Peter Switzer launched his own financial business 30 years ago. The Switzer Group has since grown into three successful companies spanning media and publishing that creates written content as well as video and films, with its latest acquisition being the global brand Harper’s Bazaar, financial advice, insurance and business advice. Peter is an award-winning broadcaster, twice runner-up for the Best Current Affairs Commentator award for radio, behind broadcaster Alan Jones. He talks to Ben Fordham each morning on 2GB, as well as writing each day on switzer.com.au
The former boss of the Australian Competition and Consumer Commission, Graeme Samuel, has counselled Anthony Albanese and Treasurer Jim Chalmers to tell big business to push off and stop expecting handouts from the taxpayers of Australia.
Wall Street took a knock overnight, with the Dow Jones finishing 224 points lower. Our own market’s tipped to open about 24 points down, and the Aussie dollar is nudging 65.2 US cents. On the surface, that’s not a great way to start the day, but for me, days like this are when I start sharpening my pencil.
As the Daily Telegraph warns us that Treasurer Jim Chalmers is thinking about breaking pre-election promises about negative gearing, I’ve been wondering how a Productivity Roundtable became an Economic Reform Roundtable? And now it’s sounding like a Tax Reform Table!
Good news on the spending front but we’re not seeing great signs from the job market, with Artificial Intelligence starting to devour jobs.
On Friday, the US jobs report came in surprisingly weak, sparking immediate fears of a recession. Wall Street didn’t like it — the Dow, Nasdaq and S&P 500 all dropped. But by Monday, things had changed. The Dow jumped more than 500 points overnight, and our SPI futures suggest the Australian market will open strongly.
At a time when our leading politicians and most respected economists tell us we must lift productivity to ensure higher standards of living, the work-from-home (WFH) issue could split the Labor Party.
Taxes on grog is a hip pocket issue and won’t rock inflation or rate cuts. So let me give you the run down on this crazy US jobs report.
What’s the current lie of the land when it comes to the likely tariff we’ll cop? And how will our government, central bank and stock market react?
The nations borrowers were praying for a good inflation number yesterday. They got it, so there should be no excuses for the RBA to deny a rate cut on August 12.
Trump’s 10% tariff slug could end up being 20%, hurting our manufacturers, miners and farmers. If this rumour’s right, just how much hurt will it meter out to us Aussies and our economy?
There are plenty of things that move markets — inflation data, central bank statements, geopolitical curveballs, and yes, even tweets from a certain orange-haired former President. But for Aussie investors, the Consumer Price Index (CPI) data landing Wednesday could be the make-or-break moment for interest rates this side of Christmas.
The brand name Ansett has landed, driven by AI (artificial intelligence). We need to be aware of this sign of our future where your job or business could be threatened
