Capital Brief — Business news and politics for the new economy
WEBCapital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in …
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WEBUS, UK sanction Iran for supplying missiles to Russia. 11 September 2024. Next page. Business news including Greens to propose $50m fines for price gouging, Labor to introduce revamped misinformation bill, Labor unveils its privacy and doxxing plans.
Finance and markets - Capital Brief
WEB2 days ago · Bronwen Clune · 9 September 2024. Next page. The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
US Fed starts easing cycle with half point rate cut
WEB1 day ago · Easing starts: The US Fed cut its benchmark interest rate by 0.5 percentage points to a range of 4.75% to 5% following concerns over the labour market. The decision saw an 11-1 vote, with Governor Michelle Bowman dissenting in favour of a smaller 0.25-point cut, the first by a Fed board member since 2005. A narrow majority of officials also ...
US jobless claims unexpectedly drop in resilient market
WEB7 hours ago · The news: US weekly jobless claims fell by 12,000 to 219,000 for the week ending 14 September, the lowest level since May, the Labor Department said. The numbers: The data came in below expectations, with economists polled by Reuters predicting 230,000 claims.Continuing claims, a measure of ongoing benefits, dropped by 14,000 to 1.829 million, the lowest in three months.
BoE holds rates at 5% in cautious approach to easing
WEB8 hours ago · The news: The Bank of England (BoE) held its interest rate at 5%, with an 8-1 vote favouring keeping rates on hold. Only Swati Dhingra, the committee's most dovish member, dissented, advocating for a 0.25% rate cut. The context: The decision follows the BoE’s 0.25 percentage point rate cut in August that lowered rates from their 16-year peak. In contrast, the US Federal Reserve on Thursday ...
Financial services - Capital Brief
WEB1 day ago · Regal pulls in $59 million in performance fees. Financial services news including Microsoft, BlackRock to launch US$30b AI infrastructure fund, JPMorgan eyes Apple’s credit card takeover from Goldman: WSJ, Andrew Hagger launches family office advisory Famille Capital.
Markets — Capital Brief
WEB2 days ago · Airtasker's Tim Fung defends unusual equity for ads contra deals. The online marketplace's CEO is betting future growth on a series of strategic marketing deals with US and local media companies that have put shareholders at risk of dilution. Jack Derwin · 4 September 2024. Briefing Market Wrap.
Standup newsletter — Capital Brief
WEBUS labour data steady ahead of key jobs report. Plus: OpenAI's ChatGPT user base doubles to 200 million; PwC to track office attendance for 26,000 employees; Trump pitches Wall Street tax cuts, Musk audit plan. Start your day informed. We follow everything that happens overnight and deliver a concise summary to your inbox.
Capital Q&A — Capital Brief
WEBMay 7, 2024 · Australia's customer-owned lenders are growing — and so are their challenges. Banking one in five Australians and a major force in innovation, customer-owned banks face scale challenges, particularly in the cost of regulation, says COBA CEO Michael Lawrence. Andrew Cornell · 16 October 2023. Capital Q&A.