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The Latest Breaking News from CBA

Australia’s jobless rate is only 3.4% – so what’s holding wage growth back?

That the tight labour market isn’t leading to real earnings rises is proof of a ‘deep structural weakness’, says one economist

The Guardian - AU

Consumer confidence takes a dive as rising interest rates and high inflation weigh on sentiment

The Westpac consumer sentiment index fell for a ninth consecutive month as interest rates, falling housing prices and high inflation woes mount.

The New Daily

Midwinter is coming … Fitz v Price … Dutton enjoys his lunch

The opposition leader joins a long list of politicans who have seemingly never encountered food before.

Crikey

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CBA predicts $3 trillion cost for net zero

The Commonwealth Bank plans to target the most emissions-intensive sectors first and set interim targets over the next 12 months.

AAP

CBA profit jumps to nearly $10 billion

Australia's biggest lender has lifted its annual profit by 11 per cent and declared a final dividend of $2.10 a share.

AAP

Business confidence rises with strong profits, but consumers are getting more pessimistic

Business confidence has risen, but consumer confidence is still deteriorating and economists warn it could be a sign of things to come.

ABC News

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

ABC News

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Earnings season to show inflation impact

Major ASX-listed companies will paint a picture of how they are weathering inflation and other economic conditions as earnings reporting season picks up.

Crikey

Mike McDaniel explains the release of DT Adam Butler

He played a career-high 53% of snaps in 2021.

USA Today Sports Media Group

Three of the big four banks raise variable home loan interest rates by half a point to match RBA rise

Increase puts the banks’ variable interest rates at highest in three years with Westpac and NAB yet to respond to official cash rate hike

The Guardian - AU

CBA, ANZ, Westpac and NAB lift interest rates after two days of 'radio silence'

After two days of silence, Commonwealth Bank was the first of the "big four" banks to lift interest rates on its variable mortgages by 0.5 percentage points — in an uncharacteristically slow response to the Reserve Bank's rate hike on Tuesday.

ABC News

Criminal courts face further disruption as barristers strike for fifth week

The Criminal Bar Association action is part of a dispute over conditions and Government-set fees for legal aid advocacy work.

The Independent UK

Auction clearance rates tumble as rising interest rates sap Australian homebuyers’ appetite

CoreLogic data for June quarter highlights ‘tougher seller conditions’ with house prices in Sydney and Melbourne roughly in line with a year ago

The Guardian - AU

Revealed: how ANZ plans to shaft its own shareholders

ANZ seemed to have done everything right by its 550,000 small shareholders, but now it plans unprecedented cash hoarding.

Crikey

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Crikey

ANZ’s shabby deal and dodgy reasoning need the press gang treatment, not cheers

ANZ’s attempt to buy Suncorp needs far more scepticism and scrutiny than it’s receiving from the business media.

Crikey

Queensland ALP has a conflict of interest in Suncorp. Jim Chalmers should declare it

The federal treasurer has an obligation to disclose how Labor will deal with its multimillion-dollar stake in Suncorp. Transparency is crucial.

Manchester Evening News

Barristers launch full week of strike action as they claim justice system is 'failing the public'

They picketed courts in Manchester as a fourth week of industrial action begins

The Independent UK

Criminal courts face further disruption as barristers strike for fourth week

Lawyers gathered at Birmingham, Manchester and Winchester Crown Courts to back the escalating action in a dispute over conditions and legal aid fees.

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Evening Standard

Criminal barristers warn of ‘national emergency’ as they head to Parliament in legal aid dispute

The criminal justice system is in the grip of a “national emergency” with politicians accused of playing Russian Roulette with its future, barrister told Parliament as their strike enters its fourth week.

The Guardian - UK

Barristers in England and Wales stage first five-day strike over legal aid funding

Members of Criminal Bar Association take fight for a 25% rise in legal aid fees to parliament

The Independent UK

Court security staff vote for strike action as barristers’ walk-out continues

At least 1,700 cases have already been disrupted by barristers’ strikes

ABC News

Interest rate rises push household finances towards pandemic lows, confidence plunges

Australians are still spending record amounts of money, but surveys show that could change quickly as interest rate rises send consumer confidence towards pandemic lows.

Manchester Evening News

Barristers slam 'crumbling' justice system as lawyers strike for third week

The walkout over pay and legal aid funding has ground many of Manchester's courts to a halt

The Independent UK

Criminal courts face further disruption as barristers strike for third week

The Criminal Bar Association is taking action in a dispute over conditions and Government set fees for legal aid advocacy work.

Los Angeles Times

Why haven’t MLB and players agreed on an international draft? Money, mistrust and more.

LOS ANGELES — In two weeks, Dodger Stadium, after 42 years, will finally host the MLB All-Star Game again. Stars will descend. Celebrities will surface. Major League Baseball will cash checks.

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