Industry super funds call for relaxation of financial advice regulations

Industry super funds say restrictive regulations governing the kinds of financial advice they are allowed to provide must be relaxed or their members who are planning for retirement will be left worse off. But the proposal to give super funds more freedom when providing basic financial advice to their members has been questioned by a […]

Georgia financial adviser evading arrest since 2020 ordered to pay $12M to victims

video Fox Business Flash top headlines for June 10 Check out what’s clicking on FoxBusiness.com. A financial adviser who has been on the run for almost two years has been ordered to pay $12 million to his victims in three states.  The default judgment was recently entered in a federal Securities and Exchange Commission (SEC) […]

Treasury boss’s quiet message: Higher taxes are the cure for our budget blues

Anthony Albanese and his Treasurer, Dr Jim Chalmers, have inherited many problems that won’t be solved quickly or easily. Nor will they be solved without the new government being willing to persuade voters to accept the sort of tax changes no pollie wants to talk about in an election campaign. That’s the conclusion I draw […]

Jobless claims unexpectedly rose to highest level since January last week

video 390K jobs added to US economy in May May jobs report beats expectations with 390K jobs added to the economy. FOX Business’ Edward Lawrence with more. The number of Americans filing for unemployment benefits unexpectedly jumped last week, spiking to the highest level since mid-January in a sign the hot labor market could be […]

Aveva Slips To Loss In FY22, Lifts Dividend; Backs FY23 Outlook – Quick Facts

British IT consulting company Aveva Group PLC (AVV.L) reported Wednesday that fiscal year 2022 loss from operations before tax was 6.5 million pounds, compared to last year’s profit of 36.6 million pounds. The latest loss was primarily due to significantly higher amortisation of intangible assets. Loss per share was 20.8 pence, compared to profit of […]

The World Bank’s gloomy economic outlook might be too optimistic

The latest World Bank assessment of the state of the global economy and its outlook makes for gloomy, even depressing, reading with its focus on comparisons with the stagflationary era of the 1970s. While it likens the current outbreaks of inflation at levels not seen for decades, slumping growth rates amid surging energy and food […]

U.S. Services Index Dips To Lowest Level In Over A Year In May

Growth in U.S. service sector activity slowed by slightly more than expected in the month of May, the Institute for Supply Management revealed in a report released on Friday. The ISM said its services PMI dipped to 55.9 in May from 57.1 in April, although a reading above 50 still indicates growth in the sector. […]

What the next economic recession may look like?

video Business owners feel the recession is ‘right now’: Expert Strategic Wealth Partners President and CEO Mark Tepper and Kaltbaum Capital Management Gary Kaltbaum weigh in on the risk of recession and reacts to Elon Musk looking to cut 10% of Tesla’s workforce. Recessions are notoriously hard to predict, but consensus is growing among big […]

Yuma Has an Unemployment Rate Over 13%

While the national jobless rate is 3.6%, near an all-time low, some parts of the nation continue to suffer from high unemployment. At the top of this list is Yuma, Arizona. Its April figure was 13.1%, higher than the national rate of 10% at the depths of the Great Recession. Yuma is a reminder that […]