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Morning Report 09 Aug 24: S&P 500 notches its best day since Nov 2022
Manage episode 433178283 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Wall Street surges as investors find comfort in the latest economic news. Positive data has tempered expectations for aggressive interest rate cuts by the US Federal Reserve. Eli Lilly's share price soared after its weight loss drug sales exceeded expectations. On the other hand, dating app Bumble stumbled to record lows due to disappointing outcomes and a failed strategy. Meanwhile, the Aussie dollar rose following hawkish comments from the Reserve Bank Governor.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.
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Manage episode 433178283 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Wall Street surges as investors find comfort in the latest economic news. Positive data has tempered expectations for aggressive interest rate cuts by the US Federal Reserve. Eli Lilly's share price soared after its weight loss drug sales exceeded expectations. On the other hand, dating app Bumble stumbled to record lows due to disappointing outcomes and a failed strategy. Meanwhile, the Aussie dollar rose following hawkish comments from the Reserve Bank Governor.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.
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Similar cu CommSec Market Update
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
…
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This famously is the year of elections. So the Stephanomics feed has been taken over by our bonus series, Voternomics. It’s a weekly look at the way geopolitics - and elections - are upending the longstanding assumptions of policymakers and business people around the world. Hosted by Stephanie Flanders, head of Bloomberg Economics and former BBC economics editor, former government advisor Allegra Stratton and Opinion columnist and author Adrian Wooldridge.
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