Israeli strikes included the bombing of a school-turned-shelter, which killed 13, and the bombing of a children's hospital
Gaza’s Health Ministry said on Wednesday that Israeli attacks killed at least 38 Palestinians and wounded 105 over the previous 24-hour period as US-backed Israeli strikes pound targets across the Strip.
https://www.youtube.com/watch?v=n5L8jbRU5eE
Megyn Kelly Fires Back at George Clooney Claiming He's More of a Journalist Than She is
Risk markets are still in a positive mood generally speaking as they digest the possible weakening of Chinese tariffs but of course the Orange Mussolini is still a bit confused on what he wants to do at the granular level with more doublespeak during the session. Stocks are still fairly well bid while the USD
The post Macro Afternoon appeared first on MacroBusiness.
I have written about how the explosion in cafe numbers and rampant cost inflation have left the hospitality industry in a precarious position. When I moved to my suburb of Ashburton, Melbourne, in 2006, only a handful of cafes were operating on my local High Street shopping strip. Over the following 15 years, the number
The post $7 coffees will burst the cafe bubble appeared first on MacroBusiness.
Those iron ore jaws are looking tempting. May/June is a seasonally weak period for iron ore are well. There are early signs that the tariff smash is beginning to impact demand. Goldman. [US] Producers estimate that the negative impact on their exports (produced in China) has ranged up to a full stop in the volume
The post Iron ore surges as steel sputters appeared first on MacroBusiness.
Every few weeks, the world’s media publishes an article on a fantastical breakthrough in electric vehicle (EV) battery technology that enables cars to be charged in as little as five minutes. These technological breakthroughs are supposedly set to revolutionise EVs by allowing owners to charge up quickly away from home, removing some of the key
Gold is the new (old) global reserve currency so long as the child president continues his assault upon the institutions of Bretton Woods II. So much harm has been done to US institutions in such a short period by the child president that his very presence is now an enduring threat to the Bretton Woods
The post BTFD gold appeared first on MacroBusiness.
Victorian Premier Jacinta Allan chose to sign the contracts to build the first leg of the $200-plus billion Suburban Rail Loop (SRL) project against the explicit advice of infrastructure experts. SRL East, which will link Box Hill and Cheltenham, is budgeted to cost $34.5 billion. To date, the state has only secured $11.8 billion of
The taxpayer-funded ABC refuses to discuss the immigration-housing issue with objectivity and balance. On Wednesday, I lambasted the ABC for choosing two well-renowned Big Australia propagandists—the ANU Migration Hub’s resident shill, Alan Gamlen, and the Grattan Institute (which is sponsored by Big Australia lobby group, the Scanlon Foundation)—to debunk the claim that excessive migration is
The Australian Bureau of Statistics’ (ABS) Q4 2024 national accounts revealed that the economy finally emerged from a per capita recession following 21 consecutive quarters of decline. Australia’s per capita recession was driven by the household sector, where consumption fell for a record eighth consecutive quarter. The decline in per capita consumption followed a record