Money

Markets worst day since 2020?

Published

2 years ago

May 6, 2022

William Howard

The Dow has tumbled 1,000 points to its worst day since 2020

Previous gains on the US markets have been erased as inflation fears leave investors concerned.

US Treasury yields jumped and global equity markets tanked on Thursday, with many fearing aggressive central bank policies around the world will stunt growth.

Fears of a recession extinguished any gains in European markets despite Federal Reserve Chair Jerome Powell’s recent address.

The S&P 500 saw 97% of its companies moving lower, while theThe Nasdaq 100 was on track for one of its sharpest U-turns ever.

A selloff in long-end Treasuries pushed the 10-year yield above 3% and the dollar climbed.

Experts say the market is messy and it will remain volatile until there is a clear picture on Fed rate policy later this year.

Investors fear the Fed will be too aggressive with raising interest rates and may push the economy into a recession.

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William Howard

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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 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

4 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

5 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