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Gen Z, 7-Eleven and Microsoft's Phi-3 Mini AI
David Beckham is suing Mark Wahlberg over their F45 Fitness joint venture.
Pick & Scroll News
April 24, 2024
One Read, All Perspectives
Australian News
Superannuation funds are poised for a strong financial year, as new data reveals that the sharemarket rallies could push returns close to last year's 9.2%. LINK
Flight punctuality in Australia has improved, with over 77% of domestic flights arriving on time last month, marking a significant recovery from pandemic-induced delays. LINK
Specialist firms are challenging the 'commoditised' advisory services of the Big Four, with firms like Rennie Advisory growing rapidly and expanding into bespoke ESG and climate consulting. LINK
Generation Z is rapidly ascending to leadership, making up 25% of the workforce next year, with a significant 42% increase in Gen Z company directors. LINK
A survey by Choice highlights consumer confusion at supermarkets, where promotional tags often mislead shoppers about discounts. LINK
Australian gold prices reach a new high, with expectations of further significant increases, creating a promising outlook for local miners focused on exploration. LINK
Australia's rental affordability hits a historic low, with the 2024 Anglicare Australia snapshot revealing an acute shortage of affordable housing for low-income earners across the nation. LINK
Global News
Global food prices are predicted to decline this year, offering financial relief for consumers, according to a forecast by Oxford Economics. LINK
Electric vehicle sales are expected to make up 20% of total car sales globally in 2024, with China leading in both exports and domestic sales, as per the International Energy Agency. LINK
Company News
Woolworths is reducing its prices to compete with Coles, which has recently shown stronger sales and market share growth. LINK
Former employees' personal data may have been exposed in a breach at HTW, one of Australia's largest property valuers. LINK
Seven Group has dismissed rumours that it is planning a buyout of Cleanaway, Australia's largest waste management group, stating the speculation is "completely untrue." LINK
David Beckham is suing Mark Wahlberg over a disputed £8.5 million loss related to their joint venture in the Australian gym brand F45 Fitness. LINK
FIFA is nearing a deal with Apple to grant global TV rights for a new month-long club tournament, potentially valued at around $1 billion. LINK
Westpac has halted the sale of its RAMS home loans division due to lack of interest from potential buyers, continuing to manage the brand amid strategic reassessment. LINK
Apple's smartphone sales in China plummeted by 19.1% in the first quarter of 2024, as Huawei's sales surged by 69.1%, challenging Apple's high-end market dominance. LINK
Microsoft introduced Phi-3 Mini, a smaller AI model that excels in language, coding and math tasks while utilising less data. LINK
Grindr faces a UK lawsuit over allegations that it shared users' sensitive information, including HIV status, without consent. LINK
Vanguard advises increasing inflation protection in investment portfolios, citing potential economic impacts from rising transportation costs and oil prices due to Middle East tensions. LINK
Seven & i Holdings aims to expand its 7-Eleven network globally, targeting an 18% growth to about 100,000 stores by 2030 and expanding into new regions. LINK
The FTC is suing to block Tapestry's $8.5 billion acquisition of Capri, arguing it would diminish competition between the two luxury handbag brands. LINK
Australia's eSafety commissioner secured an emergency injunction against X to remove videos of a recent terror attack, with X required to block the content globally. LINK
Transurban clarified that the NSW government must consult with it before making structural changes to Sydney’s WestConnex network to address traffic congestion issues. LINK
Crown Resorts is cleared to operate its Sydney casino without restrictions after overcoming issues identified in a previous inquiry, which included evidence of money laundering at its other locations. LINK
First Sentier is closing its Australian fixed income and global credit units, returning $13 billion to investors, signalling a shift in its investment strategy. LINK
Star Entertainment's executive chair admits the company may still require regulatory supervision to maintain compliance, despite improvements in its operations. LINK
DiDi partners with Virgin Australia's Velocity Frequent Flyer program, marking its first major loyalty initiative in Australia to compete with Uber by offering frequent flyer points on rides. LINK
This Week’s Top Picks
Home ownership affordability declines as CoreLogic data reveals a significant drop in suburbs where buying is cheaper than renting; only 2.5% of suburbs for houses and 10.8% for units are now more affordable to buy. LINK
Sydney Airport's domestic flights lag behind pre-pandemic levels, with CEO Scott Charlton citing high airfares and reduced business class travel as key factors. LINK
Macquarie exits car lending, shifting focus to mortgages and deposits, leading to approximately 100 job losses. LINK
Betashares introduces geared ETFs aimed at retail investors. LINK
Qantas to offer free Wi-Fi on international flights, expanding its existing domestic service to global routes starting late 2024, with full implementation expected by mid-2026. LINK
Woolworths New Zealand introduces body cameras across all stores to enhance safety, following a 75% rise in physical assaults on staff. LINK
Australian energy market faces unprecedented demand due to AI-driven growth in data centres, with power requests potentially tripling the current load in Sydney's western suburbs. LINK
Free-to-air TV viewership plummets among youth, dropping by 83% among teenagers since 2011. LINK