Category: Business & Markets

Canberra Must Make the Hard Decisions Now to Control Inflation

Commentary Reserve Bank of Australia (RBA) governor, Philip Lowe, has fired a warning shot over the bow of the federal treasurer by raising official interest rates another quarter of a percent this week to 3.85 percent. The hard work on inflation has to be done by the government which has access to a large number…


Apple Posts Quarterly Revenue Decline; iPhone Sales Solid

Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results reported Thursday were better than Wall Street’s muted expectations and Apple’s stock rose in after-hours trading. The latest numbers come after…


South Australia to Become Home to 1st Operational mRNA Factory Outside US

South Australia has announced a partnership with the international biotech enterprise, BioCina, to become home to the first mRNA development and production facility in Australia and make homegrown mRNA vaccines a reality. Last year, U.S. biotech giant Moderna and the Australian government agreed to build the first mRNA vaccine manufacturing facility outside North America. Construction…


South Australia to Become Home to First MRNA Factory Outside US

South Australia has announced a partnership with the international biotech enterprise, BioCina, to become home to the first mRNA development and production facility in Australia and make homegrown mRNA vaccines a reality. Last year, U.S. biotech giant Moderna and the Australian government agreed to build the first mRNA vaccine manufacturing facility outside North America. Construction…


BMW: Don’t Drive Older Models With Takata Air Bag Inflators

DETROIT—BMW is warning the owners of about 90,000 older vehicles in the United States not to drive them due to an increasing threat that the air bags might explode in a crash. The warning covers vehicles from the 2000 through 2006 model years that previously had been recalled to replace faulty and dangerous air bag…


Australia Government Operating Under Veil of Secrecy, Media Advocates Say

Democracy in Australia is under pressure, according to media advocates, who are urging the Australian government to implement a backlog of reforms to laws around national security, freedom of information, and defamation so journalists in Australia can do their job. The Media, Entertainment and Arts Alliance (MEAA) is calling on the Albanese government to instigate reforms to ensure that…


Stock Market Today: Wall Street Sinks as Bank Fears Flare

NEW YORK—Stocks sank on Wall Street Thursday as worries cranked higher about a cracking U.S. banking system. The S&P 500 fell 0.7 percent to add to its loss for the week so far. The Dow Jones Industrial Average dropped 286 points, or 0.9 percent, and is now down for the year, while the Nasdaq composite…


Closing Prices for Crude Oil, Gold and Other Commodities (May 4)

Benchmark U.S. crude oil for June delivery fell 4 cents to $68.56 a barrel Thursday. Brent crude for July delivery rose 17 cents to $72.50 a barrel. Wholesale gasoline for June delivery rose 1 cent $2.33 a gallon. June heating oil rose 1 cent $2.24 a gallon. June natural gas fell 7 cents to $2.10…


Tucker Carlson Jokes About Being ‘Fired’

Tucker Carlson is scheduled to make a speech at an Alabama fundraiser on Thursday evening, while he also sent a prerecorded video to the Conservative Political Action Conference (CPAC) in Hungary that aired on Thursday. “Greetings to CPAC Hungary and all you Americans in the audience,” Carlson said in the footage posted on social media. “You…


Regional Banking System ‘at Risk,’ Warns Bill Ackman

Famed investor Bill Ackman is warning that America’s regional banking system is at risk and criticized the Federal Deposit Insurance Corporation (FDIC) for worsening the banking crisis facing the nation. “The regional banking system is at risk,” Ackman stated in a tweet on May 4. The collapse of Silicon Valley Bank (SVB) has “woke up…