Capital Brief — Business news and politics for the new economy
Labor expands secret critical infrastructure list amid cyber overhaul. Capital 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 the federal capital, Canberra.
Wall Street bonus comeback to skip retail bankers
1 day ago · 1. Bonus turnaround: Wall Street bonuses are set to rise for the first time since 2021, except for retail and commercial banking, according to Johnson Associates.Investment bankers focusing on debt underwriting are projected to see the most significant bonus increases, with anticipated gains of 25%–35% over their 2023 incentive payments, while equity underwriters may receive increases of 15% ...
Wall Street bonus turnaround to spare retail commercial banking
1 day ago · Wall Street bonus turnaround to spare retail commercial banking. 1:16am on 13 November 2024. The news: Wall Street bonuses are set to rise for the first time since 2021, except for retail and commercial banking, according to Johnson Associates. The numbers: Investment bankers focusing on debt underwriting could see the largest bonus gains, with ...
Finance and markets - Capital Brief
5 days ago · Oil prices lift on Gulf of Mexico storm fears, weaker US dollar. The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services …
US Fed cuts rates amid Trump era uncertainty — Capital Brief
6 days ago · Fed puzzle: The Federal Reserve cut its benchmark policy rate by 0.25 percentage points, bringing it to the 4.50%-4.75% range. The move follows a jumbo 0.50-point reduction in September and comes amid shifting economic prospects under President-elect Donald Trump’s administration. Trump's election victory and potential policy changes ...
Latest - Capital Brief
1 day ago · Seven regulatory affairs boss Clare Gill jumps ship to Pexa. 8 November 2024 · John Buckley. US election 2024.
Politics and policy - Capital Brief
2 days ago · Today's UBS Australasia Conference in Sydney heard an illuminating anecdote about Trump's approach to power, as well as cautious optimism that his return might boost capital markets. In an exclusive and wide-ranging interview, the RBA deputy governor said a broad range of outcomes were possible ...
US confidence surges amid cooling jobs, rising trade deficit
Oct 29, 2024 · The news: US data showing rising US consumer confidence, a cooling labour market and a widening trade deficit gave mixed economic signals, highlighting the challenge for policymakers to balance growth optimism with signs of slowing job demand and trade pressures. The numbers: US consumer confidence surged in October, marking the strongest monthly rise since March 2021, as optimism over the ...
OpenAI closes record US$6.6b raising, hits US$157b valuation
Oct 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 ...
Dow ends at record high after jobs data — Capital Brief
Oct 6, 2024 · 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 ...