Money

Australia’s inflation rate drops

Published

1 year ago

March 29, 2023

ticker NEWS

Australia’s inflation rate drops thanks to smaller rises in fuel and housing as the Reserve Bank prepares to meet

Australia’s inflation rate has dropped to 6.8 per cent.

These are the latest figures coming from the Australian Bureau of Statistics.

It shows the monthly Consumer Price Index has fallen for the second month in a row.

The figure is a bit better than what economist’s were thinking.

The data shows the biggest inflation drivers were new housing, food and alcohol.

Now, this is set to ease pressure on the Reserve Bank when it meets next week.

It wants to see inflation back within the 2 or 3 per cent range but it doesn’t really expect that to happen until 2025.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 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

3 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

4 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