Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Elon Musk takes control of Twitter

Published

on

Elon Musk takes control of Twitter, fires top executives

It’s official, Elon Musk has taken control of Twitter, as the $44bn deal is finalised.

Twitter’s CEO and CFO were immediately fired and “escorted out” of the building when Musk took the reigns.

In a sensational post to Twitter, Billionaire Elon Musk claimed he was acquiring the social network for the good of humanity.

Musk also used the post to reassure advertisers that Twitter will remain a safe place for their brands.

“Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise,” he said. “Advertising, when done right, can delight, entertain and inform you.”

He said the reason he acquired Twitter is “because it is important to the future of civilisation to have a common digital town square. Where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”

Adding, “That is why I bought Twitter. I didn’t do it because it would be easy. I did it to try to help humanity, whom I love.”

Musk said Twitter should be a platform that is “warm and welcoming to all, where you can choose your desired experience according to your preferences.”

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading

Money

RBA cuts cash rate, easing pressure on homeowners

RBA cuts cash rate from 4.35% to 4.10%, marking first reduction since November 2020, benefiting struggling homeowners.

Published

on

RBA cuts cash rate from 4.35% to 4.10%, marking first reduction since November 2020, benefiting struggling homeowners.

In Short

The Reserve Bank of Australia has reduced the official cash rate from 4.35% to 4.10%, marking its first cut since November 2020 due to declining inflation. Homeowners are set to benefit, but experts warn the effects may take time to be felt.

Homeowners have awaited this decision more than a year, hoping for financial relief. The RBA stated that declining inflation justified this cut, indicating that it is beginning its rate-cutting cycle.

Due to falling inflation metrics, the Board expressed confidence that inflation rates are moving towards the target range of 2-3%. They noted that underlying inflation was recorded at 3.2% in the December quarter, suggesting pressures are easing faster than anticipated.

However, the Board also cautioned about potential upside risks, especially with recent strong labour market data, leading to uncertainties in economic activity and inflation outlooks.

Further cuts

Despite the rate reduction, the Board remains cautious about further cuts. They highlighted the need for careful assessment of inflation data, consumption growth, and global economic conditions before making new policy decisions.

Mortgage holders will benefit from the cut, with potential savings estimated at over $1,000 annually.

Market expectations indicated a high likelihood of this reduction, with forecasts suggesting more cuts in 2025 and early 2026.

Economic experts warn that it typically takes time for the impacts of rate cuts to fully materialise in the economy, suggesting homeowners may experience delayed benefits.

Continue Reading

Money

Interest rates impact investments, housing, and economy

Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID

Published

on

“Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID”

In Short

Interest rates in the US and Australia are under scrutiny as the impact of COVID-19 fades, raising concerns about investments and borrowing capacity. Experts are debating the long-term effects of Australia’s recent rate cut on housing prices and the cost of living crisis.

This development raises questions about its implications for investments, repayments, and savings.

To discuss these issues, we have Andrew Woodward from the Investor’s Way.

The rate cut has raised concerns about its impact on Australians’ borrowing capacity and the potential for rising housing prices.

There is also speculation about how this rate cut could affect the ongoing cost of living crisis in Australia. Experts are considering the possible long-term consequences of this reduction on Australia’s economy.

Many are asking whether this signals the start of a series of rate cuts by the Reserve Bank of Australia.

It’s important to examine how this shift in Australia’s monetary policy aligns with broader global economic trends.

Continue Reading

Money

Hainan’s hidden paradise is transforming the global economy

Published

on

Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

Continue Reading

Trending Now