Money

Lachlan Murdoch drops case against Crikey

Published

1 year ago

April 21, 2023

ticker NEWS

Lachlan Murdoch drops case against Crikey, days after Fox News paid $787m to Dominion

Lachlan Murdoch is dropping his defamation case against Private Media, the publisher of Crikey.

Murdoch’s lawyer says “it is a matter of public record that Crikey admits there is no truth to the imputations that were made about Murdoch in the [disputed] article.”

This comes just days after Fox News paid $787 million to settle a lawsuit brought by voting machine maker Dominion.

The lawyer says a contributing factor to Murdoch’s decision was the case against Dominion settling.

In June 2022, Crikey’s political editor published an article linking the Murdoch family to the January 6 Capitol attacks in the U.S.

The headline called Murdoch an “unindicted co-conspirator”.

It was taken down after a formal legal complaint from Murdoch, but was later republished.

“Murdoch remains confident the court would ultimately find in his favour, however he does not wish to further enable Crikey’s use of the court to litigate a case from another jurisdiction,” the lawyer said.

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

6 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