Money

Qantas: What is going on with your credit?

Published

2 years ago

August 29, 2023

Alan Joyce, the CEO of Qantas, is facing mounting challenges as he prepares to step down from his role. Recent court battles with Qantas employees over illegal sackings and a class-action lawsuit from customers seeking reimbursement of over half a billion dollars in flight credits.

Furthermore, Joyce recently found himself in the hot seat during a Senate hearing on Australia’s cost-of-living crisis. Lawmakers accused him of profiteering and contributing to the national inflation rate. This unexpected confrontation comes after Qantas received $2.7 billion in taxpayer support during the COVID-19 pandemic.

In response, Joyce argued that the best way for Qantas to repay the taxpayer support is by continuing to make profits and paying corporate taxes. However, it was revealed that Qantas has not paid any corporate taxes during Joyce’s 15-year tenure as CEO. In fact, the airline has received more in credits from the Australian Tax Office than it has paid in taxes, on top of the government support it received.

Tax strategy

This tax strategy was achieved by reporting losses, particularly in 2012 when Joyce’s decision to ground the airline resulted in substantial losses. Two years later, the airline reported more losses after a market share battle with Virgin. In both cases, the losses allowed Qantas to receive significant financial support.

The government’s support for Qantas during the pandemic has raised questions about equity stakes and the return on investment for taxpayers. While Joyce claimed that the airline was weeks away from insolvency, no equity stake was secured in return for the financial assistance.

Instead, Joyce oversaw the return of $1.5 billion to investors through share buybacks, increasing the Qantas share price and benefiting Qantas executives.

The question remains whether Qantas will pay back taxpayers for the support it received during the pandemic or continue on its path without any obligation.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

2 weeks ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

2 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

2 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar