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Feeling anxious to get the week started?
Pick & Scroll News
July 07, 2025
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Good morning. Feeling anxious to get the week started?
A 20 second hug can reduce anxiety by up to 30%.
Not that close with your work colleagues? Hugging a cushion can also lower stress levels which should be less awkward than asking for a hug from Steve in finance.
All the headlines and more below...
AUSTRALIAN NEWS
Modern work demands we be ‘always on’
Work-related stress has affected 50% of employees in the past year due to constant productivity pressures. LINK
The Australian commercial property market has rebounded as investors shift from cash to growth assets. LINK
AI-related misrepresentations have emerged as a new focus for class action lawsuits against companies. LINK
National auction clearance rates have reached 73.1% as lower rates drive property market recovery in Sydney and Melbourne. LINK
The federal government has committed more than $430M for a hydrogen production hub in NSW's Hunter region. LINK
Families are paying premiums up to 35.1% for houses in Melbourne's top school zones. LINK
The ASX 200 has reached a record close at 8603 despite mining sector losses. LINK
GLOBAL NEWS
Musk announces forming of 'America Party' in further break from Trump
Tesla CEO Elon Musk has established the "America Party" as he criticises Donald Trump's tax policies. LINK
President Donald Trump's US$3.4B tax cut package has passed in Congress with a narrowly approved the legislation 218-214. LINK
Donald Trump announced the US will begin sending letters to trading partners outlining tariff rates ranging from 10-20% to as high as 60-70%, with the first "10 or 12" notifications going out Friday. LINK
Air cargo shipment volume from Asia to North America declined 10.7% in May after the US cancelled tax-free exemptions for low-value packages from China, with tariffs initially reaching 145% before settling around 30%. LINK
COMPANY NEWS
Qantas customers face wait until ‘next week’ for details of data hack
Qantas CEO Vanessa Hudson has defended the airline's handling of a cyber breach affecting up to 6 million customers, confirming the investigation was "progressing well" with no further threat detected. LINK
Apartments.com.au has entered the property market to compete with REA Group in off-the-plan listings. LINK
Meta CEO Mark Zuckerberg competed in his first official Brazilian Jiu-Jitsu tournament while exploring his martial arts passion. LINK
HSBC has initiated the sale of its Australian retail banking arm with $40B in loans and $30B in deposits, attracting interest from Westpac and NAB. LINK
Super funds have demanded answers from childcare operator Affinity Education and others after revelations that a worker now charged with over 70 child abuse offences was employed across 20 Melbourne centres. LINK
BYD has surpassed Tesla in Australian sales. LINK
Betashares has acquired finance podcast startup Equity Mates for $8.5M in cash and equity whilst maintaining editorial independence and reaching 780,000 monthly listeners. LINK
AustralianSuper is investing 70% of its $365B offshore while calling for tax reforms to increase domestic opportunities. LINK
Channel 7 resumed free-to-air TV broadcasting in SA and NSW after resolving a dispute with WIN TV through regulator intervention. LINK
Monadelphous has secured $100M in contracts with Shell and Origin Energy. LINK
Magellan reported FY25 performance fees of $11M as its funds under management reached $39.6B. LINK
Goodman Group is expanding from warehouses to data centres with a $4B fund to meet AI infrastructure demand. LINK
FICO has included buy now, pay later loans in its new credit scoring model to help boost users' credit ratings. LINK
Pro Medicus has secured $190M in new US contracts while achieving 140% share growth over the year. LINK
Hub24 is projected to achieve $16B in annual inflows driven by advisor engagement and wealth client acquisition. LINK
ONE MORE SCROLL
Editor’s Pick: In a bid to retain its staffers amid a Meta poaching spree, OpenAI is giving them a mandatory week-long vacation.
Odd Pick: Snake on a plane delays a flight in Australia.
TOGETHER WITH
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We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
BRAINTEASER
Which four letter word can go before hammer, knife and pot to make three other words?
Answer below
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