The Latest Breaking News on Economy

Concerns Canberrans on lower incomes will be left behind under ACT's new electric vehicle strategy

The ACT government's announcement that the sale of new petrol cars will be banned in the territory in 2035 is causing affordability concerns for Canberrans on lower incomes.

ABC News · Jul 23, 2022

Price data could surprise on the upside

Australia could be about to rack up its worst annual inflation rate in more than 31 years, paving the way for a sharp lift in official interest rates in August.

AAP · Jul 23, 2022

Government could be '10 years away' from rolling out universal basic income

A university academic has said "momentum is building" for a universal income.

Chronicle Live · Jul 21, 2022

Basic income - why some people get free money and eligibility to receive £1,600 a month

Basic income has been tried in countries across the world and Wales from Friday will start its own pilot by giving no-strings-attached cash to young care leavers

Daily Mirror · Jul 1, 2022

Leo Varadkar says government has no plans for further intervention in cost of living crisis before Budget 2023

Speaking on RTE's Morning Ireland on Wednesday, he said for there to be any consideration of intervention, there would need to be further dramatic escalations in fuel prices

Irish Mirror · Jun 22, 2022

NSW announces $5bn childcare boost in state budget plan trumpeted as ‘once in a generation’

Private operators will be paid to make their services more accessible and affordable

The Guardian - AU · Jun 14, 2022

NSW government reveals $5 billion childcare plan in state budget

The NSW Premier says families could save thousands of dollars per child under a plan to expand existing child care centre and build new ones.

ABC News · Jun 13, 2022

Anthony Albanese announces plan to cut spending on two grant programs to deliver budget windfall — as it happened

Anthony Albanese uses his National Press Club address to announce a Labor government would strip hundreds of millions of dollars from two government grant programs and put the money to better use, in an effort to improve the budget bottom line.

ABC News · May 17, 2022

Bear Market Scare? Inflation & Inverted Yield Curve

Goldman Sachs has elevated their recession and bear market indicator to 35% odds of happening within the next 2 years. That may not sound that alarming at first, but do realize that most bear markets come around when less than 50% of experts predict it’s on the way. So this…

StockNews.com · Apr 22, 2022

How the Inverted Yield Curve Could Impact the Market This Week

In last week's commentary we spoke about the big bounce of the S&P 500 (SPY) that got us back in the mix of all the key trend lines (50/100/200 day moving averages). And likely we would be stuck in a trading range around those levels for a while as investors…

StockNews.com · Apr 9, 2022