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The Latest Breaking News from CBA

'Goldilocks' data proves just right to boost shares

The ASX200 finished up 0.7 per cent, with Commonwealth Bank shares trading above $125 for the first time, following "Goldilocks" economic data from the US.

AAP

Lending to property investors jumps amid rising rents

A pick up in investor lending and housing-related loans more generally comes even as interest rates stay elevated and cuts remain in the distant future.

AAP

Court backlog target in England and Wales no longer achievable, says NAO

Watchdog says outstanding caseload has increased from 60,000 to 67,573 since MoJ set target of 53,000 in 2021

The Guardian - UK

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Retail, banking sell-off ends ASX 5-day winning streak

The ASX200 fell 1.1 per cent, with the consumer discretionary sector suffering its worst loss in 16 months on several trading updates.

AAP

CBA's quarterly profit down while delinquencies tick up

Commonwealth Bank's quarterly profit was down while the percentage of its customers in arrears grew slightly in the March quarter.

AAP

Police begin trawl through crime and terrorism reports after faulty mobile phone data used in police evidence

Police forces have begun trawling through crime and counter-terrorism intelligence reports after faulty mobile phone data is believed to have been submitted as evidence in criminal cases for over a year.

Evening Standard

Australians’ spending softened in March after Taylor Swift concert splurge

The economy is limping into 2024 after per capita activity shrank for the final three-quarters of last year

The Guardian - AU

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Business wants pay rises for Australia’s lowest paid workers limited to 2% – but what about executives?

Average pay of top bosses has increased from 17 times average earnings in early 90s to about 55 times now. What about those on minimum wage?

The Guardian - AU

Seattle aims to enact new police CBA three years after expiration date

The Seattle City Council in Washington in January 2024 announced its intent to vote on a new collective bargaining agreement (CBA) for the Seattle Police Officers Guild (SPOG) this year. The SPOG’s current CBA expired in 2020.

Ballotpedia

Bargaining in Blue: Seattle aims to enact new CBA three years after expiration date

Bargaining in Blue, a monthly newsletter from Ballotpedia, provides news and information on police collective bargaining agreements (CBAs), including the latest news, policy debates, and insights from Ballotpedia’s analysis of police CBAs in all 50 states and the top 100 cities by population.

Ballotpedia

MLS reaches agreement with referees to end month-long lockout

Officials will return to games this weekend after reaching an agreement on a new CBA that will run through the 2030 season

The Guardian - US

Reserve Bank tipped to hold interest rate but economists split on when cuts will start

Pundits and investors expect the RBA to leave its cash rate unchanged at 4.35% when the board meets on Tuesday

The Guardian - AU

Rishi Sunak's former pollster Will Dry says the PM is almost certainly doomed

Will Dry described his old boss as decent and hardworking at a panel event

Evening Standard

Aussie shares up as traders shrug off inflation report

The ASX has closed 0.2 per cent higher, climbing for a second day despite a consumer price index report showing inflation creeping up in the US.

AAP

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AAP

CBA restores service, apologises after overnight outage

Commonwealth Bank has apologised after an outage overnight locked customers out from their accounts.

The Guardian - AU

Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say

Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut

AAP

Bankwest branches to close in WA

Bankwest is set to close all 60 of its branches across Western Australia by October.

The Guardian - UK

Years of delays to rape trials a ‘significant injustice’, says judge

More than 180 alleged rape victims have faced more than two years of delays since case first went to court

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Latin Times

MLS Prepared for Lockout Amid Referee Strike, Says Commissioner Don Garber

This is the second time in the last 10 years that PRO, funded by MLS, has locked out the PSRA referees during CBA negotiations.

AAP

Call for action on gender equity as pay gaps exposed

Australian employers are under pressure to close their gender pay gaps and could face hurdles getting contracts with government if they don't change.

Ballotpedia

Bargaining in Blue: New Tacoma CBA prohibits law enforcement officers from receiving compensation during certain misconduct investigations

USA Today Sports Media Group

Rockets pay respects to late Robert Reid, who passed away Monday

Robert Reid, who played a key role on Houston’s first two NBA Finals teams in 1981 and 1986, passed away at 68 years old after a battle with cancer.

USA Today Sports Media Group

Will Jaylen Brown be a casualty of the Boston Celtics’ future cap crunch?

At least some prominent NBA analysts have begun exploring the idea, and rival executives with them.

The Guardian - AU

Australia’s economy likely to slow until stage-three tax cuts, lower interest rates and easing inflation kick in, CBA says

Spending tipped to moderate until households start getting some relief in the middle of the year, CommBank chief economist says

AAP

Commonwealth Bank reports $5.02 billion H1 profit

Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, but has raised its dividend.

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