Big banks’ profit challenge; cattle prices hit 2-year high; Microsoft slashes jobs

Wednesday 14 May 2025

Australia’s big banks report more than $15 billion in half year profits, but future growth looks tougher. 

• Local cattle prices hit a two year high 
• Microsoft joins others in big tech to slash staff
• The latest wages data shouldn't prevent an interest rate cut next week 
• Shiraz becomes our top wine export

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