Australian shares are poised to open modestly higher even as investors hit pause on the rally in New York. Gold retakes $US1800 mark. Oil eases. $A rebounds.
: With the Reserve Bank on a definite course towards raising interest rates, it’s time for investors to think hard about how to protect their returns from inflation.: Reserve Bank governor Philip Lowe offers capitulation on inflation, but pushes for rate hike patience.Tesla will recall 53,822 US vehicles with the company’s Full Self-Driving software that may allow some models to conduct “rolling stops” and not come to a complete stop at some intersections posing a safety risk.
Home Depot it would hire more than 100,000 workers across its stores and warehouses, as the retailer gears up for its key spring selling season when demand for home-improvement products is at its peak. It has typically hired around 80,000 workers for spring over the past several years.T said it will spin off WarnerMedia in a $US43 billion transaction to merge its media properties with Discovery and also cut its dividend by nearly half.reported a fourth-quarter profit of $US8.
“Of particular note was the decrease in the backlog of new order index, which fell to its the lowest level since 2020,” said Peter Essele, head of portfolio management for Commonwealth Financial Network. “The continued decline in the backlog of orders index suggests that the supply chain freeze continues to thaw, offering a glimmer of hope on the inflationary front.“
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