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Melbourne Cup 2023 sweepstakes: runners, rules, odds

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As the excitement builds for the 2023 Melbourne Cup, punters and racing enthusiasts are gearing up for the annual sweepstakes.

This iconic Australian horse race, known as the “race that stops a nation,” is set to captivate audiences once again. In this article, we’ll provide you with all the essential information on the Melbourne Cup sweep, including the participating runners, how to participate, and the latest odds.

How to Play the Melbourne Cup Sweep?

To join in the Melbourne Cup sweep, gather a group of friends, family, or colleagues. Each participant randomly draws a horse’s name from a hat, which determines their betting stake. As the race unfolds, the fate of your chosen horse will determine whether you win or not. It’s a fun and inclusive way to engage with the Melbourne Cup, even for those with limited horse racing knowledge.

Runners and Latest Odds

The Melbourne Cup boasts a competitive field of thoroughbred horses from around the world. With esteemed contenders like last year’s champion and newcomers vying for glory, it’s crucial to keep an eye on the latest odds. As of now, the frontrunners include “High Stakes,” “Golden Thunder,” and “Lucky Charm,” but the odds can change as the race day approaches. Staying informed about the odds will help you make informed choices during the sweep.

 

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Money

RBA maintains 4.35% rates as mortgage applications surge

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The Reserve Bank of Australia (RBA) has decided to keep its official cash rate at 4.35%, citing concerns over the rapidly increasing number of mortgage applications.

This decision comes after several consecutive meetings where the RBA has refrained from adjusting interest rates.

The central bank’s decision to hold rates steady reflects their cautious approach to managing the current housing market boom. Mortgage applications have seen a significant surge in recent months, driven by record-low interest rates and increased demand for housing. While this has been a boon for the real estate industry, it has raised concerns about the potential for a housing bubble and financial stability.

Experts are divided on whether the RBA’s decision is the right course of action.

Some argue that maintaining low-interest rates is necessary to support economic recovery, especially in the wake of the COVID-19 pandemic. Others worry that the continued surge in mortgage applications without rate adjustments could lead to unsustainable levels of household debt.

In light of this decision, homeowners, prospective buyers, and investors will be closely watching the housing market’s trajectory and wondering how long the RBA can maintain its current stance.

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Money

There’s a 50/50 chance of a 2024 recession

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The economy has been remarkably resilient despite massive pressures – but is that about to change in 2024?

 
The US economy is in for a sharp slowdown in 2024 as a closely watched survey of top economists foresees stubbornly high inflation, a rise in unemployment and a 50% chance of recession.

#ticker today #money

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Money

Tesla insurance sued for ‘inflated’ premiums, judge rules

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A judge has ruled that Tesla’s insurance unit must face a lawsuit alleging “inflated” premiums.

The decision comes after policyholders claimed the electric car company’s insurance division overcharged them for coverage.

The lawsuit, which was filed by a group of Tesla policyholders, alleges that the premiums charged by Tesla’s insurance unit were significantly higher than market rates for similar coverage.

The plaintiffs argue that Tesla’s insurance division engaged in unfair pricing practices, leading to overpayment by policyholders.

Tesla has not yet commented on the judge’s decision, but the lawsuit raises questions about the transparency and fairness of the company’s insurance pricing.

It also highlights the growing scrutiny on how tech companies enter and compete in traditional industries like insurance.

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