Dealmaker John Wylie was sure Point of Law could win the Melbourne Cup. With a bit of help from King Charles and Australia’s new king of the turf, it did just that.

#wylie #king #melbourne

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Melbourne Cup’s socialites go all-in on Point of Law

Australia & Pacific

1w ago

Melbourne Cup’s socialites go all-in on Point of Law

In a rarity for the Birdcage’s celebrity set, many of Tuesday’s attendees were actually interested in the horse racing.

#law #melbourne #birdcage

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‘Feels like a recession’ says Bullock as interest rates hit 4.85pc

Business & Economy

1w ago

‘Feels like a recession’ says Bullock as interest rates hit 4.85pc

The Reserve Bank has raised rates for the fifth time this year, taking mortgage repayments to near-record levels and adding pressure on Treasurer Jim Chalmers to cut government spending.

#rba #interest-rates #bullock

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RBA raises cash rate to 4.85pc in split board decision

Technology

1w ago

RBA raises cash rate to 4.85pc in split board decision

The fifth rate rise this year takes mortgage repayments to near-record levels and adds pressure on Treasurer Jim Chalmers to cut government spending.

#rba #treasurer #inflation

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Sydney house prices to drop 16pc in ‘largest downturn on record’: CBA

Property & Real Estate

1w ago

Sydney house prices to drop 16pc in ‘largest downturn on record’: CBA

Successive rates hikes combined with Labor’s property tax changes have triggered what the CBA expects to be the biggest housing correction on record.

#cba

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Canva revenue stuck in mud, confidential data shows; job cuts loom

Business & Economy

1w ago

Canva revenue stuck in mud, confidential data shows; job cuts loom

The company had a “2026 foundation goal” of hitting $US5.2 billion in annualised revenue excluding tax. It’s just not happening.

#canva

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The investing mistake 45pc of Australians regret making

Business & Economy

1w ago

The investing mistake 45pc of Australians regret making

There are positive signs that investors can look through periods of market volatility and buy the dips.

#australia

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Jon Adgemis memory lapse as liquidators examine $1.8b pub collapse

Education & Youth

1w ago

Jon Adgemis memory lapse as liquidators examine $1.8b pub collapse

Jon Adgemis repeatedly said he couldn’t remember to multiple questions from liquidators about his failed pub empire, in the first of a two-day hearing.

#jon-adgemis

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Technology

1w ago

Blaise Joseph

It should never have required hindsight to recognise the problems with putting screens in front of children for much of the school day.

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