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MacroBusiness Thursday, April 18, 2024 - 12:30 Source

Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February. Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. The below chart from Justin Fabo at Antipodean Macro compares Canada’s core

The post Bank of Canada to cut rates first? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 18, 2024 - 12:05 Source

Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer Damien Klassen dissects the war, its effect on the oil price, and the oil price’s effect on inflation. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund,

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MacroBusiness Thursday, April 18, 2024 - 12:00 Source

Big. Ironically. Morgan Stanley with the report. Our base case = $105bn global obesity market in 2030 Extrapolating the strong early dynamics in the US and the initial demand in Europe (focusing on the roll-outs in Denmark, Norway and Iceland, where supply was not constrained), we now project the global obesity market to reach $105bn

The post How big is Peak Fat? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 18, 2024 - 11:53 Source

The Australian Bureau of Statistics (ABS) has released labour market data for March, which shows that the nation’s unemployment rate rose by 0.1% to 3.8% following a 6.,600 contraction in the number of jobs: The result beat analysts’ expectations of a 3.9% rate. The underemployment rate also fell by 0.1% over the month to 6.5%,

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The Australian Independent Media Network Thursday, April 18, 2024 - 11:51 Source

UNSW Media Release Australia’s rising cost of living is squeezing household budgets, and with high fuel prices and public transport costs increasing, many Australians face the reality that the expense of commuting to work may no longer be financially sustainable. The Australian Commute report showed that the average daily cost for an Australian to get to and…

The post Can you afford to travel to work? appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, April 18, 2024 - 11:35 Source

By James Moore   The only feature not mentioned was drool. On his second day in court, charged with multiple felonies, the putative leader of the free world once more fell asleep. The man who has called the current president, “Sleepy Joe Biden,” cannot keep his eyes open in the midst of a trial that may…

The post A Ghost in the Machine appeared first on The AIM Network.

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MacroBusiness Thursday, April 18, 2024 - 11:30 Source

The latest housing construction data from the Australian Bureau of Statistics (ABS) is a disaster. Only 37,200 homes commenced in the December quarter in trend terms, the worst quarterly result since June 2012. This gives an annual run rate of 148,800, around 91,000 below the Albanese government’s construction target of 240,000 homes annually. Dwelling approvals

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MacroBusiness Thursday, April 18, 2024 - 10:30 Source

Go Straya: Chemicals major Qenos has called in voluntary administrators after its former Chinese owners sold the company to property developer Logos. The plastics maker runs plants in Victoria and NSW, and on Wednesday appointed McGrathNicol as voluntary administrators. I’m not sure who will want to live there. The  Qenos factory site is putrid: But

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MacroBusiness Thursday, April 18, 2024 - 10:18 Source

The trade war is back: The new tariffs Biden is pushing — meant to shore up the American steel sector and court its workers — would impose 25% levies on certain Chinese steel and aluminum products. They would be applied as part of an ongoing review, while the US also launches a formal probe into

The post US steel tariffs another blow to iron ore appeared first on MacroBusiness.

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Your Democracy Thursday, April 18, 2024 - 10:12 Source

Israel planned to retaliate against Iran immediately following Tehran’s drone and missile attack on Saturday, but Prime Minister Benjamin Netanyahu decided to hold off after speaking with US President Joe Biden, Israeli media have reported.

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xkcd.com Thursday, April 18, 2024 - 10:00 Source

Okay, this eclipse will only be visible from the Arctic in February 2063, when the sun is below the horizon, BUT if we get lucky and a gigantic chasm opens in the Earth in just the right spot...

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