Latest news with #GaryMurphy
Daily Mail
10-08-2025
- Entertainment
- Daily Mail
INXS stars reveal the bloated celebrity guest list and backstage blowout at epic Wembley Stadium gig that cost the band their entire $7 million dollar payday
Members of legendary Australian rock band INXS have revealed how the band lost millions over their legendary gig at London's Wembley Stadium in 1991. Despite selling out the gig, which had a live audience of 74,000, almost all of the money made at the box office for the show was gone before the band even took to the stage. The cash, £1.4 million GBP or $7 million AUD in today's money, was spent on funding a film of the concert. The decision was made by the six-piece band's manager, Gary Murphy, who hired a famous British music video director, David Mallet, to direct it. Still, according to INXS members Jon Farriss and Kirk Pengilly, the event and the ensuing film were worth it. It helped to cement the band's reputation in the notoriously difficult UK market, where they had scored two hit albums in a row, X in 1990 and 1987's Kick. Despised by UK critics and adored by fans drawn to the saucy stage presence of the lead singer, the late Michael Hutchence, Farrisssaid the band had the last laugh. 'That tall poppy thing, I think we were one of the first bands to experience it on that level,' Farriss, 64, told the Courier-Mail on Sunday. 'We taught ourselves to stay quiet about it, we just wouldn't talk about it.' Elsewhere in the chat, the veteran rockers revealed the band had a 'guest list' for the Wembley gig, numbering a staggering 3000 people. Among the A-listers there for the show was former Hutchence girlfriend Kylie Minogue and then pop superstars Duran Duran. 'Yeah, I heard it was over 2,000, closer to 3,000 people,' Pengilly, 65, said. 'Apparently it was insane. I didn't know any of them. But, you know, it was London, (therefore), it was celebrities.' It comes after never-before-heard INXS demos, featuring vocals from late frontman Michael Hutchence, were released earlier this year. The tracks are part of the 40th anniversary reissue of the iconic band's 1985 album Listen Like Thieves, which reached number one in Australia. Among the unreleased songs is a candid studio moment where Hutchence's charismatic voice echoes through early takes of their '80s hit track This Time. INXS saxophonist Pengilly said compiling the tracklist was a moving experience. 'I did get emotional with this, because there were some out-takes of the banter between us all,' he told The Daily Telegraph. 'But we didn't keep a lot of that stuff, so I was really surprised when the tapes turned up. So this is pretty special, a real time capsule.' The band conquered the world with their 1985 album, which reached number 11 on the US Billboard chart and went double platinum there. It also charted in New Zealand, the UK and Canada. It featured their first US top five single, What You Need, as well as the hit songs Kiss the Dirt (Falling Down the Mountain) and the title track. The rockers continued to perform with singer Michael Hutchence until his tragic death in Sydney in 1997, where he died by suicide in a hotel room. The Australian group were one of the world's most successful rock bands in the late '80s. Following their formation in 1977, they stormed the charts with songs including Need You Tonight, Good Times, New Sensation and Kick. They are one of Australia's highest-selling bands of all time, with over 50 million albums sold worldwide. Their 2011 greatest hits album has spent a record 623 weeks on the ARIA top 100 albums chart. Its success followed the release of the 2014 Channel Seven mini-series about the band called Never Tear Us Apart. The band split after 35 years together in 2012, although its surviving members continue to reunite for special events.
Yahoo
20-06-2025
- Business
- Yahoo
Bitcoin and gold gain as stagflation fears drive investors from bonds
On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke with Gary Murphy, director of liquidity management at Hidden Road, about how surging sovereign bond yields are shifting investor sentiment. As US, Japanese, and European government debt hits multi-decade highs, Murphy noted that confidence in fixed income is faltering, pushing capital toward alternative assets like bitcoin and gold. He pointed to rising inflation fears, Moody's US debt downgrade, and global fiscal deterioration as key drivers behind this flight to perceived safety. In particular, bitcoin is no longer seen as a speculative fringe asset, but increasingly as a mainstream hedge, a shift underscored by major institutional adoption. The conversation also touched on broader market dynamics, including the transformative role of AI and robotics in potentially alleviating inflation pressures through productivity gains. Murphy highlighted how younger investors are embracing higher-risk assets, such as AI-themed ETFs and crypto, while Baby Boomers continue to favour bonds and dividend-paying stocks. He described this as a generational shift, not just a cyclical trend. Murphy also provided a glimpse into Hidden Road's expanding product suite, including digital asset prime brokerage, OTC clearing, and the soon-to-launch Route 28 swaps platform, which integrates digital and traditional markets, signalling where institutional finance is heading. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
Bitcoin and gold gain as stagflation fears drive investors from bonds
On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke with Gary Murphy, director of liquidity management at Hidden Road, about how surging sovereign bond yields are shifting investor sentiment. As US, Japanese, and European government debt hits multi-decade highs, Murphy noted that confidence in fixed income is faltering, pushing capital toward alternative assets like bitcoin and gold. He pointed to rising inflation fears, Moody's US debt downgrade, and global fiscal deterioration as key drivers behind this flight to perceived safety. In particular, bitcoin is no longer seen as a speculative fringe asset, but increasingly as a mainstream hedge, a shift underscored by major institutional adoption. The conversation also touched on broader market dynamics, including the transformative role of AI and robotics in potentially alleviating inflation pressures through productivity gains. Murphy highlighted how younger investors are embracing higher-risk assets, such as AI-themed ETFs and crypto, while Baby Boomers continue to favour bonds and dividend-paying stocks. He described this as a generational shift, not just a cyclical trend. Murphy also provided a glimpse into Hidden Road's expanding product suite, including digital asset prime brokerage, OTC clearing, and the soon-to-launch Route 28 swaps platform, which integrates digital and traditional markets, signalling where institutional finance is heading. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
Why bitcoin and gold are rallying as bond yields hit 30-year highs
As US, Japanese, and European sovereign bond yields surge to multi-decade highs, investors are increasingly turning to safe havens such as gold (GC=F) and bitcoin (BTC-USD) to preserve capital and hedge against the growing risk of stagflation Read more: Crypto live prices In an exclusive conversation on Yahoo Finance Future Focus, Hidden Road director of liquidity management Gary Murphy unpacked why faith in fixed income is wavering and where the smart money is flowing instead. Bond yields in US Treasuries are soaring to levels not seen in over three decades, reflecting a shift in global financial markets. 'We have seen yields rising in recent months, and the curve has been steepening across the board. I think the recent downgrade by Moody's of the US debt is an acknowledgement that, the fiscal outlook in the US and globally, is deteriorating and this, coupled with, the tariffs that have been imposed, the worries about inflation stoking up again, has central banks bracing for, a potential stagflation scenario," Murphy told Yahoo Finance UK. He pointed to an array of catalysts — newly imposed tariffs, rekindled inflation fears, and central banks bracing for the possibility of stagflation. 'All of this, coupled with the recent volatility across all traditional asset classes has driven investors to look to look elsewhere, because of that, assets like gold and bitcoin in particular have begun to catch on recently," he added. While gold has long been the go-to inflation hedge, bitcoin's (BTC-USD) surge to fresh all-time highs reflects its growing acceptance as 'digital gold.' Historically, the crypto market was dominated by niche funds and unregulated exchanges. However, today, a broad range of institutions, from pension funds to Wall Street market makers, are embracing digital assets. So what's driving this shift in the current macroeconomic environment? Read more: Why UK can leapfrog EU and US on crypto, according to Coinbase exec 'The participants entering the space in the past two to three years are vastly different from those of a decade ago," Murphy said. "You're seeing tier-one market-structure names make meaningful investments.' He highlighted stablecoins as a case in point — in 2024, more than $27tn of stablecoin volume flowed on-chain, surpassing even Visa (V) and Mastercard's (MA) combined volumes. 'I think for a long time, the kind of narrative was that institutions are coming into the digital space, but particularly this year, 2025, the institutions are here," Murphy said. Pivoting to technology's potential to reshape macroeconomics, the discussion turned to whether AI-driven productivity gains could help tame inflation or simply fuel fresh volatility. Murphy said: 'I think it has to be taken seriously. And I think you've already seen some meaningful productivity gains in recent years, with the AI boom, I think you know, anywhere where human labour is a material cost or automation can make a difference, this will lead to greater economics overall, for companies in general.' Read more: 6 crypto developments in 2025 that will keep fuelling bitcoin's rally However, he cautioned: 'I'm wary to say inflation as a whole will be solved, because I think there are sort of more structural issues that need to be addressed. But it's definitely something that policymakers and governments alike are hoping that there will be a productivity boom driven by AI, which can help relieve some of the debt burden and ultimately bring down rates in the long term.' Murphy then described how different people of different ages are recalibrating their portfolios in this era of high yields and market uncertainty. 'There is a fundamental shift for the younger generation, particularly millennials and Gen Z,' Murphy said. 'Investing is much more accessible for them, they're much more accustomed to doing things on their phone. It's much easier to access these types of investments. 'As a younger generation are going to be naturally more comfortable taking risks, so they'll move a bit further up the risk curve when they're allocating as they mature, and continue their investment journey.' Murphy then discussed recent developments at Hidden Road. 'Our first product was FX prime brokerage at Hidden Road, and this was followed by digital asset prime brokerage futures clearing, where futures clear on the CME, OTC swaps clearing, and also fixed income repo,' he said. 'We've seen strong growth across those product lines, and we're excited about our Route28 synthetic swap offering, where you can trade digital swaps with equities and FX.' Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sunday World
05-05-2025
- Sunday World
Man with over 100 convictions jailed after being caught driving while banned and on probation
Gary Murphy (40) pleaded guilty at Dún Laoghaire District Court to the offences, which took place on April 17, 2025, on the Green Route in Dundrum A serial offender with 101 previous convictions has been jailed for three months after he was caught driving while banned, uninsured and unlicensed while on probation. Gary Murphy (40), of Rosemount Park, Dundrum, Dublin 14, pleaded guilty at Dún Laoghaire District Court to the offences, which took place on April 17, 2025, on the Green Route in Dundrum. The court heard that Murphy, who is currently serving a 10-year driving ban, took his partner's car, which had been parked at his home. His partner, who lives in a different area, was experiencing a medical emergency on the day in question. The court was told the defendant could have taken a taxi but chose to drive instead. Murphy has scores of previous convictions, including for public order offences, criminal damage, assault, and breaches of the Weapons Act. He also has previous convictions for road offences including dangerous driving, drink-driving and driving without insurance. This case marked his 102nd conviction overall and his third for driving without insurance. At the time of the most recent offence, Murphy was under the supervision of the probation service. He told the court he is working full-time as a digger operator, pays rent to his father, and contributes maintenance for his two children, aged one and 20. His most recent convictions were from March 2024, relating to theft, public order, and drug possession. Prior to that, he had not come to Garda attention since May 2019. Judge Anne Watkin noted the seriousness of Murphy's record and said a custodial sentence was warranted. While she said the charges could have led to a longer prison term, she decided not to impose consecutive sentences and sentenced Murphy to three months in prison. The court heard that Murphy is not in receipt of legal aid and is paying for his legal representation privately. Funded by the Courts Reporting Scheme
