Blogotariat

“Hey, get down from there!” Quick, am I talking to a cat, a child, or the president of the United States? If you guessed the president, you’d be right. For some reason, Donald Trump got on the roof of the White House briefing room on Tuesday and just sort of ambled around for a bit while shouting to reporters down on the ground.

The Market Ear on the stock stall. SPX levels SPX is trading inside the trend channel that has been in place since late May. Short term support at 6300 (futures), which is the lower part of the channel. 50 day comes in around the 6200 area. Resistance: ATHs. Source: LSEG Workspace NASDAQ levels NASDAQ is

The post Stocks out of fuel appeared first on MacroBusiness.

Statistics New Zealand on Tuesday released Q2 labour force data, which reported a decline in employment and a rise in both unemployment and underemployment. As illustrated below by Justin Fabo from Antipodean Macro, overall employment in New Zealand declined by 0.1% in Q2 and was 0.9% lower over the year. New Zealand’s unemployment rate rose

The post Reserve Bank to slash rates to ward off mass unemployment appeared first on MacroBusiness.

There's no sign of the developer rating scheme yet and AEIC Tony Mahar is focused on getting it and the other eight Dyer recommendations implemented.

Australia's only solar panel manufacturer has won federal government backing to deliver a huge scale-up in production and to test the water for a future giga-scale plant.

This is as predictable as it is awful to watch: Australia’s biggest corporate taxpayer, BHP, and the federal government’s productivity adviser are at loggerheads over a proposal to introduce a cash-flow tax on companies, undermining Jim Chalmers’ push to achieve consensus at his economic roundtable. Instead of tax, which will be the final topic discussed

The post Chicken Chalmers is the core productivity problem appeared first on MacroBusiness.

Since the pandemic, Queensland has been a magnet for residents of southern states, including Victoria. Over the five years to Q4 2024, 163,200 residents from other states relocated to Queensland. Many of these residents came from Victoria, which lost 82,130 net residents over the same period. The spike in net interstate migration into Queensland, along

The post Queenslanders may start fleeing to Victoria appeared first on MacroBusiness.

Ferrous is doing a merry dance as steel and iron ore trade places. One of the mysteries of this year’s ferrous markets has been why or how seaborne market production increases have been absorbed without too much price damage. The output increase has been relatively small so far, and the stock has been offset by

The post Iron ore takes out the trash appeared first on MacroBusiness.

Tuesday mornings, you'll normally find me walking around West End before the sun comes up. Jane has a PT session pretty early, and I take the opportunity to get a walk down by the river. Her trainer called as we were on the way to her gym yesterday morning, however, and asked if she could reschedule. No biggie. Jane diverted to the gym in her club in the city, and I took the opportunity for a slightly different walk.

China (31.5% share in 2023) and India (8.1% share in 2023) have driven the increase in global carbon emissions this century. As illustrated below by US energy expert Robert Bryce, China and India’s combined share of the world’s carbon emissions rose from 18% in 2000 to 40% in 2023. While the developed world has decarbonised,

The post China and India rush headlong into coal appeared first on MacroBusiness.

Our approach is not to throw out the market – but to reinforce its strengths.

A New Zealand solar farm has powered almost all the way through a major flood event, passing "the ultimate test" of the project's design and technology.