Business Update – 6 December 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Austudy, carer payments, and youth allowance to get a boost Social security payments for young people, students, and carers will increase by 6.1% on 1 January – the biggest raise in over six decades. Women are 200 years behind men for income equity A new report revealed that Australian…  Read more

Business Update – 30 November 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. RBA governor says it’s “regrettable” that some Australians now have mortgages they can’t afford At a Senate estimates hearing on Monday, Reserve Bank governor Philip Lowe apologised to Australians who took out a home loan due to the RBA’s guidance that interest rates would stay the same until 2024.…  Read more

Business Update – November 23, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Bob Iger returns to steer Disney through tough economic times The former CEO has agreed to serve another two years for the company effective immediately. Disney highlighted a fivefold market value increase under his leadership, adding that he had a “mandate from the board to set the strategic direction…  Read more

Business Update – November 23, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Bob Iger returns to steer Disney through tough economic times The former CEO has agreed to serve another two years for the company effective immediately. Disney highlighted a fivefold market value increase under his leadership, adding that he had a “mandate from the board to set the strategic direction…  Read more

Weekly Digest – November 16, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed hints that it may soon slow interest rate hikes Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon ease up on its aggressive interest rate hikes, saying that it may soon be appropriate to move to a slower pace. Stock market steadies as…  Read more

Business Update – November 9, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Oil prices dip in response to China’s Covid containment strategy As rumors swirled that China would be easing its zero-Covid policy, oil prices began to climb. However, they fell again on Monday when Chinese government officials signaled that the government has no intention of changing directions. Sweeping changes continue…  Read more

Business Update – November 9, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Oil prices dip in response to China’s Covid containment strategy As rumors swirled that China would be easing its zero-Covid policy, oil prices began to climb. However, they fell again on Monday when Chinese government officials signaled that the government has no intention of changing directions. Sweeping changes continue…  Read more

Business Update – November 2, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The Dow Jones had a really great October The Dow tumbled a bit on October 31, but despite that was still up 14% for the month. That means it had its best monthly gain since January 1976. Most people have stopped making retirement contributions A new report from Allianz…  Read more

Business Update – October 26, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock markets start the week strong All three major indexes were up on Monday – a welcome change from the volatile conditions of recent months. Investors seem optimistic as we await earnings calls, with numbers from big tech firms expected later this week. Goldman Sachs fears “accidental recession” Goldman…  Read more

Business Update – October 19, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Recession likely, but not yet certain Economists have been warning of a “perfect storm” of conditions pointing to a serious recession for most of the year, but some economists are still saying that it’s not a certainty yet. Time to apply for student loan forgiveness President Joe Biden announced…  Read more

Business Update – October 12, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Former US Federal Reserve chief wins Nobel prize Former US Federal Reserve chief Ben Bernanke, who led the central bank during the 2008 financial crisis, is one of three recipients of this year’s Nobel prize in economics. Bank of England strengthens emergency stimulus The Bank of England will double…  Read more

Business Update – October 5, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Wall Street starts the month a little stronger than before In what many are hoping is a new trend for October, the Dow Jones, Nasdaq, and the S&P 500 were all up for the first trading day of the month. Experts are split on whether this trend is sustainable,…  Read more

Business Update – October 5, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Wall Street starts the month a little stronger than before In what many are hoping is a new trend for October, the Dow Jones, Nasdaq, and the S&P 500 were all up for the first trading day of the month. Experts are split on whether this trend is sustainable,…  Read more

Business Update – September 27, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. British pound may sink below $1 US After the new UK government’s mini-budget announcement on Friday that revealed new economic policies, the GBP sunk to its lowest level since 1985 – ending last week at US$1.09. Interest rate hike causes world economy to wobble The US Federal Reserve raised…  Read more

Business Update – September 27, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. British pound may sink below $1 US After the new UK government’s mini-budget announcement on Friday that revealed new economic policies, the GBP sunk to its lowest level since 1985 – ending last week at US$1.09. Interest rate hike causes world economy to wobble The US Federal Reserve raised…  Read more

Business Update – September 21, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. How another interest rate hike could affect you The Federal Reserve is set to hike rates by another 0.75 percentage points at its meeting this week. CNBC breaks down how it could affect you here. The role of the CFO is changing While in the past the job of…  Read more

Business Update – September 13, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stocks start the week strong Stocks climbed Monday as Wall Street made its final moves ahead of a high-stakes report expected this week. It’s hoped that the report will show that inflation has slowed. Peloton shakes things up Peloton CEO Barry McCarthy made some dramatic moves on Monday in…  Read more

Business Update – September 7, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Union organizers beat Amazon A federal labor board hearing officer has blocked Amazon’s attempt to scrap a historic union win at a warehouse on Staten Island, New York. Eurozone inflation hits all-time high Experts say the worst is yet to come in the eurozone, where inflation hit a fresh…  Read more

Business Update – August 31, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Government tries to help those left out of student loan forgiveness The Education Department is exploring strategies to do something to help the nearly 5 million people whose student loan debt forgiveness was “overlooked”. Former students who borrowed under the FFEL program are excluded from the loan forgiveness program,…  Read more

Business Update – August 23, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock futures fall ahead of economic symposium Fears of aggressive interest rate hikes returned to Wall Street this week as stock futures fell. Investors are anticipating a volatile week as the Fed holds its annual Jackson Hole economic symposium. Home showings and deals are down as mortgage rates lower…  Read more

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