ASX News Live | ASX Down 1%; Syrah, Brickworks, Sezzle, Coles All Feature
ASX 200 opens 1% lower as markets wait on the US Fed’s interest rate decision. Syrah enters trading halt, Sezzle targets profitability, Brickworks released FY22 results.
Macroeconomic News: Insights into Economic Trends and Developments
New Hope [ASX:NHC] Surges as Coal Prices See FY22 NPAT Soar
On Tuesday, coal stock New Hope Corp [ASX:NHC] released its FY22 results, reporting strong uplift in revenue and profit on ‘phenomenal’ coal prices.
Following the Leader
Looking at a long-term chart of wages, adjusted for inflation, we see that real US earnings stopped going up in the early ‘70s. Today, an average American worker earns about the same as he did in 1972. Now, that’s a Long-term Primary Trend!…a trip to nowhere over half a century.
ASX News Live | ASX Up 1%; New Hope and Fortescue Feature
ASX 200 rises strongly on Tuesday as New Hope’s NPAT surges to $983 million on strong coal prices. Fortescue flags decarbonisation investments.
Origin Energy [ASX:ORG] Divests Beetaloo Basin Interests
Origin Energy [ASX:ORG] will divest its Beetaloo Basin interests to reshuffle assets for the energy transition.
Another Crisis Resulting from Ukraine
Trade and financial sanctions are a double-edged sword. It’s possible to cut off Russia from imports of needed goods and services. It is also possible to exclude Russia from financial systems and payment channels. But trade and finance are a two-way street.
