Analyst news

• Netflix sacks 150 'great colleagues' while eyeing subscribers sharing accounts

  18-05-2022 23:40 via abc.net.au
  
  Netflix says it laid off about 2 per cent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service.
  
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• ASX tumbles, Dow Jones drops 1,100 points as Wall Street suffers its worst sell-off since 2020

  18-05-2022 22:59 via abc.net.au
  
  Australian shares fall sharply in morning trade, as Wall Street suffers its worst daily sell-off in two years, while US retailer Target reveals the costs of surging inflation, sending its share price down 25 per cent in a single day.
  
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• ASX set to tumble, Dow Jones drops 1,100 points as Wall Street suffers its worst sell-off since 2020

  18-05-2022 22:59 via abc.net.au
  
  Australian shares are set to plummet in morning trade, as Wall Street suffers its worst daily sell-off in two years, while US retailer Target reveals the costs of surging inflation, sending its share price down 25 per cent in a single day.
  
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• What are the rules around truth in political advertising in a federal election?

  18-05-2022 21:58 via abc.net.au
  
  Signs falsely depicting independent candidates as part of the Greens are in breach of the Electoral Act, the Australian Electoral Commission says. So what are the rules?
  
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• Telcos frustrated the Coalition is using private-sector millions to promote infrastructure projects

  18-05-2022 21:58 via abc.net.au
  
  Some of Australia's largest telecommunications companies are frustrated the Coalition is dragging them in to its re-election bid, with the government trumpeting 100 infrastructure investments during the campaign which are partly funded by private companies.
  
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• The pressure is on in Shanghai to remain COVID-zero.

  18-05-2022 11:31 via abc.net.au
  
  Health authorities in Shanghai are facing "huge" pressure to keep China's most populous city free of COVID-19 as residents are counting down the days until June 1 and the end of their lockdown after almost two months of isolation.
  
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• At Close of Business: Mark Beyer talks lawyers, new ranking

  18-05-2022 10:41 via businessnews.com.au
  
  Senior editor Mark Beyer delves into how staffing changes behind the scenes have shaken up the law sector in WA.
  
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• $1.3m Decmil, Avid stoush continues

  18-05-2022 10:26 via businessnews.com.au
  
  Decmil remains locked in a bitter battle with Avid Australia over whether it should have to pay $1.3 million in bills subsidiary Avid Resources disputed before its collapse.
  
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• Pandemic still weighing on festival season

  18-05-2022 10:11 via businessnews.com.au
  
  Fringe World Festival’s parent company Artrage has pointed to some signs of a recovery from the pandemic in its latest impact report, posting a higher box office spend but overall lower attendance.
  
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• Miners lead ASX as market climbs

  18-05-2022 09:47 via businessnews.com.au
  
  The major miners have led the ASX higher, with iron ore prices rising as China reopens.
  
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• Help for St John after "unacceptable" death

  18-05-2022 09:30 via businessnews.com.au
  
  Police and health officials have been dispatched to St John HQ over the death of a Perth grandmother.
  
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• Abandoned customers furious as solar panel company stops answering calls

  18-05-2022 07:53 via abc.net.au
  
  An angry solar panel customer is preparing to take a company to court after an attempt to get more sustainable power descended into a months-long saga which she said left her $900 out of pocket.
  
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• SRG lands $95m Alcoa gig

  18-05-2022 07:48 via businessnews.com.au
  
  The Subiaco-based business has booked a five-year contract providing civil maintenance works at Alcoa’s alumina refinery in Kwinana.
  
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• SRG lands $95m Alcoa contract

  18-05-2022 07:48 via businessnews.com.au
  
  Subiaco-based SRG Global has booked a five-year contract providing civil maintenance works at Alcoa’s alumina refinery in Kwinana.
  
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• 'That's serious money': Outback NSW graziers frustrated by lengthy road closures as costs add up

  18-05-2022 06:55 via abc.net.au
  
  Landowners say ongoing road closures around Menindee are costing them thousands of dollars in fuel and penalties for ageing lambs, as rain exacerbates the problem.
  
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• Holes in contact tracing system

  18-05-2022 06:55 via businessnews.com.au
  
  The state's auditor-general has found "significant weaknesses" in the COVID-19 contact tracing system, including allowing unnecessary and excessive access to personal information.
  
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• Aus Vanadium moves on plant

  18-05-2022 06:53 via businessnews.com.au
  
  Australian Vanadium is powering ahead with plans to build a vanadium processing plant in the state’s Midwest, lodging the proposal with the environmental watchdog.
  
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• Flood-hit retailers at major Brisbane shopping centre have leases terminated

  18-05-2022 06:40 via abc.net.au
  
  Centre owner Mirvac has informed some businesses that it is "impractical and undesirable to reinstate the centre" to how it was before it was inundated in February.
  
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• Boral in earnings raincheck

  18-05-2022 06:16 via businessnews.com.au
  
  Building materials company Boral has shed $45 million off forecasted underlying earnings on account of heavy rainfall and ballooning fuel prices.
  
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• Housing supply out of step with population growth

  18-05-2022 06:00 via businessnews.com.au
  
  Urbis says WA’s population could rise faster than the government expects, as jobs figures remain at boom levels.
  
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• $50m underground power deal for Vincent

  18-05-2022 05:32 via businessnews.com.au
  
  Hundreds of property owners in City of Vincent will be able to tap into underground power as part of a $50 million Western Power project.
  
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• Devastating wage data, economist says

  18-05-2022 05:22 via businessnews.com.au
  
  Wages in WA have performed worse than any state in the year to March, and were running more than 5 per cent behind inflation.
  
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• WA COVID cases grow by 16,253

  18-05-2022 04:28 via businessnews.com.au
  
  The number of COVID cases in WA has risen by 16,253 overnight, as active infections across the state continue to edge closer to the 90,000 mark.
  
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• Poynton frank in defending decisions

  18-05-2022 04:24 via businessnews.com.au
  
  Business leader John Poynton has detailed the challenging year he has endured, dissecting his role at Crown and the retention of Nev Power on the Strike Energy board.
  
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• Services resume behind schedule after entire Victorian regional rail network grinds to a halt

  18-05-2022 04:16 via abc.net.au
  
  V/Line says it is working to locate the fault and that passengers will be facing significant delays today.
  
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• Wages grow less than half inflation rate

  18-05-2022 03:55 via businessnews.com.au
  
  The Australian Bureau of Statistics said its wage price index rose by an annual rate of 2.4 per cent, less than half the rate of inflation.
  
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• Wages growth edges up, but still a long way short of the rising cost of living

  18-05-2022 03:36 via abc.net.au
  
  Australian workers saw their base wages rise 2.4 per cent over the past year, according to official figures from the ABS.
  
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• Wages 'collapse' leaves workers falling further behind surging cost of living

  18-05-2022 03:36 via abc.net.au
  
  Australian workers saw their base wages rise 2.4 per cent over the past year, but inflation more than double that rate meant their real wages "collapsed", according to economists.
  
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• Bonnie is one of many employers struggling to find staff, so why aren't workers being paid more?

  18-05-2022 03:36 via abc.net.au
  
  Australian workers saw their base wages rise 2.4 per cent over the past year, but inflation more than double that rate meant their real wages "collapsed", according to economists.
  
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• Rates, inflation to take edge off growth

  18-05-2022 03:11 via businessnews.com.au
  
  New data suggests the sharp rise in inflation and an expected rapid rise in interest rates will take the edge off Australia's economic expansion.
  
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• KWM aims for #1 in Perth market

  18-05-2022 03:00 via businessnews.com.au
  
  Perth’s top law firms open up on the extraordinary wave of partner poaching that is reshaping the sector.
  
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• Forrest returns to FMG top spot

  18-05-2022 02:24 via businessnews.com.au
  
  Fortescue has announced a raft of changes at the top of end of the business, including Andrew Forrest stepping in as interim iron ore boss.
  
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• 'Whole new cost': Disaster victims bemoan election policy silence amid sky-rocketing insurance

  18-05-2022 01:27 via abc.net.au
  
  Ruth Haggar discovered her home was under-insured when she lost it in the Black Summer bushfires and can't understand why politicians are "not speaking up" this federal election.
  
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• 'We couldn’t believe someone would stoop to that level': CLP-endorsed pro-fracking campaign attacks pastoralists

  18-05-2022 01:15 via abc.net.au
  
  The organisation Back Beetaloo has been reprimanded by the AEC and accused of "astroturfing" by a digital media expert.
  
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• 'Couldn't believe someone would stoop to that level': CLP-endorsed pro-fracking campaign attacks pastoralists

  18-05-2022 01:15 via abc.net.au
  
  The organisation Back Beetaloo has been reprimanded by the AEC and accused of "astroturfing" by a digital media expert.
  
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• We fact checked Michael Sukkar on the levels of first home buyers. Here's what we found

  18-05-2022 00:03 via abc.net.au
  
  Housing Minister Michael Sukkar says the Coalition is responsible for getting the level of first home buyers to its highest in 15 years. RMIT ABC Fact Check runs the numbers.
  
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