At 4pm today the final report of the Banking Royal Commission will be released. The commission’s conclusions and recommendations are likely to have far-reaching consequences for Australia’s financial industry.While we wait, let’s look at some key areas.
For years the banks acted as if they were invincible, untouchable. They now claim they know they’re not above the law, but prior to the Hayne Royal Commission, you’d be led to believe that that’s exactly what they thought.
The Wall Street Journal reported on Thursday that US Treasury Secretary Steven Mnuchin is the one who put forth the idea of lifting some or all tariffs on Chinese imports, and even a tariff rollback, while trade discussions are held this month.
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What happened to gold’s safe haven status? In short, it’s because of US interest rates. Gold isn’t going to be a safe haven while inflation remains low and the Fed is on a tightening path.
Aussie stocks had another poor day yesterday, with the ASX 200 falling 0.8%. Commodities were the main drag on the index, thanks to the ongoing plunge in oil prices and now, the iron ore price as well. BHP and Rio Tinto both fell around 3.5%.
From 2012 into recently, we’ve seen the greatest net worth bubble ever! It’s reached a staggering 524% of GDP…we’re rich!
As you know from the royal commission into bad banking behaviour, the banks are now clamping down on irresponsible lending. That’s leading to lower credit growth.
If you’ve been doing any driving of late, you’ll have noticed an unwelcome sting. Petrol is closing in on a record-setting AU$1.70 a litre. That’s partly due to the currently weak Aussie dollar and partly due to the artificially elevated oil price.
Arguments first began back in 2013, when Mr Wilson, a self-styled crypto anarchist, showed off the world’s first 3D-printed gun. Files showing how to replicate the process became immediately available on the Defense Distributed website, where it was downloaded hundreds of thousands of times.
Facebook has not been quiet with their push to gain access to users’ banking data and other sensitive financial information.
A judge has called a mother of two ‘greedy’ in court, after she stole over $300,000 from her ANZ firm dating from 2014–2016. The 44-year-old was already on a $200,000 a year contract, with her household annual income being over $500,000.
While the markets are looking complacent, they could easily crash if a war were to break out. How would gold play into this, as the ‘safety’ commodity?
People are plenty happy to invest and consume if the dollar in their pocket today would be worth the same next year…instead of less.
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.
Bitcoin and cryptocurrencies have seen a surge in investors, and subsequently price in 2017. Now, as 2017 comes to a close, bitcoin has one more trick up its sleeve.
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.
Cameron and Tyler Winklevoss, the twins who claimed that Mark Zuckerberg stole their idea for Facebook, are the first bitcoin billionaires.
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.
While it certainly seems like there’s more gas in Bitcoin’s tank, this rise can’t be sustainable.
Could this latest news be bitcoin’s final undoing? A Motherboard article has exposed the outrageous electrical bill the currency has racked up.
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.
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.