News
Army activated to drive ambulances as Australia marks grim COVID milestone
The city that holds the title of having the longest lockdown in the world is becoming overwhelmed as COVID cases spike
Melbourne along with the state of Victoria has recorded 1,838 new local COVID-19 cases and five further deaths after confirmation that Australian Defence Force personnel will start driving ambulances in the state.
The army has officially been activated as the health care system battles with record admissions.
Today’s number of cases for the past 24 hours is a new daily record for any state or territory in Australia
The spike comes as Ambulance Victoria metro regional director Jerome Peyton told an Australian media outlet that paramedics were experiencing soaring emergency calls driven by the pandemic.
Ticker Health co-host and Medical Doctor, Dr. Kieran Kennedy says the health care network is trying to deal with rising cases everyday while still trying to support regular treatments such as cancer and mental health admissions.
“Logistical nightmare”
Kennedy says it is currently a logistical nightmare to try and seperate services within hospitals, stating it is becoming a challenge to “seperate COVID positive people or close contacts with those that aren’t.”
“It’s obviously people with COVID who need ICU, and need specialist treatment”
Kennedy told Ticker News.
In the past two weeks, Ambulance Victoria had reported four of its five busiest days in history.
Victoria’s Triple Zero call system was also experiencing near record levels of demand.
Major changes to ambulances:
For the first time in Ambulance Victoria’s history, two paramedics will no longer be deployed to each ambulance.
Instead, a paramedic will be joined by a driver from the Australian Defence Force member, St John Ambulance Australia member, State Emergency Service, or a student paramedic.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
News
U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews
News
xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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