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ZOZO Stock Rises 2.8% as Pokémon 30th Anniversary T-Shirt Launch Drives September 15 Retail Momentum
ZOZO stock up 2.8% as the Japanese e-commerce giant launches Pokémon 30th anniversary T-shirt collection on September 18. Pre-orders span 1,025 designs at ¥3,960 each.
Albanese Defends Mother Against Hanson’s Public Housing Jab, September 14
Anthony Albanese condemns Pauline Hanson’s podcast comments mocking his mother’s public housing background. Former PM Scott Morrison and Angus Taylor criticise Hanson; Barnaby Joyce defends her.
Sanders Backs 32-Hour Workweek Bill as Congress Debates Labor Reform
Bernie Sanders’ new 32-hour workweek bill would gradually lower the federal overtime threshold from 40 to 32 hours over four years with no pay cuts. Critics warn it could cost jobs.
Labor’s Housing Reforms Slash 10,700 Homes, Push Rents Up AUD$10 Weekly
Labor’s housing tax reforms will cut 10,700 new homes and push rents up AUD$10 weekly through 2030, according to updated modelling by industry groups. GDP impact estimated at AUD$1.05bn.
Stellantis Sells Brampton Plant to Roshel as Union Talks Collapse
Stellantis signs MOU to sell Brampton plant to Roshel. Union talks collapse over plant closure. STLA stock down 50% year-to-date as Meyka rates it C+ Sell.
Zimmer Biomet Cuts Up to 580 Jobs in Winterthur as Restructuring Accelerates
Zimmer Biomet plans to cut up to 580 jobs at its Winterthur plant, affecting 79% of the 730-person workforce. The restructuring aims to streamline manufacturing, though final numbers may change during consultation.
Stadler Rail Invests 25M Francs in Kazakhstan Plant Expansion
Stadler Rail expands its Kazakhstan plant with a 25 million franc investment in automated aluminum railcar production, adding 100 jobs to its Astana workforce.
Denny’s Franchisee Closes 5 Locations in Minnesota, Wisconsin on September 9
Denny’s franchisee M15 Inc. closed 5 locations in Minnesota and Wisconsin on September 9, citing unsustainable debt. The chain has shuttered 155 restaurants over two years as it pursues a turnaround.
RBA Tipped to Raise Rates to 15-Year High by End of September
RBA deputy signals fourth interest rate hike likely by September 28-29 as inflation stays above target. Macquarie Bank forecasts cash rate to rise to 4.6%, a 15-year high, adding $121 to monthly mortgage payments.