Inflation hits 3 year low | Dropbox cuts 20% of jobs | Reddit shares earns more karma

What the Flux

Australia’s quarterly inflation is below 3% for the first time since 2021 but the Reserve Bank is still unlikely to make a rate cut next week.

Dropbox has announced it will lay off 20% of its workforce after it struggles through a “transitional period”.

Reddit’s share price has skyrocketed over 40% following its first-ever profitable quarter.

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Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.

Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.

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