Finance News
What a fortnight it has been in the global banking space. It has certainly consumed each night on Money News. Credit Suisse has retained the title of world’s biggest banking basket case over the weekend, with a situation that at the time of writing looks to be resolved. In a deal worth $US3 billion,…
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Yesterday the RBA released the minutes from its February meeting which revealed the RBA Board was seriously thinking about a 0.5% rates increase. Their argument was to combat the inflation challenges we are facing and explained that wages data exceeding expectations, as well as a risk that high prices "in the cost of living" would persist. These, amongst others, were all…
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What a month January was for shares! The S&P 500 was up 5.5% in the first four weeks of the year, while the Dow Jones Industrial Average advanced 2%. Tech stocks had their best performance in decades with the Nasdaq Composite up 9.2% on the month, its best January performance since it notched a 12.2% gain in 2001. The…
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Are you a director of an Australian entity? If you are, or you’re not sure, keep reading. There are all kinds of directors in Australia. The obvious ones are directors of companies or trusts, but there are others as well. You could be a director if you run a charity, look after your local footy club, or…
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We’ve all heard by now that the RBA lifted interest rates again yesterday, this time by 0.25%, and I expect they’ll do the same again in December. We can see that the economy’s gears are starting to slow down, with property prices cooling and early signs that inflation might be calming down a bit…
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With the constant fluctuations in markets and the economy in recent times, there’s never been a starker reminder of how big a problem financial literacy is in our community – or rather, financial illiteracy. From recent conversations I’ve had, it’s pretty clear a large percentage of people really struggle to understand what rising inflation…
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2022 has been a pretty extraordinary year when it comes to volatility and uncertainty. We’ve seen inflation ballooning, interest rates rising, the cost of living increasing, geopolitical concerns, share and property markets falling, and now the big “R” is looming: recession. Investors are nervous about US Federal Reserve Chairman Jerome Powell’s upcoming speech…
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With a week till June 30 a lot of the conversations we’re having with clients right now are about tax deductions, and what you’re entitled to claim back from the tax man. With tax deductions, every little bit counts. Prepaying your expenses can bring forward your tax deductions so you don’t need to wait another…
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