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🦘 Meta vs Aussie Media Titans, Bitcoin ETFs Begin Trading in ASX, Eastern Australia Faces Gas Shortages
Australia just rolled out the red carpet for Bitcoin with the introduction of Bitcoin ETFs (Exchange-Traded Funds) on the Australian Securities Exchange (ASX) - a first for the nation! This leap could shake things up in not just the Australian market but globally as well.
🦘 Guzman Y Gomez’s IPO Parade, Where You Can Get The Cheapest Groceries, Westpac Introduces ‘Pay With Points’ System
Guzman y Gomez (GYG) just made a grand entrance on the Australian Securities Exchange (ASX), shooting its market valuation past $3 billion! Shares were initially offered at $22, but by 1 pm today, they were trading above $30 - a whopping 36% jump.
🦘 The Highest Paid Jobs in Australia, RBA Holds Steady, Commbank Rewarding Loyalty to Small Businesses
Ever wonder what the top earners in Australia bring home? The ATO has dropped some juicy numbers, unveiling the top 10 highest-paid jobs Down Under. And surprise, surprise – it’s the medical pros ruling the roost!
🦘 Aussie Retirement Dreams Fading, Young Aussies Face Increasing Credit Risk, Betashares Secures Game-Changing Investment
Australians might need to rethink those retirement plans, as new data exposes some hard truths. Working mum Jodie Imam is one of many who no longer see traditional retirement as achievable. “I don't see myself having this big amount of money to be able to retire with," she said.
🦘 KPMG To Slash 250 Senior Roles, Australia Stars In Least Affordable Cities List, Commbank Ramps Up Anti-Scam Game
KPMG is making big waves in the consulting world with its plan to axe up to 250 senior roles in a sweeping AI-driven restructure aimed at slashing $80 million in costs annually. The firm’s National Managing Partner, Paul Howes, explained the push is all about embracing cutting-edge technologies like AI to cater to the increasing demand from clients to transform their businesses swiftly.
🦘 Unemployment Nudges Down Slightly, Aussies Working $21,500 Worth of Overtime, Qantas Takes Full Control of TripADeal
Australia's unemployment rate nudged down to 4% in May, shedding 0.1 percentage points from April. This drop comes as 40,000 more people found jobs, and the number of unemployed decreased by 9,000, according to the Bureau of Statistics.
🦘 Rents Drop In Capital Cities in May, Google Makes Huge AI Prediction for Australia, Aussie Workers Face Low Engagement
Great news for renters in Australia's capital cities: May saw a significant drop in advertised rents - the largest percentage decline since 2020. The national median weekly rent now sits at $624. Here’s a quick rundown:
🦘 Rate Cut Forecast Delayed to 2025, AGL Invests $150 Million To Reduce Energy Bills, Business Confidence Dips in May
It looks like relief from sky-high interest rates is further away than we hoped. ANZ has just forecasted that the RBA won't cut the cash rate until February 2025, thanks to some pesky high inflation data.
🦘 Housing Targets Take A Hit, Cash Boost For South Australians, Colette And Daily Edited Saved From The Brink of Insolvency
Australia's already stretched housing market faces new hurdles as building approvals dip to their lowest in a decade, posing a significant challenge to the government's ambitious housing targets. According to recent data from the Australian Bureau of Statistics, dwellings approved in April decreased by 0.3% from the previous month, with approvals falling in three out of the seven states.
🦘 $20K Discounts On EV Prices, Aldi Introduces Its Own Car Insurance Product, Calls For Junior Staff To Get Pay Rises
In the ever-evolving Australian EV market, the landscape has dramatically changed as vehicle manufacturers scram the norms to stay competitive. Chinese brand BYD is stealing the spotlight with a whopping sales record of 1,914 electric cars last month, outpacing rivals and previous records.
🦘 Economic Growth Slows Down, Medibank Facing Potential $21 Trillion Fine, SEEK Sells South American Operations for $127 Million
According to the most recent data from the Australian Bureau of Statistics, the GDP nudged up by just 0.1% in the first quarter of 2024. Yearly, the growth sputtered to a 1.1% crawl, not quite hitting the mark economists set at 1.2%.