Wall Street is reacting to a better-than-expected labor sector reading this morning. The US economy added 254,000 jobs in September, coming in significantly above the 150,000 expected by economists. Meanwhile, the unemployment rate ticked slightly lower to 4.1%, coming in below the 4.2% expected by economists. Citi senior global economist Robert Sockin and Academy Securities … Read more
The International Longshoremen’s Association (ILA) strike has entered its second day, impacting ports along the East and Gulf Coasts and causing significant ripple effects across multiple industries. top executive and president of the American Trucking Associations, Chris Spear, joins to discuss the situation and its impact on the trucking sector. Spear notes that although the … Read more
While the government fended off questions about whether it commissioned a review into negative gearing, a Senate inquiry into home ownership turned its attention to the home loan serviceability buffer, looking at whether the current setting is too stringent and is unnecessarily locking people out of homeownership. The banks at the inquiry have expressed diverging … Read more
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Amid reports that Qualcomm (QCOM) approached Intel (INTC) about a possible takeover, Futurum Group chief sector strategist Cory Johnson sits down with Josh Lipton and Julie Hyman on sector Domination to take a closer look at what a potential acquisition would mean for the two chip companies. “This would be the biggest deal in the … Read more
Watch company Live as: 🔵 Whitehall is on alert as construction group ISG heads for collapse 🔵 National debt at 100% of GDP for first time since 1960s 🔵 Consumer confidence slumps following warnings of ‘tough choices’ in financial plan ahead Tap the ‘Notify me’ bell button to be reminded when the show goes live … Read more
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In the past year, the price of beans has increased by 56 per cent, hitting a 13-year high of $US2.60 per pound. Joe Taweel from the Australian Coffee Traders Association, says the sector is facing a multitude of challenges. The world’s largest arabica bean producer Brazil is going through the driest season since 1981 with … Read more