News / Economy
A serious sugar rush
New data shows Aussies are paying over 10% more for the sweet treats than we did last Valentine’s Day, due to an international cocoa shortage. Prices for the raw product skyrocketed by 144% over the last 12 months, and there’s no end in sight as it “continually reaches new records” leaving the global industry – and us – in a “big panic”.
AGL’s profits are cooking with gas
Energy giant AGL has posted a better-than-expected underlying net profit of $399 million for the first half of the financial year, prompting it to upgrade its annual forecast. It’s notable because it’s quadruple the profit recorded 12 months earlier – $89 million – and is 28% higher than market estimates.
Inflation and taxes, oh my
Surprising no one, the Reserve Bank kept its official cash rate on hold at 4.35% yesterday. What was new was RBA Governor Michele Bullock giving a press conference after the announcement, in which she wouldn’t be drawn on the possibility of an impending rate cut.
The kids are alright…
There’s a lot to be said about Gen Z trends, but the latest one is coming in handy as young people battle the cost of living crisis… More financially-literate TikTok users are asking others to figure out whether they’re “loud budgeting” or “doom spending”.
Another brick in the home price wall
Aussies are still desperate to get into the housing market – despite prices still climbing as we kick off 2024. The latest data from CoreLogic shows January delivered the 12th straight month of rising rents (+0.8%) and house prices (+0.4%).
A French thriller, how to spot a fake, and a rice dish to suit all weather…
Push, jump or fall is the central question in French courtroom thriller Anatomy of a Fall after a husband/father is found in the snow outside his alpine chalet.Entertain me
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