Money

The new World Bank boss nomination

Published

1 year ago

March 17, 2023

ticker NEWS

The decision on the key appointment will occur in May

Joe Biden has nominated the former boss of Mastercard, Ajay Banga, to lead the World Bank.

Banga is an American citizen born in India, and his nomination by the U.S. President comes just one week after David Malpass, a Donald Trump appointee, quit the role.

The World Bank’s governing body will make a decision in May, but America is the organisation’s largest shareholder and, therefore, has traditionally been allowed to put forward a candidate without challenge.

Regardless, whoever is successful, will oversee a shake-up at the Washington-based institution as it shifts its focus to the climate crisis.

Andrea Zanon joined us to discuss the key appointment.

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

5 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