A lost love for letters means posties will only deliver them to most Australians every second day, but parcels will still be dropped off daily. After recording a $200 million loss, Australia Post is shifting its priorities to packages, with half a billion parcels delivered to people in the last financial year. WATCH THE VIDEO … Read more
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a major reversal after the automaker significantly increased plant capacity for … Read more
A vehicle refuels at a Shell gas station in Hyattsville, MD, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Gas prices in the U.S. have fallen to the cheapest level of the year just as consumers prepare for the height of the busy holiday shopping and travel season, according to … Read more
Thousands of students will have part of their HECS/HELP debt waived due to an admin error. About 13,748 individuals were affected by delayed HECS loan records from 104 institutions. The Department of Education said it had been working with universities since the start of the year to “correct records for current and former higher education … Read more
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT — The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of unlawfully interfering … Read more
The average household is saving thousands of dollars each year on their power bills with rooftop solar and battery storage. Households can save between $822 and $1350 on their power bills if they have rooftop solar and this jumps to between $1322 and $2252 if households have an 8.5kWh battery, government analysis shows. An 8.5 … Read more
It’s beginning to look a lot like a hectic holiday travel season, but it might go relatively smoothly if the weather cooperates. Travel over Christmas and New Year’s tends to spread out over many days, so the peaks in the U.S. are likely to be lower than they were during the Thanksgiving holiday. That is … Read more
An Olive Garden restaurant in Fremont, California, on Sept. 14, 2023. Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains such as Olive Garden and LongHorn Steakhouse. Here’s what the company reported for its fiscal second quarter ending Nov. … Read more
A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023. Mario Tama | Getty Images Spirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier’s latest cost-cutting measure as it expects financial strains to continue next year. The airline has been facing weak off-peak demand … Read more
GPs will be given a greater financial incentive to bulk-bill vulnerable patients under changes to Medicare. The new financial rewards, which kick in from Wednesday, November 1, triple the incentives for the bulk billing of pensioners, concession card holders and children. The move was previously announced in the federal budget as a response to falling … Read more
