Money

Wining and dining price hike turns sweets sour

Published

3 months ago

February 15, 2024

ticker NEWS

Downy mildew devastates Australian vineyards, causing a 60-year production low, while cocoa faces record prices.

Wine enthusiasts and chocolate lovers brace yourselves as 2024 is poised to witness a significant surge in prices.

Wine production is expected to hit a 60-year low due to Downy mildew wreaking havoc on Australian grapevines, a phenomenon occurring every 9-10 years.

Investors eye potential gains for Aussie-listed company Treasury Wine Estates, while hopes linger on the removal of China’s hefty 169% tariff on Australian wine.

Meanwhile, chocolate aficionados are set to feel the pinch as cocoa prices soar to record highs, reaching levels unseen since the 1960s.

Cocoa futures skyrocketed by 130% in just a year, hovering near $5,900 per metric ton.

Economic uncertainties loom as global consumers grapple with the impact on their favourite indulgences.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 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