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Economy
Retail earnings ahead, Nvidia CEO on U.S. chip controls - what’s moving markets
May 21, 2025 07:01 PM AEST| By InvestingInvesting.com - U.S. stock futures dropped on Wednesday, after a modest uptick in Treasury yields weighed on stocks in the previous session. Markets are looking ahead to fresh retail earnings, with in
What did DOGE do this week? No new DoD cuts
May 20, 2025 10:55 PM AEST| By InvestingInvesting.com -- Bank of America said there were no new Department of Defense (DoD) contract cancellations this week, as the Department of Government Efficiency (DOGE) held steady in its review of fed
Fed to cut in September, December, Macquarie says, amid fresh recession jitters
August 02, 2024 05:54 AM AEST| By InvestingInvesting.com -- The Federal Reserve is widely expected to deliver its first rate cut next month and followed it up by cutting again in December to ensure the economy remains on track for a soft landi
Brookfield Business Partners inks deal to sell Westinghouse; check details
October 13, 2022 12:56 PM AEDT| By Team Kalkine MediaBrookfield Business Partners has announced to sell its nuclear technology services operation, Westinghouse Electric Company.
How is the red-hot inflation hurting the common man?
July 18, 2022 02:28 AM AEST| By Mridul GogoiInflation hits the common man hard. People are getting poorer dealing with this fastest inflation.
US June CPI climbs to 9.1%, highest level since 1981
July 14, 2022 12:56 AM AEST| By Rupam RoyThe US inflation accelerated at its highest pace in around 41 years, increasing 9.1% on an annual basis.
What's stoking Australia's workforce crisis in retail space?
July 09, 2022 11:00 AM AEST| By Toshiva JainHighlights,Australia has been witnessing a consistent rise in labour shortage for the past three months.,The Australian Retailers Association has urged the government to intervene to help the retail sector runners recover from the current crisis.,It...
US jobless claims soar as labor demand wanes
July 08, 2022 01:23 AM AEST| By Mridul GogoiUS jobless claims increase last week
How are rising interest rates affecting mortgages?
July 07, 2022 12:54 PM AEST| By Toshiva JainHighlights,Inflation is expected to rise higher than expected earlier, as a result of which interest rates are likely to increase at a higher and faster pace in upcoming months.,Housing prices in some states have fallen in the last couple of months....
How Australia plans to unlock value from mining waste
July 02, 2022 12:00 AM AEST| By Nitish KumarHighlights,Billions of tonnes of mining waste called tailings are generated by the mining industry every year.,According to research, tailing materials could contain valuable minerals, including critical minerals.,Instead of developing new mines, min...
US first-quarter GDP revised down to 1.6%
June 30, 2022 04:32 AM AEST| By Mridul GogoiAccording to government data published on Wednesday, the US economy contracted more than estimated.
China’s CATL to give TSLA a run for money with long-range EV battery
June 24, 2022 03:54 AM AEST| By Mridul Gogoi(CATL), the biggest electric-car battery maker in the world has developed a new EV battery with a range of 1,000 km on a single charge.
Strong US dollar spurs global currency war to curb inflation
June 24, 2022 12:47 AM AEST| By Mridul GogoiGlobal race to boost individual currencies to combat inflation will unleash a mayhem in world economy.
Powell hints at possible recession as soft landing is 'challenging'
June 23, 2022 05:45 AM AEST| By Mridul GogoiHighlights,:,Fed Reserve chair Jerome Powell said a recession is a probability as a soft landing is difficult.,The Central Bank chair said steep rate hikes are justified to rein in inflation.,Similar rate hikes of up to 75 basis points likely in July...
How can house price fall impact new property investors?
June 19, 2022 12:10 AM AEST| By Akanksha VashishtVolatility has returned in the Australian property market as rising interest rates take a toll on mortgage holders. The Reserve Bank of Australia (RBA) has raised the interest rates for the second consecutive month, taking the official cash rate to.....
How Fed interest rate hikes impact Australia?
June 18, 2022 12:25 AM AEST| By Akanksha VashishtIt is a known fact that developments in the United States (US) quickly travel across the globe and show an impact. The interest rate hikes by the US Federal Reserve (Fed) are no different as they have shown a significant impact on economies worldwi.....
Preschool fees to be slashed by NSW government
June 18, 2022 12:10 AM AEST| By Toshiva JainHighlights The NSW government will spend AU$1.4 billion over four years to help parents slash preschool fees up to AU$4,000 per year for each child. Funds will be provided for children in the age group 3-5-year-olds attending community or mobil.....
Recession fears stalk US markets: How worried should Australia be?
June 17, 2022 06:26 PM AEST| By Akanksha VashishtHighlights The possibility of the US economy going into recession has hit international markets, including Australia. Inflationary pressures and rapid interest rate hikes can potentially cause a drop in consumer and investor sentiment. Austral.....
Tesla cars to become costlier in US as inflation stings
June 17, 2022 05:36 AM AEST| By Mridul GogoiLeading electric vehicle manufacturer Tesla Inc. (Nasdaq: TSLA) has once again increased prices for all its car models in the US as a fallout of the ongoing global supply-chain woes and surging raw material costs. Tesla raised the price of its Mod.....
BoE raises interest rates to 1.25%: How will it affect UK inflation?
June 16, 2022 11:02 PM AEST| By Abhishek SharmaHighlights The Bank of England on Thursday announced the fifth consecutive hike in interest rates. The central bank was under pressure to take aggressive steps after the US Federal Reserve announced a 0.75 percentage point hike in the benchmark.....
