Money

Panic on Wall Street subsides over banking uncertainty ends

Published

1 year ago

March 15, 2023

ticker NEWS

Lawmakers are demanding change to ensure these types of financial events don’t happen again

For a little while there, America’s banking system seemed as though it was edging towards a free fall.

But, thankfully, panic on Wall Street has largely subsided.

Regional bank stocks rebounded Tuesday morning after being pummelled in a Monday night selloff.

This was fuelled by a mix of contagion fears and a pile-on of short-sellers who profit when stocks lose value.

Despite the U.S. government’s announcement that it will be backstopping deposits for customers at Silicon Valley Bank and Signature Bank, Wall Street remained wary of smaller banks that may have similar risks.

But the mood in New York on Tuesday was much calmer.

This is partly thanks to the latest inflation report showing price surges falling for the eighth month in a row.

Meanwhile, many lawmakers are demanding change to ensure these types of financial events don’t happen again.

Democratic Representative Katie Porter is calling for a repeal of Trump-era bank deregulation.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

1 day 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

1 day 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

2 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