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🗞️ Pinocchio and Monstro
If you've had a rough start to the week, at least you're not Adrián Simancas.
Pick & Scroll News
February 19, 2025
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Good morning. If you've had a rough start to the week, at least you're not Adrián Simancas.
Adrián's Dad captured him being swallowed by a humpback whale while on a kayak, and then moments later, spat back out.
Adrián had started to think how he might survive inside the humpback whale "like Pinocchio" - then the creature released him back into the ocean.
All the headlines and more below...
AUSTRALIAN NEWS
The RBA delivers its first interest rate cut in 4 years
The Big Four Banks have cut deposit rates by 0.25%, mirroring the RBA’s 0.25% cut to 4.1%, with RBA Governor Bullock signalling hesitancy towards further cuts. LINK
NSW's Housing Delivery Authority has fast-tracked 6,500 homes across 11 projects to bypass council planning processes. LINK
Sydney has recorded its lowest residential building approvals since 2011 with 28,322 approvals in 2024. LINK
QLD politicians have lost exclusive airline lounge access while new ministers gained entry amid government spending reviews. LINK
The federal government is increasing school funding to implement Gonski education reforms through state agreements. LINK AFR
GLOBAL NEWS
ESG proposal support falls to record lows due to US resistance
Support for ESG proposals has reached a record low due to US investor resistance favouring fossil fuels. LINK
COMPANY NEWS
Adobe Firefly unveils first video generation model that it says is "safe to use"
Adobe has unveiled the first commercial-safe AI video generator whilst Workday launched an AI agent management system. LINK
Virgin has overtaken Qantas in domestic market share, reaching 35% in December 2024. LINK
Seek has increased its interim dividend to 24 cents whilst narrowing its full-year profit guidance and selling part of its Employment Hero stake to KKR for $95M. LINK
Challenger reported a 12% rise in underlying profit due to commercial property revaluations. LINK
Tesla has commenced mass production of the revamped Model Y at its Shanghai factory. LINK
Worley has developed an AI-powered Smart Response Generator that reduces technical response drafting time from weeks to minutes. LINK
BHP cut its half-year dividend to US50¢ as falling iron ore and coal prices reduced profit to US$5.08B. LINK
Dexus has returned to profitability with a $10.3M first-half net profit following a $597.2M loss last year. LINK
Seek reported an adjusted profit of $85.2M for the first half of FY25 as job ad volumes declined. LINK
Judo Capital reported a 70% increase in first-half net profit to $40.9M due to strong lending margins. LINK
ONE MORE SCROLL
Editor’s Pick: Sea otters have pockets to carry rocks and extra food.
Draft Pick: Following an eight year hiatus from the cricket world, the Champions Trophy starts today.
Odd Pick: Australian cruise ship crew dress up in Ku Klux Klan-like costumes for Christmas event.
TOGETHER WITH
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TRIVIA
Fifty-fifty
You are going to flip a fair coin—with heads on one side and tails on the other—five times in a row. What is the probability that you get three or more consecutive flips the same (either heads or tails)?
Answer below
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