Blogotariat

I first noticed the story about the epidemic of phone theft in London about a week ago because of some Aussie chick who chased her thief (unsuccessfully) and was so pissed off she tracked down all the CCTV footage of the crime and posted it, after which it went viral.

The unexpected visit of Syrian President Ahmed al-Sharaa — formerly known as the leader of Hayat Tahrir al-Sham*, a group once fighting against Russian forces — to Moscow has raised eyebrows across diplomatic circles. Many observers now question why the Kremlin chose to host a figure who only recently appeared on international terrorist lists and fought against Russian-backed troops in Syria.

Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight. The USD continues to decline as Fed members are still broadcasting a softer economy, particularly labour markets as ICE

The post Macro Morning appeared first on MacroBusiness.

DXY is fading again. AUD has bounced but not very convincingly. CNY stable. That is a golden parabola. AI metals not so much. RIO has broken the big bear downtrend. EM strong bounce. Junk not so much. Yields firmed. Bulls returned. One should expect more volatility as we approach the Trump/XI walkover. The balance of

The post Australian dollar gazumped by American rebound appeared first on MacroBusiness.

Carbon dioxide levels in the atmosphere hit a record high in 2024, according to a new report from the UN weather agency.

The World Meteorological Organization (WMO) said heat trapped by such greenhouse gases was "turbo-charging" the Earth's climate and causing more extreme weather.

Western nations should prepare to continue bankrolling Ukraine’s war effort against Russia for at least three more years, Polish Foreign Minister Radoslaw Sikorski has said during a visit to London.

Today, if we are to believe most polls, "Frexit" is supported neither by the majority of the population nor by the major parties. Is this because, ultimately, things are not so bad and there is therefore no need to try to improve the situation, or, as some claim, it would be apocalyptic if we did? On this fundamental question, there are numerous proposals, actions, and initiatives, as well as an abundant literature, all perfectly enlightening.

Federal green tick sought for underground connection to a new 2 GWh battery project planned by AGL in Queensland.

What can a nineteenth-century economist teach a twenty-first-century Chief Executive Officer (CEO) at one of the largest technology firms? More to the point, why is Microsoft’s CEO, Satya Nadella, quoting William Stanley Jevons? Jevons was a dominant figure in economic thought in Britain during the second half of the nineteenth century, but not today.

His work populates the earlier chapters of textbooks on the history of economic thought, where he is credited with being a pioneer in starting the Neoclassical School of Economics.

The NAB survey out yesterday was not very encouraging. The pent-up demand released by RBA rate cuts delivered a significant increase in consumer expenditure in the June quarter. However, business investment stayed low, indicating that companies were not inclined to make significant investments until they see more proof of a revival in domestic demand. Businesses

The Guardian’s Luca Ittimani asks why state and local government plans to convert empty office buildings into apartments to ease the housing crisis have not come to fruition: Momentum to create homes out of empty offices has faded even as office vacancies rise and housing shortages intensify. Developers have not submitted a single application to

The post Another housing gimmick fails appeared first on MacroBusiness.

For the life of me, I don’t know why anybody wants to be long iron ore here but hey, that’s how markets work sometimes. Steel prices continue to fall, though long products are falling faster than flat products, which is key to some market resilience, as it helps hold up blast furnace output over electric-arc

The post Iron ore wakes in fright appeared first on MacroBusiness.