Analyst news

• Tech stocks follow Wall Street's lead to drag ASX to lower finish for week — as it happened

  20-07-2023 23:57 via abc.net.au
  
  The Australian share market has followed Wall Street's lead, with tech stocks dragging it lower to shed 0.2 per cent in its final day of trade for the week. Look back on the day's financial news with our blog.
  
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• Live: Netflix and Tesla slide after earnings bump, Blackstone hits $US1 trillion milestone, ASX set for flat start

  20-07-2023 23:57 via abc.net.au
  
  Netflix and Tesla suffered significant declines on Wall Street overnight after Blackstone became the first private equity firm to manage $US1 trillion, while the ASX is set for a flat start after yesterday's jobs data. Follow live.
  
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• Live: Netflix and Tesla slide after earnings bump, Blackstone hits $US1 trillion milestone, ASX opens lower

  20-07-2023 23:57 via abc.net.au
  
  Netflix and Tesla suffered significant declines on Wall Street overnight after Blackstone became the first private equity firm to manage $US1 trillion, while the ASX has opened lower. Follow live.
  
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• 'It smells like rubbish bins': Businesses suffering as bird droppings paint alfresco area white

  20-07-2023 23:20 via abc.net.au
  
  Business owners call for action as 100 cormorants move into one tree in East Perth, painting the surrounding area white with foul smelling bird droppings.
  
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• 'I avoid this place': Businesses struggling as foul-smelling bird excrement ruins alfresco area

  20-07-2023 23:20 via abc.net.au
  
  Business owners call for action as 100 cormorants move into one tree in East Perth, painting the surrounding area white with pungent bird droppings.
  
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• 'It was raining inside': Plumbing pipe leaks causing ceilings to collapse

  20-07-2023 22:34 via abc.net.au
  
  A pipe which stopped being sold in the US almost 30 years ago is failing in some Top End homes, leading experts to call for an update to Australia's plumbing codes.
  
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• Technology using abandoned mine shafts to create renewable energy attracts international interest

  20-07-2023 22:29 via abc.net.au
  
  A 12-metre-high prototype of technology that could use abandoned mine shafts to generate renewable electricity is showcased to the public at an industrial site in Wollongong.
  
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• These Vic tourist towns made their own staff housing. Will they get a slice of the state's new accommodation fund?

  20-07-2023 22:18 via abc.net.au
  
  The Victorian government is offering a $150 million regional worker accommodation package after cancelling the Commonwealth Games. But will communities that have already found their own staff housing solutions get a share?
  
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• Free feeds and zoo visits: Inside the taxpayer-funded promotion of AFL Gather Round

  20-07-2023 22:04 via abc.net.au
  
  Selected players and staff from six participating AFL clubs were invited by the South Australian Tourism Commission to join experiences such as lunches and zoo visits, with taxpayers footing some of the bill.
  
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• 'Striking' falls in wholesale prices spark claims consumers are paying too much for power

  20-07-2023 22:01 via abc.net.au
  
  After benchmark power prices jumped hundreds of dollars a year, a senior energy researcher questions whether households will end up paying too much.
  
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• Claims consumers may be paying 'too much' for power after big falls in wholesale prices

  20-07-2023 22:01 via abc.net.au
  
  After benchmark power prices jumped hundreds of dollars a year, a senior energy researcher questions whether households will end up paying too much.
  
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• British royal family's funding cut back amid surging windfarm profits

  20-07-2023 21:48 via abc.net.au
  
  Public funds going to the British royal family are expected to be cut as new deals for offshore wind farms are expected to increase Crown Estate profits by 900 million pounds ($1.7 billion) a year. 
  
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• British royal family's funding cut back

  20-07-2023 21:48 via abc.net.au
  
  More than 86 million pounds went towards running the British royal households and paying for travel expenses in 2022. 
  
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• Eraring power plant's 2025 closure 'very unlikely' amid delays to renewable projects, experts say

  20-07-2023 21:12 via abc.net.au
  
  There are new questions over the viability of closing Australia's biggest coal-fired power plant, Eraring, after the energy market regulator said a lack of cheap coal energy had impacted electricity prices.
  
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• 'To hell with the consequences.' Why do good people do bad things in the workplace?

  20-07-2023 21:00 via abc.net.au
  
  Stress, moral disengagement and becoming too complicit are all risk factors for creating an unethical workplace.
  
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• When Diogo was looking for experienced, hiring Andrew out of retirement was a 'no brainer'

  20-07-2023 20:55 via abc.net.au
  
  Australia's buoyant jobs market is so far easily absorbing a record migrant intake, with many employers turning to retirees to fill vacant positions.
  
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• When Diogo was looking for experience, hiring Andrew out of retirement was a 'no brainer'

  20-07-2023 20:55 via abc.net.au
  
  Australia's buoyant jobs market is so far easily absorbing a record migrant intake, with many employers turning to retirees to fill vacant positions.
  
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• Retirees lured back to work as employers continue to face tight labour market

  20-07-2023 20:55 via abc.net.au
  
  Australia's buoyant jobs market is so far easily absorbing a record migrant intake, with many employers turning to retirees to fill vacant positions.
  
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• Chinese consulate damaged in Russian attack on Ukraine's Odesa

  20-07-2023 16:12 via abc.net.au
  
  A Chinese consular building is damaged in a third successive night of air strikes on southern Ukrainian port cities, Ukrainian officials say.
  
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• Inside the AI quest to break down K-pop language barriers

  20-07-2023 10:53 via abc.net.au
  
  One K-pop music label is using AI to record tracks in multiple languages. So what does it mean for the music industry? 
  
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• Popular dolphin park faces uncertain future as COVID, floods, fires and rate rises take a toll

  20-07-2023 10:35 via abc.net.au
  
  One of Australia's last marine tourism facilities with dolphins has entered voluntary administration, but its founder hopes the community will help save the park. 
  
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• At Close of Business podcast July 20 2023

  20-07-2023 10:33 via businessnews.com.au
  
  Senior editor Mark Beyer and senior journalist Jack McGinn discuss the connection between a Perth Rotary club and an international medical charity. 
  Plus: FMG's rebrand; CCC on Goldmaster deal, and MinRes China plans abandoned.
  
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• Netflix gains millions of subscribers following password-sharing crackdown

  20-07-2023 10:04 via abc.net.au
  
  After a turbulent stretch of losing users, the streaming service posts one of its biggest growth in numbers for the April-June period, but analysts say it will be hard to sustain.
  
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• BHP faces cost pressures, warns of economic volatility

  20-07-2023 10:04 via businessnews.com.au
  
  Mining giant BHP has warned of cost pressures and uncertain international economic conditions in the year ahead.
  
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• ASX finishes flat as tight jobs report puts heat on RBA

  20-07-2023 09:59 via businessnews.com.au
  
  The local bourse lost steam to close essentially unchanged after better-than-expected employment data increased the odds of another rate hike.
  
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• Law change flagged amid Shalom House dispute

  20-07-2023 09:53 via businessnews.com.au
  
  The state government says it will change legislation to address a planning issue at the centre of a dispute involving a proposed Shalom House rehabilitation facility in Craigie.
  
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• Call for property industry change

  20-07-2023 09:45 via businessnews.com.au
  
  Rothelowman boss Nigel Hobart says the property industry needs to innovate and at times break the rules to address supply shortages.
  
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• Broker, funds manager, execs and media named in defamation claims

  20-07-2023 09:37 via businessnews.com.au
  
  A high-profile broker, boutique fund manager, lithium executives and media outlets have been dragged into a defamation action brought by a pair of prominent Perth resources directors.
  
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• Adviser, fundie, execs and media named in defamation claims

  20-07-2023 09:37 via businessnews.com.au
  
  A high-profile broker, boutique fund manager, lithium executives and media outlets have been dragged into a defamation action brought by a pair of prominent Perth resources directors.
  
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• Renewable energy projects are spreading across the landscape but not everyone is benefiting

  20-07-2023 09:34 via abc.net.au
  
  A once-in-a-generation transition is happening in rural Australia, but the big switch to renewables is worrying some farmers.
  
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• Teachers give A+ to former student and incoming RBA governor Michele Bullock

  20-07-2023 09:20 via abc.net.au
  
  Michele Bullock will be the first woman to govern the RBA, but for her former teachers at Armidale High School, the achievement comes as no surprise.
  
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• Incoming RBA governor Michele Bullock's success no surprise to former maths, economics teachers

  20-07-2023 09:20 via abc.net.au
  
  Michele Bullock will be the first woman to govern the RBA. Her former teachers at Armidale High School recall she was a diligent student who was always at the top of her classes.
  
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• Incoming RBA governor Michele Bullock's success no surprise for former maths, economics teachers

  20-07-2023 09:20 via abc.net.au
  
  Michele Bullock will be the first woman to govern the RBA. Her former teachers at Armidale High School remember her as a diligent student who was always at the top of her classes.
  
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• GenusPlus awarded $28m NBN contract

  20-07-2023 09:20 via businessnews.com.au
  
  Belmont-based communications infrastructure provider GenusPlus Group has been contracted by NBN Co to deliver works valued at $28 million.
  
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• FMG rebrands, invests in US

  20-07-2023 09:18 via businessnews.com.au
  
  Fortescue Metals Group has marked its 20-year anniversary by changing its branding, while its green energy arm has acquired the owner of a proposed green hydrogen project in the US.
  
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• Senator calls for Deloitte to face fresh grilling over claims ex-partner David Milo shared military documents

  20-07-2023 09:14 via abc.net.au
  
  A senator examining the big four consulting firms says Deloitte should be recalled over claims one of its ex-partners, David Milo, reportedly shared private military documents obtained while at Deloitte in order to win work for his own fledgling firm. 
  
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• Russian bombing of grain port in Ukraine prompts global wheat price hike

  20-07-2023 08:19 via abc.net.au
  
  Global wheat prices jump $33 per tonne overnight after Russia bombs the Odesa grain port and threatens to destroy any cargo ships leaving Ukraine.
  
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• Medals more than just for show

  20-07-2023 08:00 via businessnews.com.au
  
  A trio of Margaret River wines has made a splash at the world’s biggest wine show.
  
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• For nearly a decade, this farmer has had to stand on a fence to make a phone call and he's fed up

  20-07-2023 06:23 via abc.net.au
  
  Lynton Barrett wants to know if the phone coverage will improve at his Lameroo farm before he invests more than $10,000 in mobile boosters.
  
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• 'Breathtaking in its audacity': Woman who embezzled millions from NAB jailed for 15 years

  20-07-2023 05:13 via abc.net.au
  
  Helen Mary Rosamond embezzled millions from the NAB to fund a life of opulence between 2013 and 2017, including luxury holidays, business class flights.
  
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• WA tourism drops as economic pressures rise

  20-07-2023 05:08 via businessnews.com.au
  
  A new study has found tourism activity in Western Australia has dropped for the first time since the pandemic and the North West region has faced the largest decline.
  
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• CCC finds risks in Goldmaster investment

  20-07-2023 05:05 via businessnews.com.au
  
  The CCC has identified risks of serious misconduct in a failed social housing project, including the state government’s multi-million-dollar investment in private company Goldmaster.
  
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• WA unemployment rate falls in June

  20-07-2023 05:04 via businessnews.com.au
  
  Western Australia’s seasonally adjusted unemployment rate fell back 0.1 per cent in June to 3.6 per cent, as the national figure held steady at 3.5 per cent despite an employment uptick.
  
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• Liddell power station closure contributed to higher energy prices, regulator says

  20-07-2023 04:45 via abc.net.au
  
  The closure of the Liddell coal-fired power station in the NSW Hunter Valley in April has helped drive up energy costs, a new report shows.
  
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• Business subsidies increasingly opaque

  20-07-2023 04:11 via businessnews.com.au
  
  The amount of assistance provided by taxpayers to Australian industry increased last year to $13.8 billion and it is increasingly difficult to assess its value, a report has found.
  
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• Rotary raisings inspire Interplast

  20-07-2023 03:56 via businessnews.com.au
  
  A small Rotary club in suburban Perth has had a big impact on an international medical charity.
  
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• RBA's 'narrow path is widening': The jobs boom continues as all eyes turn back to inflation

  20-07-2023 03:36 via abc.net.au
  
  Australia's unemployment rate surprises experts by dipping back to 3.5 per cent, with almost 33,000 extra people gaining jobs last month.
  
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• Jobless rate posts surprise fall as 33,000 more people find work

  20-07-2023 03:36 via abc.net.au
  
  Australia's unemployment rate surprises experts by dipping back to 3.5 per cent, with an estimated 33,000 extra people gaining jobs last month.
  
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• Staff in demand as jobs data tipped to show resilience

  20-07-2023 03:08 via businessnews.com.au
  
  The official labour data has proved resilient but is expected to start responding to worsening domestic economic conditions later in the year.
  
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• Outer Sydney development will create 13,000 homes — but only 187 are earmarked as affordable

  20-07-2023 02:39 via abc.net.au
  
  The NSW government is being urged to "do better" by increasing the number of affordable homes in one of the state's biggest development projects on the outskirts of south-western Sydney.
  
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