Money & Work
Money & Work on InSnip: the economy, cost of living, jobs, tax and business. Source-backed Australian news snippets you read in under a minute.
Today in Money & Work 1 Two-thirds of Australians expect Christmas to cost $200 or more PerthNow, 7h ago 2 David Jones closes seven NSW stores as department giant enters administration The Age, 8h ago 3 IRT to open Woonona aged care to public with restaurant in heritage church Illawarra Mercury, 9h ago
Two-thirds of Australians expect Christmas to cost $200 or more
An IGA survey found almost two in three Australians expect Christmas to cost over $200, with three-quarters changing how they celebrate.
David Jones closes seven NSW stores as department giant enters administration
The collapsed department store is shutting seven NSW locations including Parramatta and Macquarie Centre, axing about half its workforce.
IRT to open Woonona aged care to public with restaurant in heritage church
IRT is building 93 homes and converting a heritage church into a public restaurant at Woonona, creating an integrated community.
Red Dot recalls children's hoodie over hidden fire hazard label
Red Dot recalls Kids Cuddle Hoodie after the ACCC found the fire hazard label sewn in the seam instead of the neck.
Bitcoin falls to four-month low as Fed rate hikes loom
Bitcoin dropped to $68,099, down 10.2% for the week, as rate hike odds surged.
Big four banks lift home loan rates after RBA hike
CBA, Westpac, NAB and ANZ have all raised variable home loan rates following the RBA's latest 0.25 percentage point increase.
WA's biggest blueberry farm deploys driverless tractors and robot harvesters
Western Australia's largest blueberry grower uses driverless tractors and robot harvesters. The farm still employs over 200 fruit pickers.
Gundagai Lamb wins NSW's top export award after six years globally
A Gundagai family business has won NSW Exporter of the Year after just six years.
Small business price rises likely as surcharge ban bites
Only 12 per cent of small businesses raised prices three weeks after the October card surcharge ban, but more are expected soon.
BYD Atto 1 becomes cheapest car to own and run
The BYD Atto 1 electric hatch costs $751 per month to own and run. It can save drivers as much as $1000 a year versus the cheapest petrol model.
Trump gets to decide on lamb tariffs after US trade panel ties
A deadlocked US trade panel will let Trump choose whether to impose tariffs on Australian lamb imports.
NSW farmers gamble on planting amid drought and rising costs
Winter crop production nationwide is down a third. But some NSW farmers risked planting despite dry starts. They are seeing returns.
David Jones enters administration amid retail sector contraction
Retail business exits jumped 41.3% year-on-year in Q3 as smaller retailers face mounting debt.
Developer unveils more than 100 homes for Canberra's heritage Forestry site
First stage of Forestry Place development proposes 97 apartments and townhouses. They will be built on the 10.9 hectare former CSIRO Forestry Precinct in Yarralumla.
Tribunal orders modular builder to pay for sub-zero home failures
An ACT tribunal awarded $17,754 compensation after a modular home failed to maintain warmth in -8°C temperatures.
Lead generators pocket 80 to 100 per cent of super advice fees, ASIC finds
Financial salespeople are paid to steer retirees to advisers. They collect massive upfront fees. Meanwhile, $678 million of super gets moved around.
Skip buy-now-pay-later this Christmas; use lay-by instead, or ask for hardship
Buy-now-pay-later and wage advances are costly debt spiral traps; free counselling and hardship schemes offer real relief.
Cadbury chocolate coated almond jars shrink to 250 grams
Chocolate-coated almond jars drop from 280g to 250g for $13, the latest in a decade of shrinkflation.
CBA refunds only $93m of $270m overcharged to Centrelink recipients
Commonwealth Bank charged Centrelink recipients $270 million in excessive fees but only refunded $93 million.
Evergreen project yields exceptional 16-metre polymetallic strike
Evergreen drilling returned a standout 16-metre hit with 2.3g gold, 70g silver, 1.4% copper and 12.2% lead-zinc from shallow depths.
Far Northern strikes high-grade gold near Darwin in shallow hole
Far Northern Resources found high-grade gold just 16 metres below surface at Bridge Creek, 125km south-southeast of Darwin.
NAB boss attacks payroll tax and government spending as economy slows
NAB's Andrew Irvine told a parliamentary hearing that state payroll taxes and high government spending are damaging Australia's economy.
Sheep prices smash record at Naracoorte, hitting $650 a head
First-cross ewes at Naracoorte sold for a record $650 each, breaking the $641 record set at Corowa only last month.
Business software filters customer reviews to hide negative ones
Phorest and Fresha let businesses selectively show only positive reviews to the public.
David Jones shuts 19 stores as mortgage stress hits outer suburbs
David Jones will close 19 stores across Australia and New Zealand, with most in outer suburbs experiencing severe mortgage stress.
Q-CTRL becomes Australia's first quantum unicorn with $425 million raise
Q-CTRL raised AU$425 million in Series C funding. It became Australia's first quantum computing unicorn.
Jensen Huang's exit reveals Nvidia's governance vacuum
Nvidia's board lacked a chief compliance officer, clear succession plan and proper oversight when CEO Huang resigned.
Mount Isa's $145m critical minerals hub wins state and federal backing
Mount Isa plans a $145 million critical minerals research hub. The government will fund a feasibility study for it.
Refilled raises Series A funding to scale water dispenser business globally
Refilled makes chilled, filtered office water dispensers. This Sydney startup raised Series A funding to expand internationally.
Warrnambool auctions test market as investor home loans fall 38%
Investor housing loans dropped 38% to September 2026 as new reserve-price legislation reshapes auctions.
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