U.S. stocks drop to a new closing low for 2022

Published

2 years ago

September 27, 2022

The S&P 500 dropped to a new closing low for 2022 as interest rates surged and turmoil rocked global currencies.

The S&P 500 declined just over 1%, falling below the June closing low of 3,666.

The Dow Jones Industrial Average dropped 325 points, or 1.1%, accelerating losses moments of trading. The Nasdaq fell 0.6%.

The British pound dropped to a record low against the U.S. dollar, falling 4% at one point to an all-time low.

The pound has since come off its worst levels on speculation that the Bank of England may have to raise rates more aggressively to tamp down inflation.

Will Australia’s foreign investment rule create an economic boost?

Published

39 mins ago

May 7, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Money

Research key to investment success

Published

22 hours ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

1 day ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured