Australian Reddit forum r/ASX_Bets celebrates fast-and-loose trades on the stock market, with 33,000 users memeing their profits — and losses. The board is inspired by r/WallStreetbets, the American forum which recently orchestrated the miraculous rise of GameStop share prices.
Australian influencer Olivia White faced criticism from some for selling a product 'inspired' by her mother, but produced and designed overseas. White told Business Insider she was clear about what value she brought to the product, which entailed sourcing, packaging and sending on distinctive looking champagne flutes.
Victoria will permit visitors from all of New South Wales from 6pm Friday after removing the final 'red' zone from its travel permit system. Every NSW region, apart from the 'orange' Cumberland local government area, will be classified as a 'green' zone.
National Australia Bank is set to acquire neobank 86 400 in a $220 million deal. NAB already had a 18.3% stake in 86 400. It comes at a tough time for the Australian neobank experiment, with vanishingly few independent competitors left.
Gary Kusin, the co-founder of GameStop, told CNBC he's been closely monitoring the Reddit-fuelled frenzy this month. Kusin's son, Ben Kusin, had even been an active member on the Reddit forum cheering on GameStop's rally.
Melvin Capital lost 53% in January, sources told Insider. The Wall Street Journal first reported the loss. The fund ended the month with more than $US8 billion in assets under management.
Pfizer CEO Albert Bourla said the company is working on booster shots that protect against coronavirus variants. South Africa and the UK have identified new strains of the coronavirus that leads to COVID-19.
An interior designer shared the items and trends she would never have in her home. She said she isn't a fan of unorganized clothing racks, Mason jars, or textured walls.
2020 has proved to be a tumultuous year for global markets, with no signs of smooth sailing on the horizon just yet. While market turbulence might be a deterrent to some investors, others will find a way to use it to their advantage.
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