Richest 1% of Americans close to surpassing wealth of middle class

The US's historic economic expansion has so enriched one-percenters that they now hold almost as much wealth as the middle- and upper-middle classes combined.The top 1% of American households have enjoyed huge returns in the stock... Source: NZ Herald Business News

By | November 11th, 2019|Business|0 Comments

Auckland Airport backs down on increased airline office rents

Auckland Airport has backed down on office rental rises for airline customers, saving them about $1 million over the next three years.While retailers have been stung with increases of up to 40 per cent, airlines say the airport... Source: NZ Herald Business News

By | November 11th, 2019|Business|0 Comments

NZ shares gain, retirement villages buoyed by Auckland housing market bounce

New Zealand shares gained, led by Summerset Group, as retirement village operators extended their gains following signs of a recovery in the Auckland property market. Abano Healthcare jumped on a takeover bid. The S&P/NZX 50 Index... Source: NZ Herald Business News

By | November 11th, 2019|Business|0 Comments

NZ dollar rises, shrugging off US-China trade war woes

The New Zealand dollar rose, shaking off concerns that the US may not lift tariffs on Chinese imports as much as hoped and as the market jockeys for position ahead of the Reserve Bank's monetary policy statement on Wednesday.The... Source: NZ Herald Business News

By | November 11th, 2019|Business|0 Comments

Apple co-founder says Goldman's Apple Card algorithm discriminates

Apple and Goldman Sachs, two of the most recognisable companies in tech and finance, are caught up in a growing debate over whether lenders unintentionally discriminate when they use complex models to determine how Americans borrow... Source: NZ Herald Business News

By | November 11th, 2019|Business|0 Comments

The biggest shopping day of the year – that Kiwis don't know about

Last year on Singles' Day NZ Post delivered almost three parcels a second, but despite the commercial success of the shopping day, here and around the world, many Kiwis still don't know what it is.Singles' Day, or 11.11 as it is... Source: NZ Herald Business News

By | November 10th, 2019|Business|0 Comments

Final interest rate call of 2019 has markets guessing

The final interest rate review of the year has markets guessing on whether the Reserve Bank will deliver a cut before Christmas or face a three month wait.On Wednesday afternoon governor Adrian Orr will release new forecasts which... Source: NZ Herald Business News

By | November 10th, 2019|Business|0 Comments

PwC Herald Talks: Paul Spain on the Tech Revolution

A tech expert has warned businesses not to sit idle as technology rapidly expands around them.Those who do risk being "relegated to the scrap heap", says Paul Spain, a Tech Futurist and commentator."There's a tendency for many... Source: NZ Herald Business News

By | November 10th, 2019|Business|0 Comments

The early bird gets the worm: Cheap flight tickets to regional destinations dwindling

Travellers hoping to head home to the regions over the Christmas and New Year holidays are being urged to get in early or risk paying through the nose.Experts say as demand increases, so will fares - and suggestions indicate transtasman... Source: NZ Herald Business News

By | November 10th, 2019|Business|0 Comments

Glass disc sends sci-fi into space

When Elon Musk sent his Tesla Roadster into space aboard SpaceX's Falcon Heavy rocket last year, the spacesuit-clad mannequin in the driver's seat had a few essentials packed.A copy of Douglas Adams' The Hitchhiker's Guide to the... Source: NZ Herald Business News

By | November 10th, 2019|Business|0 Comments