Money

News Corp to cut five per cent of workforce; misses estimates

Published

1 year ago

February 10, 2023

ticker NEWS

News Corp has announced it would cut five per cent of its workforce due to falling short of its quarterly earnings estimates

The decline in profit and revenue was attributed to decreases in multiple businesses, including news.

The company also revealed it had incurred $6 million in one-time costs associated with its former plans to merge with Fox Corp, which were scrapped by Rupert Murdoch in January.

Advertising spending has suffered due to rising inflation and interest rates, affecting one of the primary sources of revenue.

Approximately 1,250 jobs will be cut.

Money

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

Published

11 hours ago

May 8, 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

2 days 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

2 days 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