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If you think your company is making a strong push to adopt AI tools, it's nothing compared to Coinbase.
Pick & Scroll News
August 27, 2025
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Good morning. If you think your company is making a strong push to adopt AI tools, it's nothing compared to Coinbase.
The CEO of Coinbase mandated that every engineer start using GitHub Copilot and Cursor by the end of the week.
By that Saturday, anyone who hadn’t adopted the AI tools yet was........ fired. Working in America really is something different.
All the headlines and more below...
AUSTRALIAN NEWS
Organised crime is turning towards supermarkets as food prices soar
Organised crime gangs are selling stolen meat to Australian restaurants due to rising food costs as customer demand falls. LINK
Electric vehicle owners avoid $17B in road-user taxes whilst petrol drivers contribute through fuel excise. LINK
The federal government has spent nearly $1B on consultancy contracts, promising to reduce consultant reliance. LINK
Millennial housing wealth grew 169% over a decade while new buyers face mounting deposit and upgrade challenges. LINK
Australian authorities are embracing hedge funds for $250B debt sales and reversing previous trading restrictions. LINK AFR
Aussie farmers face paying tax on phantom profits as superannuation changes threaten to end the centuries-old tradition of passing farms through generations. LINK
Over 500 Australian companies, including Atlassian and Canva, support a 75% emissions reduction target for 2030. LINK
The ATO warns against illegal early super access as withdrawals exceeded $1B last year. LINK
AI has caused a 13% reduction in entry-level jobs across software and accounting sectors despite experienced positions remaining unaffected. LINK
The Australian government will implement new laws with $10M penalties for telecommunications providers who engage in misconduct. LINK
GLOBAL NEWS
Australia Post suspends US parcels, food and wine
COMPANY NEWS
CBA reveals home buyer spike after RBA interest rate cuts
Commonwealth Bank reports a 12% increase in home loan pre-approvals as borrowing capacity rises by 7% following rate cuts. LINK
xAI and X Corp have sued Apple and OpenAI over alleged anti-competitive practices regarding ChatGPT's iPhone integration. LINK
Coles said recent interest rate cuts had set off "green shoots" of optimism among shoppers, driving supermarket sales up 4.3% to $40B for the financial year. LINK
ASIC has sued Equity Trustees over the failed Shield Master Fund for exposing superannuation members to unvetted investments. LINK
LinkedIn is expanding its video advertising program to include top brands and creators through its BrandLink initiative. LINK
Intel has warned that the US government's planned 10% equity stake from US$9B in grants could impact global sales and future grant access. LINK
AirTrunk secured a $16B sustainability-linked refinancing deal across Asia Pacific and Japan data centres. LINK
Web Travel Group has forecast its FY26 first-half transaction value at $3.1B, and revised guidance on higher costs. LINK
Scentre Group doubled its half-year net profit to $782.2M in FY25, maintaining high occupancy rates. LINK
Corporate Travel Management enlisted KPMG to resolve accounting issues, delaying its full-year financial report. LINK
YouTube may lose Fox channel access if a new fee agreement is not reached by August 27. LINK
CHART OF THE DAY
ONE MORE SCROLL
Editor’s Pick: You're probably doing a plank wrong.
Draft Pick: Tennis world turns on star after outburst.
Odd Pick: Dreams crushed! Kids watch as Chuck E. Cheese mascot is arrested on credit card fraud charges.
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TRIVIA
On this day in 1883, Rudolph Diesel created a patent for the first diesel engine. Below, we have listed 10 “eponyms” - inventions, ideas or creations named after the person who invented them. However, 5 of them are made up.
Tell us which ones are real and which ones came out of our imagination:
Daniel Gabriel Fahrenheit invented the Fahrenheit scale.
Tupperware was invented by Earl Tupper.
Barry Code was an early programmer who “invented the barcode” because he was tired of counting soup cans manually.
Isaac Treadmill invented the treadmill.
Jacuzzi is named after the Jacuzzi brothers, Italian immigrants who invented the whirlpool bath pump.
Guillotine is named after Dr. Joseph-Ignace Guillotin, who proposed its use during the French Revolution.
Emily Drone invented the drone.
Answers below
OUR SOCIALS
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ANSWERS
1. True
2. True
3. False
4. False
5. True
6. True
7. False
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