Black Friday sales scam revealed

Published

2 years ago

November 23, 2022

Black Friday is just days away but consumers are being warned to be on the lookout for retail tricks.

For example, it’s now been revealed that just one in seven Black Friday deals are actual discounts.

Consumer groups followed the discounted sale items at major retailers including Amazon. They watched their prices every day, six months before and after the sale.

Of the deals, 98% of them were actually cheaper or the same price at other times of the year, and none were cheaper on Black Friday alone.

Even taking Cyber Monday into account, consumer groups found that 87% of deals had a lower or equal price at another time of the year.

Amazon has been called out as the worst retailer overall for dubious discounts.

Consumers are being advised that finding a real bargain can be like finding a needle in a haystack.

ASX positioned for strong start after positive stock rebound

Published

3 days ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

3 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

4 days ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending