Optiver Moves to New Sydney Office In Search of Trading Edge
The firm, founded in Amsterdam by trader Johann Kaemingk, is expanding its capabilities in artificial intelligence and machine learning to sharpen trading strategies, said Darcy Harding, the company's co-head of index options.
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Little-known cryptocurrency detail that could impact millions: 'Lost forever'
Welcome to legal column, where lawyers Alison and Jillian Barrett from Maurice Blackburn tackle problems everyday Aussies face — whether it be consumer, property, or money matters impacting relationships or work. This week, a cryptocurrency investor has asked whether it's possible for family or friends to access their money if they die. Question I've been quietly investing in crypto over the last year and have made a decent $100,000 profit. I recently heard of a scenario where a family was locked out of their child's accounts after he died suddenly, as they didn't have access to his phone passcode. In the case of my death, I would want my partner to be able to access my crypto accounts, which I run off my phone. But I am apprehensive as I don't really want her to get access to all my photos and messages. How can I best go about getting her access to some things on my devices and not others. Or is that not possible? And what if she pushes to get it all — is there a way to make sure that won't happen? Centrelink act costing 'hardworking' taxpayers Superannuation 'red alert' for millions as $1 billion in retirement savings feared lost Woolworths payment change hits dozens of supermarkets Answer Cryptocurrency is property, so it can be passed to your family through your will, just like a home, car or bank account. However, unlike those traditional assets, crypto is often locked behind private keys and passwords. If no one knows how to access them, they are effectively lost forever. It is an increasingly common concern, and we've all heard or read about the horror stories of people losing their passwords or hard drives and effectively losing hundreds of millions of should include a list of your crypto holdings, wallet types, and where they're stored. To ensure this list can be included in your will, it should not include any passwords, as a will becomes a public document during probate. The asset inventory should include the specifics of the crypto you hold, for example 0.15 Bitcoin or 1.5 Ethereum rather than their current dollar value as that will change. This person will be responsible for handling your digital assets if you die, and transferring their ownership to whoever you stipulate in your will. This can be stored securely with your will and can contain the passwords for your digital assets. This document isn't made public during probate. These tools allow you to create a vault specifically for crypto-related logins, which can be shared with your partner or executor without exposing your entire digital life. These provide a further layer of security to access funds so no single person can act unilaterally. This will prevent your partner from 'getting it all' which you're concerned about. If you do not prepare a will, or other instructions on how to deal with your cryptocurrency in the event of you dying, this will create a significant roadblock in accessing and distributing your assets. The administrators of your estate may not know of its existence and/or know how to access it, so your crypto could be lost forever. We recommend that you take these steps as soon as possible for peace of mind. This legal information is general in nature and should not be regarded as specific legal advice. If you need legal advice, you should consult a in retrieving data Sign in to access your portfolio Error in retrieving data
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an hour ago
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Massive Coles price drop revealed amid 'biggest transformation' in its history: '$150 to $51'
If you've stepped into a Coles-owned bottle shop recently and seen dramatically low prices, you're not alone. Some products have been discounted by close to 75 per cent amid a major company overhaul. Retail and marketing expert Gary Mortimer was shocked when he stepped into his local First Choice Liquor in Queensland and saw a 700ml bottle of malt whisky for just $52 when it was selling for $150 just a few days ago. He also saw a bottle of gin marked down from $55 to just $19. A Coles spokesperson told Yahoo Finance the discounts are the result of a major rebranding strategy in its liquor department. "Coles Liquor Group is undergoing its biggest transformation in its history by unifying Vintage Cellars and First Choice Liquor Market under the much-loved Liquorland brand," they said. "As stores convert to the new format and we tailor the range to the specific store, customers can expect to see some drinks discounted on a store-by-store basis. Coles, Woolworths side hustle offering $320 a year that any Aussie can do Superannuation 'red alert' for millions as $1 billion in retirement savings feared lost Woolworths payment change hits dozens of supermarketsThere are around 160 stores across the country called Vintage Cellars or First Choice Liquor. However, they will be gradually retired and rebadged as Liquorland over the course of 2025 to create a "unified national presence". As a result of this amalgamation of brands, all the store products will have to be the same across the board and some items are now being marked down to clear the stock. Once the transformation is complete, there will be close to 1,000 Liquorland stores across the country. It will also mean promotions and product ranges will be aligned across the network. At the moment, there can be different prices and drinks available across the three brands. "We believe it will have a meaningful impact on how we serve customers the drinks they want, when they want them, and how we partner with suppliers to deliver value," Coles Liquor Chief Executive Michael Courtney said. "In terms of range, we are bringing a more tailored and relevant drink selection from the three banners under one roof. "Error in retrieving data Sign in to access your portfolio Error in retrieving data
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2 hours ago
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Newmont's Quarterly Earnings Preview: What You Need to Know
Valued at a market cap of $65.5 billion, Newmont Corporation (NEM) is one of the world's largest producers of gold, with major mining operations in regions including Nevada, Peru, Australia, and Ghana. The Denver, Colorado-based company also explores and produces other metals such as copper, silver, zinc, and lead, making it a key player in the global mining industry. It is expected to announce its fiscal Q2 earnings for 2025 after the market closes on Thursday, Jul. 24. Ahead of this event, analysts expect this gold producer to report a profit of $1.01 per share, up 40.3% from $0.72 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the last four quarters, while missing on another occasion. In Q1, NEM's EPS of $1.25 outpaced the forecasted figure by a notable margin of 48.8%. Is UnitedHealth Stock a Buy, Sell, or Hold for July 2025? Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Is Microsoft Stock About to Go Nuclear? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts expect NEM to report a profit of $4.32 per share, up 24.1% from $3.48 per share in fiscal 2024. Its EPS is expected to further grow 12% year-over-year to $4.84 in fiscal 2026. NEM has rallied 44% over the past 52 weeks, considerably outpacing both the S&P 500 Index's ($SPX) 13% rise and the Materials Select Sector SPDR Fund's (XLB) 5% return over the same time frame. Newmont released strong Q1 results on Apr. 23, and its shares surged 4.8% in the following trading session. The company's revenue improved 24.5% year-over-year to $5 billion, while its adjusted EPS of $1.25 advanced 127.3% from the year-ago quarter, exceeding the consensus estimates by an impressive 48.8%. Moreover, it also reported a record Q1 free cash flow of $1.2 billion, reflecting the strength of its unrivaled Tier 1 Portfolio. A robust 40.9% year-over-year increase in average realized gold prices acted as a tailwind for the company. Additionally, Newmont remains on track to achieve its 2025 guidance and has reduced its debt by approximately $1 billion since the beginning of the year, further bolstering investor confidence. Wall Street analysts are moderately optimistic about NEM's stock, with a "Moderate Buy" rating overall. Among 20 analysts covering the stock, 12 recommend "Strong Buy," one suggests a "Moderate Buy,' six advise 'Hold,' and one indicates a "Moderate Sell' rating. The mean price target for NEM is $65.26, which indicates an 8.7% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
