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Articles from MacroBusiness

Macro Afternoon

August 26, 2024 - 16:30 -- Admin

Another mixed session for Asian share markets as they absorb the buoyant mood from Wall Street on Friday night as the USD returns to structural weakness following Fed Chair Powell’s highly anticipated speech at the Jackson Hole symposium. The USD is still losing ground against most of the majors with Euro nearly above the 1.12

Home insurance: the latest cost of living crisis

August 26, 2024 - 13:00 -- Admin

Data from the Actuaries Institute shows that 1.6 million Australian households are now under financial stress due to the rising cost of home insurance premiums. This represents an increase of 360,000 households, 30% higher than a year ago. Sharanjit Paddam, the lead author of the Actuaries Institute’s report, says insurance premiums are rising faster than

Gas enemies unite to condemn Canberra

August 26, 2024 - 11:30 -- Admin

This is completely bizarre. So bizarre that it reeks of Rum Corps manipulation: Australia’s east coast energy market is facing a perfect storm of higher global LNG prices, volatile and intermittent renewables penetration, coal plant outages and extreme weather, increasing fears of gas shortages, spiking power bills and blackouts. Major Australian energy players Senex Energy

Will Australia deport the student visa rorters?

August 26, 2024 - 11:00 -- Admin

Thirteen years ago, GlobalHigherEd reported that Australia was being inundated with sham private vocational ‘ghost colleges’ catering to fake South Asian students seeking to work and live in Australia: In 2002 there was just over 11,000 Indian students in Australia, and by 2005 this number had grown to over 27,000… However, by last year enrolments

AI stocks approach witching hour

August 26, 2024 - 10:30 -- Admin

The Market Ear on the AI moment. The most important tech earnings in years The NVDA print is hyped as “the most important tech earnings in years”…(Dan Ives) Investors are jittery. Few of the big tech companies have been able to demonstrate enormous demand from paying customers for AI-powered services, which raises the question of

Chinese property sinks some more

August 26, 2024 - 10:00 -- Admin

There is no end in sight: Developers still can’t get capital: Infrastructure funding has improved a little: It’s more of the same: China’s housing regulator pledged to swiftly implement a program to purchase unsold apartments and turn them into affordable housing, its latest effort to cushion a record property slump. The government will also push

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