Why extra super payments will come from you
There’s something odd about those television and internet advertisements telling us we are getting more super. The money seems to come from nowhere. “Pretty soon,” explains the woman getting onto an escalator, “the amount of super paid on top of our wages will go up”. Fair enough, but the increases in compulsory super contributions will…
Earnings Season: Half-time report
Earnings Season: Half-time report Corporate Profit Reporting Season • Each ‘earnings season’ or ‘profit-reporting season’ CommSec tracks all the earnings results of S&P/ASX 200 companies to obtain a comprehensive picture of the aggregate health of Corporate Australia. • The earnings season has another week to go. But so far, 85 of the ASX200 index group…
Higher Aussie to soften petrol pump pain
Higher Aussie to soften petrol pump pain Petrol Prices; Used vehicle market; Household survey • Fuel prices: Last week the national average price of unleaded petrol rose by 2.2 cents a litre to 131.2 cents per litre (c/l) according to the Australian Institute of Petroleum. • Used car prices: According to the Datium Insights, used…
8 lessons from 12 remarkable months
This time last year Mrs S and I were heading off to Alentejo for a week of good food, wine and late winter sunshine. Thank goodness we did. It’s hard to remember the carefree, hop-on-a-plane world we took for granted just 12 months ago. Obviously, I didn’t know at the time that the world’s stock…
CommSec Daily Report Wednesday
Latest news The Australian sharemarket is coming under pressure for the first time this week, with the ASX 200 declining by 0.62 per cent to 6,874.3 on one of the busiest days of the year for half year results. Declines from supermarket chains, gold miners, travel stocks, tech and healthcare are weighing most heavily. Strong…
CommSec Daily Report Tueday
Latest News The Aussie market has failed to follow Wall Street higher with another record session for major US indices overnight. The ASX 200 is softer at lunch on Tuesday, down 41 points or 0.6% to 6,839 around midday and trading at intraday lows as it eases back from the 11-month highs hit just yesterday….
The justification of Tesla’s share price
Elon Musk is now the world’s richest person, edging out previous title holder Amazon’s Jeff Bezos. His rocketing fortune is due to the booming share price of Tesla, the maker of electric vehicles and clean energy technologies. In the past week Tesla’s share price surpassed US$880, ten times its March 2020 low of US$85, giving…
When is a sustainable fund sustainable?
Is a fund sustainable just because it says it is? That is the essential question behind the topic of this article: greenwashing. A word that has even earned its place in Meriam-Webster, which defines it as, “expressions of environmentalist concerns especially as a cover for products, policies, or activities”. Think of greenwashing as an asset…
Record lift in petrol price. Trade surplus soars.
Record lift in petrol price. Trade surplus soars. Petrol Prices; Preliminary trade; Used vehicle market Fuel prices: The national average price of unleaded petrol rose by a record 14.4 cents a litre last week to 134.0 cents a litre according to the Australian Institute of Petroleum. But petrol prices are now easing in Sydney, Melbourne,…
East Coast petrol prices spike; Used car prices lift;
East Coast petrol prices spike; Used car prices lift China’s ‘V’-shaped recovery; Aussies return home Petrol Prices; Used car prices; Tourism; Chinese economic data Fuel prices: The national average price of unleaded petrol fell by 0.2 cents to 119.6 cents a litre last week according to the Australian Institute of Petroleum. But daily unleaded retail…
