Giving early access to superannuation makes sense but there is a price to pay in the long term, says a Wall Street student of Australia’s super system.May 22, 2020 – 7.53amWashington | Tony James, vice chairman of Wall Street private equity giant Blackstone and a Joe Biden donor, has questioned Australia’s decision to give early…
May 13, 2020 – 6.27amWashington | America could suffer even greater “suffering and death” and hamper its economic recovery if some states reopen for business prematurely, said America’s top infectious disease expert, Anthony Fauci.In a closely watched hearing before a Senate health committee on Tuesday (Wednesday AEST), Dr Fauci and other health officials issued a…
May 7, 2020 – 5.30amAustralian shares are poised to open lower. Wall Street fluctuated through the session before the Dow and S&P 500 were hit by a late selling wave. The local currency slid below US64¢.ASX futures were down down 57 points or 1.1% to 5339 near 6.15am AEST. The currency slid 0.5%.Wall Street struggled…
May 6, 2020 – 5.30amWashington| Donald Trump has put Americans on notice; hiding from the pandemic is no longer an option.”We did everything right, but now it’s time to go back to work,” Mr Trump said before departing the White House to tour a mask-making factory in Arizona on Tuesday (Wednesday AEST), hours after an…
May 5, 2020 – 5.57amWashington | Here comes Washington’s debt tsunami.US government says it plans to borrow a record $US2.999 trillion ($4.66 trillion) in the three months through June, topping that off with an additional $US677 billion in the subsequent quarter.Treasury Secretary Steven Mnuchin is tapping US and global debt markets like never before.The June…
Dow Jones futures declined by as much as 362 points Sunday night. Berkshire Hathaway’s annual shareholder meeting has cast a dark shadow over the equities market. Meanwhile, U.S. corporate earnings are heading for their biggest decline since the financial crisis. Futures on the Dow and broader U.S. stock market declined sharply Sunday evening, setting the stage…
May 4, 2020 – 5.37amAustralian shares are set to open lower as the Trump administration looks for ways to punish China – perhaps with tariffs – for the COVID-19 pandemic as the number of Americans killed by the virus nears 70,000.ASX futures are pointing to a slightly lower open; they are down 7 points or…
The coronavirus allegedly leaked from a Chinese lab, and that would mean that the Chinese Communist Party is directly responsible for this pandemic. Trump and other world leaders may hold China accountable through tariffs and other economic penalties. But while China fully deserves to be punished, Trump’s retaliation will crash the stock market and send…
Right NowFutures for the S&P 500 were down more than 2 percent.Wall Street is set to tumble as tech stocks take a hit.U.S. stock futures fell on Friday as investors reeled from earnings reports by Apple and Amazon that showed the depth of the coronavirus impact on big business.Futures for the S&P 500 were down…
Right NowThe S&P 500 fell more than 1 percent.Stocks dip as jobless claims rack up.U.S. stocks followed European markets lower on Thursday as investors considered data revealing a sharp contraction in the eurozone economy and another surge of jobless claims in the United States.The S&P 500 was down more than 1 percent in early trading.…