Five fund managers at some of Australia’s largest investment firms have given their best stock picks for investors looking over the long term. They all manage funds on a pro bono basis for Future Generation Australia, an investment firm that does not charge fees and donates 1 per cent of its assets to not-for-profit partners. Since 2014, the fund has […]
Read morevideo Federal Reserve Bank of San Francisco president reveals ‘direction of policy’ Federal Reserve Bank of San Francisco President and CEO Mary Daly provides insight on the Fed’s response to inflation on ‘Making Money.’ A senior Federal Reserve official said the central bank will need to keep monetary policy sufficiently restrictive for a few years to bring down inflation and […]
Read morevideo Judy Shelton: Economic growth is not inflationary Dan Clifton, head of policy research for Strategas Research Partners, and former Trump economic advisor Judy Shelton on Fed Chair Jay Powell’s recent interview and policy ahead of Biden’s State of the Union address on ‘Kudlow.’ Half of Americans say they are financially worse off now than they were a year ago, […]
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PZ Cussons Plc (PZC.L), a British maker of personal healthcare and consumer products, on Wednesday reported a rise in earnings for the first-half of 2023, reflecting an increase in revenue, driven especially by the contribution of the Childs Farm acquisition, favorable FX, and the impact of additional reporting days in the period. For the six-month period to December 3, 2022, […]
Read morevideo Bank of America still forecasting a 2023 recession: Keith Banks Bank of America Vice Chairman Keith Banks provides his outlook on upcoming earnings and other macroeconomy factors. As markets await big earnings data this week and more commentary from Federal Reserve Chair Jerome Powell, Bank of America Vice Chairman Keith Banks detailed the best way to invest your money […]
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China’s service sector expanded for the first time in five months at the start of the year with the rollback of pandemic related restrictions, survey results from S&P Global showed on Friday. The Caixin services Purchasing Managers’ Index climbed to 52.9 in January from 48.0 in December. The reading was also above economists’ forecast of 51.6. The score exceeded the […]
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The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 28th. The report said initial jobless claims edged down to 183,000, a decrease of 3,000 from the previous week’s unrevised level of 186,000. The dip surprised economists, who had expected jobless claims to climb to […]
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President Xi Jinping’s decision to dismantle COVID travel restrictions is accelerating an exodus by wealthy Chinese, who could fuel billions in capital outflows as they plow cash into property and assets abroad. Since the end of COVID zero in December, many rich Chinese have begun travelling overseas to check out real estate or firm up plans to emigrate, immigration consultants […]
Read morevideo Why are Americans flocking to Florida? Business owner, police officer weigh in FOX Business’ Ashley Webster reports from Clearwater, Florida, where he’s talking to former blue state residents about why they moved south. Florida's economic boom has pushed the Sunshine State above New York in the number of employed workers for the first time. According to data released this […]
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