RBA governor Philip Lowe is not a fan of bitcoin. Bitcoin, and cryptos in general, are proving to be a big headache for central and commercial bankers.
Did you ride the retail euphoria on Tuesday? Investors, thrilled that Amazon’s much publicised Australia launch appeared to fizzle, piled into Aussie retail stocks.
This could be an endorsement for the sweeping changes wrought by bitcoin. Or a sign of how desperate Venezuelan President Nicolas Maduro has become. Likely, it’s both.
After reaching a peak of over US$11,400 on Wednesday, bitcoin plunged to under US$9,100. Roughly a 20% loss in less than 12 hours.
A royal commission into Australia’s banking industry has just been announced by Prime Minister Malcolm Turnbull.
Have you checked out the price of bitcoin today? The once-obscure asset with an even more obscure name is making mainstream headlines across the world.
Wage growth in Australia remains stuck in a rut. And though the official unemployment rate dropped to 5.4% in November, the prospect of higher pay cheques remains elusive.
The US Congress has inched towards passing Donald Trump’s signature tax cuts. The so-called ‘Tax Cuts and Jobs Act’ would slash the US corporate tax rate from 35%, down to 20%.
Are you tired of hearing about Amazon.com yet? Well, take a deep breath. The story isn’t going away.
Facebook has now revealed that more than 120 million Americans may have seen material put onto their site by Russian operatives.
Part of the lie we’re told is that people will delay buying things if they can get them cheaper down the road. But that argument doesn’t hold up when prices simply remain stable.
When it comes taking political correctness to the next level, Australia is not immune. Far from it. But as overly sensitive as Aussies have become, you have to wonder what policymakers have been smoking over in the UK.
When it comes to bullies, North Korea’s unhinged leader, Kim Jong-un, leads the pack. He’s terrorised his entire nation.
No, the $223 billion (US$175 billion) represents the total current value of all cryptocurrencies. There are now over 1,100 cryptos in virtual circulation.
If Australia continues to expand at its current rate, the population will double in just 45 years…to 48 million people. Whether you prefer an urban environment or a rural one, this is clearly unsustainable growth.
In Australia, on the other hand, some of the records we’re setting decidedly fall into the ‘not good’ camp. South Australia for example, now holds the record for the world’s highest power bills in Aussie dollars, per kilowatt hour.
Fear may keep older drivers from receiving the medical treatment they need. And that’s shameful in a nation with some of the best medical care in the world. Let doctors do their jobs. And let VicRoads and other state authorities, do theirs.
What we need is to ensure Australians get their energy at close to cost. And to secure that the government — gasp — should mandate a reserve for domestic consumption.
There’s nothing prescient about predicting who’s likely to gain or lose following a natural disaster. It’s simply a matter of taking a few steps back from the day’s big events. Then thinking about the likely impact they’ll have on various companies down the road.
Tiny stocks — some too small to even make the Small Ordinaries index — can see explosive gains, regardless of wider market conditions. That’s one of the things that makes small-caps so exciting.
Thanks to Andrew ‘Twiggy’ Forrest for putting his full weight behind the nanny state. But increasing prohibition-like tactics on tobacco is not the answer. It may, in fact, lead some younger people to view smoking as ‘cool’ again. Because, after all, it’s illegal!
My reason for throwing the spotlight on gold today — aside from a potential looming crimp in gold supplies — stems from my belief that a shooting war with North Korea is looking increasingly likely. And if so, gold, the go-to safe haven, is likely to take off.
The dangerous rhetoric flying between Washington DC and Pyongyang has reversed gold’s recent downward slide. One clear effect is the spike in the gold price. It’s now up 1.4% since last Thursday.
The calamity in question involves the US entering a shooting war with Kim Jong-un’s regime. Yet it seems investors have firmly decided not to see the threat. In the US, markets even continue to set new record highs.
Who doesn’t love a bargain? When it comes to investing in the stock market, it’s really no different. You want to find stocks that appear discounted. But you don’t want to find yourself selling your shares at an even steeper discount down the road.
Ebullient Chinese consumers should be good news for China’s economy. And that in turn should offer the Aussie economy a boost as well. China, after all, is our largest trading partner. But Australian consumers don’t share that positive sentiment. At least not yet.
Cigarettes are known to cause a variety of illnesses. Just check out one of the ‘plain’ packages they come in, if you’re in doubt. The plain packaging laws were intended to shock smokers into quitting. But that looks to all…
The future of transportation, we are told, is electric. Like the horse and carriage, the combustion engine will be relegated to the history books. And, perhaps, rolled out at local fairs as a novelty ride for the kiddies. In the…
The dispute between North Korea and the West is far from new. But it is heating up…fast. The financial conflict has already been raging for years. And it reached new heights last Saturday. That’s when the UN Security Council slapped…