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Inflation creeps up as core CPI rises in September

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The core consumer price index (CPI) climbed 3.3% year-over-year in September, signalling continued inflationary pressure in the U.S.

 

Month-over-month, the increase was 0.3%, slightly higher than the expected 0.2%, raising concerns about the Federal Reserve’s ability to ease policy.

This latest inflation data narrows the Fed’s room to manoeuvre, making a significant rate cut at their next meeting less likely.

In other economic news, weekly U.S. unemployment claims have risen to 258,000.

Latest numbers

Ticker’s Ahron Young spoke with Steve Gopalan from SkandaFX about the latest numbers.

Steve Gopalan discusses the impact of rising unemployment claims, inflation, and geopolitical tensions on the market, including the potential effects of Israeli strikes on Iran and China’s policies.

He also addresses expectations for the Fed reserve rate cut and near-term risks affecting the Australian economy and talks about how traders are preparing for China’s Finance Minister news conference on fiscal policy.

The increase in claims is partly attributed to the impact of Hurricane Helene and furloughs at Boeing.

Economists are closely watching how these factors will play into broader economic trends.

With inflation rising and unemployment numbers fluctuating, the economic outlook remains uncertain.

 

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Sendle shuts down, small businesses left scrambling

Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

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Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

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In Short:
– Sendle has unexpectedly ceased operations, leaving small businesses without courier services and cancelled pickups.
– Customers are frustrated and searching for alternatives, while competitor firms are reaching out to fill the gap.
Aussie courier service Sendle has ceased operations unexpectedly, affecting many small businesses that relied on its services. Announced via email on January 11, the company warned customers that existing parcels would be delivered at the “discretion of the delivery partner.”
Additionally, all scheduled pickups from January 12 were cancelled.

Customers have been left confused and frustrated, lacking guidance on how to fulfill orders.

Sendle expressed regret for the disruption but did not provide a detailed explanation for the closure. A banner on their website confirmed the halt in services, with social media accounts disabled and customer inquiries no longer being monitored.

Banner

The shutdown comes as Sendle had recently merged with US logistics firms to create FAST Group, but that merger has now reportedly unraveled due to financial issues.

Small business owners, many of whom had turned to Sendle for better pricing compared to competitors like Australia Post, are now scrambling to find alternative delivery options.

Unexpected Closure

Many business owners shared their experiences on social media, highlighting the immediate need to find new courier services. One owner reported significant losses and mentioned having to repackage orders that were scheduled for shipment.

The collapse of Sendle has raised concerns about job losses, though the company has not disclosed the number of affected employees.

Competitors have begun reaching out to small businesses in response to the demand created by Sendle’s sudden exit from the market.

Aramex Australia says it “is aware that Sendle has halted all bookings for parcel pick-ups and deliveries in Australia with immediate effect. Aramex recognises that this development may create uncertainty for businesses that rely on Sendle to ship their goods.”

“While Aramex cannot comment on the specific circumstances surrounding Sendle’s operations, we are ready to support e-comm and B2B businesses that are seeking an alternative courier partner moving forward. Aramex has the infrastructure, global network, national coverage and local franchise expertise in place to assist customers who need ongoing delivery services without disruption. Our priority is providing certainty, reliability and continuity of service for Australian businesses.”

“Sendle is a tech platform that has enabled business customers to book courier services. Aramex has a long history of delivering for Sendle customers. Aramex operations continue as normal, providing reliable courier services to our customers.”


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UK, Canada and Australia consider banning Elon Musk’s X over AI risks

UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.

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UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.


Downing Street has opened talks with Canada and Australia about a possible ban on Elon Musk’s social media platform, X. Concerns are growing over the platform’s AI tool, Grok, which could be misused to generate explicit images.

The scrutiny comes as government officials, including Sir Keir Starmer, voice serious worries about the platform’s impact and the potential for harm. Officials believe coordinated international action could send a clear message to Musk about the urgency of addressing these risks.

Ofcom is expected to release recommendations soon, potentially paving the way for regulatory action. How Musk responds could determine whether X faces restrictions in multiple countries.

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#ElonMusk #SocialMediaBan #XPlatform #AIrisks #GrokAI #TechRegulation #UKPolitics #TickerNews


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Trump weighs options as Iran protests escalate

Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.

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Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.


President Donald Trump is set to meet with senior US officials to discuss possible responses to the growing protests in Iran. The talks will focus on how Washington should react as unrest continues to spread across the country.

Options on the table reportedly include tougher sanctions and the possibility of military action. Secretary of State Marco Rubio and other top officials are expected to attend, as concerns mount over how US involvement could impact regional stability.

Iran has warned it will retaliate if the US intervenes, raising fears that any move by Washington could sharply escalate tensions in the Middle East.

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#Trump #Iran #USPolitics #MiddleEast #Geopolitics #Sanctions #WorldNews #TickerNews


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