Capital Brief — Business news and politics for the new economy
WEBCapital 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 …
US Fed’s Powell signals gradual cuts to keep economy strong
WEB1 day ago · The news: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. The numbers: The Fed cut rates by half a percentage point in September, the first cut since 2020, as it started its easing cycle.
Retail rebound raises rate risk as economists scrutinise cash splash
WEB11 hours ago · Economists, who were on average expecting an 0.4% lift in retail turnover for August, were surprised by a 0.7% uptick, according to data released by the Australian Bureau of Statistics on Tuesday. July’s figures were also revised up to 0.1%, from an initially flat result. Among those questioning the suggestion that …
Dow ends week at record high after tame inflation report
WEB2 days ago · The news: The blue-chip Dow Jones Industrial Average closed at a record high on Friday as a subdued US inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve's November policy meeting. The numbers: Among the main indices: Dow Jones rose 0.33% to a fresh high of 42,313, …
Fresh house prices data set to shake up negative gearing debate
WEB2 days 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
WEB5 days ago · Star Entertainment reports $1.7b FY loss. Business news including Wong calls for Palestinian recognition roadmap as US and Israel spar over peace deal, Eyes on the prize, Shigeru Ishiba to become Japan’s next PM.
Finance and markets — Capital Brief
WEBThe 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.
S&P 500 at fresh high on robust data, Micron gains
WEB5 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%.
Nvidia details US$50b buyback and revenue jumps 122%, but …
WEBAug 28, 2024 · The news: Nvidia's reported a revenue of US$30 billion ($44 billion) for the three months ending July 28. It's a number that beat analysts' high expectations of US$28.8 billion, and which represents a 122% rise from the same quarter last year. The company also announced its board earlier this week approved a US$50 billion stock buyback.
Technology and startups - Capital Brief
WEBThe most transformational developments in payments, which will reshape financial services, are real time account-to-account payments and open banking, according to Capgemini. The latest technology news from Capital Brief, including artificial intelligence (AI), big tech, consumer tech, cybersecurity, enterprise tech, venture capital and startup ...