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.
Good morning. In case it's feeling a bit slow in the markets right now, well... the IMF agrees. The IMF updated their global growth forecasts overnight — cutting Australia from +1.9% to +1.6%. More in the Quick Sync.
Welcome back from the long weekend, all! We're now 4 weeks deep into the footy tipping comp, and Suisse_Cheese — which we're guessing is some sort of homage to Credit Suisse — has jumped out to a 2-point lead.
Good morning. Happy Passover to those who observe, and a Happy (impending) Easter ahead of the long weekend!
Good morning. No real surprises, but a report by Redpoint VC quantifies some of the 2020-2022 startup/VC boom days...
Good morning. It's interest rate day today, so we've got what we think is the ultimate sentiment predictor for what the RBA will do with our Linkedin Poll. We can only imagine Phil Lowe will be monitoring the results closely.
Good morning. The Aussie construction market is having a so-called Credit Suisse moment (fka a Lehman moment) with a couple of builders — Porter Davis and Lloyd Group — both going under over the weekend.
Good morning. As expected, a New York State Comptroller report showed that 2022 was a tougher (but not quite that tough) year for finance pros in NYC.
