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Wall Street tumbles on China contagion

Published

3 years ago

September 21, 2021

ticker NEWS

Wall Street has plunged as fear of contagion from a potential collapse of China’s Evergrande prompted a broad sell-off

Overnight, investors were fleeing equities for safety.

The Nasdaq fell to its lowest level in about a month, and Microsoft Corp, Alphabet, Amazon, Apple, Facebook and Tesla were among the biggest drags on the index.

https://twitter.com/tickerNEWSco/status/1440080171306913798

All 11 major S&P 500 sectors were lower.

Investors also were nervous ahead of the Federal Reserve’s policy meeting this week.

It follows the collapse in the price of iron ore, which has shocked markets in Australia and throughout the world.

What does this mean for the Chinese economy?

https://twitter.com/tickerNEWSco/status/1440078608786096130

https://twitter.com/tickerNEWSco/status/1440095965881507840

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Why the meme-stock frenzy is unlikely to repeat

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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.

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Why are airlines after the Biden Administration?

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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

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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