Capital Brief — Business news and politics for the new economy
WEBCapital 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 …
US jobs report surprise shifts Fed cut odds — Capital Brief
WEB4 hours ago · 1. Jobs jolt: US employers added 254,000 jobs in September, significantly beating expectations and showing resilience in the economy, data released by the US Bureau of Labor Statistics on Friday showed. The data moved bets on Fed funds futures sharply towards a 25-basis-point cut in November, down almost 10 basis points from before the report, according to Bloomberg.
Finance and markets - Capital Brief
WEB2 days ago · The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
US jobs boom shakes rate cut bets — Capital Brief
WEB7 hours ago · The news: US employers added 254,000 jobs in September, significantly beating expectations and showing resilience in the economy, data released by the US Bureau of Labor Statistics on Friday showed. The numbers: The numbers exceeded the 140,000 jobs forecast by economists surveyed by Reuters and were higher than the revised figure of 159,000 jobs added in August.
Central bank scrutiny, business data, housing schemes: the week …
WEB23 hours ago · Major releases. The document: Minutes of the September 2024 Monetary Policy Meeting of the Reserve Bank Board. When: Tuesday 8 October 2024 What to expect: We already know from RBA governor Michele Bullock’s post-September rate meeting press conference that the board did not consider a hike outright, which was markedly different to her previous characterisations of the meetings where both ...
OpenAI closes record US$6.6b raising, hits US$157b valuation
WEB4 days ago · 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 ...
OpenAI gets $5.8b credit line, full liquidity to 'scale'
WEB3 days ago · The news: OpenAI secured a US$4 billion ($5.84 billion) revolving credit line on top of its just completed US$6.6 billion equity fundraising, giving the ChatGPT creator liquidity to fund new initiatives and “operate with full agility as we scale,” the company said Thursday. The numbers: The new financing was announced just a day after closing its record fundraising, with several banks ...
US Fed in soft landing path with gradual cuts — Capital Brief
WEB6 days ago · 1. Fed path: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. Following the Fed’s jumbo half-percentage point cut in September, Powell said the bank is not on a course for aggressive rate ...
Fresh house prices data set to shake up negative gearing debate
WEBSep 29, 2024 · The political debate about the economy will only intensify with new house prices data and budget surplus figures set to dominate the week ahead in macro. The government will reveal the full details about how the budget closed out last financial year. AAP Image/Dean Lewins. New data on home prices ...
Budget surplus surged to $22 billion last year — Capital Brief
WEBSep 21, 2023 · The news: The federal government landed a much bigger-than-estimated budget surplus last financial year on the back of high commodity prices and robust jobs growth. The numbers: The budget surplus for the 2022/23 financial year rose to $22.1 billion, according to the government’s final budget outcome released on Friday. The figure is well above the slender $4.3 billion surplus forecast in ...