Money

Australian PM warned of economic crisis

Published

7 months ago

October 18, 2023

ticker NEWS

Australian PM Anthony Albanese has been cautioned that the nation is hurtling towards an economic and financial catastrophe of unprecedented proportions.

Comparing the looming crisis to historical events, the gravity of the situation cannot be overstated.

Albanese has emphasised that the nation faces “economic and financial trauma” on a scale not seen since the Great Depression.

He pointed to mounting debt levels, stagnant wage growth, and skyrocketing living costs as key factors contributing to this dire predicament.

The Covid-19 pandemic has only exacerbated these issues, pushing the Australian economy to the brink.

Matt Grudnoff from the Australia Institute says the government is now turning its attention to addressing the cost of living, after the failed Voice referendum over the weekend. #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

2 days ago

May 14, 2024

Nathan Langridge

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

Money

Why are airlines after the Biden Administration?

Published

2 days ago

May 14, 2024

Nathan Langridge

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

Money

The mounting pressure on Government spends

Published

3 days ago

May 13, 2024

ticker NEWS

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