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NJ Transit Train Engineers Strike, Disrupting Travel to NYC

3 weeks ago | au.finance.yahoo.com | Sri Taylor

(Bloomberg) -- New Jersey Transit locomotive engineers started striking early Friday, triggering a shutdown of the agency’s rail service and disrupting travel for hundreds of thousands of commuters. Most Read from Bloomberg The walk-out of 450 engineers started at 4 a.m. New York time when workers took to picket lines at major hubs including New York’s Penn Station and outside NJ Transit’s headquarters in Newark.
ASX rises on US-China chip deal

3 weeks ago | au.finance.yahoo.com | Cameron Micallef

Australia’s market continues to eke out small gains. Photo: Gaye Gerard / NewsWire A rally in energy and mining stocks saw the ASX200 eke out a small gain during Wednesday’s trading, as the market’s ‘risk on’ sentiment continued. The benchmark ASX200 index closed up on Wednesday, gaining 10.60 points or 0.13 per cent to 8,279.60. The broader All Ordinaries also traded higher on Wednesday, gaining 9.50 points or 0.11 per cent to 8,520.20 and setting a new 50-day high.
ATO issues super warning for retirees over June 1 rule 'change'

3 weeks ago | au.finance.yahoo.com | Tamika Seeto

ATO deputy commissioner Emma Rosenzweig said she was aware of websites spreading false information about superannuation changes. · Source: ATO/Getty The Australian Taxation Office (ATO) has warned Aussies not to fall for false claims that superannuation preservation and withdrawal rules are changing on June 1. A number of online articles have circulated the change, which has been labelled “fake news”.
Grim update for mortgage holders

3 weeks ago | au.finance.yahoo.com | Cameron Micallef

Aussie workers’ wages are rising, albeit slightly. Picture: NewsWire / Andrew Henshaw Australians’ wages are on the rise for the first time in nearly a year, but it could have a negative impact for mortgage holders. Australian wage growth continued to play “catch-up” in the first quarter of 2025 after slumping to its lowest rate in almost two years last quarter.
Australia Post worker's hand-written sign sparks interest in new hiring blitz: 'Count me in'

3 weeks ago | au.finance.yahoo.com | Tamika Seeto

Australia Post is hiring parcel sorters with jobs on offer across the country. · Source: TikTok An Australia Post worker has sparked a frenzy of interest after revealing the postal service is looking to hire parcel sorters. Australia Post is kicking off the first phase of its recruitment drive and is looking to fill roles ahead of its busy peak period. An Australia Post spokesperson told Yahoo Finance that it was “continually seeking new team members to fill various roles across the business”.
Fresh push to increase minimum wage for Aussies 'particularly affected by cost-of-living pressures': 'Deserve it'

3 weeks ago | au.finance.yahoo.com | Stewart Perrie

The country's lowest-paid workers are set for a bump in their wages, but how much it'll be is yet to be known. (Source: Getty/Facebook) The new-look Labor government has confirmed increases in the minimum wage and some award wages are two of its top priorities. Before the election, Anthony Albanese's party made a submission to the Fair Work Commission (FWC) for an above-inflation boost for roughly 2.9 million workers.
NFT phenom CryptoPunks was just sold to a nonprofit

3 weeks ago | au.finance.yahoo.com | Dominic Madori Davis

Yuga Labs, known as the creator of Bored Ape Yacht Club and other notable NFTs, sold its iconic CryptoPunks to the nonprofit NODE Foundation, which focuses on preserving digital art. The deal details are undisclosed, and a representative declined to comment. Back in April, NODE announced it received a $25 million grant to “build the future of digital art” from investor Micky Malka and Becky Kleiner. The former is chair of the foundation.
Inflation would be licked, if not for the Trump tariffs

3 weeks ago | au.finance.yahoo.com | Rick Newman

President Trump could be basking in a huge W. While campaigning last year, he promised to bring prices down rapidly. He could now claim that he’s done it. Inflation fell to 2.3% in April, which is basically in the normal range. Most prices have stabilized. Some are declining. The inflation shock that began in 2021 is over. But another inflation shock may be coming, thanks to Trump himself. While Trump has dialed back his most aggressive tariffs on imports, substantial tariffs still remain in place.
UK wage growth cools ahead of national insurance hike for businesses

3 weeks ago | au.finance.yahoo.com | Indrabati Lahiri

UK wage growth slowed down in the three months to March 2025, as businesses braced for national insurance increases which came into effect at the beginning of April. Regular pay excluding bonuses in the UK grew by 5.6% on an annual basis to £671 (€798.3) a week in the three months to March 2025, according to the Office for National Statistics (ONS). This was below the 5.9% seen in the previous period, while being less than analyst estimates of 5.7% as well.
Warning for taxpayers

3 weeks ago | au.finance.yahoo.com | Cameron Micallef

SYDNEY, AUSTRALIA - NewsWire Photos MARCH 9th, 2023: TIK TOK Generic Pics. Push for TikTok to be banned - Calls to ban the viral video app are gaining steam after the FBI raised the alarm that the Chinese government could access user data. Picture: NCA NewsWire / Tim Pascoe Taxpayers are being warned just because someone has a large following, it doesn’t make them a tax expert, with TikTok “Finfluencers” and AI being called out ahead of the end of financial year.