The stock market boom that no-one predicted

Can you guess how much the sharemarket has risen in less than 12 months? How are those house-price crash predictions going? About as well as the forecasts of the stock market's demise, I suspect. Ah predictions. As Galbraith once said: “Pundits forecast not because they know, but because they are asked.” You know the sort – the bigger the wild […]

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Airbus takes crown as No. 1 planemaker: Report

Lighthizer: Boeing-Airbus case may lead to U.S. increasing tariffs on Europe U.S. Trade Representative Robert Lighthizer discusses the Boeing-Airbus case litigated by the WTO. Airbus delivered a record number of planes in 2019, taking the top spot, as rival Boeing was forced to halt shipments of its best-selling 737 Max after two deadly crashes, a report said. Continue Reading Below Airbus […]

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US job growth roars back in November, with 266,000 added

US private sector jobs growth slows in November U.S. company payrolls rose by 67,000 in November, according to the latest ADP report. FOX Business’ Lauren Simonetti with more. U.S. hiring surged in November, as the economy added 266,000 jobs and unemployment returned to a half-century low, a sign the U.S. is powering through a global slowdown. Continue Reading Below The payroll number easily topped the estimate […]

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Norway wealth fund says climate change key to risk-based divestments

OSLO (Reuters) – Norway’s $1.1 trillion wealth fund, the world’s largest, said climate change dominated discussions about whether it should sell stakes in companies because they are considered too risky. The fund, which invests revenues from Norway’s oil and gas production, has stakes in some 9,000 companies across 72 countries, equivalent to 1.4% of all globally listed shares. As well as being […]

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The yield curve is no longer signaling a recession

The yield curve is no longer inverted! Hear ye! Hear ye! Short-term interest rates are no longer higher than long-term rates. If I had one of those long, straight trumpets used in medieval times, I’d blow it right now. The yield curve is back to normal with higher rates on long maturity government securities than on shorter ones. Just so […]

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No mention of Bidens, Burisma while Ukraine military aid was held up, State official testifies

Democrats’ impeachment spectacle returns to Capitol Hill Key witnesses set to testify before Congress in week 2 of the public impeachment hearings; reaction and analysis on ‘The Five.’ David Hale, the State Department’s No. 3 official, testified in a Nov. 6 closed-door deposition that no one in the Trump administration or any "government channel" ever mentioned former Vice President Joe Biden or […]

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‘Johnny Reb’ no longer welcome in Norfolk: Virginia city gets OK to move Confederate statue

This June 25, 2015, file photo shows the 15-foot figure of a Confederate soldier on top of a Norfolk monument commemorating the last reunion of surviving confederate soldiers. (Photo: Bill Tiernan, AP) The Virginia city of Norfolk has the right to move its “Johnny Reb” Confederate statue from a busy downtown intersection to a local cemetery, the state attorney general and […]

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No wagyu for you: ASIC loses landmark case against Westpac

The corporate watchdog has lost a landmark case against Westpac Banking Corporation over the bank's alleged breaches of responsible lending laws after a judge found borrowers could ditch luxury food items like wagyu steak and shiraz for more humble fare. The Federal Court on Tuesday dismissed the Australian Securities and Investments Commission's case against the bank after finding the regulator […]

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No ask, no get: where I went so, so wrong with my money

In the two and a half years I have been writing this column I’ve made a number of confessions. Right off the bat I specified the exact dollar figure we had spent on formal childcare for one of our daughters. I risked being labelled the ultimate grinch when I admitted hating the frenzy of present-buying at Christmas. You have to […]

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