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RBA Hikes Cash Rate to 4.60% on September 29, Highest Since 2011
RBA raises cash rate to 4.60%, the highest in 15 years. Fourth hike of 2026 adds $100 monthly to $700k mortgages. Markets price 60% chance of sixth hike by mid-2027.
US 10-Year Treasury Yield Hits 5.18% on September 24, Highest Since 2007
US 10-year Treasury yield hits 5.18% on September 24, highest since 2007. Real rates drive 96% of the 45 basis point surge. Bond prices fall as borrowing costs rise.
First Home Buyers Face $11,200 Borrowing Hit as RBA Hikes Rates to 15-Year High
RBA rate hike on September 29 will cut first home buyer borrowing capacity by $11,200 and add $107-$152 monthly to mortgage repayments. Canstar analysis shows cumulative 2026 reduction of $47,400.
GoFundMe Shuts Down $745K Fundraiser for Texas Man’s Wife’s Cancer Bills
GoFundMe removed a $745,000 fundraiser for an 81-year-old man’s wife’s cancer bills after learning the organizer was his daughter, not a neighbor. The platform cited factual misrepresentations in its terms of service.
German Pensions Set to Rise 4.4% to 4.7% in July 2027
German pensions expected to rise 4.4% to 4.7% on July 1, 2027. A retiree earning 1,500 euros monthly could gain 66 to 70 euros. The increase follows rising wages and requires no application.
Trump Rejects Iran’s Seven-Day Hormuz Deal on September 28
Trump rejects Iran’s seven-day plan to reopen Strait of Hormuz, citing US control. The closure disrupts one-fifth of global oil and gas trade, threatening energy security across Asia and beyond.
Internationals Poised for Presidents Cup Win on September 28 at Medinah
International team leads 10.5-7.5 with 12 singles matches remaining at 2026 Presidents Cup. Australians Adam Scott and Min Woo Lee have been pivotal in maintaining the lead heading into the final day at Medinah.
Internationals Lead Presidents Cup 10.5-7.5 Heading Into Final Day at Medinah
International Team leads USA 10.5-7.5 at 2026 Presidents Cup with one day left. Min Woo Lee and Ryan Fox deliver key wins as Internationals chase first title since 1998.
Card surcharges banned from October 1: What Australians will pay instead
From October 1, Australian businesses can no longer charge card surcharges. Shoppers may see hidden price rises, while banks cut credit card rewards and increase fees.