Money

Boris Johnson set to face vote of confidence

Published

2 years ago

June 6, 2022

ticker NEWS

UK Prime Minister Boris Johnson is set to face a vote of confidence, with the Chairman of the Backbench Committee saying he has received the threshold of 54 letters needed for a vote.

A ballot will now be held between 6-8pm local time, and the votes will then be counted immediately afterwards.

An announcement will then be made.

“This is what I thought would take place,” UK Health Secretary Sajid Javid expressed. “But it’s not what I think actually the country needs.

“I hope there isn’t – you have to be prepared but I think that what the country wants is for the government to get on and focus on the job.”

Tory MP Jesse Norman and former Treasury Minister, has announced that he has written to Sir Graham Brady calling for a no confidence vote.

“I have supported Boris Johnson for 15 years – very sadly I can no longer do so.”

Johnson’s tenure as Prime Minister has been marred by controversy and a lack of public support, most recently via the investigations into breaking his own COVID-19 lockdown laws.

Money

ASX positioned for strong start after positive stock rebound

Published

2 days ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

3 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

3 days ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending