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U.S. Fed delivers biggest interest rate hike in decades

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Tech stocks lead US markets

Wall Street has rallied and the Australian dollar has soared above 70 U.S. cents after America’s federal reserve agreed to increase interest rates by a 0.75 percentage point

Investors showed signs of relief, with the Dow Jones jumping 1 per cent, the S&P 500 rising by 1.5 per cent and the Nasdaq by 2.5 per cent.

As the world reacts, the Australian market is expected to gain today, with ASX futures up 0.24 per cent at 6:30AM AEST.

This follows the market falling for its fourth day in a row on Wednesday, with the ASX 200 down 1.3 per cent as investors waited anxiously for the Fed announcement.

But is the Fed’s latest move going to combat the inflation every single American is feeling right now?

Market analyst Octavio Marenzi says Jerome Powell must take responsibility for where inflation in the US is at.

The Fed has increased rates to fight inflation but if they go too high they risk triggering a recession.

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Falling in love with stocks with Nick Quinn

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On this week’s episode of Talk Ya Book, Chris Judd is joined by Spatium Capital’s Nick Quinn to discuss the why investors fall in love with stocks, when to sell and why three of his choices are performing strongly.

Proudly presented by Honan.

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Bank battering sees mess start to clean up

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What will the future of the banking sector look like?

 
The once-mighty banking sector has taken a battering over the past month.

From two U.S. banks closing down, to one in Switzerland merging with its biggest rival, the sector has sent shockwaves throughout financial markets around the world.

And another European Bank could be following suit.

But, what will the future of the industry start to look like, once the mess has been cleaned up?

Founder and CEO of Umee, Brent Xu, joined us to discuss.

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Disney to axe 7,000 jobs

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The Mouse House will deliver two rounds of layoffs

Disney has announced it will begin to axe 7,000 jobs, as it seeks to control costs and create a more “streamlined” business.

Several major divisions of the company, including Disney Entertainment, Disney Parks, Experiences and Products, and corporate, will be impacted.

Disney will begin notifying the first group of employees who are impacted by the workforce reductions over the next few days.

A second, larger round of job cuts will happen in April, with several thousand more staff reductions.

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