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Money

Australian banks are pulling in big profits as rates rise

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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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Money

Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Money

Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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Money

It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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