On the 16th of June 2015, Donald Trump declared that he was going to run for the presidency of the United States. At the time, it was a source of jokes for late-night hosts and a target of ridicule by Democrats riding high following two consecutive strong presidential election victories for Barack Obama. For those
‘Absolutely the best ship’: Japan wins $10bn contract to grow Australia’s war fleetThree Mogami-class frigates part of wider deal to replace ageing Anzac-class frigates and give navy a more lethal surface combatant fleet
Green across the board for Asian stocks today despite the poor lead from Wall Street overnight, basically on speculation that the US Federal Reserve is likely to ease in September against dwindling domestic conditions in the US economy. The USD lost further ground against the majors particularly Kiwi but also the Australian dollar which has
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“Hey, get down from there!” Quick, am I talking to a cat, a child, or the president of the United States? If you guessed the president, you’d be right. For some reason, Donald Trump got on the roof of the White House briefing room on Tuesday and just sort of ambled around for a bit while shouting to reporters down on the ground.
The Market Ear on the stock stall. SPX levels SPX is trading inside the trend channel that has been in place since late May. Short term support at 6300 (futures), which is the lower part of the channel. 50 day comes in around the 6200 area. Resistance: ATHs. Source: LSEG Workspace NASDAQ levels NASDAQ is
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Statistics New Zealand on Tuesday released Q2 labour force data, which reported a decline in employment and a rise in both unemployment and underemployment. As illustrated below by Justin Fabo from Antipodean Macro, overall employment in New Zealand declined by 0.1% in Q2 and was 0.9% lower over the year. New Zealand’s unemployment rate rose
The Productivity Commission is taking a rosy view of AI. AI will likely raise productivity, but there is ongoing debate about the magnitude of this effect. Studies suggest AI could increase multifactor factor productivity between 0.5% to 13% over the next decade (0.05 to 1.3 percentage points annually). After examining the assumptions underlying these studies,
The Federal Chamber of Automotive Industries (FCAI) released new car data for July, which reported the strongest monthly sales on record with a total of 103,097 vehicles delivered over the month. This was 3.6% higher than the same month last year. “We are now seeing confidence return to the market, supported by a recent interest
