Investors continue to pour money into Australian exchange-traded funds (ETFs), despite a $12-billion decline in their value over the first half of the year, thanks to falling global sharemarkets. At the end of June, total funds under management for the Australian ETF industry were $124.3 billion, down 9 per cent from the same period a year earlier. However, net inflows […]
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China’s economy is flatlining under the weight of its harsh response to COVID outbreaks. Without major fiscal and monetary stimulus it will be near-impossible for the economy to meet Beijing’s growth target for this year. The June quarter GDP data released on Friday showed an economy growing at a meagre 0.4 per cent, down from the 4.8 per cent recorded […]
Read morevideo Fed needs to quickly respond to hot inflation data: Strategist Federated Hermes chief equity strategist Phil Orlando and Sarge986 president Stephen Guilfoyle discuss how many more rate hikes it will take to slow inflation on ‘The Claman Countdown.’ Citigroup economists now expect the Federal Reserve to approve a historic, 100-basis point interest rate hike when policymakers meet at the […]
Read morevideo FOX Business Flash top headlines for July 14 Check out what’s clicking on FoxBusiness.com. U.S. mortgage rates are up again after two straight weeks of declines, as the cost of homeownership continues to price would-be buyers out of the housing market. That's causing some potential buyers to back out of deals, lessening competition and increasing the number of homes […]
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Singapore’s central bank tightened its monetary policy for the third time this year to avoid inflationary pressures becoming more persistent. The Monetary Authority of Singapore on Thursday decided to re-centre the mid-point of the S$NEER policy band up to its prevailing level. There will be no change to the slope and width of the band. This policy move, building on […]
Read morevideo Inflation has already done its damage to Wall Street: Expert Hodges Funds portfolio manager Craig Hodges discusses if Wall Street is rooting for recession on ‘Making Money.’ Economists are searching for evidence that inflation has finally peaked, but they are unlikely to find much good news in the newest consumer price index report out on Wednesday, which is expected […]
Read morevideo Consumer recession will happen soon: Former Toys ‘R’ Us CEO Former Toys ‘R’ Us CEO Gerald Storch warns of a looming recession amid consumer slowdowns and high inflation. Microsoft has laid off a "small number" of employees on Monday as part of a "strategic alignment." "Like all companies, we evaluate our business on a regular basis," a Microsoft spokesperson […]
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As cryptocurrencies weather one of their worst bear markets in recent history, Sydney technology worker Ben Kennedy is using ethereum to pay for his lunch. The transaction – some sushi rolls costing about $10 – was far from the first time the Ultimo startup founder has used his crypto investments to pay for everyday items, with other recent purchases including […]
Read morevideo Russian economy in bad shape despite a strong ruble: Bob Hormats Kissinger Associates vice chairman reacts to Biden blaming Russia for rising inflation and gas prices on ‘The Claman Countdown.’ Germany is hunkering down for the possibility of Russia cutting off natural gas supplies, and some cities are preparing for the scenario that hot water for private households will […]
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