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🗞️ Hot dollar
There were some big money moves this week to make that rejected 2% pay rise sting a little more...
Pick & Scroll News
September 12, 2025
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Good morning. There were some big money moves this week to make that rejected 2% pay rise sting a little more…
Larry Ellison just became the world’s richest man after Oracle shares surged 40%, pushing his net worth to $593 billion.
Josh Giddey, Australia’s NBA star, locked in a 4-year, $152 million deal with the Chicago Bulls.
And in Byron Bay, a home right next door to Chris Hemsworth sold for a casual $36 million.
Every dollar counts… even if you’re still $35,999,999 short of buying that dream home.
All the headlines and more below...
AUSTRALIAN NEWS
‘Affordable' homes take 8 years to save for and cost 'half household income'
Australian home deposits now require 8 years of savings while consuming 50% of household income. LINK
WA's capital recorded the lowest average petrol price at 171.5c per litre during the June quarter. LINK
Young Australians are funding early career breaks through micro-retirements despite long-term super risks. LINK
Australian employers maintain hybrid work models as 74% keep current office policies. LINK
Australia Post lost 70,000 identity documents over 3 years, raising identity theft concerns. LINK
VIC Premier Jacinta Allan faces mounting pressure for a royal commission as corruption allegations from FY23 surface. LINK
Work spouse relationships boost job satisfaction. LINK
GLOBAL NEWS
Manhunt for Charlie Kirk killer continues as Trump says it is 'dark moment for America'
COMPANY NEWS
Report finds Sydney Water was too quick to claim no PFAS hotspots in drinking water catchments
Sydney Water dismissed PFAS contamination concerns without adequate testing despite later detections in drinking catchments. LINK
Bendigo, NAB, ANZ and BOQ announced widespread job cuts in technology roles due to restructuring and automation. LINK
ANZ plans to cut 4,200 jobs from its 42,000-strong workforce whilst facing union resistance in retail and business lending. LINK
Qantas has dropped to 17th place globally for its loyalty program whilst requiring up to 20% more points for rewards, despite improving from 24th position last year. LINK
Westpac warns that the RBA's proposed interchange fee cuts could increase credit card costs for consumers. LINK
Visa Australia supports removing card surcharge fees and warns against interchange rate caps. LINK
Amazon's Project Kuiper will provide satellite internet to 300,000 rural Australian homes and businesses. LINK
Decathlon Australia has reported FY24 revenue of $35.23M with a $17.1M loss despite format changes. LINK
OpenAI executives will meet with Treasurer Jim Chalmers to discuss strategic investments in Australia. LINK
Triple M radio has been censured by the ACMA for broadcasting offensive comments about the Matildas. LINK
Stripe will launch its Capital service in Australia by FY25 to provide data-driven financing whilst 85% of firms express confidence in AI adoption. LINK
Oracle projects cloud revenue will exceed US$500B whilst moving towards a US$1T market capitalisation. LINK
Myer is investigating mental health provider D'Accord OAS after counsellors reported payment withholding and professional threats. LINK
Downer EDI and Ventia Services secured $5.75B in defence contracts while facing an ACCC price-fixing lawsuit for alleged misconduct between 2019 and 2022. LINK
ONE MORE SCROLL
Editor’s Pick: Easy ways to add more protein to your meals without even noticing, according to nutritionists.
Draft Pick: AFL star apologises for disgusting act.
Odd Pick: Two friends agree to shoot each other in head while wearing kevlar helmets, one charged with murder.
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