David Jones closures | Home loans crumble | Anthropic prospectus
David Jones is to close down 19 stores across Australia and New Zealand by the year’s end; there’s been a record fall in the value of new home loans according to the ABS; and Anthropic lodges its Australia prospectus ahead of a planned listing.
00:00 More than half of David Jones’ stores around the country will close, as its receivers continue to work on a rescue plan for the retailer
01:32 A sharp slowdown in home lending suggests more than just interest rates are weighing on the housing market
02:37 CBA has reported a lift in profit, but a growing number of borrowers are falling behind on their home loans
03:07 ASIC is warning savers to pay closer attention to interest rates, as it accuses Macquarie of misleading customers
04:04 The ASX has edged higher, with tech stocks leading the gains and M&A activity boosting investor sentiment
04:25 The Aussie dollar is under pressure, falling against most major currencies as investors brace for a possible US rate rise
05:11 Anthropic is courting Australian retail investors as it prepares for a potentially record-breaking Nasdaq debut
06:29 Business leaders are growing increasingly pessimistic about the economic outlook, with confidence at its lowest level since 2020
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#DavidJones #HomeLoans #Anthropic #AustralianEconomy #HousingMarket #financenews
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