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Archive
🦘 $1 Billion In Damages From CrowdStrike Outage, Sydney Housing Crisis To Extend Until 2030, Superannuation Guarantee Rate Increases
A massive IT outage caused by cyber giant CrowdStrike is anticipated to cost Australian businesses over $1 billion, with effects lingering for weeks. The chaos erupted from a faulty software update, grounding planes, shuttering supermarkets, and disrupting operations for countless organizations and millions of people.
🦘 Microsoft Outage Causes Chaos, Light Rails To Halt In Peak Hours, American Express Hit With $8 Million Fine
Heads up, Aussies! If your day hit a snag last Friday, blame it on a sudden widespread Microsoft outage wreaking havoc across the nation. Businesses and services from supermarkets to major banks and even TV newsrooms felt the brunt of this technical hiccup, tied to Microsoft's cloud services.
🦘 Unemployment Creeps Up Slightly, Highest Paying Tradie Jobs, Dominos Pizza Announces Big Store Closure
Australia's unemployment rate nudged up to 4.1% in June, a slight rise from May's 4%. But don't let that rain on your parade - because the economy didn't just sit still; it actually added a solid 50,100 new jobs.
🦘 Best-Performing Superannuation Funds, Telstra Fined $1.55 Million, Westpac Makes The Switch To Digital Credit Cards
Attention, super savers! Research has spotlighted the superannuation rockstars of the past year, and the numbers are juicy. On average, balanced super funds delivered a sweet 8.8% return for the fiscal year ending June 30, 2024.
🦘 Gas Bills Set To Increase, Big Banks Face Scrutiny With Fossil Fuel Funding, Millennials Moving Towards Regional Towns
Aussie households, brace yourselves - gas bills are about to spike, starting next month. Big names in the energy game like AGL and Origin Energy are rolling out new gas rates across major cities, with residents in New South Wales and Victoria getting the hardest hit:
🦘 Banks’ $28 Million Refund Scheme, Bunnings In Hot Water, Used Car Prices Continue To Steadily Dip
Four big Australian banks are digging deep into their pockets to pay back a combined $28 million to their low-income customers. This move comes after the corporate watchdog, the Australian Securities and Investments Commission (ASIC), found that these customers were kept on high-fee accounts despite qualifying for cheaper options.
🦘 Common Tax Return Mistakes, Consumer Confidence Takes A Hit, Highest Paid CEOs in 2023
As the end of the financial year rolls around, tax experts are waving red flags about common mistakes that could hit your wallet hard. The ATO is cracking down on errors in tax returns, especially dodgy deductions.
🦘 400,000 New Aussie Millionaires by 2028, ACCC Takes The Good Guys to Court, Boomers Living It Up Despite Cost of Living Crisis
A new UBS Global Wealth Report reveals that Australia is set to welcome 400,000 new millionaires by 2028, taking the total to over 2.4 million. This rapid growth is fueled by rising home values, superannuation balances, and a flow of generous gifts and inheritances.
🦘 Aussies Switching Jobs Less Frequently, Spend $600 Million In International Transaction Fees, Telstra Apologises For Huge Data Leak
Move over quiet quitting, it looks like job switch anxiety is the new trend! According to the Australian Bureau of Statistics (ABS), job mobility is taking a noticeable dip across the country.