- Pick & Scroll News
- Posts
- 🗞️ Fat-fingered
🗞️ Fat-fingered
Imagine being told you had won $280,000, only to be told two days later that you had actually won $28.
Pick & Scroll News
July 04, 2025
Was this email forwarded to you? Sign up here
|  |
Good morning. Imagine being told you had won $280,000, only to be told two days later that you had actually won $28.
This was a scenario for thousands of Norwegians who had their lotto winnings miscalculated. Instead of dividing by 100 to get the correct Euro to Norwegian kroner amount, the calculation was multiplied instead. This meant everyone's payout was 10,000 times less than what the ticket said.
Not ideal.
All the headlines and more below...
AUSTRALIAN NEWS
$1T debt milestone looms as Fed borrowing surpasses states
The Australian government will borrow $150B in FY26 while surpassing state borrowing for the first time since the pandemic. LINK
Australia’s Federal Court has ruled that stockbrokers are not entitled to minimum salaries or leave under the finance award. LINK
Law firms are moving away from hourly billing as AI adoption drives value-based pricing models. LINK
The Australian commercial property market recorded $15.5B in transactions as industrial and logistics deals surged 98% whilst interest rate cuts boosted activity. LINK
Gladstone has become Australia’s first fully renewable gas-integrated city as AGIG's Hydrogen Park delivers a 10% green hydrogen blend. LINK
Partner numbers across smaller law firms have risen 2% to 4,600 as corporate disputes and energy transition drive growth. LINK
GLOBAL NEWS
US reaches Vietnam trade deal with 20% tariff
The US will place a 20% tariff on many Vietnamese exports and 40% on trans-shipments from third countries through Vietnam, as announced by Donald Trump after speaking with Vietnam's top leader, To Lam. LINK
Global courts are leading AI regulation, with 500 cases across 39 countries targeting legal and administrative applications. LINK
US unemployment is expected to reach 4.3% in June amid concerns over Trump's trade policies. LINK
The US eased restrictions on chip design software exports to China following rare earth concessions. LINK
COMPANY NEWS
Microsoft to lay off 9,000 employees
Microsoft is laying off 9,000 workers globally, including 120 in Australia. LINK
Meta and Shopify have been warned by the ACCC to address 'ghost stores' using fake sales and AI-generated images. LINK
The Victorian State Electricity Commission has begun selling power to private business consumers, while targeting 5% market share through renewable projects. LINK
AUSTRAC has ordered an external audit of Western Union due to concerns over anti-money laundering compliance issues. LINK
ASIC is investigating Macquarie and Equity Trustees over the $1B First Guardian and Shield Master Fund schemes, whilst 12,000 investors face allegations of fund mismanagement. LINK AUS
AMP faces legal battles over an $830M forced sale of Sydney's Macquarie Centre stake after losing management rights to Dexus. LINK
Shares of Nike and other apparel makers rose after Trump's trade deal, as Vietnam imposed a lower-than-expected 20% tariff rate on imports. LINK
Tesla achieved 61,000 electric vehicle sales in China during June, showing a 3.7% yearly increase. LINK
Boeing and the US Justice Department requested judicial approval for a deal regarding the 737 MAX crashes. LINK
Regal Partners has reported a 40.7% drop in estimated FY25 first-half performance fees due to poor biotech and ecommerce investments. LINK
ONE MORE SCROLL
Editor’s Pick: 'A nightmare': How parents navigate school holidays and work.
Draft Pick: Liverpool forward, Diego Jota, and his brother have both died in a car crash.
Odd Pick: Watch a video of two South Carolina highway patrolmen chasing a loose pig across a highway.
TOGETHER WITH
Take what you’re doing offline and circle back on team wellness because real team bonding happens with puppies, not PowerPoint. Give your team an event they’ll actually look forward to with Puppy Yoga!
We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
TRIVIA
It's July 4th, which means it's American Independence Day today (time zone differences aside).
We went for all things American for our trivia. Good luck and happy Friday:
What year was the Declaration of Independence signed?
What are the 5 boroughs in New York?
Which state has the most people?
Which state is Mt Rushmore?
Who won the 2025 NBA title last month?
Answers below
OUR SOCIALS
 |
ANSWERS
1. 1776
2. Manhattan, Brooklyn, Bronx, Queens, Staten Island
3. California
4. South Dakota
5. Oklahoma City Thunder
Was this email forwarded to you? Sign up here