Finance News Wrap

In this week's Weekly Finance News Wrap, Financial Services Online discusses significant challenges faced by Australia's economy, as per recent Treasury disclosures predicting government net debt reaching $1.2 trillion by the 2025-26 fiscal year, urging financial reforms for long-term economic sustainability. The Reserve Bank of Australia may implement a landmark change: banning card payment surch...

In this week's Financial Services Online podcast, Paige Estritori discusses key financial news in Australia. The Reserve Bank of Australia (RBA) has proposed a ban on card payment surcharges, which could save Australians billions and simplify payment operations, although it could also slightly increase inflation. The RBA has also decided to hold the interest rate steady at 3.85%, which is signific...

In this Weekly Financial News Wrap from Financial Services Online, we discuss the concerning trend of financial advisers opting not to practice despite passing the exam, with many analysts attributing this to structural and economic barriers. The industry might need to adopt streamlined licensing processes and enhanced mentorship schemes to attract new entrants. The Reserve Bank of Australia's dec...

In this week's Financial Services Online podcast, several key topics are covered. Paige Estritori discusses the concerning rise in individuals passing the financial advisor's exam without leveraging their qualifications, which may affect consumer access to advice and increase workloads for practicing advisors. The real estate market in Melbourne is highlighted as a prime opportunity for buyers due...

In this episode, Financial Services Online take a deep look into recent trends within the Australian finance sector. The episode discusses the concerning trend of financial advisors not utilizing their qualifications despite passing their exams, indicating possible economic and structural issues in the industry. Suggestions such as improved mentorship programs and streamlined licensing processes w...

This weeks Weekly Finance News Wrap, hosted by Paige Estritori, focuses on key developments impacting Australia's financial services. Discussed topics include the concerning trend of qualified individuals opting not to practice in the financial advisory sector, potentially affecting consumer access to advice. Melbourne's housing market, favoured by a stable interest rate and balanced supply and de...

In this episode of Weekly Finance News Wrap, Paige Estritori discusses the decline in practicing financial advisers despite increased qualification numbers, raising concerns of workload elevation and limited consumer access to advice. Solutions include better mentorship programs and an improved licensing system. A push for financial advisers to gain access to the Australian Taxation Office portal...

In this week's edition of the Finance News Wrap, host, Paige Estritori, discusses changes in Australia's financial planning and tax processes. Financial Planner James O' Reilly makes a case for financial advisers gaining access to the Australian Taxation Office portal. Despite concerns over costs and cybersecurity, such access could simplify EOFY procedures. The surprise cash rate of 3.85% by the...

This episode of Financial Services Online's Weekly Finance News Wrap with Paige Estritori analyzes key financial headlines, notably the Reserve Bank of Australia's (RBA) plans to cut interest rates amidst labor market challenges. Expected rate reductions during July and August are a response to high unemployment and underutilization rates, heavy immigration, and falling global commodity prices. Th...

This Week's Finance News Wrap by Paige Estritori discusses the anticipated 25 basis point cut by the Reserve Bank of Australia applicable to the cash rate, bringing it down to a near-record low of 3.6%. The expected reduction is based on favourable inflation figures and experts anticipate further cuts in August and November. Australian online retail sales amounted to about $63 billion in the past...

In the Weekly Finance News Wrap, the main topics included the impact of unsolicited solar sales on Australians and the Australian Competition & Consumer Commission's (ACCC) response, the rise in online retail sales, updates in minimum wage and superannuation contributions, and the fall of the US dollar. The ACCC is scrutinising laws around unsolicited sales following cases of deceptive sales pract...

In this week's Financial Services Online podcast, Paige Estritori discusses the negative impact of unsolicited solar sales on consumers, like Christine Hirchfield who experienced financial distress due to an incomplete and unsolicited solar panel installation. As a result, the Australian Competition and Consumer Commission is scrutinizing current laws governing unsolicited sales and facing pressur...

This weekly financial news update covers several key topics. The deceptive sales tactics in the solar industry are discussed, with actions being taken by consumer advocates and the Australian Competition and Consumer Commission (ACCC) to put an end to these threats on consumers, particularly the vulnerable ones. Continued growth in online sales in Australia is also discussed, showing an economic o...

In this week's Finance News Wrap, Paige Estritori discusses the steady growth in Australia's online retail industry, with a 0.7% increase in spending last month and a total of $63 billion spent over the past year. She also talks about the Reserve Bank of Australia's plans to cut rates as an effort to increase consumer confidence. Furthermore, Estritori covers the rise of Australia's minimum wage,...

In this week's episode of Financial Services Onlines Weekly Finance News, Paige Estritori discusses the major collapse of Brite Advisers and the deregistration of auditor David Makowa by the Australian Securities and Investments Commission (ASIC). The drastic action follows Makowa's admittance of auditing deficiencies related to Brite Advisers' financial statements from 2019-2022. The consequentia...

In this Weekly Finance News Wrap, Paige Estritori discusses a significant development in the financial auditing sector. The Australian Securities and Investments Commission (ASIC) has deregistered auditor David Makowa linked to the downfall of Brite Advisers. Makowa voluntarily surrendered his registration, admitting to auditing lapses in Brite Advisers' financial statements from 2019 to 2022, whi...

In the Weekly Finance News Wrap for July 1, 2025, by Financial Services Online, the significant deregistration of David Makowa, a notable auditor associated with the dramatic collapse of Brite Advisers, by the Australian Securities and Investments Commission (ASIC) is examined. Makowa admitted to substantial failures in auditing Brite Advisers' financial reports from 2019 to 2022, violating Austra...

This episode of "Weekly Finance News Wrap," hosted by Paige Estritori of Financial Services Online, delves into the fast-evolving scenarios in global financial markets triggered by the Israel-Iran conflict and potential US involvement. Highlighting the resulting market volatility, the increased oil prices, and the impacts on high-beta stocks, tech, emerging markets, and various currencies, the epi...

This week's episode of Financial Services Online podcast, hosted by Paige Estritori, delves into the potential financial impact of the U.S.'s increasing intervention in the Israel-Iran conflict. Experts predict that this geopolitical tension could lead to significant economic volatility, disruption of market stability, and affect investor confidence. The deVere Group notes a surge in oil prices, e...

In this edition of the Weekly Finance News Wrap, escalating geopolitical tension in the Middle East and its global ramifications, particularly on Australia, are in focus. Amid rising tension and potential U.S. involvement in the Israel-Iran conflict, there's global investor apprehension and a significant surge in oil prices, with further U.S. disruption likely leading to higher prices. This is pus...

In this edition of Weekly Finance News Wrap, we cover rising geopolitical tensions in the Middle East due to potential U.S. intervention in the Israel-Iran conflict and its implications on global finance. Key focus areas include high-beta stocks, evolving markets, and certain currencies. Unrest is likely to affect oil prices, interest rates, and investor behaviors. In domestic news, President Trum...

In this edition of the Weekly Finance News Wrap, Paige Estritori updates listeners on the current geopolitical climate and its impact on global financial markets. The ongoing Israel-Iran conflict involving the United States is causing global concern and market volatility, with an increase in oil prices and potential for soaring inflation. A drastic rise in oil prices could push US inflation near s...

This week's finance news discusses rising global tensions between the US, Israel, and Iran impacting financial markets and possibly leading to higher oil prices and potential interest rate fluctuations. The prospect of further US military involvement in Iran generates unease, potentially affecting sectors like high-beta stocks, tech, and emerging markets. Anticipation of an oil price surge could l...

On this episode of Weekly Finance News Wrap, Paige Estritori explores potential market volatility due to increasing tensions in the Middle East, and the possible impact of changes in U.S. leadership on monetary policy. The U.S.'s potential involvement in the Israel-Iran conflict has rattled global markets, sparking concerns of inflation due to rising oil prices. Rumours of President Trump contempl...

In this edition of Financial Services Online, we discuss several pressing topics in finance. Tensions brew in the U.S. as President Trump publicly expresses dissatisfaction with Federal Reserve Chair, Jerome Powell, over interest rate policies, which might shake domestic and global markets. In Australia, HELP debt rules have been updated by The Australian Prudential Regulation Authority, offering...