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The post Macro Afternoon: 8 May 2025 appeared first on MacroBusiness.

The SA government’s decision to disband its hydrogen body means the state's iron and steelmaking will likely run on gas for longer. This is bad news.

Greens leader Adam Bandt has conceded defeat in his seat of Melbourne, meaning the loss of one of the most outspoken climate warriors in parliament.

Propaganda is maddening in its resistance to all truth. The Australian. New sources of gas that have been earmarked to fix a looming east coast shortfall will not be ready in time and cost just as much as imported LNG, a report from Rystad Energy on behalf of gas pipeline operator Jemena has concluded. …But

The post For god’s sake, fix the gasmageddon appeared first on MacroBusiness.

One transmission company says it has received 8 GW of data centres load requests, but not in places that could be cure for wind and solar constraints.

A new AEMC rule explicitly factors potential climate change risks into network resilience, allowing DNSPs to spend on preventing major blackouts.

We have a checklist for you. Unpack easy‑to‑implement strategies—salary sacrifice, after‑tax contributions, spouse splits, recontribution tactics, and timing moves before 30 June—to help you keep more of what you earn while boosting your retirement balance. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, as we decode all these for you.

The Market Ear on the stocks stall. Boring for longer? VIX seasonality has been a bit delayed this year, but it looks like things will be boring for some longer… Source: Vixcentral Put hate is back The crowd tends to love puts at local market lows, and hate puts at local market highs. Source: Tradingview

The post Stocks run out of puff appeared first on MacroBusiness.

Australian taxpayers heavily subsidise electric vehicles (EVs). First, the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs) is estimated to cost the federal budget more than $550 million in lost tax revenue annually. However, the FBT exemptions for PHEVs expired on April 1, 2025, implying a future reduction in budget costs.

The post Generous subsidies can’t rescue EV sales appeared first on MacroBusiness.

A 2022 survey by the Carnegie Endowment for International Peace showed that Indian migrants overwhelmingly vote for Labor over the Coalition. In the 2022 federal election, Indian migrants voted 58:34 in favour of Labor over the Coalition. Chinese-Australians also seem to prefer Labor. The Tally Room found that at the 2022 federal election, almost all

The post Why Labor loves high immigration appeared first on MacroBusiness.

Building a renewable electricity system is incredibly expensive and will inevitably increase power bills. The global empirical evidence is clear: the higher the share of renewables in an energy system, the higher the electricity cost: The reasons are straightforward. Renewables depend on the weather, so they are intermittent and have low load factors. They need

The post Weren’t renewables meant to be cheaper? appeared first on MacroBusiness.

Real estate agents noted that there has been a marked increase in the number of homes listed for sale in the last week alongside buyer queries. BresicWhitney CEO Thomas McGlynn expects this momentum to continue in the coming weeks after Labor secured a majority government at the federal election on Saturday. “If we see rates

The post Real estate agents gear up for house price boom appeared first on MacroBusiness.

This one stings. When asked how the EU might dodge US President Donald Trump’s tariff hammer, Treasury Secretary Scott Bessent replied, “My observation... goes all the way back to [former US Secretary of State] Henry Kissinger’s statement: ‘When I call Europe, who do I call?’ So, we’re negotiating with a lot of different interests.” Translation: You can’t sit with us until you stop fighting at your own lunch table.