Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

US stocks rebound, tech stocks perform

Published

on

Wall Street stocks finished a volatile week on a positive note following strong new home sales data.

New home sales surged more than 20 percent in March, pushing the annualized sales rate to a 15-year high.

The strong data helped the market shrug off weakness seen elsewhere much of the week.

The Dow finished up 0.7 percent, while the S&P 500 advanced 1.1 percentand the tech-rich Nasdaq umped 1.4 percent.

The S&P500’s 1.09 per cent rally was led by materials and financial stocks, with defensive sectors lagging the pack, in part owing to a little lift in bond yields in response to the strong economic data.

The gains were fairly broad-based though, with US-tech stocks also performing well, as the NASDAQ ran 1.44 per cent higher. It was the small-cap Russell 200 that topped them all, with the index gaining 1.76 per cent for the day’s trade.

There proved a pro-risk tilt in FX markets too on Friday night.

The US Dollar markedly underperformed, falling right across the G10 currency space, as it continued to weaken against its fellow G4 safe-havens, while the high-beta plays proved the strongest performers across the entire pack.

The EUR/USD extended its resurgence, somewhat on budding hopes of its vaccine drive to, close in on the 1.21 handle, with US Dollar Index grinding into support below the 91.00 level.

The AUD/USD also popped on the little in sentiment and commodity prices, to currently fetching a touch below 0.7750.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

How will Disney’s AI strategy boost shares?

Published

on

Activist investor Blackwells has called upon Disney to implement a robust artificial intelligence strategy aimed at bolstering the company’s shares.

“Disney must produce an artificial intelligence strategy, and share elements of that strategy with its shareholders.”, said Blackwells in a recent presentation.

New groove

Blackwells, known for pushing corporations to adopt innovative approaches, contends that a well-crafted AI strategy could drive shareholder value and position Disney for sustained success in the entertainment landscape.

The activist investor emphasises that harnessing the power of AI could optimise content creation, enhance customer experiences, and streamline operational efficiency within Disney.

Disney’s response

The company opposed the suggestion to replace board members with activists’ nominees, emphasising the potential disruption to ongoing progress.

Additionally, Disney disagreed with Blackwells’ proposal to spin off land and hotels into a real estate investment trust, arguing it reflected a misunderstanding of the synergies within its businesses.

Continue Reading

Money

Boeing woes will lead to higher airfares: Ryanair

Published

on

Ryanair, one of Europe’s leading low-cost airlines, is grappling with the possibility of scaling back its summer flight schedule due to ongoing delays in the delivery of Boeing aircraft.

The airline had initially anticipated a boost in its fleet with the arrival of new Boeing planes, enabling an expansion of routes and increased passenger capacity.

However, prolonged delays in the manufacturing and delivery process have cast a shadow over these plans.

Growing pains

The airline industry, already navigating challenges posed by the global pandemic, now confronts the additional hurdle of supply chain disruptions impacting major aircraft manufacturers.

Ryanair’s dependence on Boeing for its fleet expansion has made it particularly vulnerable to these delays.

As the summer travel season approaches, the airline faces the tough decision of either operating with a reduced fleet or adjusting its schedule, potentially impacting travel plans for passengers.

Continue Reading

Money

Gender pay gap – Calls grow for accountability

Published

on

The unveiling of gender pay gaps within large Australian organisations marks a significant milestone for gender equality, but experts emphasise the urgent need for greater accountability and action from employers, asserts a University of South Australia researcher.

Professor Carol Kulik, an authority in workplace diversity, underscores the importance of the Workplace Gender Equality Agency’s release of gender pay gap data for large Australian employers as a pivotal step forward.

However, she stresses that the true impact of this revelation will hinge on the proactive measures taken by organizations to address and narrow the existing disparity.

The WGEA’s disclosure will shed light on gender pay gaps among private sector employers with 100 or more employees for the first time.

This move comes amid ongoing efforts to promote and enhance workplace gender equality.

Pay gap

According to the WGEA’s 2023 report, the average gender pay gap in Australia stands at 21.7%, translating to women earning an average of $26,393 less per year than their male counterparts.

Professor Kulik, a member of the SA Gender Pay Gap Taskforce, underscores the importance of further actions to ensure that organizations are held accountable for addressing pay gaps.

“We now must be asking employers important questions,” Professor Kulik asserts.

“In what roles and levels of employment are pay gaps most prevalent? How are employers supporting employees’ caring responsibilities? What measures are being implemented to facilitate women’s advancement into higher-paying roles? How soon can employers commit to closing their pay gaps?”

Tend to escalate

Highlighting the trajectory of pay gaps over time, Professor Kulik notes that initial disparities between men and women at the outset of their careers tend to escalate as pay rises are often calculated as a percentage of an employee’s current salary.

Career breaks and caregiving responsibilities further exacerbate these discrepancies, resulting in women retiring with significantly lower superannuation than men.

Drawing parallels from regulatory interventions in other countries, Professor Kulik underscores the unintended consequences that may arise.

For instance, while legislative mandates in Denmark narrowed the gender pay gap, they also prompted employers to compress salary distributions, impacting both male and female employees.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company