Australia’s November flash PMIs delivered a surprisingly upbeat signal, with manufacturing jumping back into expansion at 51.6 after October’s soft 49.7. Services PMI also nudged higher from 52.5 to 52.7, lifting Composite Index from 52.1 Read more…
New Zealand’s October trade report showed exports and imports both rising solidly from a year earlier, yet leaving the country with a monthly deficit of NZD -1.5B. Goods exports climbed 16% yoy to NZD 6.5B, Read more…
Philadelphia Fed President Anna Paulson said overnight that she is approaching the December FOMC “cautiously,” highlighting a delicate balance between a cooling but still-stable labor market and inflation that remains above target. The delayed September Read more…
Chicago Fed President Austan Goolsbee struck a cautious tone overnight, warning that the central bank itself risks “front-loading too many rate cuts” before it has enough information to judge whether inflation is truly easing again. Read more…
Key insights from the week that was. It was a relatively quiet week in Australia, the only notable data release being the Q3 Wage Price Index. It printed in line with RBA and market expectations, Read more…
No, AI probably won’t take your (whole) job, but the future workforce will look different. Fortunately, the labour force is already shifting in mostly the right direction. Policy and social changes are nonetheless needed. AI Read more…
At the time of writing, gold trades at $4077 per troy ounce, having erased gains made prior to the months-delayed September US Nonfarm Payrolls release. Relatively unchanged at -0.02% in today’s session, gold currently trades Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal We all know how lovely it Read more…
The cosmetics industry has not escaped the economic challenges that the rest of the retail sector has faced over the last two years. Some major cosmetics brands have fallen victim to financial distress and were Read more…
Nvidia, in many ways, is the linchpin of the AI revolution currently underway. Analysts and investors will often look at specific case scenarios of where we are when it comes to AI, but Nvidia’s earnings Read more…