Advertised rents in Australia’s capital cities have dropped, in the largest monthly percentage decline recorded since 2020. A fall of 0.5 per cent was recorded in May, according to a new report by SQM Research. This was “driven by falls in Sydney and an unchanged reading out of Melbourne”, the report said. Know the news … Read more
Modern air travel is often terrible. Cramped seats, tiny luggage compartments — the list goes on. Yet, most of us in those cramped seats actually have it far better than the folks strolling the aisles, who — at least on American Airlines flights — earn barely over $27,000 per year while forced to live in … Read more
Executives at some of Australia’s largest companies have received double-digit pay rises as their workers face rising cost-of-living pressures. A report on board and executive pay among ASX-listed companies, released on Tuesday by the Governance Institute of Australia, found the salaries of chief executives rose by 14 per cent in the past financial year while … Read more
Image: Blue Bird Most electric vehicle manufacturers have seen their stock prices decline across the first half of 2024, but one comparatively tiny company that builds comparatively massive EVs, Blue Bird, the school bus company, is outperforming expectations. Thanks to a $5 billion government incentive program, the company has a 500-unit backlog, and shifted 210 … Read more
Small business owners in South Australia say they will struggle to keep afloat without assistance from the state government. Simone Douglas owns four businesses in South Australia, including The Duke of Brunswick Hotel in Adelaide and The Port Admiral Hotel in the city’s west, but she was recently forced to sell one. Douglas’s accountant told … Read more
The new 7NEWS app keeps users across the latest developments, both locally within Australia and across the globe. From breaking stories to in-depth coverage across a spectrum of topics including sports, lifestyle, entertainment, finance, politics and business, the app serves as a one-stop destination for news. One of the app’s standout features is the customisation … Read more
Major retailer Johnny’s Furniture has gone into administration due to a “significant decline in revenue”. The company had 15 stores in Australia at the height of its more 10-plus years in operation. That has been reduced to eight — four stores in Queensland, three in New South Wales and one in Victoria. Company directors are … Read more
If you’ve needed to buy a car sometime in the last four years, you understand how rough it’s been out there. Dealers were only stocking the highest trim levels and still adding markup, used car prices were through the roof and availability was limited. Things have been getting better recently, though, with used prices dropping, … Read more
Image: Patrick Pleul (AP) Gone are the times when Tesla sold every car it could build fresh out of the factory. We’re now at the point where the company has actually made too many vehicles. The automaker is obviously aware of this, slashing prices on popular models like the Model Y as inventory piles up. … Read more
Gill did not face charges then, but this time could be different. The securities regulator for the state of Massachusetts has confirmed it is looking into Gill’s recent conduct, without providing specifics. It would appear that Gill is aware of the risk of provoking an SEC investigation. On May 16 he posted a clip of … Read more
