Capital Brief — Business news and politics for the new economy
WEBBut it is not immune to stresses in the sector. Andrew Cornell. Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in the federal capital, Canberra.
Finance and markets — Capital Brief
WEB3 days ago · ASX breaks seven-day winning streak as supermarkets drag. The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Fresh house prices data set to shake up negative gearing debate
WEB14 hours ago · AAP Image/Dean Lewins. New data on home prices, consumer spending and the federal budget are set to capture the spotlight this week on the heels of a debate over potential changes to negative gearing and the Reserve Bank's unsurprising decision to leave rates on hold. Here’s what you need to know about the …
Latest — Capital Brief
WEB4 days ago · 26 September 2024. Next page. Business news including ERA capital raise in limbo as shareholders appeal Takeover Panel decision, Platinum status, ASX gains as it breaks three-day losing streak.
S&P 500 at fresh high on robust data, Micron gains
WEB3 days ago · The news: The S&P 500 scored a record closing high and the Dow and Nasdaq rose as Micron Technology shares rallied and robust US economic data eased labour market concerns. The numbers: Among the main indices: Dow Jones rose 0.62%, the S&P 500 lifted 0.40% to a fresh closing high of 5,745.37, and Nasdaq gained 0.60%. Seven of the 11 S&P 500 sectors climbed, led by materials, which rose 1.97%.
Revised US GDP shows robust pandemic bounce back
WEB3 days ago · The news: The US economy grew more strongly than estimated in recent years, with consumer spending driving much of the gains, according to revised data in an annual update from the Bureau of Economic Analysis (BEA). The numbers: Second-quarter GDP increased at a previously estimated annualised 3.0% rate, while first-quarter growth was revised upwards to 1.6%, up from 1.4%.
Markets — Capital Brief
WEBSep 20, 2024 · The trading quirk fundies are exploiting to profit from CBA's gravity-defying rise. WAM's Matthew Haupt says he has "never seen anything like this before", with CBA shares exhibiting an unusual pattern almost every trading session. Jack Derwin · 17 September 2024. Briefing Document deluge.
Analysts see US Fed focused on soft landing — Capital Brief
WEBSep 19, 2024 · The news: Economists and analysts expect the Federal Reserve to continue rate cuts through next year as it focuses on a soft landing for the US economy, which could boost risk assets further. The numbers: The Federal Reserve overnight cut interest rates by 50 basis points (bps) to 4.75% to 5.0% — a larger-than-usual reduction that is expected to kick off a steady easing of monetary policy.
Budget surplus surged to $22 billion last year — Capital Brief
WEBSep 21, 2023 · The news: The federal government landed a much bigger-than-estimated budget surplus last financial year on the back of high commodity prices and robust jobs growth. The numbers: The budget surplus for the 2022/23 financial year rose to $22.1 billion, according to the government’s final budget outcome released on Friday. The figure is well above the slender $4.3 billion surplus forecast in ...
Housing costs lift US inflation, cap Fed cut expectations
WEBSep 11, 2024 · The news: US inflation showed mixed results in August, with core CPI rising 0.3% from July, the highest in four months, driven by higher shelter and service costs. Core CPI excludes food and energy. The numbers: On a year-on-year basis, it rose 3.2%. Overall, CPI increased 0.2%, in line with forecasts, advancing 2.5% year-on-year, its smallest rise since early 2021.
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