Money

Contentious industrial relations laws pass Australian parliament

Published

3 years ago

December 2, 2022

Labor government is making the most extensive changes to workplace relations laws in nearly two decades.

Australia’s Employment Minister Tony Burke struck a deal on the Secure Jobs, Better Pay Bill with independent ACT senator David Pocock, who holds the balance of power in the upper house.

It came after a late-night meeting in which Senator Pocock secured series of concessions in exchange for his support.

Labor will adopt the recommendations from a parliamentary inquiry into the Bill including changing the definition of a small business that can be excluded from multi-employer bargaining.

The definition now identifies a small business from one that employs 15 people to one that employs 20.

It will also be easier for a business with 50 employees or fewer to opt out of multi-employer bargaining.

Such businesses will be given a stronger ability to argue to the Fair Work Commission that they should be excluded.

The expansion of multiemployer bargaining makes it easier for workers at different companies within one industry to band together to call for better pay and conditions.

This is the most contentious element of the legislation.

Under the “single interest” stream, workers will be able to negotiate a single enterprise agreement to cover different workplaces, as long as a majority of employees at each company involved agree to do so.

Money

Stocks hit record high as Powell faces investigation and Trump proposes credit cap

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

Published

37 minutes ago

January 13, 2026

Harvey Vargas

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

The S&P 500 reached a new all-time high, with the Nasdaq climbing 0.5% while the Dow Jones held steady. This comes amid news of a criminal investigation into Federal Reserve Chair Jerome Powell. Despite the scrutiny, analysts believe short-term interest rates and inflation are unlikely to be impacted.

Meanwhile, Trump’s proposal to cap credit card rates at 10% for a year sparked concern among investors about potential effects on lending and bank profitability. Major bank stocks reacted sharply, with Citigroup down 3% and Capital One falling 6%.

In commodities, gold futures rose 2%, reflecting fears that political pressure on the Fed could challenge its ability to manage inflation effectively.

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Money

Big banks, inflation, and earnings: What to watch this week

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

Published

24 hours ago

January 12, 2026

Harvey Vargas

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.

In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.

All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.

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Money

Boeing hits seven-year high in plane deliveries as demand soars

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Published

1 day ago

January 12, 2026

Harvey Vargas

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.

Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.

Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.

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