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I think we need the weekend to recover from the barrage of information we’ve received this week about the economy and Government stimulus. It has been overwhelming and some of the numbers are downright scary. But, keep it in perspective. Before I get into some of the detail can I make some big picture comments… Read more »
Provider of professional digital audio solutions, Audinate, is in a trading halt after announcing a $40 million capital raise to accelerate growth and pursue potential M&A. This consists of a $28 million insto placement and $12 million SPP. We asked experts on The Call, Rudi Filapek-Vandyck from FNArena and Claude Walker from A Rich Life to… Read more »
Australia’s unemployment rate is predicted to hit 9.25% in the December quarter this year as the shockwaves from the Covid-19 pandemic continue to hit the national economy, Treasurer Josh Frydenberg said in updating the government’s budget figure In the Economic and Fiscal Update released today, the Treasurer said 700,000 jobs had been saved as a… Read more »
It’s certainly shaping up to be an interesting earnings season with companies struggling to get an accurate gauge on earnings in the wake of the pandemic. Investment Director, Small Caps at IFM Investors, Melinda White, says 157 companies withdrew guidance during the peak of the lockdowns, with 123 of them in the small-cap space. She… Read more »
A big tick of approval from IMF for Australia The International Monetary Fund (IMF) is the prestigious economic think tank funded by 189 countries to promote trade and financial stability. It regularly provides report cards on the health of the global economy and individual countries and has been keeping a close eye on the economic… Read more »
On Anzac Day eve, it’s really important to make tomorrow special as a tribute for all those Australians who made so many sacrifices for this country. I actually think it will be special. Australians are wonderful at pulling together. Just in my community area, and those of my children and grandchildren, the plans to remember… Read more »
The good news is that all our good work in trying to reduce new cases of Coronavirus is working… and impressively so. The disruption to our lives is really paying dividends. When you look at the tragic death rates in the US and UK, you realise how lucky we are to be here in Australia.… Read more »
NSW Premier Gladys Berejiklian is encouraging the state’s citizens to hop online and get qualified. The premier has announced a number of TAFE courses will now be available for free and she is urging people to make use of their time at home to upskill. “It means people can start preparing for when these difficult… Read more »
It’s been another big week dominated by the Federal Government’s enormous $130 billion package to keep Australian in work. It’s the biggest economic package in Australia’s history and dwarfs anything announced during the Global Financial Crisis. It is an enormous statement from the Federal Government that they are determined to cushion the financial and economic… Read more »
NSW Police Commissioner Mick Fuller says the state’s tough social distancing and isolation laws will remain in place for at least 90 days, taking the restrictions to June 29. On Monday, the NSW government increased restrictions on freedom of movement in a bid to reduce the further spread of COVID-19, also ramping up the penalties… Read more »
