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Jim Chalmers pretends to care about productivity growth

Australia’s productivity growth over the past decade has been among the poorest in the OECD, hampering economic and per capita growth and contributing to the nation’s inflationary pressures. The Australian’s Matthew Cranston revealed that Treasurer Jim Chalmers has asked Treasury officials in the “structural reform branch” to develop new productivity policies for next month’s mid-year The post…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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Why Cloudflare Stock Soared on Monday

An analyst price target increase was indicative of positive sentiment toward the company's latest quarterly earnings.

  • Cloudflare's stock surged on Monday, reflecting strong investor sentiment.
  • Analyst James Fish raised Cloudflare's price target from $333 to $337 per share.
  • The company reported a 39% increase in third-quarter revenue to $782.5 million.

Take-Two Q2 Loss Narrows

(RTTNews) - Video games developer Take-Two Interactive Software, Inc. (TTWO), on Monday reported a narrower loss for the second quarter.

PepsiCo to cut some jobs in North America

The company lowered its full-year earnings forecast last month

  • PepsiCo plans to cut positions in North American division.
  • Job cuts aim to enhance speed, execution, and growth investments.
  • Cuts target sluggishness in beverage segment and declining soda sales.

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