Sunday, March 1

Blog

NZ’s sluggish economy lures thousands of Kiwis to Australia
World News

NZ’s sluggish economy lures thousands of Kiwis to Australia

By Daniel Ziffer, ABC News Industrial designer Liam Hooper has found more job opportunities in Melbourne. Photo: ABC News / Patrick Stone Australia and New Zealand are neighbours, friends and sporting competitors. But they've had vastly different fortunes in the past few years. Staring at a third recession in just two years, Kiwis are moving across the ditch to Australia in substantial numbers, seeking a sunnier economic climate. "The cost of living was just getting out of control," said Alex Cashmore, who moved to Melbourne this year. Alex Cashmore and his wife Taya moved across the ditch this year. Photo: Supplied He and wife Taya bought a house in Auckland as prices peaked in 2021 and just before the official cash rate skyrocketed from 0.25 percent to a peak of 5.5 percent. ...
9 stocks have risen 100% this year and could double again
Business

9 stocks have risen 100% this year and could double again

Nine health-care stocks have more than doubled in price this year, but still have more than 100% upside potential, according to analysts. CNBC Pro screened more than 85,000 firms worldwide for stocks that have risen by 100% so far in 2024. They are all covered by at least five or more analysts, and a have a median price target pointing to more than 100% upside potential over the next 12 months. The Nasdaq-listed stocks are Jasper Therapeutics , Corbus Pharmaceuticals , Rezolute , Trevi Therapeutics , Delcath Systems , Benitec Biopharma , Arcutis Biotherapeutics , Praxis Precision Medicines and Humacyte . Stocks in the biotechnology sector are typically classed by analysts as carrying higher risk for investors than other sectors. Jasper Therapeutics Jasper Therapeutics is a clinical-stage b...
Liam Payne, former One Direction member, spoke of substance abuse before fatal fall
World News

Liam Payne, former One Direction member, spoke of substance abuse before fatal fall

By Dan Heching, Manuela Castro, Mauricio Torres and Alli Rosenbloom, CNN Liam Payne performs at the Hugo label show in the Halle during Berlin Fashion Week on 3 July, 2019. Photo: AFP / DPA Liam Payne, a former member of boyband One Direction, has died after falling from the window of a hotel in Buenos Aires, according to police there. He was 31. Payne's death occurred on Wednesday at a hotel on Costa Rica Street in the Palermo neighbourhood, according to a statement from police provided to CNN. Buenos Aires police said that personnel from the 14B police station went to the hotel on Wednesday afternoon after receiving a 911 call about an aggressive man who was possibly under the influence of drugs or alcohol. The police's statement did not identify that person as Payne. Payne was see...
Harris bashes Trump on Fox News, breaks with Biden
Business

Harris bashes Trump on Fox News, breaks with Biden

Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Geoff Robins | Afp | Getty ImagesKamala Harris on Wednesday distanced herself from President Joe Biden and bashed her Republican presidential rival Donald Trump in a heated interview with Fox News anchor Brett Baier."Let me be very clear, my presidency will not be a continuation of Joe Biden's presidency," Harris said on the conservative news network, after Baier pressed her on whether the vice president would do anything differently than the incumbent."And like every new president that comes in to office, I will bring my life experiences, my professional experiences, and fresh and new ideas," the Democratic nominee said.The 26-mi...
Donald Trump declares himself ‘father of IVF’ in front of all-female audience
World News

Donald Trump declares himself ‘father of IVF’ in front of all-female audience

By Gregory Krieg and Kate Sullivan, CNN Donald Trump. File photo Photo: AFP Donald Trump has declared himself the "father of IVF", a fertility treatment that has come under threat following the US Supreme Court's 2022 decision to overturn Roe v Wade. It is unclear what precisely the former president meant when he made the comment at a Fox News town hall in battleground Georgia that was billed as focusing on women's issues and had an all-female audience. But he has repeatedly returned to the issue - talking up his support for IVF - on the campaign trail, where he has given a long series of confusing or contradictory answers about his stance on abortion. "We really are the party for IVF," Trump told moderator and Fox News host Harris Faulkner on "The Faulkner Focus." "We want fertilisa...
Liam Payne, musician and former One Direction member, dead at 31: reports – National
Entertainment, Movies

Liam Payne, musician and former One Direction member, dead at 31: reports – National

Multiple outlets are reporting that Liam Payne, British musician and a former member of One Direction, has died after falling from the third floor of a Buenos Aires hotel. He was 31. Buenos Aires police said in a statement to the Associated Press that Payne fell from the third floor of the Casa Sur Hotel in the trendy Palermo neighborhood of Argentina’s capital, resulting in “extremely serious injuries.” Medics confirmed his death on the spot, the statement said.Pablo Policicchio, the spokesperson for the Security Ministry of Buenos Aires municipality, said in a statement to The Associated Press that Payne “had thrown himself from the balcony of his room.”He said police were dispatched to the hotel in response to an emergency call about an “aggressive man who could be under the influence o...
LCID, DFS, PPG and more
Business

LCID, DFS, PPG and more

Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per share and revenue of $4.35 billion. CSX — The rail transportation company lost 4% after third-quarter results fell short of Wall Street's forecasts. CSX reported earnings of 46 cents per share on revenue of $3.62 billion, while analysts polled by LSEG anticipated 48 cents per share in earnings and revenue of $3.67 billion. Overall volumes were up 3% from the year-ago period, but revenue per unit was down about 1%. Alcoa — Shares of the aluminum producer jumped nearly 9%. ...
Family members stand behind Lyle and Erik Menendez as they await potential release
World News

Family members stand behind Lyle and Erik Menendez as they await potential release

By Chelsea Bailey and Amanda Musa, CNN Erik Menendez, left, and his brother Lyle listen during a pre-trial hearing on 29 December 1992. Photo: AFP / VINCE BUCCI As the Los Angeles County district attorney weighs new evidence that could see Lyle and Erik Menendez released from prison after more than 30 years, nearly two dozen of their relatives are expected to speak on their behalf at a news conference. In 1996, the Menendez brothers were convicted and sentenced to life in prison without the possibility of parole for the murders of their parents, Jose and Kitty, in their Beverly Hills home. Although they have never denied killing their parents, both men maintained during their trial that they acted in self-defence and suffered years of physical and sexual abuse from their father. Atto...
Lucid shares tumble on public offering of nearly 262.5 million shares
Business

Lucid shares tumble on public offering of nearly 262.5 million shares

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom on May 24, 2024 in San Francisco, California. Justin Sullivan | Getty ImagesShares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public offering of nearly 262.5 million shares of its common stock.The announcement was made in conjunction with plans for Lucid's majority stockholder and affiliate of Saudi Arabia's Public Investment Fund, Ayar Third Investment Co., to purchase more than 374.7 million shares of common stock from Lucid in a "private placement concurrently with the public offering."Following the transaction, Ayar is expected to maintain its approximate 58.8% ownership of Lucid's outstanding common stock, Lucid said in a release.Luci...