Capital Brief — Business news and politics for the new economy
1 day ago · 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.
JPMorgan, Goldman Sachs drive Wall Street profit surge
23 hours ago · The news: JPMorgan Chase, Goldman Sachs, Citigroup and other US banks reported strong and better-than-expected, 4Q earnings, driven by a resurgence in trading, investment banking and dealmaking. The context: Revenue growth was fuelled by heightened corporate optimism, increased CEO confidence and strong equity and debt markets. The profit increases were magnified by the absence of 2023’s ...
BlackRock’s Larry Fink sees new highs after record-breaking year
1 day ago · The news: BlackRock hauled in US$641 billion ($1.03 trillion) in new client funds in 2024, propelling annual revenue past US$20 billion for the first time and cementing its position as the world’s largest asset manager. The numbers: Total assets under management climbed to US$11.55 trillion, slightly below analysts’ expectations of US$11.66 trillion, according to estimates cited by the FT.
Cooling US core inflation spurs market rally on Fed rate cut hopes
22 hours ago · The news: Cooling core US inflation in December 2024 surprised markets and reignited hopes for Federal Reserve rate cuts, as core CPI rose just 0.2%—below forecasts of 0.3%. The numbers: Data from the US Bureau of Labor Statistics showed inflation rose 0.4% in December 2024, with annual inflation ending at 2.9%, driven in part by a 4.4% surge in gas prices.
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1 day ago · Business news including Australia's VC reckoning, ASX ends lower; Arafura, lithium miners surge, Nine brings in Amanda Laing as part of revamped corporate structure.
China pledges 2025 stimulus for economic revival — Capital Brief
Dec 9, 2024 · The news: China’s Politburo announced a shift to a "moderately loose" monetary policy for 2025 in the first move towards monetary easing in 14 years, paired with a "more proactive" fiscal policy. The move away from a “prudent” stance comes as China seeks to address weak growth, deflation pressures and threats from US …
US data shows job openings rise, hiring slows, inflation persists
Jan 7, 2025 · The news: US job openings surged to 8.1 million in November 2024, the highest since May 2023 and higher than the 7.7 million expected by economists polled by Reuters. The numbers: Data in the Labor Department JOLTS report defies expectations of a labour market slowdown, even as it also showed hiring dropped to 5.27 million, down from the 5.39 million made during October.
US inflation ticks up, Fed cut in focus — Capital Brief
Dec 11, 2024 · 1. CPI path: US inflation rose to 2.7% in November from 2.6% in October, according to the Bureau of Labor Statistics, as monthly CPI increased by 0.3%, matching forecasts. Core CPI, excluding food and energy, also rose 0.3% month-on-month and 3.3% annually. Shelter costs, making up nearly 40% of the …
US economy in soft landing ahead of elections — Capital Brief
Oct 30, 2024 · 1. Election economics: The US economy grew 2.8% in the third quarter, driven by strong consumer demand and bolstered by business investment and government spending, particularly in defence, according to a preliminary estimate by the Commerce Department. Days before the 5 November US presidential election, the data came slightly lower than the 3% GDP growth expected, but shows the economy ...
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Capital Brief is a business and politics focused publication that views the world through a new economy lens. It is targeted at the people who will shape this country in the coming decades: 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.