Shares drop; Woolworths CEO threatened with jail at hearing; Macmahon buys Decmil; Imugene sells US facility; Suncorp, Vicinity seek funds; $A slumps. Follow updates here.
Over the next week, six major banks will be reporting their earnings. Higher interest rates could affect both sides of their balance sheets.
The Fed’s view that recent high readings of inflation were part of a bumpy trip back to 2% inflation needs to be revisited. After another poor inflation number, rate cuts are on ice indefinitely, with the probability the Fed won’t be able to cut in 2024 at all rising significantly.
(Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer.
The General examined EPA data to see which car manufacturers had the highest overall fuel economy in 2023 and how it's changed over time.
TSMC's CEO recently stated that microchips produced outside of Taiwan, including those in the US, will incur higher manufacturing costs. The Taiwanese foundry is currently expanding its production capacity globally, but this move will necessitate a revised pricing strategy to align with shareholder interests.Read Entire Article
ERBIL, Kurdistan Region - Iraqi militias affiliated with Iran on Friday
Biden Education Secretary Threatens to Shut Down Largest Christian College In The US Authored by Eric Lundrum via American Greatness, Joe Biden’s Secretary of Education, Miguel Cardona, threatened during a congressional hearing to weaponize the Department of Education to target and shut down the largest Christian university in the United States. As Fox News reports, Cardona made his threats during a hearing before the House Appropriations Committee, in response to a question by...
Supreme court ruling left more than 90% of state’s surface waters with no pollution protections, since they don’t run continuouslyNew Mexico’s rivers, which include the Rio Grande, Gila, San Juan and Pecos, are America’s most threatened waterways, according to a new report. This is largely due to a 2023 US supreme court decision that left more than 90% of the state’s surface waters without federal protections from industrial pollution, according to state officials.“Virtually all the rivers in...
"I Cannot Afford To Live": Americans Get Emotional As The US Economy Goes Off The Rails Authored by Michael Snyder via The Economic Collapse blog, As we approach what is likely to be the most chaotic presidential election in U.S. history, troubling signs are starting to erupt for the U.S. economy. In fact, CNN is actually admitting that “the long-predicted storm clouds in the economy may actually be forming”. I can’t remember the last time that I saw a CNN article with a headline...
Louisiana’s lawmakers are working tirelessly to write our comeback story and revive our economy. Meanwhile, the Biden administration’s January decision to hit pause on liquefied natural gas (LNG) export projects has been a major setback for our state’s economy and job market. The administration claims the pause would allow the government to take a step back and have a “hard look” at the impact of LNG on our economy and environment. But Louisiana families know the impact of a...
A storm system making its way across the Central U.S. is threatening the region with severe weather including floods, hail and possible tornadoes.