Money

Gerry Harvey advocates passing on cost increases

Published

6 months ago

November 30, 2023

ticker NEWS

Prominent Australian businessman Gerry Harvey believes businesses should not hesitate to pass on cost increases to consumers through higher prices.

This statement comes in the wake of a recent warning from the Reserve Bank of Australia (RBA) about rising inflation.

Harvey, the co-founder of Harvey Norman, one of Australia’s largest retail chains, emphasized that it’s essential for businesses to maintain profitability even in the face of inflationary pressures.

He argued that absorbing higher costs could lead to reduced investments and job cuts, ultimately hurting the economy.

The RBA had cautioned about the risk of inflation exceeding their target range, prompting speculation about potential interest rate hikes. Harvey’s perspective counters this, as he believes that passing on cost increases to consumers is a responsible and necessary step for businesses to stay financially viable.

In a time when inflation concerns are growing, Harvey’s stance raises crucial questions about the delicate balance between businesses’ profitability and consumers’ purchasing power, leaving many to wonder if higher prices are an inevitable consequence of rising costs.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 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

5 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

6 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