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ASX to fall, Qantas a ‘disappointment’ and 6 other things to start your day

The ASX board showing company price changes and the tail of a Qantas plane.
The ASX is expected to rise this morning and Qantas gets a Shonky award. (Source: Getty)

ASX: The share market is expected to fall this morning after US stocks slipped on the back of an interest rate rise by the US Fed.

Workin’ hard: Aussies are working much more than we were pre-pandemic, but have less money to show for it, new research from ANU has found.

In fact, despite working longer hours, one in four people surveyed said they were finding it hard to get by on their current income.

Qantas slammed: If you travelled with Qantas over the past year, there is a good chance you’d have a complaint about it.

That’s why the Aussie airline scored a Shonky award - CHOICE’s 2022 honour list of Australia’s most questionable products and services.

Qantas was dubbed the “spirit of disappointment” for delayed flights and lost baggage.

Unpaid wages: Domino’s pizza is feeling the heat after allegedly instructing Aussie franchises to underpay thousands of workers, a court has been told.

Ex-employee Riley Gall launched a class action against the fast-food giant, alleging he is owed more than $10,000 in unpaid wages.

Big cost: Negative gearing - when Aussies are able to get a tax break when the cost of owning an investment property outweighs the income it generates - is set to cost the budget almost $100 billion over the next decade.

Analysis from the Parliamentary Budget Office found the tax concession would set the budget back $7.5 billion in the next financial year alone.

Pay for change: Aussies want more to be done about climate change and they want fossil fuel companies to pay for it.

The Climate of the Nation report found support for higher taxes on fossil fuels had hit a new record.

Bye bye petrol: That same report also found more than 60 per cent of Aussies supported a ban on new petrol car sales by 2035.

In fact, two in three Aussies supported changes to speed up the switch to electric vehicles, it said.

Tuk-tuk: Your next online shopping purchase could be delivered by a three-wheeled electric van.

The e-TukTuk will be one of several electric vehicles on show at an event in Sydney today, demonstrating how companies are electrifying their delivery fleets.

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