In 1867, the Russian empire sold Alaska to the US for $7.2 million. Perhaps the location of the upcoming summit between Donald Trump and Vladimir Putin is a nod and a wink to such a great deal? Maybe Putin will like Alaska so much he will have seller’s remorse?
International Reading: Mark Cuban says companies should be taxed more for buying back their own shares – Business Insider The Trump family has raked in $3.4 billion over his two presidencies, new report says – The Independent Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist –
Moscow is ready to present a clear stance at the upcoming summit between Russian President Vladimir Putin and his US counterpart, Donald Trump, which will mainly focus on the Ukraine conflict, Foreign Minister Sergey Lavrov has said.
Asian share markets were dominated by Chinese data today with weakness across their domestic economy while Japanese GDP data came in slightly better than expected. Most markets are up as a result as Chinese traders expect more stimulus while the BOJ seems to be faring okay with its inflationary targets not pulling back growth. The
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\A new road charge is looming for electric vehicle drivers, amid reports Treasurer Jim Chalmers is accelerating the policy as part of a broader tax-reform push.
Since the COVID-19 lockdowns started in Australia in March 2020, the nation’s capital city home prices have risen at vastly different rates. As illustrated below using PropTrack data, dwelling values in Brisbane, Perth, and Adelaide have soared at similar rates, increasing by around 90% since March 2020 across the three markets. Sydney dwelling values have
The Market Ear on bubble trouble. Pushing it SPX trying to break above the Bollinger band. Not a reason to sell itself, as markets can stay in the upper Bollinger band for longer than most think possible, but still worth watching. Source: Bloomberg/GS Concentration “Growing index concentration and narrowing market breadth has increased downside risk
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Record public spending has recently powered the Australian economy. At the same time, Australian households have exhibited recessionary behaviour, with real per capita household consumption tracking negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. The decline in household spending, which usually accounts for about 60% of GDP growth, is
DXY is up again. AUD down. CNY fine. Gold whacked. Metals OK. Miners are going lower. EM rolled. Junk is fine. Yields up a bit. Stocks flat. The US PPI was pretty hot today. Even worse, it’s mostly services. Add ongoing pressure from goods via tariffs. With wage growth going strong as Trump slashes immigration
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