Money

The Aussie telco with the fastest 5G network

Published

4 years ago

July 26, 2021

Anthony Lucas

The tech-battle is on to find which network has the best 5G technology – and now one crowned the fastest in Australia

A few years after rolling out, 5G is almost everywhere across Australia.

But while the technology still hasn’t quite hit 80 percent coverage of Australia, the hardware is quite common.

As more people use the new technology, the more the telco networks are being tested.

Australia’s three leading telco giants all have their own 5G networks, and now one of the main mobile speed testing platforms has tested all, and one came out on top.

Optus wins fastest network by Ookla

Ookla’s Speedtest app — which is also the app we use to test mobile performance on every phone review — has noted that Optus has jumped to the top of the Australian speed tests, beating out the likes of Telstra and Vodafone.

The tests came from individual users with Ookla comparing 332,972 5G tests across iOS and Android, and finding Optus was the fastest of the telcos.

Ookla found that Optus won, with a download speed at roughly 323.94Mbps, followed just behind with Telstra with 304.14Mbps and then Vodafone at 201.89Mbps.

That’s found in an Ookla report on the Optus 5G win, which also shows that 79,785 devices made the tests, with more tests made on the iPhone 12 Pro Max than any other handset.

“Last year we made a commitment to our customers that we would build Australia’s fastest 5G network and I’m proud to say we’re delivering,”
Matt Williams, Managing Director for Marketing and Revenue at Optus.

“We know that our customers want 5G, in fact eight out of every 10 devices we sell in store today are 5G capable”

5G devices have continued to grow in popularity, with both Samsung and Apple now offering devices that are compatible with the new tech.

What about the little telcos?

Optus is currently the only mobile network provider to allow smaller telcos, known as mobile virtual network operators (MVNOs), to also offer 5G phone plans on the Optus network. SpinTel and Aussie Broadband two of these smaller telcos to now offer 5G plans with Optus coverage.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

3 weeks ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

3 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

3 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar