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GYG, Penfolds & ASX's First Bitcoin ETF
Italy is the top European country for travel insurance claims by Australians.
Pick & Scroll News
June 21, 2024
One Read, All Perspectives
Australian News
Surfing generates $2.7B for the Australian economy annually. LINK
Lithium-ion batteries are causing up to 12,000 fires annually in the waste and recycling industry. LINK
The City of Sydney has begun a 12-month trial using black soldier fly larvae / maggots to process food waste, aiming to extend this solution citywide by 2030. LINK
Super funds are on track to deliver a 9% return for FY24, boosted by strong international share markets and investor interest in growth stocks, particularly in technology. LINK
Weather analysts are warning of a potential large rain pattern developing in Australia. LINK
Property companies are slashing jobs as development activity slows, with many office and shopping centre projects being postponed due to rising building costs. LINK
Peter Dutton's plan for 7 nuclear power stations by 2050 could cost $60B. LINK
Australia has deployed its most powerful warship for exercises with Asian navies, following increased tensions between Philippines and China in the South China Sea. LINK
Research shows skilled refugees in Australia are underutilised, with the potential to unlock $9B in extra GDP. LINK
Sydney house prices are predicted to rise 8% in the next 12 months, reaching a median of $1.76M, due to strong population growth and a supply shortage. LINK.
Global News
Company News
The successful IPO of Guzman y Gomez saw shares rise 36% to $30, with founder Steven Marks' wealth increasing by $60M but documents show the restaurant chain has consistently missed financial forecasts for the past 2 years. LINK
Mastercard has called on the government to resolve issues with the consumer data right to boost competition and realise its potential. LINK
Harvey Norman is seeing strong interest in new laptops with AI capabilities, following the launch of Microsoft's Copilot+ PCs, expected to sell 50M units this year. LINK
The Australian Financial Review has been ranked the nation’s most trusted newspaper brand, with 54% of surveyed Australians expressing trust. LINK
Treasury Wine Estates expects profits at its Penfolds brand to grow 15% this year, despite margins falling due to the cost of rebuilding its business in China. LINK
OpenAI's co-founder and former chief scientist is starting a new AI company called Safe Superintelligence, focusing on creating a safe AI environment. LINK
Optus could have prevented the 2022 data hack that compromised the personal information of about 9.5M Australians, claims the Australian Communications and Media Authority in a Federal Court filing. LINK
The first Bitcoin ETF launched on the ASX, with VanEck Bitcoin ETF debuting with around $990,000 in assets. LINK
Up to 1,000 jobs are at risk following Mineral Resources' decision to shut down its Yilgarn iron ore operation. LINK
This Week’s Top Picks
Australian insolvencies reached a record high in May with 1,245 insolvency appointments, a 44% increase from last year, as economic conditions deteriorate. LINK
Self-driving cars are 5 times more likely to be involved in accidents during low-light conditions, though generally safer for routine tasks. LINK
Employers are offering permanent desks to lure workers back to the office, moving away from hot desking that became popular before the pandemic. LINK
McDonald’s is discontinuing its AI-powered drive-through system after numerous order errors, including an incident where a customer received bacon ice cream. LINK
Nvidia has become the world's most valuable company, surpassing Microsoft, as demand for its AI processors soared. LINK
The NSW government will invest $5.1B in social housing, building 8,400 new and refurbished homes as part of a broader plan to construct 30,000 homes. LINK
RBA left the cash rate on hold at 4.35% but warned that government spending could stoke demand and inflation remains a concern. LINK
You can now use an online statutory declaration for sick leave without a JP signature, reducing the need for doctor visits for documentation. LINK
China announced that Australians can travel to China visa-free for up to 15 days. LINK
Passive superannuation strategies at Australia's largest funds are outperforming active ones, with double-digit returns. LINK
Surgeons are Australia's highest-paid professionals, earning over $480,000 annually. LINK
Building inflation is set to surge again driven by rising wages, increased demand for materials, and transitions to lower-carbon alternatives. LINK
Qantas is offering discounted business class and premium economy seats on international routes for the first time in 5 years. LINK
ANZ is implementing a new policy allowing wealthy customers in 145 postcodes to borrow up to 95% of a property's value without mortgage insurance. LINK
