Capital Brief — Business news and politics for the new economy
WEBCapital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in …
Inflation and unemployment data pushes Wall Street lower
WEB1 day ago · The news: Wall Street's main indices closed lower as higher-than-expected inflation and unemployment claims renewed concerns on the health of the US economy and the path for interest rates. The numbers: Among the main indices: the Dow Jones fell 0.14%, the S&P 500 slipped 0.21%, while the Nasdaq edged 0.05% lower. The closely watched US consumer price index rose 0.2% in September and 2.4% on ...
US consumer inflation tops forecasts, pressure on Fed
WEB1 day ago · The news: US inflation rose slightly more than expected in September, with consumer prices increasing 0.2% from the previous month and 2.4% year-on-year, the US Bureau of Labor Statistics said. The context: The September move came slightly above the 0.1% increase expected for the month, and the 2.3% rise forecast for the year by economists polled by Reuters.
Finance and markets - Capital Brief
WEBAustralian shares seen choppy after Wall Street edges higher. The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Dow Jones and S&P 500 hit fresh highs after Fed minutes
WEB2 days ago · The news: Wall Street's Dow Jones & S&P 500 closed at fresh highs as minutes from the Federal Reserve's September meeting indicated more rate cuts, with investors also awaiting September inflation data and third-quarter earnings reports. The numbers: Among the main indices: the Dow Jones rose 1.03%, the S&P 500 gained 0.71%, while the Nasdaq added 0.60%.
Markets — Capital Brief
WEB5 days ago · Perpetual probes dissenting shareholders as AGM revolt brews. The beleaguered financial services group has been querying shareholders who have backed a rogue candidate for the board, as proxy groups and a former star fund manager hit out at the company ahead of its AGM. Jack Derwin · 1 October 2024. Briefing Market Wrap.
Dow ends at record high after jobs data — Capital Brief
WEB5 days ago · The news: The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the US economy may be getting too weak. The numbers: Among the main indexes: the Dow Jones rose 0.81%, the S&P 500 gained 0.90%, while the Nasdaq added 1.22%. US nonfarm payrolls showed the economy added 254,000 jobs ...
US jobs boom shakes rate cut bets — Capital Brief
WEB5 days ago · The news: US employers added 254,000 jobs in September, significantly beating expectations and showing resilience in the economy, data released by the US Bureau of Labor Statistics on Friday showed. The numbers: The numbers exceeded the 140,000 jobs forecast by economists surveyed by Reuters and were higher than the revised figure of 159,000 jobs added in August.
US jobs report surprise shifts Fed cut odds — Capital Brief
WEB5 days ago · The data moved bets on Fed funds futures sharply towards a 25-basis-point cut in November, down almost 10 basis points from before the report, according to Bloomberg. It also pushed US shares higher, with the Dow Jones Industrial Average rising 0.81% to close at a new record high. The numbers exceeded the …
OpenAI closes record US$6.6b raising, hits US$157b valuation
WEBOct 2, 2024 · The news: OpenAI completed its US$6.6 billion ($9.59 billion) funding round, in the largest VC deal ever, nearly doubling its valuation in just months to become one of the three largest venture-backed startups alongside SpaceX and ByteDance. The numbers: The deal values the company behind ChatGPT at US$157 billion, post-investment, up from a US$86 billion valuation in a tender offer to ...