Many New Zealand youth show interest in online platforms and streamers in survey

It seems most are angling to be the next titans of e-commerce or stars of online streaming and gaming.

Half of Britons don't understand inheritance tax 'seven-year rule'

New research shows a third of over-55s want to leave money, property or possessions, but haven't planned how they will do it. This is Money explains what you need to know.

'Women are disadvantaged': Why being in the right KiwiSaver fund can help to bridge the gender pay gap

A woman in a default conservative fund would have $43,000 less than a man in a high-performing growth fund over the ten years from 2011-2021, BetterSaver estimates show.

'Stratospheric' housing market confidence unshaken by measures to cool prices - ASB

Unstoppable confidence in the housing market continues despite measures to cool price growth.

When the chips are down, a Kiwi company cashes in

A global shortage of microchips may not be good for your Christmas present list, but one New Zealand company is cashing in.

Chief executive fires over 900 staff on Zoom then publicly accused them of 'stealing' received a $1 billion cash injection last week and is valued at nearly $11.4 billion.

One in six Kiwis may have forgotten money sitting in Bonus Bonds - what to do if you're one of them

Around 804,000 bondholders have yet to provide their account details to have their Bonus Bonds redeemed.

US jobs growth falls far short of expectations

Employers took on 210,000 new workers in November, less than half the number that had been expected.

India's economy is on track — but new Covid variant could weigh on growth, economists say

Gross domestic product grew 8.4% between July and September — India's fiscal second quarter — from a year ago, government data showed.

Why first home buyers should take a 'summer break' before diving back in next year - economist

Interest rates are increasing, but vendors will soon start to be more realistic with prices, he said.

Blockchain firm begs for return of $154 million of stolen cryptocurrency

Another cryptocurrency heist over the weekend cost BitMart $290 million.

New challenges for tourism industry as Omicron variant emerges

The tourism industry is grappling with the prospect of its new normal being years away with billions of dollars lost by then and many more hurdles ahead

KiwiSaver changes: What happens to your default fund from 1 December

Changes for default KiwiSaver funds coming into force on 1 December include a trimmed list of providers and default funds changing from conservative to balanced.

Fonterra lifts payout forecast to record high

The dairy giant has has raised its forecast milk payout to farmers to a record level $8.40 and $9 per kilogram of milk solids.

Nissan unveils $29 billion electric vehicle plan, new concept vehicles

The company is also targeting a big breakthrough in battery technologies.

'Encouraging turn': Jump in new property listings an early sign the housing market could be turning

The November report shows new property listings are up 9 percent year-on-year.

Biden says US economy 'in strong shape'

The president says he is optimistic supply chains can cope with any disruption from Omicron.

'The crisis is not yet over': Omicron variant could deal another blow to supply chains

Just as it appeared like the crisis was beginning to stabilize, the industry may now face yet another blow: the new omicron Covid variant.

Rating valuations for Auckland properties delayed until March 2022

Values for Auckland properties were last re-evaluated in 2017.

'Excitement but also uncertainty': Auckland businesses prepare to welcome back patrons for first time in months

After more than 100 days in lockdown, locals will be able to enjoy the shops once again.

Environment select committee releases recommended changes to housing intensification bill

Property developers will also have to provide more glazing under suggested changes to the government's bill on high density housing.

US Billionaire Ray Dalio walks back China comments

Last month, JP Morgan's Jamie Dimon apologised for comments he made about the Chinese Communist Party.

'Abhorrent': New Zealand pushing for global ban on killer robots

There are legal, ethical and security risks to leaving autonomous weapons unchecked.

NZ Bus testing markets for potential buyers

Transport company NZ Bus is on the sales block, according to overseas media reports.

'Do your research': Property number cruncher on how buyers can score what they consider a bargain

How do Kiwis manage their money and what's their biggest success or failure?

Record new vehicle sales for November, with ute and SUV demand strong

New vehicle sales set a new record for the month of November, following strong demand for utes and sports utility vehicles (SUVs).

NZ small firms ramp up spending on online business

Small firms are spending 25 percent more on ICT compared to pre-pandemic levels.

How to use Tik Tok, Instagram and other social media to launch a business

College students spend a lot of time on Tik Tok, Instagram and other social media platforms so they are a natural place to launch a business.

Struggle over the ski fields

Ruapehu's ski fields are under pressure - but unusually, this time it's not from natural forces.

Fibre internet wholesalers must publicise pricing, performance - Commerce Commission

The four big fibre optic cable wholesalers will need to disclose more information about their pricing, costs and quality control measures under new requirements.

Twitter CEO Jack Dorsey is expected to step down, sources say

Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC.

Youth unemployment rate declines to 9.6 pct - but it's still three times the national average

Stats NZ says while young people have been affected by the pandemic, the unemployment rate is nearly back to pre-COVID levels.

Missed debt repayments increased by 8 percent in November

More people are falling behind on personal debt repayments at the same time as demand for retail finance increases.

Nikko AM pivots to offer support for retail investors

The fund manager has rebooted its robo-investment platform to help match investors with a range of investment and KiwiSaver funds.

'Every dollar counts': Leading bank cuts two-year fixed mortgage rate as interest rates rise

ASB Bank has dropped it's two-year fixed rate by 0.2 percent.

CTU backs Reserve Bank Governor Adrian Orr amid calls to replace him

The Council of Trade Unions (CTU) and the head of a KiwiSaver provider are defending the Reserve Bank governor after opposition MPs said he should be replaced.

US lawmakers to question crypto executives

Washington is joining other governments in scrutinising the rapidly expanding sector more closely.

Steadily-rising interest rates on the way, RBNZ officials say

Inflation is set to stay high for some time forcing the Reserve Bank to combat it with steadily rising interest rates, according to two of the central bank's most senior officials.

NZME to buy specialist news website BusinessDesk

NZME will pay $3.5 million in cash for the business, with the possibility of an additional $1.5m which is subject to certain conditions.

265,000 new dwellings in pipeline over next five years - MBIE report

Ministry of Business Innovation and Employment's National Construction Pipeline Report forecast 265,000 new dwellings would be consented between now and December 2026.

Everything points towards a housing market correction in 2022 - economist

"I think it's prime for tough times in the latter part of 2022 which some people won't like."

The new housing crisis: Banks won't lend against coastal properties

Kiwibank chief economist Jarrod Kerr warns of a new housing supply crisis

House price growth edges down for first time in more than a year

The annual pace of rising house prices has started to decline for the first time since August last year, slipping to 28.4 percent

US boss fires 900 employees over Zoom

"Last time I did this I cried," said the head of the online mortgage lender laying off 15% of his staff.

Mixed reaction to housing intensification bill recommendations ahead of second reading

A change to a key part of the housing intensification bill has been enough to alarm supporters, but too little to placate critics.

CDL Land planning residential development on 70ha in Havelock North

The company obtained Overseas Investment Office approval to buy the 69.4 hectares of land from the Lowe family, earlier this month, for an undisclosed price.

Australia bank pays out over charging dead people

Australia's second largest bank has agreed to pay $81m in penalties and compensate customers.

KiwiSaver growth not affected by Covid-19 outbreak

The latest quarterly survey of the retirement savings scheme by investment industry group, the Financial Services Council (FSC), has shown funds rose more than 20 percent to $90.8 billion over the past year.

NZ's first Ikea store to be located at Auckland's largest mall

The details were revealed on Thursday morning.

'Have a Plan B': Bank CEO on how Kiwis can prepare financially and mentally for 2022

As New Zealand opens up to living with COVID-19, Kiwis are advised to be prepared for change and a bit of uncertainty.