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

Why the meme-stock frenzy is unlikely to repeat

Published

5 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

5 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

6 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