Capital Brief — Business news and politics for the new economy
Capital 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 the federal capital, Canberra.
Monthly inflation indicator rises 2.1% over the year to October
1 day ago · The news: The consumer price index indicator increased 2.1% in the 12 months to October. Inflation on an annual headline basis remains at its lowest level since July 2021. The numbers: Annual trimmed mean inflation was 3.5%, up from 3.2% in September but at a similar level to August. The headline figures were largely down due to significant drops in electricity and automotive fuel prices of 35 ...
US GDP grows at steady 2.8%, buoyed by consumer and business …
1 day ago · The news: The US economy expanded at a 2.8% annualised pace in the third quarter, supported by robust consumer spending and business investment, according to the second estimate from the Bureau of Economic Analysis (BEA). The context: The second estimate included upward revisions to private inventories, nonresidential investment and local government spending from an October so-called advanced ...
Texas-led GOP states sue BlackRock, Vanguard, State Street over …
22 hours ago · The news: BlackRock, Vanguard and State Street have been sued by Texas and ten other Republican-led states, alleging the firms violated antitrust laws by pressuring coal producers to cut output through coordinated climate policies, resulting in higher energy prices. The context: Filed in federal court in Texas on Wednesday, the suit claims the asset managers used their shareholdings and ...
Finance and markets — Capital Brief
1 day ago · 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.
Latest - Capital Brief
6 days ago · Business news including Musk's Aussie beef, ASX hits record high; WiseTech plunges, Misinformation bill flops as Greens confirm opposition.
Experts disagree whether Future Fund changes are 'appalling' or a …
Nov 21, 2024 · Experts disagree whether Future Fund changes are 'appalling' or a 'good idea' Jim Chalmers' plan to change the $230 billion fund's mandate to focus on national priorities like housing and net zero has divided economists and investors.
US economy in soft landing ahead of elections — Capital Brief
Oct 30, 2024 · 1. Election economics: The US economy grew 2.8% in the third quarter, driven by strong consumer demand and bolstered by business investment and government spending, particularly in defence, according to a preliminary estimate by the Commerce Department. Days before the 5 November US presidential election, the data came slightly lower than the 3% GDP growth expected, but shows the economy ...
US economy rises 2.8% in 3Q, driven by spending ahead of election
Oct 30, 2024 · The news: The US economy grew 2.8% in the third quarter, driven by strong consumer demand and bolstered by business investment and government spending, particularly in defence, according to a preliminary estimate by the Bureau of Economic Analysis. The context: The data comes just days before a contested US presidential election on 5 November, with the economy top of mind for most Americans ...
US data gives mixed signals ahead of election, Fed cut
Oct 29, 2024 · 1. Mixed signals: US data showing rising US consumer confidence, a cooling labour market and a widening trade deficit gave mixed economic signals, highlighting the challenge for policymakers to balance growth optimism with signs of slowing job demand and trade pressures. US consumer confidence surged in October, marking the strongest monthly rise since March 2021, as optimism over the economy ...