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đď¸ Quiet quitting
If you thought corporate retirement parties were just cake and speeches, meet Warren Buffettâs âquiet quittingâ of his CEO role: still coming into the office 5 days a week, still working, but handing over the annual letter and the baton to Greg Abel.
Pick & Scroll News
November 20, 2025
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Good morning. If you thought corporate retirement parties were just cake and speeches, meet Warren Buffettâs âquiet quittingâ of his CEO role: still coming into the office 5 days a week, still working, but handing over the annual letter and the baton to Greg Abel.
Heâs keeping his substantial shareholding in Berkshire Hathaway âuntil shareholders feel comfortableâ (which, letâs face it, is him saying heâs not quite gone yet).
All the headlines and more below...
AUSTRALIAN NEWS
Australia needs 1.9M new homes now to make housing affordable
Australia needs to build 1.9M additional homes, 16% more than current stock, as the HIA finds average income earners are priced out of the market. LINK AFR
Female investors in Australia are reshaping the wealth landscape as they focus on ethical investment, sustainability and long-term family capital growth. LINK AUS
Young Australians are embracing ârentvestingâ as high property prices prompt them to buy in affordable suburbs while renting in preferred locations. LINK AFR
Regulatory barriers are stopping super funds from investing $54B into startups as this has cost retirees $20,300 in missed gains, says a Mandala report. LINK
AI is transforming banking and insurance as firms upgrade legacy infrastructure to modern cloud platforms for efficiency and competitiveness. LINK
A shrinking pool of financial advisers in Australia has created a two-tiered system as average households struggle to access affordable financial guidance. LINK
Most Australian financial advisers still avoid Bitcoin, despite it holding a trillion-dollar market cap, due to high volatility and lack of regulation. LINK
Sustainable housing upgrades like energy efficiency and solar are boosting home values as policy and market trends support eco-based investments. LINK
The ATO has warned taxpayers about a rising scam involving barter credits and inflated donations as participants may face serious penalties or fraud charges. LINK
Warehouse workers across Australia have received pay rises up to $30,000 as Labourâs âsame job same payâ laws expand beyond mining. LINK
Australian wages have increased 3.4% over the past year as public sector pay outpaced private wages, raising concerns it could delay interest rate cuts. LINK
Australiaâs public sector wages are rising faster than private pay as inflation pressures mount and complicate RBA policy settings. LINK
Australian companies are targeting emerging markets like ASEAN, India and the Middle East as growth slows in the US and UK. LINK
Australians have accumulated over 209M unused annual leave days as the pandemic and cost-of-living pressures delayed holidays. LINK
Australian farmers have warned that carbon border tariffs could severely damage agriculture as fears grow over ineffective emission results. LINK
GLOBAL NEWS
Waste, harassment claims and walkouts: Behind a city's months-long bin workers' strike
Birminghamâs 8-month garbage strike has exposed deeper UK labour strains whilst short-term bin plans fail to meet demands. LINK
COMPANY NEWS
Cloudflare chaos: Third internet outage in 4 weeks triggers global disruptions
A global internet outage caused by Cloudflare disrupted major sites like X, Shopify and Moodyâs whilst exposing weaknesses in digital infrastructure. LINK
Aldi is focusing on private-label products as part of a profit drive whilst rival supermarkets Coles and Woolworths cut prices on branded ranges. LINK
AustralianSuper has backed APRAâs 12-month stress test that revealed liquidity gaps in the $4.2T super system. LINK
Ferry firm StraitNZ, owned by Morgan Stanley Infrastructure, is being marketed for sale at up to NZ$1B as buyers eye infrastructure exposure. LINK
Optus has received an $826,320 fine for 44 scam law breaches as security lapses led to identity fraud risks. LINK
Charter Hall is in talks to acquire a $500M stake in the OâConnell precinct in Sydney from the Abu Dhabi Investment Authority as Lendlease is unlikely to match due to fund stress. LINK
Microsoft and Nvidia will invest up to US$15B in AI startup Anthropic while it will spend US$30B on Microsoftâs Azure cloud services. LINK
Air New Zealand will rebrand its Airpoints loyalty programme to âKoruâ from April 2026 to reflect connection, care and cultural identity. LINK
A TPG customer died as a failed Triple Zero emergency call exposed a flaw affecting 740,000 old phones and raised ACCC concerns. LINK
CSL will invest $2.3B across 5 years to expand US plasma therapy manufacturing as it aims to improve supply security and create jobs. LINK
New Zealand's stock exchange is considering buying Cboe Australia to challenge the ASX as it seeks to improve equity trading competition. LINK
Optus has received a penalty after scammers exploited a flaw to steal $39,000 from user accounts via fraudulent SIM porting activities. LINK
KMD Brands reported a 7.9% sales rise as margin pressure remained due to aggressive discounting on aging stock in Kathmandu and Rip Curl. LINK
Roblox will introduce an AI-based age verification tool as regulators pressure platforms to shield children from online harm. LINK
Google launched Gemini 3 across all its products for $33/month as its AI Pro subscription offers improved coding and video analysis tools. LINK
The Star Entertainment Group will cut 40 senior jobs whilst new owners Ballyâs and the Mathieson family await regulatory approval. LINK
HMC Capital CEO David Di Pilla defended investments in renewables and data centres, facing pressure from activist investors and a 70% share drop in 2024. LINK
ONE MORE SCROLL
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