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Australian households brace for energy price hike on July 1

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Many people already feeling the crunch of rising living costs are set to be hit once again come the new financial year

 
While inflation has finally begun cooling in Australia, it’s been a tough few months for many people.

Especially when the cure for it can bite just as bad as the disease in the short term.

The Reserve Bank of Australia frustrated many when it increased interest rates to 4.1 per cent in June – a level not seen since early 2012.

As if it wasn’t hard enough already, energy prices are set to rise in the new financial year.

Over a quarter of Australian adults say their savings are going backwards, and half aren’t able to save as much as they usually could as they are dipping into their savings to cover everyday costs.

That’s according to a new survey of 3,000 people conducted by Compare the Market.

Compare the Market’s General Manager of Money, Stephen Zeller, said the report held a mirror to a nation dealing with surging inflationary pressures and cash rate rises.

“There has been unprecedented financial change in the last 12 months and unfortunately the turmoil doesn’t look likely to end anytime soon,” Mr Zeller said.

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U.S. terror alert “when, not if”

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The FBI director has made a major announcement about the terror threat in the United States right now. So why is he so worried?

 
In a major announcement, the director of the FBI revealed that the United States is currently facing its most heightened terror threat level since October 7.

The nation’s security apparatus is on high alert, with officials reporting a surge in intelligence indicating potential terror plots. #ticker today #featured

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Desperate Zelensky cancels Congress video call

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President Volodymyr Zelensky unexpectedly canceled a videolink appearance to appeal for continued US funding.

 
Ukraine is sounding the alarm, expressing a “big risk” of losing the ongoing conflict if the United States Congress delays crucial aid.

As tensions continue to escalate on the eastern front with Russian-backed separatists, Ukraine has been relying on international support to sustain its fight for sovereignty. #featured

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Will the travel boom continue in 2024?

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Several big events are scheduled in 2024 and travelers say they’re planning to attend.

 
Following the pandemic—pent-up demand to travel exploded.

But, after years of inflation and rising tourism costs—are travelers curtailing plans for 2024 or revving them up?

Casey Hatfield-Chiotti, a Travel Editor, Marin Living Magazine joins Veronica Dudo to discuss. #IN AMERICA TODAY #travel #traveltrends #2024travel #tourism #luxurytravel #hospitalityindustry #MarinLiving #ParisOlympics #solareclipse #featured

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