Money

Janet Yellen warns U.S. could run out of money soon

Published

1 year ago

May 2, 2023

ticker NEWS

Yellen called on Congress to raise or suspend the debt limit, or run out of cash by June

U.S. Treasury Secretary Janet Yellen is warning the U.S. could run out of cash by June 1.

Janet Yellen called on Congress to raise or suspend the debt limit so the United States could continue paying its bills.

She says the country could run out of money by the start of next month if Congress does not act now.

This puts pressure on President Biden and lawmakers to reach an agreement.

The new timeline to the so-called ‘x-date’ could force a flurry of negotiations between the House, Senate and White House over government spending.

Just a few days ago Yellen told Americans the failure to lift the federal debt limit by Congress would cause an “economic catastrophe”.

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