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Money

How high will interest rates go?

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Australian consumers have received the RBA’s message loud and clear as spending collapses

Central banks around the world have taken a similar approach to managing inflation.

In Australia, the Reserve Bank recently raised the country’s cash rate 25-basis points to 4.10 per cent.

It is the highest rate in 11 years.

Australian retail giant David Jones also reported a slump in sales of up to 30 per cent.

Sarah Megginson from market research comparison company, Finder, said Australians are bearing the brunt of the increased rate hikes.

“We did some research at Finder and found that one in four Australians have actually taken on a second job or they’re working longer hours.

“Three per cent have even come out of retirement to earn money, and a further one in five people are considering taking on extra work,” she said.

It follows reports by banking giant, Westpac showing consumer sentiment took a serious hit following the rate hike announcement.

Inflation in the U.S. is slowly beginning to cool, though prices in Australia and much of the world remain stubbornly high.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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