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Australian banks are pulling in big profits as rates rise

Published

11 months ago

on

Are wages or corporate profits to blame for stubborn inflation?

Central banks around the world have been raising interest rates in the hope of bringing inflation down.

 
Rising inflation hurts everyone in the economy, but lower-income workers are the most exposed.

It’s only natural that they would want wage increases to at least keep pace with inflation so their income isn’t going backwards in real terms.

Labor unions and workers around the world have been demanding just this.

But could these demands be shooting themselves in the foot?

Some economists have been warning of what’s known as the wage-price spiral.

That’s the theory that as worker’s wages increase that fuels demand in the economy.

It’s an issue right around the world.

Now inflation in the UK hit 6.5 per cent in May, the highest point since 1991.

So the Bank of England will be very keen to tackle this inflation, and they are obviously concerned about this wage-price spiral.

Others argue that corporate profits are to blame for the situation.

So who wins out? #featured #rba #australia #economy

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Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

Published

6 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

Published

7 days ago

on

May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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