Money

Australia Post shell out millions for parcel pain

Published

2 years ago

December 20, 2023

Australia Post has been slapped with a hefty bill of $2.9 million in compensation, but it’s not for postage due or late deliveries.

Instead, the national postal service is coughing up the cash to compensate business customers for parcels that have been lost or damaged during transit.

This unexpected turn of events comes as a result of a class-action lawsuit filed by a group of disgruntled business owners who have faced the frustration of missing and mangled parcels. The compensation payout aims to rectify these grievances and restore trust in Australia Post’s services.

The postal service giant has acknowledged the need to address these issues promptly and has committed to improving its parcel handling and delivery procedures.

Customers can expect a more reliable and secure parcel service in the future, as Australia Post takes steps to prevent further disruptions.

In a world increasingly reliant on online shopping, this development begs the question:

Can Australia Post win back the confidence of its business customers with this compensation payout? Only time will tell if this bold move will be enough to rebuild the reputation of this national institution.

Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

12 hours ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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Money

U.S. investors flee stock market for global opportunities

U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

Published

1 day ago

February 23, 2026

Harvey Vargas

U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

U.S. investors are withdrawing money from domestic stocks at the fastest rate in 16 years, with $75 billion leaving equity products over the past six months. The trend accelerated in 2026, with $52 billion pulled from Wall Street so far.

Concerns over AI risks and weaker performance at home are prompting investors to look abroad, even though a softer dollar makes foreign investments more expensive. Emerging markets are seeing inflows at the fastest pace in five years, according to Bank of America.

As global opportunities become more attractive, many U.S. investors are now evaluating overseas markets for growth potential.

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Money

US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

Published

4 days ago

February 20, 2026

Harvey Vargas

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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