Qantas CEO pay revealed | RBA signals end of rate cuts?
ARIA is changing the way it calculates its official music charts to allow local artists a chance to break through; Qantas CEO Vanessa Hudson takes a 15% cut to her bonus but still took home $6.3m last financial year; economists at ANZ say while a November rate cut is likely, the latest GDP data increases the chance of there being no rate cut, or indeed at all from here.
00:00 ANZ warns the Reserve Bank may have already ended its interest rate cutting cycle
01:19 The Australian sharemarket rose ahead of tonight’s US jobs data
01:46 Qantas shares rise after its annual report showed executive bonus cuts
02:40 Donald Trump signs an executive order implementing a trade deal with Japan
03:21 Woolworths and Coles say they’re reviewing a ‘complex’ Federal Court judgment handed down today in cases relating to the alleged underpayment of staff.
04:05 Fewer people are now working multiple jobs, in what may be a sign of easing cost of living pressures.
04:36 A change on the nation’s official music charts is hoped to promote new Australian diverse artists and the local music economy.
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
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