Inside the high-frequency trading floor where grads are paid $250,000
Here, graduate salaries head north of $250,000. Then there's the new office, five levels in the centre of Sydney CBD that opened this week and will act as the firm's headquarters in Asia. Sure, Optiver has offices in Taipei, Hong Kong, Shanghai and Singapore. But the timezone in Sydney is ideal, and the lifestyle is attractive enough to lure the best traders.
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Sydney Morning Herald
21 hours ago
- Sydney Morning Herald
Helicopter parent? Yep. Hypocrite? For sure. Why more and more of us are tracking our kids
I slipped into the Apple Store furtively, not quite sure what I was doing was right. My child would soon be walking to school on her own, I said. And I wanted to track her. The shop assistant met my query with total approval. As though what I was seeking – to digitally surveille my own kid – was perfectly normal. So I bought the AirTag, which would nestle into her school backpack and assure me that she had arrived at school safely. Electronic stalking of children by their parents is increasingly common. And it's a controversial topic. Is it a valid and respectful way to ensure our children's safety? Or is it an invasion of privacy which is contributing to the anxiety epidemic among kids who have only ever known a world dominated by the smartphone? The phenomenon brings to mind comedian Tina Fey's quip about using Photoshop to digitally alter images: 'it is appalling and a tragic reflection on the moral decay of our society … unless I need it, in which case, everybody be cool'. Whether it's right or wrong, a bias towards surveillance is clearly the prevailing parental sentiment – this week the California-based family tracking app Life360 reported its half-yearly earnings, which showed record revenue growth. The business is worth $9.5 billion, and is expanding into the tracking of ageing relatives and family pets. In Australia, use of Life360 has surged from 1.9 million monthly active users in 2023 to 2.7 million in 2024. 'We're seeing the rise of what we call the anxiety economy – a shift where families are making more values-based decisions and prioritising peace of mind in how they spend,' said the company's newly announced chief executive, Lauren Antonoff. 'I think of us as the antidote for the anxiety. We're not telling people that there's danger around every corner, but we know that people think about this stuff.' The company recently released an advertisement that went viral, which satirised the very parental anxiety it monetises. The ad featured a mother singing a Disney-style song to her teenage daughter called I think of you (dying) in which the mother voices her catastrophic thoughts about the fatal disasters that could befall her child while she's out of sight. They include getting stuck in a mine, being kidnapped by bandits and bleeding out on the street.
The Age
21 hours ago
- The Age
Helicopter parent? Yep. Hypocrite? For sure. Why more and more of us are tracking our kids
I slipped into the Apple Store furtively, not quite sure what I was doing was right. My child would soon be walking to school on her own, I said. And I wanted to track her. The shop assistant met my query with total approval. As though what I was seeking – to digitally surveille my own kid – was perfectly normal. So I bought the AirTag, which would nestle into her school backpack and assure me that she had arrived at school safely. Electronic stalking of children by their parents is increasingly common. And it's a controversial topic. Is it a valid and respectful way to ensure our children's safety? Or is it an invasion of privacy which is contributing to the anxiety epidemic among kids who have only ever known a world dominated by the smartphone? The phenomenon brings to mind comedian Tina Fey's quip about using Photoshop to digitally alter images: 'it is appalling and a tragic reflection on the moral decay of our society … unless I need it, in which case, everybody be cool'. Whether it's right or wrong, a bias towards surveillance is clearly the prevailing parental sentiment – this week the California-based family tracking app Life360 reported its half-yearly earnings, which showed record revenue growth. The business is worth $9.5 billion, and is expanding into the tracking of ageing relatives and family pets. In Australia, use of Life360 has surged from 1.9 million monthly active users in 2023 to 2.7 million in 2024. 'We're seeing the rise of what we call the anxiety economy – a shift where families are making more values-based decisions and prioritising peace of mind in how they spend,' said the company's newly announced chief executive, Lauren Antonoff. 'I think of us as the antidote for the anxiety. We're not telling people that there's danger around every corner, but we know that people think about this stuff.' The company recently released an advertisement that went viral, which satirised the very parental anxiety it monetises. The ad featured a mother singing a Disney-style song to her teenage daughter called I think of you (dying) in which the mother voices her catastrophic thoughts about the fatal disasters that could befall her child while she's out of sight. They include getting stuck in a mine, being kidnapped by bandits and bleeding out on the street.
West Australian
3 days ago
- West Australian
Gina Rinehart boosts investment in Donald Trump's Truth Social while beefing up US portfolio
Australia's richest person, Gina Rinehart, has significantly increased her bet on US President Donald Trump's Truth Social social media platform. The mining billionaire is a long-standing member of the Trump support group and has close ties with the President, celebrating his election night victory with close friends at his Mar-a-lago residence in West Palm Beach. She has also called for Mr Trump's policy agenda to be followed in Australia, including setting up a Department of Government Efficiency and following the US withdrawal from the Paris climate agreement. Mrs Rinehart's Hancock Prospecting increased its holdings of Trump Media & Technology Group, which operates Truth Social, by 67 per cent in the June quarter, according to a regulatory filing cited by Bloomberg. The stake is believed to be worth about $US4.5 million ($6.92m) Hancock's portfolio of US-traded and exchange-traded funds was worth about $US3.1 billion as of June 30. Mrs Rinehart's Hancock has been a major investor in a number of US ventures including rare earths miner and refiner MP Materials, of which she owns 7.8 per cent. The US Department of Defence last month struck a landmark deal with MP Materials to acquire a 15 per cent stake in the Las Vegas-headquartered company and inked an offtake agreement to buy MP's Californian production of rare earth materials at a set minimum price. The deal saw Mrs Rinehart add more than $400m to her net worth in the space of 24 hours owing to her major stakes in MP and Lynas. Lynas has operations in WA and Malaysia with ambitions to build a rare earths refinery in Texas. Shares in MP have rocketed more 70 per cent since the deal, according to Bloomberg, inflating the value of Mrs Rinehart's holding to more than $US1b. Mrs Rinehart also reportedly increased her investment in Canadian copper giant Teck Resources and took fresh positions in copper-focused critical minerals company Hudbay Minerals, uranium explorer NexGen Energy, US chip giant Nvidia and Dell Technologies.
