Money

China’s economy bounces back

Published

1 year ago

April 18, 2023

ticker NEWS

China’s economy bounces back with Covid restrictions dropped and residents spending big at the shops

China’s economy is bouncing back.

The country’s economy grew faster than expected in the first three months of the year, as residents emerged from tough Covid restrictions.

When compared to the same period 12 months ago, gross domestic product was up 4.5 per cent.

This has largely been driven by a boost in household spending and rising factory activity.

Beijing previously promised it would supercharge the world’s second largest economy when it lifted coronavirus measures back in December.

Retail sales are up.

They jumped by 10.6 per cent when compared to a year earlier.

There is also hope for the country’s airline industry.

Data shows more than 45 million air passenger trips were taken last month. #trending #featured

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