery in major cities by 2026.

Since 2011, it has invested $11 billion in Australia, with $5 billion in the past year alone, and it intends to invest another $1.6 billion by 2026.

Projected gross merchandise volume for Amazon is expected to rise from $4.5 billion to $6.5 billion this year.

Grocery sales

Grocery sales, including snacks and beauty products, are a key concern for Coles and Woolworths, with Amazon forecasted to generate $1.3 billion in grocery sales, though this is still only 1% of total supermarket sales.

Amazon considers Australia an “emerging” market, focusing on expanding its grocery offerings to appeal to consumers seeking quick delivery.

To support this, it has established seven fulfilment centres and multiple logistics centres across the country, with a goal for faster delivery.

Online grocery shopping in Australia currently sits at only 7%, significantly lower than the US and UK, indicating potential growth for Amazon.

Both Woolworths and Coles reported strong online sales growth in recent months, which may factor into the ACCC’s ongoing investigation of the supermarket sector.

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

22 hours ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

3 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

4 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews