Money
Bonza Airlines gears up for 2022 launch, but why use the Boeing 737 MAX?
In these pandemic times, the last business you’d think of entering the market is a new airline
But for Australia’s new budget airline, Bonza, the sky truly is your limit.
Thousands of travellers have had their say about the new low-cost carrier ahead of its launch in the first half of 2022.
Since Bonza was announced in mid-October, thousands of potential future customers signed up to learn more about the airline and what’s on offer.
Many completing an online survey to nominate their preferred Bonza destinations.
That’s in addition to over 3,600 Aussies who registered their interest in jobs
Bonza has revealed where Aussie travellers say they’d like the low-cost carrier to fly to and from.
Being considered are destinations that spread far and wide across the country from Hobart to Broome, and Busselton to Cairns.
They also include travel from the regions with places like Albury, Tamworth, the Bundaberg and Newcastle all on the consideration list.
The airline, backed by US firm 777 partners plans to use the Boeing 737 Max, an aircraft that’s had its fair share of bad press.
Chief Commercial Officer Carly Povey spoke to Ticker News’ Ahron Young – and says the 737 MAX is the aircraft of choice.
Bonza is currently in negotiations to firm up its launch route map
In parallel with airport discussions, the airlines leadership team continues to have conversations with State and Territory Governments to confirm where it’ll set up it’s head office
The industry has had its fair share of devastation, with the collapse of multiple airlines around the world.
Meanwhile the Australian aviation sector is set to slowly recover as state and international borders reopen, as the COVID vaccine rollout continues.
Money
Stocks rally ahead of Thanksgiving as markets log four days of gains
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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Money
Dow surges 500 points amid rate cut optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Money
Gold prices surge as Central Banks buy big, but risks grow ahead
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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