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🗞️ The middle class
Warren Buffett has provided his six best pieces of money advice for the middle class.
Pick & Scroll News
February 03, 2025
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Good morning. Warren Buffett has provided his six best pieces of money advice for the middle class.
Unfortunately, shopping sprees, punters clubs and lavish holidays don't make the list, but we're sure they would have made his top 10.
Good luck with the savings goals this year.
All the headlines and more below...
GENERAL PICK
Trump has initiated a trade war through tariffs on goods from Mexico, Canada and China, triggering immediate retaliatory measures. LINK
AUSTRALIAN NEWS
Airport spending doubles to $30 billion. The catch? Higher fares
Australia’s biggest airports are investing more than $30B in new runways and terminals over the next decade but it is likely costs will be passed onto travellers. LINK
Sydney home buyers pushed up the auction clearance rate with the preliminary clearance rate in the NSW capital leaping to 67.5% from 59.5% a week earlier. LINK
Tasmanian oyster farmers face financial collapse as a mysterious disease destroys Pacific oyster populations in key production areas. LINK
Victoria's state building watchdog is facing a bribery scandal involving alleged corruption in building registrations. LINK
The government has launched a review into the treatment of transgender children and adolescents to develop new national guidelines for puberty blockers and hormone treatments that are currently controlled by the states. LINK
GLOBAL NEWS
Ukraine says North Korean troops may have pulled out of front line after mass casualties
North Korean soldiers who joined their Russian allies in battle against Ukrainian forces have been pulled off the front lines after suffering heavy casualties. LINK
The European Union is planning to make e-commerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online. LINK
The UN warns of AI's environmental impact due to energy-intensive technology and rare earth mining requirements. LINK
COMPANY NEWS
Cult chicken chain El Jannah says sales will push $300 million this year
El Jannah expects revenues of up to $300M this financial year and has ambitions to nearly triple the number of its stores by 2027. LINK AFR
CBA will begin offering loans for up to 60% of prefabricated home-builds as it now expects the market to more than triple in value over the next decade. LINK
Atlassian achieved US$1.29B in revenue with 30% subscription growth after strong cloud revenue growth and record million-dollar deals. LINK
Lorna Jane doubled its annual profit to $21.3M as strong demand for athletic lifestyle clothing persists well beyond the pandemic. LINK
The Clean Energy Finance Corporation has partnered with NAB to provide $300M in discounted loans for businesses transitioning to net zero emissions. LINK
Lendlease has sold its infrastructure investing business Capella Capital to Sojitz Corporation for $235M. LINK
Mesoblast has secured $322M in funding to launch Ryoncil, the first FDA-approved therapy for children with a major complication of allogeneic stem cell transplantation. LINK
News Corp is among the largest enterprise users of Google Workspace to face opt out issues with Google Gemini’s rollout. LINK
Crypto Tax Calculator has grown rapidly since ATO warnings about cryptocurrency tax obligations in 2020. LINK
Bundaberg Brewed Drinks launches its first South Korea-specific flavour with K-Pop endorsements. LINK
ONE MORE SCROLL
Editor’s Pick: The 50 greatest war movies ever made.
Draft Pick: Arsenal keep title hopes alive with big win over Manchester City.
Odd Pick: Virgin Money chatbot tells off customer who typed word ‘virgin’.
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TRIVIA
MyFace
On this day in 2005, Mark Zuckerberg opened Facebook beyond Harvard, beginning its journey as a global social media giant. How well do you know Facebook?
What was Facebook originally called when it was first created at Harvard?
A) The Social Network
B) Facemash
C) FriendSpace
D) The Facebook
In what year did Facebook acquire Instagram?
A) 2009
B) 2012
C) 2015
D) 2017
Roughly how many monthly active users does Facebook have?
A) 900 million
B) 1.5 billion
C) 2.2 billion
D) 3 billion
As of 2024, which country has the largest number of Facebook users?
A) United States
B) Brazil
C) India
D) Indonesia
Answers below
OUR SOCIALS
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ANSWERS
1. B) Facemash
2. B) 2012
3. D) 3 billion
4. C) India
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