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Optus & Uber team up to deliver phones in an hour



Aussie telco, Optus has teamed up with Uber in an exciting new way

The telco will start using tech giant, Uber to provide new mobile phones to people’s homes within an hour after ordering them.

The delivery app will distribute new phones ordered by Optus customers as part of a major shift within the telco to focus on experiences for customers when they are not inside stores.

Optus’ managing director of revenue and marketing, Matt Williams, confirmed the exiting partnership, stating that it was the final part of the company’s plans to make the customer experience fast and digitally-led.

“The thing that really distinguishes this is the Uber Eats-style instant gratification.”

Optus’ managing director of revenue and marketing, Matt Williams,

Optus, the second biggest telco in Australia, says its hopeful the new order placement method will attract new customers, and be a favourite with current clients too.

“This is all about lifting the bar in terms of delivering a service that currently doesn’t exist,”

Optus confirmed the decision to work with Uber was not in response to the latest COVID-19 lockdowns in Australia, instead, a useful method to existing and new customers stuck at home.

Who can use the service?

Suburbs within 10 kilometres of Optus stores in Broadway, Paramatta and Miranda in Sydney, Bourke St Mall, Chadstone and Highpoint in Melbourne, and Brisbane’s Garden City, Springfield and Strathpine will be the first to have access to use the service.

Uber began as a ride-sharing company but has since expanded into alternative delivery services run by “Uber Eats.”

It also runs an app for carriers and shippers with freight and services for businesses.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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What will it take for the Fed to cut rates?



Leading economists anticipate a potential shift in the Federal Reserve’s monetary policy, shedding light on the timeline for an interest rate reduction.

Financial experts and analysts have closely examined economic indicators, which suggest that a change in the Fed’s stance may be on the horizon. Factors such as inflationary pressures, employment rates, and GDP growth have all been scrutinized to ascertain when the central bank might decide to cut interest rates.

The consensus among these experts is that a rate cut could occur within the next six to nine months. They point to the Federal Reserve’s commitment to maintaining a flexible approach, adjusting policies as needed to support economic stability. With inflationary concerns still looming and the labor market showing signs of recovery, the timing of a potential rate cut remains a key topic of discussion among financial circles.

The Federal Reserve’s decision on interest rates can have a profound impact on financial markets, investments, and borrowing costs. As such, investors and businesses are keeping a keen eye on developments in this regard, preparing for potential changes in their financial strategies.

Kyle Rodda from spoke with Ticker’s Ahron Young. #featured

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Bank accidentally deposits $86M into client’s account



A financial institution mistakenly deposited over $86 million into a client’s account, causing shockwaves in the banking industry.

The error came to light when the client, a small business owner, checked their account balance and discovered the astronomical sum. It is being hailed as one of the most significant banking errors in recent memory.

The client, who wishes to remain anonymous, reportedly contacted the bank immediately upon noticing the massive windfall. Bank officials were left scrambling to rectify the error, which has raised numerous questions about the institution’s internal controls and safeguards.

The client’s account, initially holding just a few thousand dollars, suddenly displayed a balance that could buy luxury yachts, mansions, and more.

The incident has prompted investigations by regulatory authorities to determine how such an egregious error occurred in the first place.

While the bank has issued an apology and assured the client that the funds will be corrected to the proper balance, it remains unclear how this mistake could have happened on such a colossal scale.

The financial institution may also face potential legal consequences for the error, as well as reputational damage that could impact its future business.

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Tech giants drive global mega-cap surge amid inflation relief



Tech giants have taken the lead in propelling global mega-cap stocks to new heights.

This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.

The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.

The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.

Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?

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