Money

Will airfares still be expensive in 2024?

Published

2 years ago

September 9, 2023

Flights connecting Australia and Europe are set to remain prohibitively expensive until the end of 2024, with a drop in prices expected thereafter, according to the CEO of Flight Centre, Graham Turner.

While travelers eager to reunite with family or soak in the European summer sun might find this timeline less than ideal, Turner emphasized the need for patience. “It’s a long time to wait, and airfares will stay relatively high,” he conceded.

These remarks come on the heels of Transport Minister Catherine King’s promise of imminent reductions in ticket prices. King faced criticism for rejecting Qatar Airways’ application to double their weekly flights to major Australian cities. Turner acknowledged that the proposed increase in Qatar flights wouldn’t have dramatically lowered international airfare costs but viewed it as a step in the right direction.

European vacation

Turner noted that airfares to Asian destinations are poised to become more affordable soon.

However, flights to Europe and the United Kingdom will remain costly due to lower capacity on flights to the Middle East, a vital stopover on routes to Europe. He explained that the demand for these flights is outstripping their limited capacity, thus keeping prices elevated.

Rico Merkert, a Professor in Transport at the University of Sydney Business School, concurred that while prices to Asia are decreasing, the constrained capacity to Europe is preventing a similar trend. He suggested that prices would only fall once full capacity is restored, but financial pressures on Australians and rising jet fuel costs could also influence carriers to reduce prices.

Minister King’s recent aviation green paper highlighted the importance of maintaining aviation capacity ahead of demand. She stated that airline capacity had reached approximately 91% of pre-COVID levels, with more flights planned to help drive down prices.

Despite increased capacity, travelers may face high Christmas travel costs, with Turner stating that a return flight to the UK could cost over $3,000 this holiday season.

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.

Published

3 days ago

February 26, 2026

Harvey Vargas

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.

Published

4 days ago

February 25, 2026

Harvey Vargas

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.

Published

5 days ago

February 24, 2026

Harvey Vargas

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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