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The podcast bubble may have deflated slightly since its 2020 peak however we know lots of you still love a good pod!
Pick & Scroll News
August 01, 2025
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Good morning. The podcast bubble may have deflated slightly since its 2020 peak however we know lots of you still love a good pod!
Time magazine has provided their top 100 podcasts of all time so if you need a new recommendation, they've got you covered.
All the headlines and more below...
TEA
Earlier this week we asked for your opinion on the app Tea, which lets females rate males and post reviews after dates.
52% of those who responded thought the app wasn't fair, while 48% of you thought the app was a great idea.
Some common trends in comments:
"A reverse gender app probably wouldn't go down well."
"If you've got nothing to hide, you shouldn't have a problem."
"Why wouldn't we want an app to make it safer for women?"
AUSTRALIAN NEWS
The 20% HECS cut has passed Parliament
The Australian Parliament has passed legislation to reduce student debts by 20% as its first act of the 48th Parliament. LINK
Retail sales surged 1.2% in June, the biggest monthly jump since November 2021, driven by EOFY sales and the Nintendo Switch 2 launch. LINK
The ATO has raised its income cap on its Tax Help program to $70,000 ahead of the October 31 deadline. LINK
Australian property investors have increased by 35% over 20 years, outpacing population growth. LINK
Inherited superannuation balances face a 17% tax in Australia despite the country having no official inheritance tax. LINK
The Fair Work Commission is considering reducing penalty rates for 1.8M work-from-home employees under the Clerks Award. LINK
Australian infrastructure risks falling behind whilst 55% of stakeholders report smart technologies are not routinely included in new developments. LINK
The ATO has warned of realistic email scams targeting Australians during tax season. LINK
GLOBAL NEWS
Powell cites inflation risk as Fed holds interest rates steady
COMPANY NEWS
Westpac targets migrants from cricket nations in $40M sponsorship deal
Westpac secured a $40M four-year sponsorship with Cricket Australia whilst targeting recognition among cricket-loving migrants. LINK
Woolworths Holdings faces its first potential loss in decades after a $79M brand impairment at Country Road. LINK
ANZ has engaged McKinsey to review senior leadership whilst implementing a hiring freeze under its new CEO. LINK
JPMorgan has partnered with Coinbase to offer cryptocurrency purchases via credit cards to 80M customers this spring. LINK
Virgin Australia will allow small pets in designated rows after securing regulatory approval. LINK
NAB achieved a record $4.5B of business lending in June whilst regaining market share from CBA. LINK
TelstraSuper and Aware Super are exploring a $228B merger that could benefit 1.3M members through reduced fees. LINK
OpenAI doubled its revenue to US$12B annually, serving 700M weekly users. LINK
Canva has achieved US$3.3B in annual revenue as it expands enterprise offerings and acquires AI startups. LINK
TPG Telecom has completed the $5.25B sale of its fibre business to Vocus, receiving $4.7B in net proceeds. LINK
Amazon has committed US$20B for Australian data centres as agentic AI is predicted to influence 15% of business decisions. LINK
Team Global Express reduced annual losses by $73M as it considers an IPO or sale to expand online delivery services. LINK
Microsoft and Meta generated US$440B in combined market value from their AI investments, whilst Azure cloud revenue grew by 39%. LINK
Flight Centre has missed profit guidance due to volatility in Asia and the Middle East despite securing an AI partnership with Anthropic. LINK
ONE MORE SCROLL
Editor’s Pick: Yes, Gen Z is staring at you. The question is why.
Draft Pick: O’Callaghan equals Aussie swimming legend with gold at world champs.
Odd Pick: Company involved in Coldplay kiss-cam drama hires Gwyneth Paltrow as spokesperson.
TOGETHER WITH
Take what you’re doing offline and circle back on team wellness because real team bonding happens with puppies, not PowerPoint. Give your team an event they’ll actually look forward to with Puppy Yoga!
We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
TRIVIA
It would have been Henry Ford’s birthday today. We celebrate with a trivia looking at the largest automobile companies in the world. We've taken 5 brands from the top 10 companies by market cap. Can you put them in order of largest to smallest?
BYD, Toyota, Tesla, Ferrari, GM, BMW
Answers below
OUR SOCIALS
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ANSWERS
1. Tesla (1)
2. Toyota (2)
3. BYD (4)
4. Ferrari (5)
5. BMW (7)
6. GM (9)
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