The Market Ear on the AI money printer. This is not a bubble Goldman and BlackRock are both out with “thought-pieces” defending Tech in general and AI in specific. It is definitely not a bubble…..And at the same time Ilya raises $1bn at $5bn valuation with no business plan. Tech baby Goldman wants you to
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Wind turbine feeds directly into electrolysers in hydrogen first, paving way for off-grid production
Earlier this week, Treasurer Jim Chalmers publicly attacked the Reserve Bank of Australia (RBA), claiming that its restrictive monetary policy is “smashing the economy”. Chalmers’ salvo came about because he knew that if the RBA doesn’t start cutting rates, Labor faces the prospect of becoming a one-term government. On Thursday, I was interviewed by Bill
SHFE and SGX fell smartly yesterday. SGX bounced overnight: Mad Dalian did likewise: Coking coal too: Coking coal is down a very long way from the Ukraine War highs. Expect it to be sub-$100 before this is over: Scuttlebutt is instructive: “In contrast to last week’s mild rebound, iron ore futures in China started this
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Again risk markets remain anxious leading up to tonight’s official US NFP print with a preview through the private ADP report and weekly initial jobless claims not settling the nerves despite no surprises. Treasury yields lifted again while Wall Street vacillated between losses and gains, with European shares still falling amid growth concerns. Commodity markets
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DXY fell overnight: Cutting AUD some slack: North Asia is up and away: Oil has the world’s ugliest chart despite OPEC output cuts: Metals will go down with it: Big miners are sitting ducks: EM is all washed up: Junk bullish! Yields plunging! Stocks don’t know if it is good news or bad: My view
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Last month, CBA economists estimated that the household savings war chest accumulated over the pandemic will be largely exhausted by the end of the year. As a result, “the boost to consumer spending power in 2024/25 via the 1 July 2024 tax cuts will be partially offset by the decline of the tailwind on consumption
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I do not like the Coalition’s spokesman on home ownership, Andrew Bragg. However, Bragg is correct in cautioning against build-to-rent housing, warning that it will “put Australia on a path to emulate the US’s corporate housing model”. “We do not want to emulate the American corporate housing model. We want people to own our homes
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Ben is joined by the Sydney Morning Herald urban affairs reporter Anthony Segaert to preview the upcoming New South Wales local government elections. We discuss some of the most interesting elections, the impact of the NSW Liberal absence and local party systems.
Sorry for the poor quality audio on my end – it seems like the recording connected to the wrong mic. Should still be clear enough.
On 16 August, social media giant Meta permanently banned The Cradle from Facebook and Instagram. The outlet’s accounts on those platforms, which had amassed over a hundred thousand followers and millions of views, were unilaterally purged without warning or a chance to appeal.
Meta’s role in Israel’s digital proxy war on The Cradle