‘Done deal’: Australians spend their way to another rate rise

Australians have likely just spent their way to a 50 basis point increase in interest rates this month, having gone on a mad splurge at the end of financial year sales in June. The consensus is that there is virtually no escaping a Reserve Bank decision to push rates up by half a percentage point when it delivers its verdict […]

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Toyota recalling thousands of 2022 Tundra vehicles

video ‘No doubt’ supply chain still seeing disruptions, says market expert Telsey Advisory Group CEO and chief research officer Dana Telsey gives a supply chain outlook and provides the best retail stock picks. Toyota is conducting a safety recall of around 46,000 2022 Tundra vehicles in the United States. The Japanese automaker said the vehicles involved in the recall – […]

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Delta reportedly paid passengers $10K to leave oversold flight

video Fox Business Flash top headlines for July 1 Check out what’s clicking on FoxBusiness.com. Delta Air Lines reportedly offered passengers $10,000 to get off an overbooked flight from Michigan to Minnesota, passengers claimed. The airline was said to have offered the money to each passenger who volunteered to disembark the aircraft Monday morning. Inc. magazine tech columnist Jason Aten wrote that […]

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China Manufacturing Sector Rebounds In June

China’s manufacturing sector rebounded in June as the easing of the pandemic related containment measures boosted production and orders, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers’ Index rose to 51.7 in June from 48.1 in May. A score above 50.0 indicates expansion. Although the pace of growth was moderate overall, manufacturing activity expanded at […]

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Only 183 Days Until the Recession

The National Bureau of Economic Research (NBER) officially determines whether the U.S. economy is in a recession. The organization’s definition of a recession is “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” This can be determined only by looking […]

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FBI adds ‘Cryptoqueen’ to Ten Most Wanted list

video Crypto expert on importance of industry regulation Domain Money founder and CEO Adam Dell weighs in, arguing that while crypto returns ‘can be spectacular, there is risk associated with that.’ Ruja Ignatova, a Bulgarian woman dubbed the "cryptoqueen," has been added to the FBI’s Ten Most Wanted Fugitives list after allegedly defrauding billions from investors.  The Bureau says Ignatova, […]

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McDonald’s Texas restaurants donate $250K to Uvalde community after mass shooting

video These were all the failures in the Uvalde shooting: Former FBI investigator Former FBI investigator Bill Daly joins ‘Kennedy’ to discuss the latest developments in the shooting at Robb Elementary.  More than 1,000 McDonald’s locations across Texas managed to raise $250,000 for the Uvalde community after last month’s horrific mass shooting at an elementary school.  Last Thursday, participating locations […]

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Fed needs to 'act decisively to kill inflation': Bill Ackman

video Inflation will trickle ‘well into 2023’: Michael Kantrowitz Piper Sandler chief investment strategist Michael Kantrowitz weighs in on the economy ahead of the GDP update on ‘Mornings with Maria.’  Pershing Square Capital Management CEO Bill Ackman is calling on the Federal Reserve to take more aggressive action to tame scorching-hot inflation in order to restore consumer confidence.  "Business is […]

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Home prices show signs of moderating in April: Case-Shiller

video FOX Business Flash top headlines for June 28 Check out what’s clicking on FoxBusiness.com. Home prices surged 20.4% annually in April, according to S&P CoreLogic's Case-Shiller national home price index.  The figure marks a slight deceleration from March's 20.6% increase. Meanwhile, the 10-city composite index jumped 19.7% on an annual basis, up from 19.5% in the previous month, and […]

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Home ownership falls, mortgage stress rises in Sydney, census reveals

The rate of home ownership in Sydney has fallen and the share of home borrowers under financial pressure has more than doubled during the past five years despite a sustained period of record low-interest rates. The rate of homeownership in Sydney has fallen the 2021 census shows.Credit:Peter Rae The 2021 census released on Tuesday showed 61.1 per cent of homes […]

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