Latest news with #MarketswithMadison
NZ Herald
22-05-2025
- Business
- NZ Herald
How Tourism Holdings circumvented US-Canada tariffs
Bookings for motorhome rentals in the United States have dropped by as much as 50%, as inbound tourism into the country falls following tariffs, according to Tourism Holdings. 'The high season is looking like it will be challenging [in the US],' THL chief executive Grant Webster told Markets with Madison. A recovery could occur if Americans decided to travel domestically and rent motorhomes, he said. 'We'll have to wait and see because the domestic market books really late. 'I think that pullback that we're seeing is, in essence, a timing delay. I think people who were going to go to the US are still either going to travel somewhere, or they're going to travel to the US at a later time.'
NZ Herald
15-05-2025
- Business
- NZ Herald
Rocket Lab's Sir Peter Beck not giving up on Mars despite Trump ‘killing' Nasa mission
'If anything goes to Mars … Chances are it will have a Rocket Lab logo on it.' Rocket Lab announced a slight slip in quarterly earnings this month, as it continued to make progress on its medium-lift Neutron rocket, set to launch for the first time later this year. The company that designed, built and launched rockets and spacecraft from launch sites in New Zealand and the United States was experiencing increased demand from the US military, including Neutron becoming eligible for the US$5.6 billion ($9.5b) National Space Security Launch (NSSL) programme. 'Our national security projects and our national security division continue to grow and grow and grow,' Beck said. 'Also, everybody understands we live in a much more unstable world right now, and national security conversations are dinner-time conversations.' Watch Sir Peter Beck discuss its defence applications, including hypersonic rockets, and see a part of the Neutron rocket up close in today's episode of Markets with Madison above. Get investment insights from executives and experts on Markets with Madison every Friday here on the NZ Herald, on YouTube and wherever you get your podcasts. Sponsored by CMC Markets. Disclaimer: The information provided in this programme is of a general nature, and is not intended to be personalised financial advice. We encourage you to seek appropriate advice from a qualified professional to suit your individual circumstances. Madison Malone (nee Reidy) is host and executive producer of the NZ Herald 's investment show Markets with Madison. She joined the Herald in 2022 after working in investment, and has covered business and economics for television and radio broadcasters.
NZ Herald
08-05-2025
- Automotive
- NZ Herald
Behind the Port of Auckland: Ford utes, tractors and a 1525% fee hike
However, challenges in some sectors of the economy were obvious. 'Cement is flat, structured steel through multi-cargo is the worst it's ever been, cruise was okay this year, next year [cruise demand] drops by 30%,' Gray told Markets with Madison. The volume of second-hand vehicle imports had already halved from its peak, he said. 'This trade of all has really been hit by the slowdown in the New Zealand economy.' The cars that were coming in were more combustion engine conventional cars, not electric. 'I think what will also happen is, if the tariff situation stays with the US and China, I think China will start to look for free-trade markets,' Gray said. 'So rather than sending the BYDs into the West Coast, I'm expecting us to see some quite significant growth in the importation of BYDs into markets like ours.' Gray said the company, which was owned but not controlled by the Auckland Council, planned to 'sell' back two of the port's wharves to the city for recreational use. 'Not give up, sell,' Gray explained, relating to a debate with the council about whether the land would change hands through a commercial transaction. The port had guided that it would make a full-year net profit after tax of between $75 million and $80m in the financial year about to end. 'I've been quite open about starting to charge much more in access charges, because in my view, the city wasn't getting a fair return.' The charge for a vehicle, such as a truck, to enter the container terminal was $8 when Gray arrived at the port in March 2022. It now cost $130 per vehicle - a 1525% increase. Advertise with NZME. And Gray planned to keep increasing the cost, he said, to be more in line with Australian ports that charged around $350. The company had paid down $100 million worth of debt in the past three years. It scrapped a straddle software automation project, resulting in a write-off of $65 million. 'I don't think you should ever rule out automation, but what I would say is that automation project wasn't the right one. 'We don't have any capacity constraints now for at least the next 15 to 20 years.' Go behind every aspect of the Port of Auckland operation in today's episode of Markets with Madison. Sponsored by CMC Markets. Disclaimer: The information provided in this programme is of a general nature, and is not intended to be personalised financial advice. We encourage you to seek appropriate advice from a qualified professional to suit your individual circumstances. Madison Malone (nee Reidy) is host and executive producer of the NZ Herald 's investment show Markets with Madison. She joined the Herald in 2022 after working in investment, and has covered business and economics for television and radio broadcasters.
Scoop
07-05-2025
- Business
- Scoop
Madison Malone Awarded The NZUS Council 2025 Media Fellowship
Press Release – NZUS Council Madison will spend three weeks in the United States in June 2025 to film and publish a series of in-depth episodes for her business show Markets with Madison. The NZUS Council is delighted to announce that the 2025 NZUS Council Media Fellowship has been awarded to New Zealand business journalist Madison Malone. Madison will spend three weeks in the United States in June 2025 to film and publish a series of in-depth episodes for her business show Markets with Madison, highlighting the people, companies and policy developments shaping the US/New Zealand business relationship. Council Chair Jonathan Mason says 'Madison is to be congratulated on becoming our 2025 Media Fellow. The calibre of applications for this year's Media Fellowship was extremely high. Madison impressed us with her track record of business reporting and the wide following achieved by Markets with Madison. We look forward to her reporting on how New Zealand businesses are going in the US in these uncertain times.' Madison Malone said, 'It's a real privilege to share the stories of New Zealand companies taking on the world and I'm so excited to do this with the support of the NZUS Council in the United States this year, at what feels like a pivotal time. New Zealand and the US share core values of freedom, ambition and innovation, but our markets are also very different. My interviews from the US will include Kiwi entrepreneurs and executives sharing valuable lessons, providing a useful playbook for others hoping to break into the American market and all the opportunity it offers.' Madison plans to travel across the United States in June to produce video episodes for her business show Markets with Madison, to be published on her YouTube channel and the New Zealand Herald. Markets with Madison had 2.1 million video views in 2024. Malone was named in the Forbes 30 Under 30 Media List the same year. Her content featuring CEOs, founders, and industry leaders is known for its integrity, insight and accessibility, and regularly appears in video, podcast and print form.
Scoop
07-05-2025
- Business
- Scoop
Madison Malone Awarded The NZUS Council 2025 Media Fellowship
The NZUS Council is delighted to announce that the 2025 NZUS Council Media Fellowship has been awarded to New Zealand business journalist Madison Malone. Madison will spend three weeks in the United States in June 2025 to film and publish a series of in-depth episodes for her business show Markets with Madison, highlighting the people, companies and policy developments shaping the US/New Zealand business relationship. Council Chair Jonathan Mason says 'Madison is to be congratulated on becoming our 2025 Media Fellow. The calibre of applications for this year's Media Fellowship was extremely high. Madison impressed us with her track record of business reporting and the wide following achieved by Markets with Madison. We look forward to her reporting on how New Zealand businesses are going in the US in these uncertain times.' Madison Malone said, "It's a real privilege to share the stories of New Zealand companies taking on the world and I'm so excited to do this with the support of the NZUS Council in the United States this year, at what feels like a pivotal time. New Zealand and the US share core values of freedom, ambition and innovation, but our markets are also very different. My interviews from the US will include Kiwi entrepreneurs and executives sharing valuable lessons, providing a useful playbook for others hoping to break into the American market and all the opportunity it offers." Madison plans to travel across the United States in June to produce video episodes for her business show Markets with Madison, to be published on her YouTube channel and the New Zealand Herald. Markets with Madison had 2.1 million video views in 2024. Malone was named in the Forbes 30 Under 30 Media List the same year. Her content featuring CEOs, founders, and industry leaders is known for its integrity, insight and accessibility, and regularly appears in video, podcast and print form.
