The Australian dream of owning your own home is being “crushed” by rising rents and over-inflated house prices, a new report finds. After reviewing more than 45,000 rental listings, Anglicare Australia’s rental affordability report has declared the market the worst it has ever been. “This is not hyperbole,” the report released on Tuesday said. Newsletters: … Read more
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its debt and get out of a number of costly and lengthy leases, but it’s also sought a buyer in recent months, people familiar … Read more
Critics of the State Government’s mandated pay hike for construction workers on two major projects are being “stupid” and “greedy”, the Premier says. The Government has mandated 25 per cent higher pay for construction workers on the Tonkin Highway extension and Thomas Road upgrade. FOLLOW US ON GOOGLE NEWS Read original article here Denial of … Read more
The EV revolution has hit a stumbling block. Sure, sales are technically rising, but they’re not rising anywhere near as quickly as projected. Automakers like Ford are losing big on each vehicle sold, with losses totaling in the billions — and now, The Verge reports that Ford is starting to wonder if maybe it should … Read more
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts’ estimates. American expects to earn between $1.15 and $1.45 per share in the second quarter, on an adjusted basis, largely above the $1.18 that analysts compiled by LSEG estimated on average. American reiterated its forecast to … Read more
Amy Hood, chief financial officer at Microsoft, speaks during a presentation on affordable housing in Bellevue, Washington, on Jan. 17, 2019. Chona Kasinger | Bloomberg | Getty Images Microsoft is increasing spending at a rate not seen since at least 2016. It still might not be enough. In its earnings report on Thursday, Microsoft said … Read more
CNBC’s Jim Cramer on Thursday said companies that perpetually generate “self-help” are poised to do well in this market. In other words, they find ways to grow and perform well despite what might be happening in the broader economy. He pointed specifically to Chipotle Mexican Grill, saying the restaurant chain can succeed even as the … Read more
Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone, according to people familiar with the matter. Paramount Global’s special committee, in charge of accepting or rejecting transactions, and David Ellison’s Skydance Media, backed by private equity firms KKR and RedBird … Read more
Intel CEO Pat Gelsinger, holding an Intel chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024. Mandel Ngan | AFP | Getty Images Intel reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, but came up light in … Read more
Former Edgewater police officer McKinzie Rees hopes to serve and protect again, but first she must get her name removed from a so-called “bad cops list” maintained by the Colorado Attorney General’s Office. It landed there, she said, as retaliation after she reported sexual assaults by a supervising sergeant. That sergeant went on to work … Read more
