Capital Brief — Business news and politics for the new economy
Matt Stanton extends lead in race to replace Sneesby as Nine CEO. 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.
Spirit Airlines files for bankruptcy, bondholders take charge
3 hours ago · The news: Spirit Airlines filed for Chapter 11 protection in New York after failing to secure a US$3.8 billion ($5.87 billion) merger with JetBlue and persistent losses, becoming the first major US carrier in over a decade to file for bankruptcy. The context: Spirit, known for its low-cost, no-frills model, has struggled with increased competition, high debt, rising costs and grounded planes ...
Latest - Capital Brief
3 days ago · Why Mike Cannon-Brookes isn't worried about power-hungry AI's climate impact. Business news including Trump returns to the White House for transition talks, Biden meet, October US inflation climbs 0.2%, as expected, driven by shelter, ASIC to set up taskforce to improve enforcement.
Finance and markets — Capital Brief
3 days ago · ASX set to edge higher after mixed Wall Street trading. The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services …
RBA's Bullock to face questions as economists look for clues on rates
1 day ago · The document: Reserve Bank of Australia November board meeting minutes. When: Tuesday 19 November 2024. What to expect: The RBA kept rates on hold at 4.35% when it met on 5 November and there has since been additional data released plus the now-standard post-decision press conference, which means these minutes are already an artefact of the past.
US confidence surges amid cooling jobs, rising trade deficit
Oct 29, 2024 · The news: 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. The numbers: US consumer confidence surged in October, marking the strongest monthly rise since March 2021, as optimism over the ...
America's fiscal faultline — Capital Brief
Oct 16, 2024 · America's fiscal faultline. With the US election nearing, Aussie investors are bracing for market volatility. But the biggest concern remains unaddressed by either candidate, says Citi's global macro strategist. John McDuling 4:42pm on 16 October 2024. Experts say the economic plans of both Donald Trump and Kamala Harris will add to the US ...
US Fed’s Powell signals gradual cuts to keep economy strong
Sep 30, 2024 · The news: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. The numbers: The Fed cut rates by half a percentage point in September, the first cut since 2020, as it started its easing cycle.
Apple, Nvidia, Microsoft and the race to US$4 trillion
Jun 18, 2024 · Dan Ives, managing director of New York’s Wedbush Securities, also told Capital Brief that Nvidia would clinch the honour under the guidance of CEO Jensen Huang. “We believe the Godfather of AI Jensen and Nvidia hits $4 trillion first, followed by Apple, then Microsoft,” he said. Nvidia joined the $1 trillion club last May, 24 years after its IPO.
Technology and startups - Capital Brief
The sudden departure of the founding CEO of one of the country's most financially backed startups surprised many in the ecosystem — including its own investors. The latest technology news from Capital Brief, including artificial intelligence (AI), big tech, consumer tech, cybersecurity, enterprise tech, venture capital and startup coverage.