The Australian economy experienced a significant slowdown in the first quarter of the year, primarily due to high borrowing costs and persistent inflation. This led to a decrease in consumer spending, despite the unlikely prospect of interest rate relief in the near future.
Analysis-Macau casinos play best hands to win over premium customers
In Macau, a shift in customer demographics has resulted in smaller casino operators MGM China and Wynn Macau experiencing success, while larger rivals Sands China and Galaxy Entertainment are playing catch-up.
Google cuts at least 100 jobs across its cloud unit, CNBC reports
According to CNBC, Google’s cloud unit, owned by Alphabet, is cutting at least 100 employees from various teams. The affected roles include sales, operations, engineering, consulting, and “go to market” strategy.
Dollar wallows at multi-month lows as Fed cut bets grow
The US dollar remained weak against the euro and sterling on Tuesday, hitting its lowest level since April. This was due to indications of a weakening US economy, which further supported the argument for earlier interest rate cuts by the Federal Reserve.
US senator urges FAA to ensure accountability in Boeing quality plan
A U.S. senator responsible for aviation matters is calling on the head of the Federal Aviation Administration (FAA) to ensure transparency and accountability in Boeing’s efforts to improve quality.
BHP Faces a Test of Patience After $49 Billion Anglo Bid Falters
Following BHP Group’s unsuccessful attempt to acquire Anglo American Plc for $49 billion, investors are advising Chief Executive Mike Henry to remain composed. BHP believes that their restraint in the Anglo takeover is commendable,
Asian Shares Fall After Weak US Manufacturing Data: Markets Wrap
Asian stocks fell as concerns about the US economy overshadowed hopes for early Federal Reserve policy easing. Shares in Japan and South Korea declined, while those in Hong Kong and mainland China experienced fluctuations. US equities futures remained stable.
In Asia, Treasury yields stabilized after a rise on Monday triggered by d
S&P 500 Valuations Are Nuts. Why People Are Still Buying.
he stock market has seen a significant shift in investor behavior over the past six months. Previously, an average investor like Joe would have been content paying $5 for a dollar of the S&P 500’s future profits.