- Outback Briefs
- Archive
- Page 1
Archive
🦘 ASX Week In Review: 08/10/2024
This past week has seen quite the spectacle in the commodities market, with oil prices fluctuating, gold hitting record highs, and iron ore surging 15% in just one day. Oil prices jumped over 3% to about $70.18 a barrel amid rising geopolitical tensions in the Middle East, raising concerns about supply.
🦘 ASX Week In Review: 27/09/24
This week, the ASX experienced quite the drama, kicking off with a dip before rallying back over the 8200 mark as investors found their groove once again. The Reserve Bank of Australia (RBA) held the cash rate at 4.35%, which had been expected. However, some downbeat comments about inflation projections sent shares tumbling temporarily.
🦘 Commbank Trials AI Chatbot For Customer Service, Harvey Norman Facing Class Action Lawsuit, Banks To Take More Accountability For Scams
Commonwealth Bank is gearing up to revolutionize its customer service with a new AI chatbot named "Hey Commbank." This shiny new tool could potentially replace some of the bank’s call centre staff as the bank aims to lean more into AI technology.
🦘 2025 Rate Cut Predictions by Oxford Economics, Amazon Calls All Employees Back to Office, $17.8 Billion in Unclaimed Superannuation
Buckle up, Aussie homeowners! It looks like relief from the interest rate rollercoaster is still a long way off. Oxford Economics has thrown in the towel, predicting that rate cuts won't hit us until the second quarter of 2025.
🦘 Aussie Business Profits Surge, 50-Cent Public Transport Fares to Continue in QLD, 13,700 New Homes On The Way
Get ready to raise a toast to Australian businesses because they're having a record-breaking year! According to new figures from the Australian Bureau of Statistics, our manufacturing sector just hit an all-time high for gross operating profits.
🦘 We're Back! Fight For Remote Working Rights, Qantas Increases Booking Fees, Card Surcharges Continue To Pile Up
Get ready to cozy up in your pajamas while you work, as millions of Australians could score the right to request remote work arrangements thanks to a looming decision from the Fair Work Commission (FWC).
🦘 Mortgage Stress at All-Time High, RBA Chief Suggests People May Need to Sell Homes, Monochrome to Launch Australian Ethereum ETF
Hold onto your wallets, folks! A recent report from Finder has dropped a concerning bombshell: mortgage stress in Australia is at an all-time high. This August, over 1.4 million homeowners, or 42% of them, reported struggling to keep up with their home loan repayments.
🦘 Slowest Economic Growth in 30 Years, Greens Supporting Renters Against Dodgy Landlords, Businesses Continue To Incorporate AI
Well, it’s official - Australia’s economy is growing, but only just! New figures show the GDP crept up by a flimsy 0.2% in the June quarter, marking the weakest performance since the end of the 1990s recession. Treasure Jim Chalmers is waving the “any growth is good growth” banner, especially in the face of household spending dropping by 0.2%.
🦘 More Aussies Living Paycheck to Paycheck, Cost of Living Relief On The Way, Aussie Data Centre Operator Acquired by Blackstone
A recent survey reveals a worrying truth about Australians' finances: over half are running out of cash before payday! According to Finder's survey, 52% of respondents either occasionally or always hit zero before their next paycheck comes in.
🦘 Light At The End Of The Housing Tunnel? Chalmers Rings RBA Alarm Bell, Star Suspended from ASX
Australian house prices are still on the rise, with a 0.5% bump in August marking the 19th month of increases in CoreLogic's Home Value Index. However, the rapid growth is beginning to slow down, with average home values now sitting at about $802,357.