Money
What is the Australian bank’s pledge this International Women’s Day?
This International Women’s Day, the Australian Banking Association has reaffirmed the sector’s unwavering commitment to protecting women’s financial safety and security.
The Australian Banking Association has made a resolute commitment to prioritise women’s financial safety and security.
Alarming statistics reveal that one in six women in Australia will experience financial abuse in their lifetime, prompting the banking sector to address this issue as part of the 2024 IWD theme, “Count Her In.”
Financial abuse
The types of financial abuse that women can face include
- controlling someone’s spending
- stealing, taking, or ‘borrowing’ a person’s money, debit or credit cards, possessions or property without their knowledge or consent
- limiting or denying a person access to their money or bank statements
- forging someone’s signature, forcing them to sign a document or misleading them about the contents of the documents they are signing
- pressuring another person to act as a co-borrower or guarantor for a loan/joint loan when they do not wish to do so.
- making a person pay for another person’s expenses (e.g., where they share a home with another person and do not contribute to bills, maintenance, and other expenses despite being asked to do so).
Bank’s action
“The banking industry recognises that financial abuse is a form of coercive control and can keep women locked-in violent and dangerous relationships,” said ABA CEO Anna Bligh.”
“Banks have taken action to stamp-out financial abuse, including training staff to spot red flags and referring customers to specialised support.
“Banks are also making it abundantly clear in their products that financial abuse won’t be tolerated and could lead to account suspensions or closures.”
Thirteen Australian banks have now adopted new terms and conditions, explicitly stating that financial abuse is unacceptable customer behavior.
This initiative is designed to combat disrespectful and controlling behaviour.
More information on financial abuse prevention can be found here.
US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
Money
Wall Street slides as AI spending raises investor concerns
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.
Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.
Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.
We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.
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Money
Tesla brand value plummets amid Elon Musk’s political focus
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.
In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.
#TeslaNews #ElonMusk #BrandValue
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