US labor force dropouts hit a record 105.8 million in June under President Trump, surpassing Great Recession and COVID-19 peaks. This includes 832,000 who left last month, with economists noting a "flight from work" among prime-age men and a growing group of women.
The Indian rupee gained 0.1% against the US dollar on Thursday, opening at 96.49, despite facing pressure from rising crude oil prices. Traders expect continued strain, with the Reserve Bank of India (RBI) intervention anticipated to limit sharper losses. Geopolitical tensions are driving oil prices higher, offsetting previous RBI measures.
Anthony Albanese will announce expanded paid work experience in healthcare at Labor's national conference. Australia's military is training in old-school navigation for cyber-attack resilience, Penny Wong will warn China, and a national emergency siren test is scheduled. Global news includes an oil surge, France's heatwave deaths, and pressure on Zelenskyy.
A Reserve Bank of Australia (RBA) survey indicates that while Australians understand personal economic issues, most incorrectly believe higher interest rates lead to higher inflation. The RBA emphasizes the importance of explaining complex economic concepts to the public to foster trust and manage inflation expectations.
The Reserve Bank of Australia (RBA) is concerned that a significant portion of Australians misunderstand how interest rates affect inflation, potentially complicating its monetary policy efforts. A survey revealed only 25% correctly linked higher rates to lower inflation, while over half believed the opposite, impacting public trust and inflation expectations.
Market forecasts indicate a doubled likelihood of a Reserve Bank interest rate hike as escalating Middle East tensions drive fuel prices higher. Brent crude surged 23% to near $US90/barrel, impacting Australian motorists and raising stagflation concerns for the economy.
Queensland's Liberal National government buried a report by domestic violence victim-survivors that criticized police handling of cases and advocated for civilian review mechanisms, despite promises to prioritize victims in justice policies.
The escalating Middle East crisis has driven Brent crude prices up 23% to near $US90/barrel, doubling market forecasts for an Australian Reserve Bank interest rate hike. Australian motorists face rising fuel costs as experts warn of a critical juncture for global energy markets.
Snap-on, a century-old company, maintains steady growth and profitability by manufacturing high-end, specialized tools for professional mechanics. Its strategy of customization and domestic production, which insulates it from tariffs, impressed Chicago Federal Reserve Bank President Austan Goolsbee during a visit to its Kenosha headquarters.
A argentina Silvana Tenreyro foi anunciada como a nova economista-chefe do FMI. Ela assume o cargo em 10 de agosto, substituindo Pierre-Olivier Gourinchas, e traz vasta experiência acadêmica e em políticas públicas.
A Dallas Fed report indicates unauthorized immigration between 2021-2024 led to a 2.2% rise in home prices and 1.4% rent increase in US metro areas. The study, cited by Trump, suggests this surge contributed significantly to housing demand shocks.
RBI's updated NBFC rules, effective July 1, 2026, have tightened definitions of public funds and overseas investments, preventing Tata Sons from exiting regulatory oversight and avoiding a mandatory public listing. The holding company's strategy to deregister as a core investment company is now invalidated.
Rex Patrick unites Jacqui Lambie, Pauline Hanson, and David Pocock against Aukus secrecy. Fears grow over datacentres stoking inflation and a heavier mortgage burden. Plus, "crypto corruption" allegations against Trump and World Cup updates.
Rex Patrick unites unlikely allies for Aukus transparency. Fears grow over datacentres stoking inflation and a heavier mortgage burden. News also covers Trump's crypto dealings, "Murdoched" phenomenon, and World Cup updates.
Australia's booming datacentre sector faces scrutiny from Transport for NSW and the Reserve Bank over its impact on industrial land availability for logistics, housing development, and inflation. Calls for a national pause are growing amidst concerns about rising costs, emissions, and strain on infrastructure.
The Indian rupee hit a record low of 96.96 against the US dollar on May 20, prompting sustained intervention by the Reserve Bank of India (RBI), which widened its net short forward position to $106.6 billion. The currency has since recovered, aided by anticipated foreign capital inflows.
The 7-month search for the Atlanta Fed president is crucial as new Chairman Kevin Warsh reshapes the Fed, with Michael Faulkender, a former Trump Treasury official, considered but his status unclear.
The Reserve Bank of Australia held its cash rate at 4.35%, ending a streak of hikes. Governor Michele Bullock warned that further increases are possible if inflation doesn't fall to the 2-3% target, despite a potential Middle East ceasefire easing oil prices.
The Reserve Bank of Australia kept its official interest rate at 4.35% but warned of further hikes if inflation persists. Governor Michele Bullock stated that price rises are still too fast, indicating a potential increase if necessary. The RBA is not alarmed by a rise in unemployment to 4.5%, viewing the job market as still tight.
The Reserve Bank of Australia maintained its official interest rate at 4.35% due to a slowing economy and rising unemployment. This decision offers little relief to mortgage holders facing increased costs from previous rate hikes. Higher fuel prices are contributing to inflation.
The Reserve Bank of Australia (RBA) has kept its official interest rate at 4.35% but warned of further hikes if inflation persists. Governor Michele Bullock indicated a rate rise is possible due to ongoing price pressures, despite a slight increase in unemployment. The decision offers little immediate relief to mortgage holders.
The Reserve Bank of Australia maintained its cash rate at 4.35% on Tuesday, citing persistent inflation. The RBA indicated a willingness to raise rates further if necessary to ensure price stability and full employment, while also noting the early stage of global oil supply resolutions.
The Reserve Bank of Australia maintained its cash rate at 4.35% on Tuesday, signaling readiness to hike rates if necessary to control inflation and ensure full employment. The decision aligns with economist forecasts amid ongoing efforts to curb rising prices.
The Reserve Bank of Australia maintained its official interest rate at 4.35% due to slowing economic activity and a four-year high in unemployment. This decision offers little immediate relief to mortgage holders facing increased repayments from previous hikes.
