Today
Wall St plunge, bond ‘crisis’ show investors are losing faith in Trump
The president’s sprinkles of compromise are no longer enough to override the realisation that the economic effect of the war – and the fighting – will stick around for a while yet.
Yesterday
Prepare for synchronised global hikes
Between the Iran war supply shock and the upward revision of “neutral” rates, we are staring at a cash rate of at least 5 per cent.
Hotels, warships and now banknotes. Trump gets his name on US currency
The US president’s signature will appear on US dollars starting later this year, an unprecedented change for the greenback.
Rinehart cheers young Aussies on MAGA fact-finding mission
Young Australian conservatives backed by entrepreneur Steve Baxter bumped into Australia’s richest person in Texas at a politician action conference.
After Trump’s rebuke, Washington insider backs Albanese’s war effort
The US president hit out at Australia’s war effort, as he again extended a deadline for Tehran to open the Strait of Hormuz or face strikes on its power plants.
As the world burns, Canberra fumbles
The economic effects of the Iran crisis make the Albanese government’s budget decisions harder – but also more necessary to make tough choices. That’s not happening.
Solar for Cuba: How Xi is turning Trump’s war into a China win
The carnage unleashed by the US-Iran conflict has exposed the fragility – and concentration – of fossil fuel supply chains. One country is winning from the chaos.
Is Iran holding back its deadliest missiles?
Tehran’s unused arsenal has played on the nerves of Gulf states. It may have been destroyed, or will only be used when adversaries run short of interceptors.
US jobless claims drop to lowest in almost two years
Continuing unemployment claims in the US fell by 32,000, signalling stability in the labour market despite the economic fallout from the war in Iran.
This Month
Auction rates crash as higher rates, Iran war takes toll on buyers
The proportion of real estate sold last weekend fell to its lowest level in 15 months amid fears the Middle East conflict will send interest rates soaring.
Trump insists Iran desperate for a deal as crisis deepens
Iran’s foreign minister insisted peace talks with the US were not under way, contradicting the White House as the war’s economic and humanitarian toll mounted.
Investors to splash $23b on battered ASX as BHP, CBA pay out
Australia’s biggest companies are paying out billions in dividends over the next fortnight that could turbocharge a rebound in the sharemarket.
Payday for Putin as Iran war delivers energy windfall
The Kremlin’s oil sales are expected to double this month as Russia profits from the price surge and sanctions waivers.
Wartime inflation shock ‘catastrophic’ as fertiliser, plastics soar
The soaring price of lesser known commodities from the Iran war is a double whammy for farmers and manufacturers that have already been hit by the oil shock.
Sign of things to come: Meta, Google’s ‘Big Tobacco’ moment
The $8.6 million in damages awarded to a young plaintiff will barely register on the companies’ balance sheets, but the fallout could be more damaging.
‘Running out of ideas’: How SE Asia is dealing with war’s oil shock
While many countries are contending with the fallout from the conflict, experts say the region of more than 600 million people has been one of the hardest hit.
China has already won the Iran war
Donald Trump had better do a deal with Iran soon. If the Strait of Hormuz is closed for another month, it is game, set and match to the Russo-Chinese axis.
Robot joins Melania Trump at White House event to tout AI teachers
The humanoid robot, which introduced itself as “Figure 03”, joined the first lady to welcome first spouses from around the world to a technology summit.
Time for government to show Dario Amodei its hand in AI poker game
Giants such as Anthropic want to invest fortunes in Australia for infrastructure, and Australia wants their money, but the government must play its cards right.
BYD’s God’s Eye flaws expose risk of rush into high-tech cars
While the company has ramped up sales, the world’s top-selling EV maker’s performance in cutting-edge driving remains a work in progress.
