As is common for boondoggles of this sort, the spending is front-loaded — so the insiders get their money right away. As for the deficit and inflation reduction, they’re barely loaded on the truck at all…and will never actually be delivered.
US inflation for July has officially cooled to 8.5%. That’s a decent reprieve from the 41-year high figure of 9.1% in June. For investors, this is a good sign that ‘peak inflation’ may really be behind us.
ASX jumps 1%. Encouraging US CPI print pushes tech stocks higher. ASX earnings season continues with Telstra, AMP, and QBE.
Agriculture company GrainCorp [ASX:GNC] upgraded its earnings guidance on Wednesday. As a result, GrainCorp’s shares spiked over 5%. Year-to-date, however, GNC shares have been flat. GrainCorp, after hitting a 52-week high of $10.86 in May, is currently trading at around $8 a share: Source: www.tradingview.com GrainCorp’s FY22 earnings upgrade GrainCorp has upgraded its earnings guidance […]
ASX falls on Wednesday. CBA sees FY22 cash profit rise 11%. A2 Milk has import request deferred by FDA. Read ASX live news here.
REA Group [ASX:REA] climbed 5% in afternoon trade after releasing its FY22 results on Tuesday. Despite today’s rise, REA shares are down 20% year-to-date. Source: www.tradingview.com REA FY22 results This morning, the real estate advertiser released its full-year results for the year ended June 30, 2022, with revenue up 26% and core Australian revenue up […]
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