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ChatGPT-4o, GameStop & ASIC's Internal Staff Survey
Baidu’s head of public relations was fired for her ‘Tiger Mum” management style.
Pick & Scroll News
May 15, 2024
One Read, All Perspectives
Australian News
Government incentives are driving a surge in electric vehicle novated leasing, though broader adoption is hindered by inadequate charging infrastructure. LINK
Queensland pauses expansion of single-use plastics ban pending a national strategy. LINK
Charles Sturt University researchers have managed to convert wool and hair into graphite for lithium batteries. LINK
Victorian nurses and paramedics may strike over wage disputes as the Treasurer enforces a 3% wage policy amidst increasing state debt and public service unrest. LINK
Average Australian household spending is up 18% to $2,472 per week in the past 5 years. LINK
Australian ETFs see significant gains, with returns as high as 153%, driven by investments in US tech stocks and cryptocurrencies. LINK
Tech firms face talent drain following return-to-office mandates, with significant departures of senior employees impacting companies like Apple, Microsoft and SpaceX. LINK
Deepfake scams deceive investors, with losses mounting as fraudsters use sophisticated techniques to create fake endorsements and investment clubs on ASX and crypto platforms. LINK
Company News
OpenAI launches a new AI voice assistant, GPT-4o, inspired by Hollywood AI depictions, featuring real-time voice interaction, enhanced multimedia capabilities and a desktop presence. LINK
Hedge funds target Qantas again, placing nearly $300 million in short bets against the airline as it navigates customer relations and regulatory challenges. LINK
Dyson introduces the WashG1, aiming to revolutionise the cleaning market by transforming traditional mopping with its innovative technology. LINK
ASIC's internal staff survey reveals critical stress levels, indicating significant dissatisfaction and job insecurity among employees. LINK
Bonza's future looks uncertain as VietJet Air exits deal talks, with the airline's administrators now scrambling to find new buyers amidst continued grounding. LINK
Baidu’s head of public relations was fired for her ‘Tiger Mum” management style. LINK
GameStop's stock value surges following a post by Roaring Kitty, sparking fears of another meme-stock frenzy. LINK
Optus disputes claims of 'cloaking' a cyberattack report, arguing in Federal Court that the document was intended for legal purposes, not public disclosure. LINK
Transurban restructures, leading to executive layoffs, as it moves away from state-based management, impacting top positions in NSW and Queensland operations. LINK
Two Star Entertainment employees have been banned from NSW casinos for a decade due to collusion with patrons. LINK
Fletcher Building issues a profit warning due to a downturn in the residential market, with plunging revenues and pressure on margins affecting its performance. LINK
Healius confirms debt refinancing to manage its financial health amid challenging market conditions. LINK
Seven Group nears full ownership of Boral, with its stake reaching 91.19%, enabling compulsory acquisition of all remaining shares in a deal valuing Boral at up to $6.95 billion. LINK
Qantas discontinues its Sydney-Shanghai route due to low passenger numbers, with plans to reconsider the service as market conditions improve. LINK
Melinda French Gates steps down as co-chair of the Gates Foundation, marking a significant transition for the organisation 3 years post-divorce. LINK
This Week’s Top Picks
Debate intensifies over making public transport free in Australia, as it ranks as the third most expensive globally. LINK
South Australian legislation aims to ban social media for children, but experts argue holding platforms accountable is a more effective approach. LINK
International airfares drop by an average of 13%, with significant price reductions to competitive destinations like Bali, New Zealand, and the US, according to Flight Centre data. LINK
Australia's radio industry sees a significant drop in advertising revenue, falling 23% from last year's peak due to higher interest rates and tough economic conditions. LINK
Nestle reveals 'shrinkflation' tactics in Australia, providing a Senate inquiry with details on how it reduced product sizes to manage cost pressures while maintaining prices. LINK
Western Australian government's spending surged by nearly 9% in FY23-24 due to unprecedented migration, pushing its population towards 3 million and straining public services like education and healthcare. LINK
Australian government's budget to include a $3 billion HECS debt relief, with plans to adjust debt indexing to the lower of WPI or CPI starting from last year to ease student financial pressures. LINK
New federal regulations aim to cap international student intakes, linking enrolment limits to university investments in student housing. LINK
Borrowing to invest in property remains more popular than shares among Australians due to the volatility and higher risks associated with share investment, despite the growing appeal of internally geared ETFs. LINK