Social Media Age Checks: 80% Of Australian Kids Under 13 Bypass Restrictions, Report Finds
For children under 13, signing up for an account on platforms like Facebook, Instagram, TikTok, and Snap is a straightforward process that only requires them to declare their age. With no further age-checking tools, the children are able to bypass the age limits.
Superannuation Rides Market Boom: Growth Funds Up 2.2% In January
The positive start to 2025 follows a strong 2024, with the median balanced fund delivering an 11.1% return for the year. Those who invested in high-growth funds, which allocate 96-100% to equities, saw a 3.1% gain in January alone.
Grok 3 Goes Live: Everything You Need To Know About Musk's Most Powerful AI Chatbot
Released late on Monday, Grok 3 marks a major step forward for xAI, which was founded by Elon Musk in 2023. Along with the launch, new features for the Grok iOS and web apps were also unveiled.
AUSTRAC Cracks Down On 13 Crypto And Remittance Firms, Warning Them To Comply Or Lose Registration
Over 50 more companies were under investigation for potential non-compliance, as AUSTRAC was wrapping up a year-long effort to tackle underreporting and non-reporting of suspicious transactions in the industry.
Gen Z Income Expectations: Young Australians Say They Need AU$200K To Live Comfortably
Many are looking at the prospect of saving for a six-figure deposit and taking on a mortgage approaching a million dollars, just to secure a small starter home in one of Australia's capital cities.
Australia Confronts China Over 'Unsafe' Mid-Air Incident In South China Sea
According to the Australian Defense Force, the incident occurred on Tuesday, when the J-16 aircraft released flares just 30 meters from the RAAF P-8 Poseidon.
Gen Z's Retirement Planning: Here Is Why Superannuation Should Not Be Overlooked
Despite the clear financial benefits, research indicates that Australia's understanding of superannuation remains low.
What Is Crypto Lending? Growing Trend In Australia Raises Concerns
Cryptocurrencies are volatile and have no intrinsic value, making them risky assets. If the value of Bitcoin or Ethereum drops sharply, borrowers could lose their collateral.
Albanese To Urge Trump For Australia's Exemption From 25% Steel And Aluminum Tariffs
Trump's decision to introduce 25% tariffs caused a drop of AU$15 billion on the ASX, with the ASX200 falling 0.5% during early trading.
Shein And Temu Face Declining Trust As Australians Question Product Quality
According to Pattern managing director Merline McGregor, despite the initial excitement, many shoppers have found the quality of products and delivery times to be unreliable.
Best Crypto Exchanges In Australia: Where To Buy Digital Assets Safely And Affordably
The top exchanges in the country stand out for their combination of low fees, robust security, and a broad selection of cryptocurrencies.
Could Trump's Tariff Policies Indirectly Hurt Australia's Export Economy?
In 2023, Australia set a new record for grain exports, reaching AU$16 billion. However, these markets may be challenged as other countries, like Canada, cut prices to sell more grain that the U.S. no longer imports.
Qantas Launches Massive International Sale With 400,000 Discounted Seats
The sale covers nearly 30 international destinations, including popular spots in Asia, the Americas, the United Kingdom, and the Pacific. In addition, two new routes -- Darwin to Singapore and Melbourne to Honolulu -- will be launched later this year.
Cryptocurrency Market Tanks As Bitcoin Hits 3-Week Low Amid Trump's Tariff Annoucements
Sydel Sierra, a digital wealth analyst, cautioned Australian investors against panic selling during the downturn. "Zoom out - literally - is my advice," the Digital Wealth Group founder said.
Long-Term Homelessness Surges In 5 Years, Prompts Government's AU$10B Housing Response
Productivity Commission's report highlighted that in 2023-24, about 37,780 people were experiencing "persistent homelessness," a jump from 30,306 in 2019-20.
Superannuation Mistake Might Be Costing Retirees Up To AU$9,000 In Extra Taxes
Funds in the accumulation phase are taxed at 15% on investment earnings, while those in the retirement phase are tax-free.
Ripple's XRP Hits New All-Time High: How To Invest In Australia
Analysts predict that XRP could reach between AU$16.07 ($10) and AU$24.10 ($15) in 2025, depending on how quickly regulatory issues are resolved and how Ripple capitalizes on its expanding global payment network.
With Australia's Core Inflation At 2.4%, Is An RBA Rate Cut Inevitable Now?
According to the Australian Bureau of Statistics (ABS) report released on Wednesday, the annual trimmed mean measure of consumer prices, which excludes volatile items, rose by 3.2% in the three months to December, just below the forecasted 3.3%.
Revenge Quitting: Is The New Trend Threatening Australian Workplaces?
A quick scroll through TikTok reveals a growing number of videos from younger workers who have quit what they label "toxic" jobs. These videos often highlight feelings of dissatisfaction, while some document the exact moments leading up to their resignation.
Some Gen Z Australians Have Over AU$2 Million In Super: A Trend Or Cause For Concern?
ATO recently revealed that 178 Australians under 30 reported superannuation balances exceeding AU$2 million in the 2021-2022 financial year, despite taxable incomes starting at just AU$18,200.
DeepSeek's R1 Model Sparks Sell-Off In Australian AI Stocks, Tech Index Down 1%
Shares of AI-focused companies like Appen, a software firm, and Brainchip, an AI chipmaker, saw significant drops. Appen fell by 3.3%, while Brainchip dropped by 10.3%.
RBA Interest Rate Cut Back In Focus Ahead Of Key Inflation Report
"If the trimmed mean inflation rate cools in line with our expectations it will be very hard for the RBA not to cut rates at its February meeting," AMP chief economist Shane Oliver said.
DeepSeek AI Surges To The Top Of US App Store, Overtaking ChatGPT
The rapid success of DeepSeek has particularly piqued interest due to two main factors: cost-effectiveness and the ability to operate on lower-capability chips, which contrasts with the high resource demands of many leading AI systems.
Top Superannuation Growth Funds Of 2024: UniSuper Leads With 14.7% Return
According to Chant West's senior investment research manager, Mano Mohankumar, the key driver of strong performance in 2024 was the international stock markets.
Coles Debuts Wagon Wheels Hot Cross Buns, Axes Controversial Burger Sauce Flavor
Supermarket giant Coles axed its unpopular Special Burger Sauce Hot Cross Buns, replacing it with a sweeter, limited-edition Hot Cross Bun, drawing inspiration from the iconic Wagon Wheels biscuit.
Putricia Blooms: Sydney's Corpse Flower Draws Crowds Despite Overpowering Stench
Putricia, whose scientific name is Amorphophallus titanum, began showing signs of its impending bloom about a week and a half ago, culminating in its full unfurling on Thursday.
Rivers Shuts Down As Mosaic Brands Fails To Find Buyer After Months Of Search
The closure, which will result in the loss of 650 jobs, marks the latest chapter in the company's ongoing financial struggles.
Qantas Frequent Flyer Program's Expansion Sparks Concerns Over Rising Costs
The new changes also come with an increase in point requirements for reward seat redemptions and higher fees. From August 2025, frequent flyer members will need to use more points to book both domestic and international reward flights, as well as upgrades.
Split The Atom Controversy: Trump's Claim Sparks Backlash From New Zealand Mayor
Mayor Nick Smith of Nelson, the city where famed physicist Sir Ernest Rutherford was born and raised, planned to invite U.S. ambassador to visit the Rutherford memorial.
Macquarie Bank Announces Cut In Fixed Mortgage Rates Ahead Of RBA's Decision
Macquarie, Australia's fifth-largest lender, will now offer a one-year fixed rate of 5.55% for owner-occupiers paying principal and interest, provided they have at least a 30% deposit.
