Category: News
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Big banks drop home loan rates
ANZ, NAB, CBA and Westpac have all dropped their home loan interest rates following the Reserve Bank’s official interest rate cut. The Reserve Bank of Australia cut the cash rate by 25 points to 1.75% on Tuesday, prompting the big banks to action. National Australia Bank was the first to cut its standard variable home…
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Upward of 200 million emails hacked
On Wednesday this week, a Wisconsin security firm called Hold Security reported they had obtained a cache of information from Russian hackers regarding emails and passwords. The firm originally uncovered the hacker bragging in online forums about the large amount of data he was going to sell, claiming to have over 1 billion email addresses…
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Malcolm Turnbull announces federal election
The past few years of Australian politics hasn’t been the most stable, with four leaders being in power in just a two year span. Following his election as Prime Minister last September, Turnbull hasn’t done much in terms of policy, largely as a result of the conflicts within government which don’t allow much moving space…
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Shorten’s take on the 2016 budget
Opposition leader Bill Shorten has recently provided a rebuttal against Turnbull’s proposed 2016 budget as announced this week. Shorten did not hold back in his criticisms of the current prime minister, claiming that the PM’s budget caters only to the top few or, as Shorten puts it, “Malcolm’s Millionares”. According to Shorten, this budget prioritises big…
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Cash Converters in Trouble in Queensland
Cash Converters has hit another bout of difficulty with a $17 million class action lawsuit being filed against them in Brisbane this week. This follows the previous lawsuit they faced last year in New South Wales, where they were ordered to play $23 million to over 35,700 customers. The company is accused of charging interest rates…
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How the Budget affects you
Announced Tuesday night, Scott Morrison and Malcolm Turnbull’s budget is on the tip of everyone’s tongue. The budget shows that Australia will continue in deficit over the next four years, yet also asserts that Australia is growing rapidly. If you’re not sure how the budget affects you or your business, here’s a breakdown of the impacts…
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WATCH: Obama ponders his next career move
US President Barack Obama has starred in a hilarious spoof video where he ponders what life will be like when he finishes up his second term of presidency. Although it’s hilarious, it does have some advice about the importance of taking some downtime. It doesn’t look like Obama’s will last long though – his professional…
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Aussie Dollar has biggest fall in five years
The Australian dollar has experienced a loss of 2.34% against the US dollar in a single day. This is the largest percentage loss in one day since September of 2011, almost half a decade ago. At 7am this morning, the Australian dollar was trading for US74.85c, its lowest level in seven weeks. The significant fall…
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WATCH: Waleed Aly hits the nail on the head about negative gearing
There’s no secret that the property prices in Sydney are exorbitant, and makes it almost impossible for new homeowners to break into the housing market. On The Project, Waleed Aly as per usual sums it up in a great 6 minute video. https://www.youtube.com/watch?v=cCF8P1jJOsc
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Superannuation not so super for women
A senate inquiry into Women’s Economic Security in Retirement has found that men on average retire with double the superannuation savings of women. With the gender pay gap at an all time high of 18.8%, it comes as no surprise that women’s futures are also threatened by gender bias. Research done by the Workplace Gender…