Economists warn lagging investment by Australian businesses in research and development and in capital such as new equipment is contributing to the country’s plunge in global productivity rankings. Analysis of data from the Organisation for Economic Co-operation and Development shows Australia’s productivity growth since the pandemic is ranked second-last among… Read More »Australia is better only than Mexico on this economic ranking
The Australian sharemarket is set to edge higher ahead of the Reserve Bank of Australia’s cash rate decision as investors await governor Michele Bullock’s remarks in her post-meeting press conference for clues about the direction of the economy. Futures indicate that the S&P/ASX 200 Index is set to open up… Read More »ASX to rise; CSL appoints new chief financial officer
Stock futures are little changed as investors look to close out an unusually strong September by building on Monday’s momentum, despite the threat of a potential U.S. government shutdown this week. Futures tied to the Dow Jones Industrial Average fell 18 points, or 0.04%. S&P futures slipped less than 0.1%, while Nasdaq 100 futures fell… Read More »Stock futures are little changed as investors look to end month on an upbeat note: Live updates
Warren Buffett’s one-time favorite yardstick for stock market valuations has climbed to an all-time high, reviving fears that investors are once again testing the limits of market exuberance. The gauge, dubbed as the Buffett indicator, measures the total value of publicly traded U.S. stocks (Wilshire 5000 index) against the nation’s… Read More »‘Buffett Indicator’ for stock valuation passes 200%, beyond level he once said is ‘playing with fire’
Equities have pushed to fresh all-time highs as momentum carries the market into the final months of the year. The Federal Reserve has confirmed its dovish pivot, the US dollar has resumed its decline and volatility remains subdued. Credit spreads are also tightening, bond yields are falling, and risk appetite is… Read More »What bubble? Why the equity market still has room to run
Not long ago, having investment banking co-heads was seen as the most vicious of corporate hunger games: make ambitious rainmakers try to fit two big egos into the one job, and stand back and watch to see who comes out on top. But investment banking has changed. Teams are smaller,… Read More »Two heads better than one in the new investment banking war
When Reserve Bank of Australia governor Michele Bullock fronts the media this week to answer questions about the central bank’s interest rate decision, strategists expect her communication to be less definitive. The shift in the RBA’s messaging will likely signal that rate cuts may be further off than traders had anticipated.… Read More »ASX to rise; Synlait inks $271m sale; health stocks in focus
Stock futures were little changed in overnight trading Sunday following a losing week on Wall Street with the AI trade losing steam. Futures tied to the Dow Jones Industrial Average edged up 17 points. S&P 500 futures and Nasdaq 100 futures were both flat. U.S. stocks slipped last week as… Read More »Stock futures are flat in overnight trading following a losing week: Live updates
Costco on Thursday posted fiscal fourth-quarter earnings and revenue that topped analyst estimates as the warehouse club posted double-digit gains in both membership income and its e-commerce business. The warehouse club does not share an annual outlook with Wall Street. It will hold an earnings call at 5 p.m. ET. Source:… Read More »Costco tops earnings, revenue estimates as warehouse club wins over younger members
Christine McLoughlin, who retired as chairman of Suncorp after the company’s annual shareholder meeting on Thursday, says the insurance industry and the broader economy face a challenging and uncertain climate future that will require a collaborative response across all parts of society. The government’s National Climate Risk Assessment, published last… Read More »Suncorp’s outgoing chairman delivers parting shot on climate action