$100 billion has been wiped off the S&P/ASX 200 in a single session and there are fears the losses will continue. It’s the second consecutive sell-off, with losses were spread across all sectors, but technology, financial, energy and real estate shares were hardest hit. Bitcoin also plunged. Wilson Asset Management’s Lead investment mix Manager, Matthew … Read more
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Federal Reserve Chairman Jerome Powell speaks at the Washington Forum on the Canadian economy in Washington, DC, in a moderated discussion with Tiff Macklem, Governor of the Bank of Canada. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC … Read more
When central banks raise finance charge rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why. 00:00 – Why should you care about rising finance charge rates? 00:45 – What are finance charge … Read more