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JB Hi-Fi sued: Are paid warranties just a scam?

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Australian consumer electronics retailer JB Hi-Fi is in hot water as they face a lawsuit over their extended warranties, which are alleged to offer the same rights that consumers already have for free.

The popular Australian retailer is now under scrutiny for potentially misleading customers with their warranty offerings.

The lawsuit claims that JB Hi-Fi’s extended warranties, which customers can purchase alongside their electronic purchases, do not provide any additional benefits beyond the statutory rights already granted under Australian consumer law. These statutory rights include guarantees of quality and serviceability for products, which are automatically provided to consumers at no extra cost.

The legal action against JB Hi-Fi is being closely watched, as it could set a precedent for how retailers market and sell extended warranties. If the court rules in favor of the plaintiffs, it may lead to changes in the way warranties are offered in the Australian consumer electronics market.

 

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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