Money

Telstra expands global presence with new $350m acquisition

Published

5 years ago

August 9, 2021

Anthony Lucas

Australian telco, Telstra is expanding its presence overseas

Telstra will spend $350 million to acquire GP patient management software play MedicalDirector.

MedicalDirector is a software that provides electronic health records, patient and practice management.

Telstra will absorb the software which has about 23,000 clients into its digital health software segment Telstra Health.

Telstra Health chairman Brendon Riley said the takeover would strengthen its presence overseas.

“Telstra Health has transformed substantially over the past five years and this announcement reflects its continuing maturity as a business and its importance as part of Telstra’s long-term growth strategy,”

Telstra expects the transaction to be completed by the end of September.

Just recently the telco giant made all payphones free!

Aussies can now use Telstra payphones for free to call any number locally or nationally.

The telecommunications giant made the announcement today and says the decision is aimed at helping those in crisis situations and boosting connectivity during the pandemic for people without access to a mobile.

Telstra CEO, Andrew Penn stated that the change means that everyone will have access to one of the network’s 15,000 payphones to make a free local or national call to a standard fixed line or a call to an Australian mobile.

“Telstra Payphones are now free phones for everyone to anywhere in Australia. They are an iconic and critical part of our community, and for many Australians, the availability of a payphone is a vital lifeline, especially for those who are vulnerable including the homeless, people who are isolated or someone escaping an unsafe situation.”
TELSTRA CEO ANDY PENN SAID IN A STATEMENT

International calls will still be charged at overseas rates

International and calls to premium and satellite numbers will still incur a cost, while Telstra Air remains free to eligible Telstra customers. Payphones will also become coinless from 1 October 2021 with Telstra Phonecards recommended for dialing international and premium numbers.

Money

Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

Published

8 hours ago

February 9, 2026

Harvey Vargas

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

3 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

3 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker