Market frenzy over inflation; Labor MP assault charges; AI means higher and lower airfares

Friday 31 July 2026

Financial markets go into a frenzy over concerns about the US Federal Reserve’s inflation fighting capabilities, and a bad result from Meta.

• A federal Labor MP is charged with two counts of assault
• How AI is making air fares both more expensive and cheaper
• FIFA offers Football Australia $29m to agree to sell part of the world game
• Why influencers with small followings are making money from social media

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