Uber is 'a ponzi scheme' says Douglass
Magellan's Hamish Douglass says Uber is "99 per cent" certain to go broke in a decade as driverless cars destroy its business model.
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Westpac to sell more of BT
Westpac says it no longer needs its stake in BT Investment Management.
Uber 'the stupidest business in history'
Magellan's boss Hamish Douglass expects Uber to collapse in the next decade and labels the ride-sharing firm a "ponzi scheme".
The 78-year old taking on SurfStitch
A 78-year old retiree who bought his first shares in SurfStitch at $2.12 each is now leading a $100 million class action claim.
Have agencies got their power back?
If the reaction by investors to news of downgrades announced this week is any guide it would seem that credit rating agencies such as Moody's Investors Service and S&P have got their superpowers back.
Housing boom to hobble Amazon
The residential boom in Australia's capital cities could be the biggest barrier to Amazon setting up in Australia.
ASX seesaws higher after China downgrade
The local sharemarket shrugged off a ratings downgrade to China and falling iron ore futures to push slightly higher on Wednesday.
How China cracks down on victims of scams
Problems in China's fast-growing shadow banking sector are threatening not just the country's financial system but also social stability, wh...
Ten minutes was 'too long' to storm Lindt Cafe
Tori Johnson was executed in the 10 minutes that police waited after the gunman's first shot and before they stormed the Lindt cafe, an inqu...
Moody's savages China in ratings downgrade
It is the first time the agency has downgraded China since 1989, the year of the Tiananmen Square massacre when the economy slipped into rec...
