🗞️ United heartbreak

We have a lot of passionate sports fans in Australia, however, global football (soccer) leagues often take that passion to the next level..

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Good morning. We have a lot of passionate sports fans in Australia, however, global football (soccer) leagues often take that passion to the next level.


A Manchester United 'superfan' who legally renamed himself Manchester United, died of a heart attack recently. However, his family claims he actually died of a broken heart amid the team's recent decline: 'from the period when United started to decline, he himself fell apart.'


It's a shame that Manchester United was not able to watch Manchester United beat Liverpool last weekend, the match that could have saved a life.


All the headlines and more below...

AUSTRALIAN NEWS

1 in 3 property markets now command a 7-figure median

  • Australia’s $1M property suburbs have surged 143% since 2020 with Brisbane adding the most while middle-income areas increasingly reach 7-figure valuations. LINK 

  • Australian households are seeing rising returns on solar and battery systems as average solar payback drops below 5 years while battery systems take nearly 9 years and save up to $3,019 annually in high-use homes. LINK 

  • Australian homes in flood zones have lost around $42B in value due to worsening climate impacts. LINK

  • Property prices along the Sydney Metro line have underperformed while neighbouring areas surged, surprising investors and defying infrastructure expectations. LINK

GLOBAL NEWS

PM plays along with Trump’s superannuation ‘deal’

  • Donald Trump has claimed credit for $1.5T in expected Australian superannuation investment in the US while PM Albanese avoided committing to international deployment. LINK

COMPANY NEWS

OpenAI is paying ex-investment bankers to train its AI

  • OpenAI has employed over 100 former investment bankers under Project Mercury to train its AI in financial modelling, offering $150 per hour to automate junior banker tasks. LINK

  • ABC has offered staff a 9% pay rise over 3 years with better leave entitlements included in a new compensation deal. LINK

  • ASIC is suing Delta Power & Energy for manipulating electricity futures in 2022 as it allegedly inflated Shell’s prices before its sale to Seven Global. LINK

  • ANZ and other banks have cut savings account rates and tightened bonus terms as customers face reduced returns despite a steady RBA rate. LINK

  • Mirvac reported a 150% rise in Sydney lot sales and 125% in Melbourne as it benefits from a wider federal first home buyer scheme. LINK

  • Sigma Healthcare reported rising sales of GLP-1 drugs such as Saxenda and Wegovy for weight loss as demand surged from October last year. LINK  

  • Bunnings is disputing the Privacy Commissioner’s claims it used facial recognition in 63 stores as it argues it was needed for theft prevention. LINK

  • Netflix missed earnings expectations while reporting strong revenue and viewership. LINK

  • Anthropic is in talks with Google on a cloud computing deal worth tens of billions to gain access to AI-optimised hardware. LINK

  • Oracle has paused a $250M tax dispute with the ATO as the case heads for resolution under an Ireland treaty agreement. LINK 

  • Adairs downgraded its H1 sales forecast to $319.5M–$331.5M as it faced weakening demand and scaled back promotional efforts. LINK 

  • Woodside Energy lifted its 2025 production outlook to as high as 197M barrels as the Sangomar project in Senegal continued strong output. LINK

  • EnergyAustralia has been ordered to provide $1.2M in credits and waivers after failing to help financially struggling customers as required under VIC law. LINK

  • Air New Zealand expects a first-half loss of up to NZ$55M as weaker bookings combine with rising lease and fuel costs. LINK

  • Online retailer Cettire reported a 3% sales drop and 8% fewer active customers in Q1 whilst citing weak US demand and trade challenges. LINK

CHART OF THE DAY

Amped up global battery demand

ONE MORE SCROLL

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Draft Pick: Mark Nawaqanitawase becomes dual international as Kangaroos name first Ashes Test team.

Odd Pick: Adult who allegedly posed as high school student for 19 days calls situation a ‘misunderstanding’.

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ANSWER

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