The following chart from Alex Joiner from IFM Investors summarises how the billions of taxpayer dollars spent on energy subsidies have masked the rise in electricity costs: In 2024–25, households received up to $300 in rebates, and eligible small businesses up to $325, costing the federal budget $3.5 billion. In the May 2025 Budget, the
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It is maddening watching the Domain newspapers distort everything about property. Real estate agents will have to disclose a home’s reserve price well before buyers attend auctions under Australian-first laws aimed at tackling rampant property underquoting in Victoria. The fundamental change, to be announced by the Allan government on Thursday, follows this masthead’s Bidding Blind investigation, which
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The ferrous complex reamins paralysed by the jaws. Goldman has some intelligence from the ground. Steel: steel demand is seen as reasonable to solid/stable, with ongoing weakness in property and infrastructure construction sectors being offset by strong demand from manufacturing, auto, shipbuilding, machinery and exports. All steel mills we had meetings with are seeing the
The Market Ear. NVDA performance Over the past eleven releases since ChatGPT launched, NVDA’s massive 10x rally hasn’t come from earnings-day pops: day-after and week-after moves have typically lagged, while the month before earnings has usually been the strong stretch. This quarter breaks that pattern, NVDA is flat heading into results, with recent earnings cycles showing weaker
Treasurer Jim Chalmers doesn’t know when to shut up. On Wednesday, the Australian Bureau of Statistics (ABS) posted wage price data for the September quarter of 2025, which showed that real inflation-adjusted wages fell by 0.5% over the quarter: The decline took Australian real wages back to mid-2011 levels, tracking 6.4% below the mid-2020 peak.
Federal energy and climate minister Chris Bowen touted South Australia’s world-leading renewables share in a final pitch to secure hosting rights for next year’s COP31 UN climate conference. Appearing at the COP30 climate conference in Belem, Brazil, on Tuesday, Bowen unveiled a report from the Clean Energy Investor Group (CEIG) boasting South Australia’s three-quarter share
Falling solar and battery costs, alone, won’t decarbonise industry. Smarter energy use will be vital
The RBA has been strong on the idea that a rebound in services wage growth is behind the recent bounce in headline inflation. It argues that without productivity, wage inflation must be pushing up prices in these areas. Yesterday’s Wage Price Index was unsupportive of the argument. The WPI was, as expected, stable at 3.4%.
The post Wage growth dump humiliates RBA appeared first on MacroBusiness.
Labor has missed so many opportunities to rid the nation of this economic millstone that I have no faith it is about to do so. Yet the gas cartel is weak, leaderless, and divided. Top gas executives will gather in Perth this week in a last-ditch attempt to shape the Albanese government’s overhaul of the
The post Rotten gas cartel ripe for slaughter appeared first on MacroBusiness.
Wall Street managed to escape a selloff overnight with the release of not so quite dovish FOMC minutes, but then the wobbles came through bond and currency markets as the Trump regime announced they weren’t releasing the October jobs print while the November print won’t be after the December Fed meeting. The USD went on
The post Macro Morning appeared first on MacroBusiness.
If you've ever walked past a newsstand, if you subscribe to Libération, if you listen to the radio, or if you have a TV, you know that in 2020, China employed 500,000 slaves in the cotton fields of Xinjiang (1).
The only proof lay in the sheer repetition of the information.