News
School linked to new China COVID outbreak
A new surge of COVID-19 detected in China has has been linked to a primary school in Fujian province
Initial reports suggest that the COVID outbreak could have started from a student’s father, who tested positive last week.
Authorities in Fujian have now ordered that all teachers and students receive a COVID test within a week, following more than 100 cases detected in four days.
The latest wave comes a month after China contained the Nanjing outbreak – it’s biggest since Wuhan.
A medical worker takes a swab sample from a resident to be tested for the COVID-19 coronavirus in Wuhan in China’s central Hubei province on May 14, 2020. – Nervous residents of China’s pandemic epicentre of Wuhan queued up across the city to be tested for the coronavirus on May 14 after a new cluster of cases sparked a mass screening campaign. (Photo by STR / AFP) / China OUT
The city of Putian in Fujian province – home to about three million residents – appears to be among one of the hardest-hit places
The first cases there have been linked to a primary school.
Reports also continue to state that the suspected source of the outbreak is a student’s father who tested positive for the virus on 10 September – 38 days after returning from Singapore on 4 August.
He had served 21 days in quarantine, during which he had taken nine nucleic acid and serologic tests, all of which were negative, said a report in the state-run Global Times newspaper.
It is not clear if the student’s father was indeed infected overseas, as such a long development period is very unusual.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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News
xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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