Australia’s CPI rose big time in the March Quarter, the highest rise since the introduction of the GST. New dwelling construction costs soared 6.7% above the March 2021 quarter amid raw material shortages, labour constraints & supply chain disruptions. Automotive fuel prices rose at the strongest annual rate in over…

Netflix posted a decline of 200,000 net subscribers in Q1 & expects a further 2 million subscribers to drop off in Q2. Netflix’s share price plunged 35% in one trading session to a YTD low of US$212. Despite the challenges, Netflix maintains a 45% global market share in the streaming…

Meta-owned Instagram’s foray into NFTs could drive up to US$8 billion in net annual revenue. The total addressable market for the non-interchangeable units of data is estimated to be more than US$1 trillion. Ukraine’s government is looking into NFTs as a way to finance its war with Russia. The market…

Aged care providers rallied on record government spend on the sector. Ampol jumped 1.13% on the government???s halved excise fuel tax. archTIS rocketed 18% on the government???s $9.9bn cyber security package. There were some key winners and losers in Australia???s …

Well, that was in-EV-itable Brent crude oil rose 5.3% to US$121.60/barrel again last week. Tesla shares rallied 25% over the last month, while Nio & Lucid also gained 3% and 2.45% respectively. Demand for EVs is surging due to government subsidies & rising cost of fuel, with Tesla delivering 87.4%…

Brent Crude Oil dipped below US$100/barrel amid fears that China’s lockdown will decrease demand. Apple shares tumbled after one of the company’s biggest suppliers’, Foxconn, halted operations in Shenzhen. Toyota’s joint-venture factory that produces the Rav4 utility vehicle in Changchun, China is temporarily closed. Financial markets have been dealt a…

Airbnb announced it will house 100,000 Ukrainian refugees for free. Ryanair is flying medical aid to Poland for Ukraine & Wizz Air offered 100,000 free seats to Ukrainian refugees. Uber is offering free rides to Ukranians escaping & offering employment to Ukranians in neighbouring countries While the list of companies…

BP exits 19.75% stake in Russian oil & gas giant, Rosneft, which accounts for around half of BP’s oil & gas reserves. Apple and Nike halted sales in Russia while Google and Apple removed Russian apps. Boeing and vehicle manufacturers like Toyota and Mazda cut shipments and support from Russia. …

Bitcoin dropped by 13% over the last 5-days amid tensions between Russia and Ukraine. Bitcoin is no longer a ‘safe-haven’ as digital currency falls in step with the broader market. Central Bank of Russia and Russian Ministry of Finance face-off over cryptocurrency legalisation. Russia has officially declared war on Ukraine…