Friday Tidbit

The AI productivity revolution has a new poster child. Matthew Gallagher’s AI-powered company, Medvi, a telehealth provider of GLP-1 weight-loss drugs, last year reported annual revenue of US$401 million. This year the company is on track to reach $1.8 billion in sales. And the real surprise? Gallagher’s only employee is his younger brother Elliot. It’s

The Federal Government last night handed down its 2026 Budget, with the largest reforms since the Howard era. With the Iraq war and ongoing fuel crisis causing uncertainty across markets and a focus on ‘intergenerational fairness’, there are some key changes for investors. The Budget, if it moves forward into legislation, will see scaled-back tax

As widely expected, the Reserve Bank of Australia raised the official cash rate at its meeting on Tuesday, increasing it by 25 points to 4.35%. It’s the third consecutive hike this year, completely reversing last year’s cuts. Inflation remains above the RBA target of 2–3%, with headline inflation reaching 4.6% for the 12 months to

The deadline for EOFY super co-contributions is approaching. Designed to help individuals save for retirement within superannuation, the scheme allows you to make either concessional or non-concessional contributions. Voluntary contributions effectively allow you to reduce your taxable income and potentially lower your marginal tax. If you have a child at university or partner working part

The federal government is considering changes to current capital gains tax (CGT), according to media reports. Introduced in 1985, the CGT, which treats investment gains as taxable income, was initially tied to inflation. It applies when assets held for at least 12 months are sold and levied on the amount the asset has increased in

The latest MSCI AC World Index is in, with some startling results. The data tracks five-year cumulative returns across global markets, which is the total growth over five years assuming reinvestments of dividends and capital gains. While there was overall strong performance across global equities, of note were individual market results. Several international markets outperformed

With the current Middle East conflict, accelerating oil prices and Donald Trump’s ongoing tariff war, clients continue to ask about the probability of a global recession. According to the latest Worldwide Recession Probability data from Franklin Templeton, Australia has a recession probability of 10%, a surprisingly low figure that is also down from last year’s

Kevin Stevens, a client of Newealth since 2002 is fundraising for a fantastic cause to support young athletes on the NSW Mid North Coast. Six years ago, Southern United Football Club (SUFC) was established in Forster to provide a centre for young footballers to train, play and compete against the best in the Newcastle Football

When you hear the phrase ‘AI Race, ’ you’re likely to think of cutting-edge technology, but the key to winning the ‘race’ may be something else – energy generation. As we reported last year, global grid investment was set to top $470 million in 2025, an annual increase of 16%. While a portion of that

Interest rates are once more heading up. Reserve Bank of Australia (RBA) has adopted a more measured approach, with the cash rate currently around 4.10%. While it may feel like rates have only moved upward, they are cyclical. In 1991, the RBA cash rate was 12%. By December 2001, it had fallen to 4.2%, before