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10 things you need to know this morning in Australia

Wednesday 27 January 2021

Business Outsider

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NSW will loosen limits on gatherings from Friday – but masks will still be required on public transport

Attendance limits for gatherings will be boosted in New South Wales from midnight Friday, with residents allowed 30 visitors indoors and 50 outdoors.
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Australia's billionaires struck gold during the pandemic. Now it's time to combat rising inequality, analysts say.

Australia's 31 billionaires accumulated $85 billion more between them during the COVID-19 pandemic, according to the latest Oxfam report.
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The Australia-NZ travel bubble looks 'increasingly difficult', but individual states could have their own two-way arrangements

Two-way, quarantine-free travel between Australia and New Zealand may operate on a "state-by-state" basis, NZ Prime Minister Jacinda Ardern says.
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The 4 main reasons that GameStop stock became the target of a Reddit forum with more than 2 million members

GameStop is having a wild week that has little to do with the video-game market. The largest video-game retailer's stock value has exploded, from around $US40 on January 20 to over $US360 on January 27.
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The Reddit traders driving up the price of GameStop are not what you think they are

Look, I get it that a bunch of Reddit traders chasing a multi-billion dollar hedge fund out of the stock market is hilarious. But there's something much darker going on here.
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Apple demolished Q1 earnings estimates and set a new record with $111 billion in revenue

Apple set a new record during its fiscal first quarter with $US111.4 billion in revenue. Apple reported $US65.6 billion in iPhone revenue in the three months following the iPhone 12's October release.
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Facebook blows away Q4 expectations, but calls out Apple's iOS privacy change as a 'headwind' for 2021

Facebook on Wednesday reported $US28.1 billion in Q4 revenue, beating expectations of $US26.4 billion. Facebook said monthly users grew to 2.8 billion, versus 2.76 billion expected by analysts.
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Tesla falls short of Wall Street's expectations as it closes out its first profitable year

Tesla reported its earnings for the final quarter of 2020 on Wednesday afternoon. Elon Musk's automaker missed Wall Street's earnings expectations by about 20%.
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This personal shopper gets paid to source sold-out, high-end fashion items for celebrities – here's how she does it

If you've ever had a stroke of genius that you decided wasn't worth acting on, let Gabriel Waller's story be the push you need to reconsider.

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