News
Will Melbourne, Australia end lockdown 4.0?
Freedom is in sight for the people of Melbourne
Melbourne and Australia’s second populous state of Victoria is on track to end a fourth lockdown this Friday.
The city entered its fourth hard lockdown, following mystery cases discovered with the Delta variant of COVID-19.
Authorities say the outbreak may have been caused by a hotel quarantine breach, with genomic testing revealing that the strain has an ‘identical match’ to a man who entered hotel quarantine a month ago.
Melbourne businesses are now crossing their figures as they await the news of restrictions easing. Many of them have been ordered to close when the city entered lockdown 4.0 almost two weeks ago.
Victoria has recorded today recorded two new local cases of COVID-19 renewing hopes lockdown will end as planned on Thursday at 11.59pm.
The Department of Health confirmed the two cases were linked to current outbreaks.
Testing clinic in Melbourne / Image AFP
Melbourne and regional Victoria were “on track” to ease restrictions later this week, despite the emergence of the Delta cluster, Acting Premier James Merlino revealed during a press conference.
Melbourne businesses are again facing financial stress as the entire state swells through a fourth COVID-19 lockdown, caused by yet another outbreak.
Government support packages criticised by industry leaders
Throughout the fourth lockdown, industry leaders however have slammed the government for not only their response to the developing cluster, but also the “embarrassing” package offered to those having by a thread during this fourth lockdown.
Chrissie Maus, the General Manager of the Chapel Street Precinct has criticised the Governments response, and says businesses are calling the support offered to them “the nothing package”
Maus told Ticker News host Holly Stearnes that many organisations have lost “much more than a couple of grand”. She detailed that in one night alone, restaurants within her hospitality precinct are losing around $40,000, and the amount “goes up” on weekends.
News
Big Tech earnings spark investor unease over AI spending
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.
Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.
Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
News
Federal Reserve holds interest rates amid economic uncertainty
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.
The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.
Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.
Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#FederalReserve #InterestRates #Economy
News
Trump warns Iran as U.S. naval forces approach amid rising tensions
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.
U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.
Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.
The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.
#Trump #Iran #USForeignPolicy
-
Ticker Views4 days ago
How Iran is powering Russia’s next generation drone war
-
News3 days ago
Big Tech earnings spark investor unease over AI spending
-
Crypto4 days ago
White House holds talks with crypto and banking executives on new rules
-
Ticker Views4 days ago
Australia inflation, USD volatility and Fed dissent explained
-
Money3 days ago
U.S. dollar weakens while Australian dollar rises amid global market shifts
-
News4 days ago
Federal Reserve holds interest rates amid economic uncertainty
-
News4 days ago
Trump warns Iran as U.S. naval forces approach amid rising tensions
-
Ticker Views5 days ago
Landmark trial targets Meta, TikTok and YouTube over youth mental health
