Markets

Australia’s billionaires struck gold during the pandemic. Now it’s time to combat rising inequality, analysts say.

Australia’s 31 billionaires accumulated $85 billion more between them during the COVID-19 pandemic, according to the latest Oxfam report. The experience contrasts sharply with the those of the average Australian, who has faced rising unemployment and imminent cuts to government support. With economists expecting the wealth gap to only widen, […]
Australia’s billionaires struck gold during the pandemic. Now it’s time to combat rising inequality, analysts say.
Markets

Trump and Biden are the ‘diametric opposites’ of what the US economy needs. Here’s why the elections will drive increased market volatility and risk, one chief economist says

President Donald Trump and Democratic challenger Joe Biden are the “diametric opposites” of what the US economy needs, Saxo Bank’s chief economist said on Thursday. “Both would spend huge amounts of money, both would lean on the Fed for supporting easy financing conditions and neither of them would seek deep […]
Trump and Biden are the ‘diametric opposites’ of what the US economy needs. Here’s why the elections will drive increased market volatility and risk, one chief economist says