Money
Want to buy an A380? Malaysia Airlines is selling superjumbos
As the pandemic continues to ground jets across the world, Malaysia Airlines is selling theirs
Malaysia Aviation Group has launched a tender for the sale of six Airbus A380-800 aircraft or their components.
The company made the announcement in a post to LinkedIn on Thursday.
MAG, which is the parent of national carrier Malaysia Airlines and underwent a restructuring earlier this year, invited interested buyers to send in proposals to either purchase the aircraft or parts.
Malaysia Airlines has been looking for some time to dispose of its A380 fleet, deeming the superjumbo aircraft as non-profitable.
It follows the Group Chief Executive Officer Captain Izham Ismail leading the airline towards completion of its debt restructuring.
Ismail stated the group was convinced that the fleet did not fit its future plans, as it “restrategised to position its business as a global travel group”.
More airlines ditch the A380
Airbus has now officially concluded its A380 programme – meaning the aircraft maker does not plan to build any more of the double-decker jets.
The aircraft has been popular with Middle Eastern carrier, Emirates, the worlds largest operator of the superjumbo jet.
But other airlines are moving away from it, citing it not viable due to its operational costs and massive fuel consumption.
Thai Airways which is undergoing a court-approved restructuring, has also been looking to sell the same aircraft in its fleet, while HiFly has also ditched the jet entirely, already.
Some may fly again
Australian airline, Qantas has grounded all of its A380’s however CEO Alan Joyce says ‘they will fly again’
The Aussie carrier saw the superjumbo operate on popular routes between Australia and the US, Australia and Singapore as well as Australia and the Middle East.
Money
Australia’s inflation report and Nvidia earnings impact explained
Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.
Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.
Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.
David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.
On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.
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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights
Money
U.S. stocks rally as AMD, Home Depot, and AI software lead gains
U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.
U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.
U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.
DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.
The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.
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Money
Stocks tumble amid AI concerns and Trump tariff update
Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.
Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.
Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.
Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.
Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.
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