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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 [...]

By | November 11th, 2019|Categories: 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 [...]

By | November 11th, 2019|Categories: 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 [...]

By | November 11th, 2019|Categories: 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 [...]

By | November 11th, 2019|Categories: 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 [...]

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