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Showing 231 - 240 of 1110 results for "Stimulus"

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
The government's $130 billion JobKeeper stimulus package saw the ASX soar 7% in its best session in 40 years. But are we witnessing a market recovery, or just a dead cat bounce? Today, the Aussie bourse followed a strong session in the US overnight ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... to keep us, Australians all, in our jobs. According to the AFR, "this equates to "6.65 per cent of GDP. Total fiscal stimulus so far is $214 billion, or more than 11 per cent of GDP... Combined with the $105 billion from the Reserve Bank and other fiscal ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
Prime Minister Scott Morrison today announced $130 billion of spending over the next six months to support the livelihoods of Australians who lose their jobs and income as a result of COVID-19. The government anticipates as many as six million Australians ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... already experiencing significant volumes of calls, and anticipate this will increase considerably as a result of the stimulus package," she said. "We will look at a number of avenues to manage call and transaction volumes including shift work, noting ...

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
... spoken of liquidity issues since the outbreak of the COVID-19 crisis due to the market crash and the government's stimulus package allowing struggling members to gain early access to up to $20,000 of their super. Wilson has called out these funds ...

The bulls are back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... nine decades after record weekly US jobless claims came in below worst fears and the focus stayed on the US$2 trillion stimulus awaiting approval by the US House of Representatives, according to Morningstar. The stimulus package reportedly includes US$500 ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... economy. They will bounce back once the virus cases lessen." He added that the Australian government's $189 billion stimulus package was "confidence inspiring".

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... suddenly found their funds' holdings devalued. By the weekend, Pinnell's wish had been granted. The government's stimulus package included measures to help SMSF trustees cope with the fallout of COVID-19. In 2008 the minimum percentage withdrawal ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... claims came in a million less than expected; perhaps, it's because of the Senate's approval of the US$2 trillion stimulus package; perhaps it's the Fed's unlimited QE, new facilities to support corporate credit and commitment to get credit ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... "Turnaround Tuesday" saw the bourse surging 11.4% or 2112.98 points during trading, on hopes of a $3.4 trillion COVID-19 stimulus package. Other major US indexes posted mixed gains and losses overnight, with the S&P 500 rising a further 1.2% and the ...