Money

OPEC+ announces further oil cuts

Published

1 year ago

April 3, 2023

ticker NEWS

The producers agreed to take out 1.1 million barrels of oil per day

Saudi Arabia and other OPEC+ producers have announced further oil output cuts.

The producers agreed to take out approximately 1.1 million barrels of oil per day, in order to raise the price of the commodity.

The development comes a day before a virtual meeting of the OPEC+ ministerial panel, which had been expected to stick to the original plan of cuts already in place.

Last month, oil fell to $70/barrel, its lowest level in 15 months.

This was due to the global banking crisis, and concerns the saga would hit demand.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

2 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

2 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

3 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