Live updates: Wall St ends flat after volatile session, ASX set for slight gain
A series of social media posts from the White House sent Wall Street down, then up then down again — only to end Friday's session flat.
Futures trading on the ASX has priced in a marginal rise this morning ahead of Wednesday's important GDP data.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
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News.com.au
35 minutes ago
- News.com.au
Man starts petition after proposal to jack up campsite rates in one Aussie state
A proposal to increase camping fees in NSW national parks would make camping more expensive than renting a house. The NSW government has proposed introducing a six tier system that would make the rate fro some campgrounds as much as $97 a night or $679 a week, compared to a three bedroom home that can be rented for $600 a week. Filmmaker Michael Atkinson made the point in a social media video he shared from the Woody Head Camping Area in the Bundjalung National Park on the NSW North Coast. 'You can rent a three-bedroom house (down the road) with garage for $600, so it's almost $100 cheaper to rent a three-bedroom house with garage outside the park, as opposed to a small patch of grass here in the park,' Mr Atkinson said in the video 'I counted 89 campsites on this map, that is revenue raising of $55,000 a week just for this campground, excluding the money that they make from cabins.' In 2023-24, about 1.8 million people stayed overnight at 365 campgrounds located in national parks across NSW. The NSW National Parks and Wildlife Service developed a proposal 'to make camping fairer' for visitors and address issues when people did not show up, known as 'ghost bookings.' A tiered camping fee system was developed with pricing based on services, facilities and seasonal demand. A NPWS spokesman said more than 23,000 submissions were received during the consultation period. 'The NPWS invited feedback on a proposed model to introduce a more consistent and simplified statewide camping fee and booking system for the 365 campgrounds across NSW national parks,' a spokesman said. 'No decisions have been made on the proposal. 'NPWS will advise the public on the next steps once feedback has been considered.' Mr Atkinson told NewsWire that before Covid booking systems were used for high use campgrounds, and about 70 per cent of campgrounds in NSW national parks were free. He said a booking system was introduced to manage the infectious disease and it only cost $6, but because bookings were so cheap campsites would be booked out months in advance, then people would not show up. Mr Atkinson said the government's solution to prevent 'ghost bookings' was to jack up the prices, but the proposed hike would stop low income earners from being able to afford camping and discourage young people from heading out. 'For people like me, you feel ripped off that you're going to a public space in a park that we own, and paying what I think is a significant amount of money just to camp on our own land effectively,' he said. Mr Atkinson said a better solution would be to increase the number of campgrounds that were available at the sites which would increase grass space and remove undergrowth that clogged national parks. Mr Atkinson started an epetition to let the NSW government know how many people were against the proposal. The petition titled Keep camping affordable for all Australians in NSW National Parks has already received support from more than 7600 people. He also has support from the Nationals and people living outside of NSW who have been contacting the NSW environment minister directly. Opposition tourism spokesman Kevin Anderson said in a statement the decision would put some of NSW's most-treasured natural assets behind a paywall in the middle of a cost-of-living crisis. 'When I asked the Minister for Tourism about this in Question Time last month, he refused to acknowledge the issue, despite the heavy impact it will have on the tourism sector by deterring people from wanting to camp in our National Parks,' he said. 'The Minns Labor government needs to go back to the drawing board and find better ways to save money than hitting hardworking families who are just looking to get out and enjoy nature.' Scott Barrett MLC said National Parks should be more accessible for everyone. 'This proposal will put camping out of reach for many families and that's why I believe it's important to support Outback Mike with this petition,' he said. 'Some of my favourite moments have been spent with my family in our state's iconic national parks and limiting those experiences for other families based on cost is extremely frustrating.'
ABC News
38 minutes ago
- ABC News
BTN Newsbreak 03/06/2025
MINIMUM WAGE A pay rise is on the way for millions of Aussies earning the minimum wage. Yep, from July 1, millions of Aussie workers on minimum wages will get a 3.5% pay rise, bumping the national minimum wage from $24.10 per hour to $24.95. And based on a full-time, 38-hour working week, that's about $948 per week. The National Minimum Wage is the lowest hourly rate you can be paid for a job, and each year the Fair Work Commission decides whether it should go up. And because things have been getting pretty expensive lately, they reckon it's the right time to give wages a boost. MT ETNA One of the world's most famous and most active volcanoes has erupted in Italy! Sicily's Mount Etna sent huge clouds of ash and smoke into the sky. The country's National Institute of Geophysics and Volcanology says the eruption was caused when part of the volcano's southeast crater collapsed. Nobody got hurt, and experts say nearby towns are safe, but they're keeping a close eye on it! MATILDAS The Matilda's put on a show last night in their final match led by acting coach Tom Sermanni. In the friendly against Argentina, young-gun Amy Sayer returned to the team after recovering from an injury and it didn't take long for her to find form. Argentina leveled the scores, but Sayer wasn't done yet. The Matilda's claimed a 4-1 victory and will step into the future under new coach, Joe Montemurro. TENNIS Now to tennis, and Aussie Daria Kasatkina's impressive run at the French Open has come to end. It was the Russian-born player's first grand slam playing under the Australian flag after becoming a permanent resident a couple of months ago. Heading into round four, there were high hopes, but she couldn't stop teenage sensation Mirra Andreeva who hasn't dropped a set all tournament. And after the match, Kasatkina thanked her new Aussie fans. MOTOCROSS And finally to an almost chaotic number of motorbikes, taking on a very chaotic course. This is the Erzberg Rodeo, also known as the toughest off-road motocross event going around. Only the fastest 500 riders in the world qualified for the 35km climb through the mountains for Austria, battling all sorts of terrain, sometimes without their rider. TOMATINA Option number 1, take up tomato throwing. This is the Gran Tomatina food fight festival in Columbia, which is back for its 15th year after spending a few years out of action. If you're worried about food waste, just know that these tomatoes were deemed inedible, or just overripe. And throughout the 3 day festival, it's expected that 45 tonnes of tomatoes will be used. GIANT SLIDE Okay, if tomatoes aren't your thing, what about water slides? Down the main street of the small Columbian town of Bucarasica, locals and tourists alike barrelled their way down this giant slippery dip. It first popped up last year, to fulfil an election promise from the mayor, to quote, "amuse residents". MODEL PLANES And finally, meet Liu, a model aircraft maker in China, who's turned his hobby into a career, building all manner of flying objects. But mostly planes. He documents the process of building his aircrafts, and posts them to social media for his more than one-million fans to marvel at. Oh, and in his spare time he pops over to local schools to teach kids how it's done.
ABC News
39 minutes ago
- ABC News
Erin accepts that death caps were in the lunch
Today, during her second day in the witness box, Erin Patterson accepted that the mushroom meal must have contained death caps. The accused triple murderer also told the jury she foraged for mushrooms for several years leading up to the lunch, spoke about how traumatic hospital experiences in the past had shaken her trust in the health system, and gave details about her financial situation. In today's episode investigative reporter Rachael Brown and Stephen Stockwell talk through Erin's evidence, including the moments that brought her to tears. If you've got questions about the case that you'd like Rachael and Stocky to answer in future episodes, send them through to mushroomcasedaily@ - It's the case that's captured the attention of the world. Three people died and a fourth survived an induced coma after eating beef wellington at a family lunch, hosted by Erin Patterson. Police allege the beef wellington contained poisonous mushrooms, but Erin Patterson says she's innocent. Now, the accused triple murderer is fighting the charges in a regional Victorian courthouse. Investigative reporter Rachael Brown and producer Stephen Stockwell are on the ground, bringing you all the key moments from the trial as they unravel in court. From court recaps to behind-the-scenes murder trial explainers, the Mushroom Case Daily podcast is your eyes and ears inside the courtroom. Keep up to date with new episodes of Mushroom Case Daily, now releasing every day on the ABC listen app.
