LA Private

October 2024

Markets on edge, Oil up, Petrol, US rate cuts, US labour market, Weak household spending

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets mostly fell over the last week as the war in the […]

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Return to branch banking

Well, well, well, will our four major banks change tack now that American giants JPMorgan Chase and Bank of America are rediscovering branch banking—particularly in poorer areas of the country? It’s a major about-face because, up until the end of 2022, JPMorgan, along with rivals like Wells Fargo, Citi, U.S. Bancorp, and others, had been

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Car industry crisis deepens

The news from the car industry grows worse by the day. Not only have the three major German manufacturers—VW, BMW, and Mercedes—all confessed to the prospect of lower sales and profits, with China being a common factor along with weak demand in Europe, but the large U.S.-European automaker Stellantis seems to be facing deeper problems

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