Good morning. A strong day for the US markets led by tech stocks last Friday should help the ASX open higher today. Meanwhile, tomorrow's rate day again with the markets currently expecting no changes to interest rates.
Good morning. Meta beat, Microsoft beat, Google beat... maybe it's not so bad after all. Collectively these three have now added US$350bn+ to their market caps since reporting. Not a bad way to end the week.
Good morning. Meta results just dropped. For the folks early in their career and looking to break into tech, check out the TAC x Earlywork guide here.
Good morning. Welcome back from the ANZAC holiday. If you track the US markets, it's a big week in the tech space this week, with Microsoft and Alphabet reporting earnings just minutes ago, Meta to report tomorrow and Amazon the day after
Good morning. Word on the street is that Jarden may be doing (or has already done) another round of cuts in their IB team based on submissions to The Aussie Corporate + this AFR article.
Good morning. Not much to say, other then enjoy the weekend ✌
Good morning. To round out the investment bank quarterly reports, Morgan Stanley came in overnight with a Q1'23 drop in IB revenue of 32% vs last year. That puts them at the top of the league tables among bulge-bracket US banks... if you're looking at YoY IB revenue declines.
Good morning. Most US investment banks have reported Q1'23 earnings and no surprises to see IB revenues sharply lower. Morgan Stanley will report tonight, but otherwise IB revenues for the quarter have dropped between 19-47% YoY. (Link to in Quick Sync)
Good morning. Young Aussies with a HECS debt are about to get slapped with a +7% hit to their balance — as this year's indexation will reflect the inflation blowout. This must be one of few years where the cost of HECS debt will exceed the cost of a mortgage. Don't fact check this.
Good morning. Just another quick reminder for grads to chip in on the Grad Salary Survey before it closes. Also, hats off to Suisse_Cheese who continues to lead the LOI tipping comp with a 3-tip lead, despite not being one of just 3 folks who tipped the Bombers win over Melbourne.
Good morning. For the grads out there, make sure to check out the 2023 TAC Grad Salary Survey. It's open to all industries/professions so make sure to contribute so everyone benefits from a little more transparency in their life.
Good morning. US inflation is finally showing signs of slowing, with the March print coming in at the lowest rate in about 2 years. It still came in at +5%, so not slow in "normal" years but you might still say nature is (sort of) healing.