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

Money

Wall St closes lower following Pelosi’s Taiwan visit

Published

2 years ago

on

Wall Street has closed lower following U.S. speaker of the House Nancy Pelosi’s visit to Taiwan

China has condemned the diplomat’s visit, labelling it a threat to global peace and stability. 

Microsoft and Visa lost 1.1 per cent and 2.4 per cent respectively, with all 11 S&P 500 indexes loosing ground.

Shares in chipmaking companies that are heavily exposed to China were mixed.

Caterpillar tumbled 5.8 per cent amid warnings of a drop in demand for its excavators in China.

Of course, the markets have been suffering in recent months as the war in Ukraine, soaring inflation and tightening financial conditions all have an impact.

Related Topics:

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

on

May 14, 2024

By

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

Continue Reading

Money

Why are airlines after the Biden Administration?

Published

3 days ago

on

May 14, 2024

By

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

Continue Reading

Money

The mounting pressure on Government spends

Published

4 days ago

on

May 13, 2024

By

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

Continue Reading

Trending Now