Friday, August 3, 2018

Apple market value tops US$1 trillion - but could it eventually go the way of the Blackberry?

Apple has become the first company listed on Wall Street to hit a trillion US dollars in value.

The tech company's shares has surged by 50,000 percent since being listed in 1980 and now accounts for 4 percent of the S&P 500 index.

But some analysts worry that without continued growth, Apple could eventually go the way of its once fierce competitor Blackberry.

Here's my report from this morning's AM

Wednesday, August 1, 2018

AMP chairman David Murray to bolster CEO power in governance shakeup

AMP chairman David Murray has vowed to make the embattled wealth manager's board and management more accountable for their actions. 

The former head of the Commonwealth Bank plans to push back against ASX corporate governance guidelines that he says have in some ways diluted the power of the AMP chief executive. 

ABC's Peter Ryan is covering the banking Royal Commission which has accused AMP of unlawful and unethical behaviour.

Listen from today's edition of The World Today


Tuesday, July 31, 2018

Flatlining incomes, housing stress, inequality narrowing but men doing more housework says HILDA survey

Flatlining incomes, persistent housing stress, renters struggling to buy their own homes and women doing more housework than men.

They're some of the top findings of the closely watched social and economic barometer otherwise known as the HILDA.

The Household Income and Labour Dynamics Survey out today covers 17-thousand Australians looking at income, employment, health and education over the participants' lifetimes.

I spoke on AM with the report's co-author Professor Roger Wilkins from the Melbourne Institute.

Monday, July 30, 2018

Telstra in major management overhaul - four top executives axed


Telstra has announced a major shakeup of its senior management with four top executives being shown the door.

The leadership overhaul comes after the telco giant flagged big job losses in June as it fights back against a competitive digital world and threats from the rollout of the National Broadband Network.

Here's my analysis from The World Today

Big business urges PM to stand firm on company tax cuts - I speak with Aust Industry Group boss Innes Willox

The Prime Minister is being urged to stand firm in the face of growing pressure to dump his proposed company tax cuts. 

Innes Willox, chief executive of the Australian Industry Group, agrees Mr Turnbull needs to be politically pragmatic while selling the benefits to the economy. 

I spoke with Innes Willox in this morning's AM program