Blogotariat

The Albanese government cannot be trusted on immigration. In 2023, former Home Affairs Minister turned Housing Minister Clare O’Neil delivered a keynote address to the AFR Workforce Summit, where she bemoaned the blowout in temporary migrants under the former Coalition government: Today, really for the first time in our modern history, our uncapped, unplanned temporary

DXY is dropping again. Sticking with the recent rally pattern, AUD is not rising as fast. Lead boots are stable. Gold is firm, oil weak. Metals tracked DXY. Big bear intact. EM rebound. Junk too. Yields firmed. BTFD! The AUD has resumed rising with broader risk. Or, should we say, resumed inflating with the broader

The post Australian dollar inflates with the bubble appeared first on MacroBusiness.

US President Donald Trump praised the outcome of a meeting between his Russia counterpart, Vladimir Putin, and US special envoy Steve Witkoff, calling it “very productive.”

Both sides will work on ending the Ukraine conflict “in the days and weeks to come,” the American leader wrote in a post on Truth Social on Wednesday.

According to Trump, “great progress”was achieved at the meeting in Moscow earlier in the day.

First Nations group to buy equity stake in major battery project, in first of its kind deal for Australian renewables, and which could become a template for future transactions.

‘Absolutely the best ship’: Japan wins $10bn contract to grow Australia’s war fleetThree Mogami-class frigates part of wider deal to replace ageing Anzac-class frigates and give navy a more lethal surface combatant fleet

Japan’s Mitsubishi Heavy Industries has beaten a German rival in the race to build Australia’s new fleet of warships, with the federal government expecting the first to be ready for service by 2030.

“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.