How banks can fight fraud in an instant-payments world
Australia's primary system for transferring funds between two accounts, the Bulk Electronic Clearing System, is slated for retirement by June 2030. This system handles superannuation payments, salaries and dividends. Many payments already go through the New Payments Platform, which was designed to support instant transactions.
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Match Group, Inc. (MTCH): A Bull Case Theory
We came across a bullish thesis on Match Group, Inc. on by tharp05. In this article, we will summarize the bulls' thesis on MTCH. Match Group, Inc. 's share was trading at $32.45 as of July 18th. MTCH's trailing and forward P/E were 16.06 and 11.82 respectively according to Yahoo Finance. A silhouette of an iPhone user scrolling through an online dating app, representing the company's mobile application. Match Group (MTCH), the global leader in online dating with top brands Tinder, Hinge, and faces negative investor sentiment driven by slowing user growth and competitive pressures, but current valuation already prices in pessimism, creating an attractive setup. The company has committed to returning >100% of free cash flow through 2027 via buybacks and dividends—over 35% of its market cap—providing a tangible capital return catalyst. New CEO Spencer Rascoff, co-founder of Zillow, took charge in February 2025 and now directly oversees Tinder, signaling a reset in leadership and execution. Stabilizing Tinder remains key as it dominates MTCH's revenue and margins; management is tackling swipe fatigue, trust issues, and innovation gaps with AI-driven profile optimization, user verification, and new social features like double date. Hinge's continued growth demonstrates that industry demand remains intact, alleviating fears of a structural shift away from online dating. Management targets 4–6% revenue CAGR and 300bps margin expansion by FY27, implying ~$1.1 billion in EBIT, with valuation upside from rerating if Tinder sentiment improves and Hinge expands its share of mix. Risks remain—chiefly Tinder's secular decline, execution missteps, compensation concerns, and competitive churn—but downside is limited by strong cash generation, a diversified portfolio, and potential upside from activist involvement, cost reductions, AI-enabled differentiation, and even a take-private scenario. With disciplined capital allocation, a refreshed management team, and visible catalysts, shares offer a compelling risk/reward profile, where even modest operational improvements could meaningfully re-rate the stock and successful Tinder stabilization could drive material upside. Previously we covered a bullish thesis on Match Group, Inc. (MTCH) by sjt-at-revelata in May 2025, highlighting strong revenue growth, aggressive buybacks, and expansion into high-growth markets. The stock has appreciated about 8.4% since then as capital returns and fundamentals supported sentiment. The thesis remains valid. tharp05 shares a similar view but stresses leadership changes and Tinder stabilization as key catalysts. Match Group, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held MTCH at the end of the first quarter which was 50 in the previous quarter. While we acknowledge the potential of MTCH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.
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How Much the Average Middle-Class Retiree Spends Monthly at Age 70
Turning 70 can feel like hitting a comfortable groove, but that doesn't mean the bills stop coming. While some retirees may have paid off their mortgage or downsized, expenses like healthcare, home maintenance and everyday costs still add up. Knowing what the average retiree spends each month can make it easier to budget wisely and enjoy this next chapter with a little more peace of mind. For You: Read Next: Average Monthly Spending: Around $5,400 According to the Consumer Expenditure Surveys (CE) program from the U.S. Bureau of Labor Statistics, the average retired household spends roughly $5,400 per month or about $65,000 annually. This encompasses essential and discretionary categories like housing, healthcare, food, transportation and more. Trending Now: Breakdown of Major Expenses Here's how average monthly expenses typically break down, according to the data collected in the Consumer Expenditure Surveys (CE) program. Housing – $1,851 per month: Roughly a third of expenses go toward housing, covering mortgage or rent, property taxes, maintenance, home insurance, and utilities. Transportation – $908 per month: Includes car payments, insurance, fuel, and maintenance, which may be higher than many expect post-retirement. Healthcare – $662 per month: Combines Medicare premiums, co-pays, prescriptions, and out-of-pocket costs. Food – $713 per month: Covers groceries and dining out. Utilities and Services – $374 per month: Gas, electricity, water, internet and phone services. Together, these five categories typically account for about 75% to 85% of a retiree's monthly spending. Lifestyle Spending and Discretion Beyond the essentials, many retirees also budget for activities and purchases that add enjoyment and comfort to daily life. Here's a look at some common lifestyle expenses. Entertainment – $287 per month: Including hobbies, travel, dining out, and subscriptions, around 5% of the monthly budget. Other (clothing, furnishings, household services) – $93 per month: Typically modest, around 2% to 3% each. Variations by Income and Age Spending usually declines with age. According to BLS data, total yearly expenditures fell from $83,379 for ages 55 to 64 to $65,149 for those aged 65 to 74. When living costs drop, such as paying off a mortgage or downsizing, retirees may see significant monthly savings. Budget Snapshot for a 70-Year-Old Middle-Class Retiree Below is what a typical monthly budget might look like. Category Monthly Amount Housing $1,850 Healthcare $650 Food $700 Transportation $900 Utilities and Services $370 Entertainment and Hobbies $280 Other (clothing/misc) $300 Total $5,050 Considerations and Planning Tips Healthcare will rise: Medical needs and the bills that come with them tend to grow significantly after age 75. In fact, healthcare costs are already climbing: as of June 2024, medical care prices rose 3.3% year-over-year, slightly outpacing overall inflation at 3%, according to Health System Tracker. Since expenses often accelerate later in retirement, planning ahead for rising healthcare costs is more important than ever. Housing flexibility: Strategies like downsizing, moving to tax-friendly areas or taking a reverse mortgage may offer savings. Tax and inflation protection: Staying aware of Social Security cost-of-living adjustments and tax bracket changes can preserve spending power. Guard against longevity risk: Given high life expectancy, make sure your savings last via annuities, diversified accounts and smart withdrawal strategies. A 70-year-old middle-class retiree typically spends around $5,400 per month, with housing, healthcare, food and transportation making up most of the budget. Understanding where the money goes and how spending changes with age helps retirees better align their savings and lifestyle goals and ensures they don't run out of money too quickly. By planning thoughtfully, staying flexible and adjusting for healthcare and longevity, retirees can enjoy financial confidence well into their golden years. More From GOBankingRates I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on How Much the Average Middle-Class Retiree Spends Monthly at Age 70 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Palantir Technologies (PLTR): 'I'm Gonna Revise My Price Target When It Gets To 200,' Says Jim Cramer
We recently published . Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed. Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics company whose shares have gained 98% year-to-date. The firm has experienced a positive environment driven by its ability to help the US government cut costs, leverage AI to increase business efficiencies, and strong earnings reports with strong Rule of 40 scores. In his previous comments about Palantir Technologies Inc. (NASDAQ:PLTR), Cramer has boasted that he was among the first to call a $100 price level. This time, he reiterated his opinion and added that he was ahead of analysts who were now raising the firm's share price target to $200: 'Remember Palantir, I said at 50 it goes to 100. When it gets to 150, it gets to 200. I'm gonna revise my price target when it gets to 200. Cause it doesn't matter. It doesn't matter, it's got the Rule of 40. It has the messianic CEO. When you bring them in, they make you money. And it has what this market really wants. Which is momentum. Here's what Cramer commented about Palantir Technologies Inc. (NASDAQ:PLTR)'s price levels earlier: 'I love what they do. Because I think that they are helping everything from consumer product companies to financials to trying to get the Pentagon to do the right thing. Good piece in New Yorker by Dexter Filkins about drones and I'm thinking more about that's Palantir. I just think that, and the other guys at Palantir are all delightful. But you know, Karp has to be Karp. Look, you can be who you want.' While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
