Today's News & Views

 

Opinion

Goodbye to LinkedIn, Twitter and (almost) everyone else

As Facebook and Google soak up an ever larger share of digital ad dollars, Twitter's recent efforts to keep up are "all ...

Dante Ramos 12:01 PM   It has something 320 million people can't do without, but Twitter's recent efforts to keep up with the Big Five are "all sad, and too late".

Packer eyes $1.7b Crown payday

James Packer currently owns 53 per cent of Crown Resorts.

Perry Williams 11:33 AM   James Packer could boost his stake in Crown Resorts by up to $1.7 billion if investors back a break-up of the casino group.

Meet the $9b man ready to pounce on Brexit

Trust the polls, not the bookies, says fund manager Stephen Lingard.

Tom Redmond 10:59 AM   This money manager is loading up on cash to be ready to profit if the UK votes to leave the European Union.

Markets Live: ASX staggers higher

The Australian dollar is dropping and set to cause significant changes on the ASX.

Patrick Commins 10:12 AM   Shares manage gains after six straight sessions of losses.

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Microsoft breaks corporate taboo on pot

Microsoft has teamed up with LA start-up Kind to offer software that tracks marijuana plants from "seed to sale".

Nathaniel Popper 9:26 AM   Until now, even the boring parts of the legalised marijuana world was too controversial for mainstream companies.

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Why investors shouldn't panic about Brexit

The market fireworks following a Brexit may not be as dramatic as investors believe, Capital Economics says.

Vanessa Desloires 9:22 AM   Nerves over Brexit have roiled markets but the fallout after the vote may be less dramatic than feared.

19 costly LinkedIn mistakes you're making

Unfortunately, LinkedIn doesn't have a built-in spell checker, but your browser might.

9:06 AM   With Microsoft buying LinkedIn for $35 billion, now's as good a time as any to revise your profile.

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Deutsche Bank warns of Brexit 'disaster'

Deutsche Bank is the latest global bank to warn of the dangers inherent in a British decision to leave the European Union.

Greg Farrell 8:57 AM   Deutsche Bank chairman Paul Achleitner says a vote for Brexit would mean an 'economic disaster' for the UK and endanger the European Union.

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Revlon buys Elizabeth Arden for $US870m

Elizabeth Arden shares rose nearly 49 per cent after the deal was announced.

Nick Turner 8:52 AM   Cosmetics maker Revlon will buy Elizabeth Arden for $US870 million in a deal that pushed the company's shares up 49 per cent on the day.

'Greater fools' sought as bond yields drop

Haruhiko Kuroda, governor of the Bank of Japan, looks down as he speaks during a news conference on Thursday.

Eliza Ronalds-Hannon and Wes Goodman 8:44 AM   To make money in today's bond market, keep finding the greater fool.

Drugs aren't working for our economy

Many pain drugs have been linked with weight gain.

Michael Heath 8:16 AM   Futile attempts to regulate the sale of codeine-based painkillers illustrate the wider impasse on structural reforms putting a brake on growth.

need2know: ASX set for strong start

The ASX is poised to finish the week strongly.

7:34 AM   Local shares set to open higher with fears of a Brexit appearing to ease.

Airbnb raises $1.36 billion

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7:12 AM   Apartment-sharing startup Airbnb raises US$1 billion (AUS$1.36 billion) from big US banks.

World's biggest passenger jet is going cheap

Airbus A380

Richard Weiss and Andrea Rothman 7:05 AM   Used Airbus Group SE A380 superjumbos are being offered at a 40 percent discount to the $US2 million-plus monthly rental rate for a new plane as leasing firm Doric seeks to spur demand for the second-hand jets.

S&P; 500 higher on shift in Brexit sentiment

Christopher Morie, centre, works with fellow traders on the floor of the New York Stock Exchange.

Joseph Ciolli and Anna-Louise Jackson 7:00 AM   The S&P; 500 Index halted its longest losing streak since February, amid shifting speculation on whether Britain will remain in the European Union.

Gold climbs to two-year high

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6:26 AM   Gold has rallied to a two-year peak after the US Federal Reserve indicated it may wait longer to raise interest rates.

JPMorgan, Goldman most at risk to Brexit shock

Estimates for 2017 earnings per share for JPMorgan would drop by 6.7 per cent to $US5.96 in the event of a Brexit and by ...

Laura J. Keller 5:58 AM   JPMorgan Chase and Goldman Sachs are likely to be hardest hit among America's biggest banks by a possible British disavowal of the European Union.

Australia becoming a part-time employer

Peter Martin dinkus

Peter Martin 5:35 AM   In the Coalition's three years in office part-time employment grew 306,000 and full-time employment just 150,600.

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Elizabeth Knight

Packer's Crown plan: What's the catch?

Elizabeth Knight.

Elizabeth Knight 5:09 AM   James Packer, one of Australia's richest people, just got half a billion dollars richer – at least on paper.

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Pimco to cut jobs as assets fall in wake of Gross's exit

Pimco's assets stood at $US1.5 trillion as of March 31, down from a peak of about $US2 trillion in the first quarter of ...

John Gittelsohn 4:01 AM   Pacific Investment Management Co plans to cut its workforce as assets under management have fallen since the September 2014 departure of Bill Gross.

Kenya may offer tea futures contracts

Children enjoy the last light of the day as they play together in fields of tea bushes in the village of Arwos, in ...

Adelaide Changole 3:26 AM   Kenya, the world's biggest exporter of black tea, is considering introducing the world's first futures contracts for the leaves.

Governments need to step up, says Morgan Stanley

World gross domestic product will grow by 2.4 per cent this year, a pace that's unchanged from 2015 and down from the ...

Enda Curran 3:14 AM   Just like in the 1930s, growth is being constrained by companies unwilling to spend, falling inflation expectations and governments backing away from fiscal stimulus.

Crashed EgyptAir plane, black box found

The search for crashed EgyptAir flight MS804 has found its wreckage and one black box.

Deena Kamel Yousef 12:46 AM   Air-crash investigators have located the wreck of EgyptAir Flight 804 in the eastern Mediterranean, four weeks after the jet disappeared from radar screens with 66 people on board.

Medibank customers hope to get money back with ACCC's help

Sam Harrison received an unexpected hospital bill.

Patrick Hatch and Esther Han 12:15 AM   For 15 years, Sam paid for Medibank's most comprehensive private health insurance, but then, the bills arrived.

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ASX rally fades as Brexit worries resurface

 ASX red

Stephen Cauchi 7:52 PM   Australian shares end flat, an improvement of sorts after five straight losses, after continuing investor caution over a British exit from the European Union wiped out the gains from a promising morning rally.

Renewables rain on power's parade

A rise in renewable energy helps to destabilise power market prices.

Brian Robins 12:15 AM   The surge in renewable energy has left households with whipsawing electricity bills as power companies push through a round of steep price rises.

Clydesdale Bank not spooked by Brexit

Clydesdale Bank has flagged further cost cuts.

Clancy Yeates 6:20 PM   Brexit would trigger volatility, but the impact on the bank would be limited, says Clydesdale Bank chief David Duffy.

Australia is in real income growth recession

Harold Mitchell dinkus

Harold Mitchell 12:15 AM   Charlie says that the economy is not as good as we think.

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Funding to boost take-off of solar on industrial buildings

Solar panels on a commercial building in Melbourne.

Simon Johanson 9:00 AM   The rollout of solar cells on industrial and commercial buildings could accelerate significantly across Australia if an initiative to simplify lease agreements and finance costs is successful in reaching the hip pocket nerves of landlords and tenants

Divsions emerge among CFA volunteers in row over deal

Volunteer firefighters at Greenvale CFA  have condemned  Volunteer Fire Brigades Victoria for its comments about the ...

Nick Toscano and Richard Willingham 6:02 PM   Cracks are emerging in the campaign attacking the Andrews government's deal with the firefighters union, as more volunteers speak out against "misinformation" that is stirring "animosity, anger and uncertainty".