RBA Poised for Back-to-Back Rate Cuts as Tariffs Darken Outlook
Most economists polled by Bloomberg as well as financial traders expect the Reserve Bank will lower the cash rate by 25 basis points to 3.6% on Tuesday, bringing its cumulative easing in the current cycle to 75 basis points. Governor Michele Bullock is likely to face questioning about how much further borrowing costs will fall at her media conference at 3:30 p.m. in Sydney.
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Yahoo
an hour ago
- Yahoo
Luai could become free agent as Tigers captain makes call on release clause
Wests Tigers co-captain Jarome Luai has revealed when he'll make a call on the release clause in his contract, which gives the five-eighth the ability to leave the club at the end of next year. Luai signed a five-year deal worth $6 million, to move from the Penrith Panthers to the Tigers in 2025. Although it later emerged the four-time premiership winner had a clause in his contract that could see him leave at the end if 2026. On Monday, reported that Luai has until April 30 next year to make a call on his playing career at the Tigers, and he told the publication he will make the decision at the end of the season. But if he doesn't decide before November 1, he'll actually become a free agent and can negotiate with rival clubs. Despite Luai's insistence he wants to help rebuild the Tigers under Benji Marshall, question marks remain over whether he will stay if they can't get results. Coach Marshall is facing plenty of pressure to improve their position having stopped their poor run of form on the weekend with a win over the Roosters in round 18. However, uncertainty remains around Luai's future with the possibility the playmaker could become a free agent at the end of next year. This would see him attract lucrative offers from other clubs if he deems his future is elsewhere. And even though Luai has held off any formal decision on his contract, Wests Tigers CEO Shane Richardson isn't worried about the playmaker. Speaking on NRL 360 on Monday night, Richardson said Luai has shown he wants to be a part of the rebuild at the club. 'He's got a clause next year that if he chooses he can pull out the following year, but he's shown no signs to me (that will be the case). He was there yesterday," Richardson said of Luai supporting his teammates against the Roosters. "He's shown no signs to me about not being the leader we always thought he would be He's been outstanding for us ... and I think he'll be here for the long-term.' While Richardson said the club could try and fast-track the decision with Luai before next year, the CEO said Luai is there for the rebuild. 'I probably could (discuss removing the clauses). I get on well with his manager ... but one thing you've got to remember is you're building a club,' Richardson said. 'Our club was reviewed as 'no-one would want to go there'. We were rubbish and everything else. What you've got to do is build a club where people want to be. Lachie (Galvin) didn't want to be there, that's fine. "If Jarome didn't want to be there because we weren't creating the club we wanted then that's what it is. But I think we're creating a club internally and a club generally that players will want to be at." RELATED: Queensland Origin star spills secret about Johnathan Thurston Reece Walsh preparing for position switch after Cameron Munster news Luai has endured a rollercoaster of a year at the club since his arrival. Having joined as co-captain, Luai has been forced to deal with the Lachlan Galvin saga in his first few months having been dragged into the situation after a controversial social media post about the situation. After starting the season with a 5-4 record and hovering in the top eight, the Tigers lost six games in a row. They bounced back on the weekend with a shock win over a depleted Roosters side, but Luai was not involved having missed the game due to State of Origin selection. Luai will be expected to return at halfback in their game against the Warriors this weekend with the Tigers sitting in 14th. While the Tigers lost Galvin to the Bulldogs and Talyn Da Silva to the Eels already this season, Latu Fainu has shown signs of improvement in his last three games in the halves.
Yahoo
an hour ago
- Yahoo
Aldi price warning as supermarket finally offers online delivery: 'Don't assume'
Aldi is heating up its fight against Coles and Woolworths by announcing it will offer online grocery delivery through a partnership with DoorDash. The German supermarket chain has launched the trial in Canberra today and plans to roll out the service across the country in the coming months. More than 1,800 products, including fresh fruit and vegetables, meat, seafood, dairy, bread and household essentials, will be available for delivery. Aldi has confirmed there will be 'some price variances' for customers shopping via the app compared to in-store, plus DoorDash will apply delivery and service fees. Finder money expert Angus Kidman told Yahoo Finance it made sense for Aldi to partner with a third-party delivery service such as DoorDash, given it has long said it would not be expanding into online shopping itself as it would undercut its position as the cheapest supermarket. RELATED Aldi wins supermarket price war as Coles, Woolworths, IGA left in the dust Commonwealth Bank, Westpac reveal major payment change for millions of customers CBA, NAB, ANZ reveal $200,000 move borrowers making after RBA interest rate cuts 'It doesn't want the full-blown overheads involved with setting up broad-scale delivery as Coles or Woolworths have,' Kidman said. 'Using DoorDash means no additional labour costs, while still letting it compete with the big two for customers who do want a delivery option. As well, Aldi has had a partnership with DoorDash in the US since 2023.' Aldi Australia chief commercial officer Jordan Lack said Aldi's mission has been to deliver 'high quality groceries at the lowest prices for Australian households' since it entered the Australian market back in 2001. 'Through our partnership with DoorDash, we can now literally deliver on this mission directly to Aussies' doorsteps in an exciting new way that we know our customers have been seeking,' Lack has consistently been named the cheapest supermarket by CHOICE's government-funded supermarket price survey. For the March report, a basket of items cost $55.35 at Aldi, $58.92 at Woolworths, $59.22 at Coles and $69.74 at IGA, excluding specials. The average household has reported spending $233 per week on groceries in June, according to Finder, which was up 27 per cent from $184 per week in June last year. Aldi products on DoorDash will cost more than those in-store and be subject to service and delivery fees, but the supermarket claimed its base pricing meant it would still be the most affordable option for online supermarket shoppers. 'It is our intention to make sure that we are the most affordable alternative whether that is bricks and mortar or buying online,' Aldi said. DoorDash delivery and service fees are standardised across all grocers, 'no matter which grocery supermarket you are buying through". Kidman told Yahoo Finance shoppers shouldn't automatically assume Aldi offers the best price when online shopping. He noted Woolworths and Coles did not mark up pricing on items delivered directly from the supermarket, but they did come with longer turnaround times and delivery fees. 'Would an Aldi delivered shop be cheaper than one from Woolworths? For store-brand goods, all three supermarkets aggressively price match, with Aldi sometimes coming in a few cents cheaper,' Kidman said. 'If the delivery fee was low enough, it might come in cheaper, but I wouldn't automatically assume that. 'One challenge Aldi faces is substitutions. If an item isn't in stock, it almost never has an alternative brand, so some shoppers will be disappointed.' Coles and Woolworths also have partnerships with DoorDash and UberEats for on-demand deliveries. Coles previously confirmed it adjusted the price of products available through the delivery platforms to reflect the convenience of the services and said this was in line with other retailers. Online grocery accounts for nearly 11 per cent of the overall grocery market, according to E&P analyst Phillip Kimber. Online sales for Woolworths and Coles rose 20 per cent and 22.6 per cent year-on-year, respectively.
Bloomberg
an hour ago
- Bloomberg
Could Musk's New Political Party Plan Deepen Trump Feud?
Bloomberg Contributor & Stonecourt Capital Partner Rick Davis, and Jeanne Sheehan Zaino, Bloomberg Contributor & Iona University Political Science Professor share their thoughts on Tesla CEO Elon Musk announcing he wants to create a new third political party called 'The America Party.' They discuss whether or not this third political party will benefit anyone and continue the rift between Musk and President Trump. Both Davis and Zaino speak with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's 'Balance of Power.' (Source: Bloomberg)
