(Bloomberg) -- Investors are looking for further signs of easing tensions between President Donald Trump and his counterpart Xi Jinping to help remove an overhang on Chinese markets, with geopolitical and trade issues in focus.Most Read from BloombergTrump Wants to Make H-1B Workers More Expensive for US EmployersBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsOnline M...
(Bloomberg) -- Investors are looking for further signs of easing tensions between President Donald Trump and his counterpart Xi Jinping to help remove an overhang on Chinese markets, with geopolitical and trade issues in focus.Most Read from BloombergTrump Wants to Make H-1B Workers More Expensive for US EmployersBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsOnline Mob Fuels 6,000% Stock Rally in Obscure SpaceX RivalTrump Punts Thorniest Iran Challenges in Push to
Australia’s upcoming budget will take aim at soaring home prices and seek to make it easier for people to gain a foothold in the housing market, Treasurer Jim Chalmers said. “The housing market is one of the defining anxieties that people have about our economy and about our society,” Chalmers said in an interview in Canberra Sunday, two days before he unveils his fifth annual budget. “It’s very c...
Australia’s upcoming budget will take aim at soaring home prices and seek to make it easier for people to gain a foothold in the housing market, Treasurer Jim Chalmers said. “The housing market is one of the defining anxieties that people have about our economy and about our society,” Chalmers said in an interview in Canberra Sunday, two days before he unveils his fifth annual budget. “It’s very clear to me now - increasingly clear - that the status quo in housing and in the tax system is unfair and unacceptable.” The government is mulling changes to long-debated tax concessions — including negative gearing and capital gains tax — which have been widely viewed as favoring property investors, according to recent press reports . The backdrop is a deepening housing crisis in Australia, where soaring home prices and a dearth of supply have locked many younger buyers out of the market. The focus of Tuesday’s budget will shift beyond earlier fiscal priorities centered on boosting housing supply, turning instead to measures aimed at creating a fairer playing field for all buyers, Chalmers told Sky News on Sunday. “I’m increasingly of the view that we need to go beyond supply,” Chalmers told Sky. “It’s not the only priority in making this housing market fairer. We don’t have enough homes, too many people are locked out of housing and we need to address both of those concerns at once.” The government this weekend also announced A$2 billion ($1.5 billion) in funding over the next four years for roads, water, power and sewerage to support new housing developments nationwide, backing the construction of about 65,000 homes. Read more: Australia’s Budget Aims to Thread Needle on Reform, Resilience Another core focus on Tuesday will be trying to contain the “substantial” inflation which has been supercharged by the war in Iran. “We had some inflationary pressures before the war in the Middle East, but the war has made them much more substantial,” Chalmers said, adding that “the in...
Australian Treasurer Jim Chalmers will hand down the 2026-27 Federal Budget on May 12. It's framed as one the country's most consequential Budgets against a backdrop of inflation-fuelling global energy shocks, climbing cost-of-living, slowing productivity and a national debt edging toward A$1 trillion. Chalmers speaks with Bloomberg's James Mayger in Canberra. (Source: Bloomberg)
Australian Treasurer Jim Chalmers will hand down the 2026-27 Federal Budget on May 12. It's framed as one the country's most consequential Budgets against a backdrop of inflation-fuelling global energy shocks, climbing cost-of-living, slowing productivity and a national debt edging toward A$1 trillion. Chalmers speaks with Bloomberg's James Mayger in Canberra. (Source: Bloomberg)
Banking groups are floating last-minute changes to a compromise on stablecoin yield as a key Senate panel begins considering a landmark digital asset bill. The proposed changes would tweak the compromise brokered by Senators Thom Tillis , a Republican, and Angela Alsobrooks , a Democrat, on stablecoin rewards earlier this month in the hopes of moving forward legislation long sought by the crypto i...
Banking groups are floating last-minute changes to a compromise on stablecoin yield as a key Senate panel begins considering a landmark digital asset bill. The proposed changes would tweak the compromise brokered by Senators Thom Tillis , a Republican, and Angela Alsobrooks , a Democrat, on stablecoin rewards earlier this month in the hopes of moving forward legislation long sought by the crypto industry to create clear rules for the digital asset space. A set of banking advocacy groups, including the American Banking Association and the Consumer Bankers Association, released text on Friday that would completely limit stablecoin issuers from providing any rewards on the asset. Under the terms of the compromise, companies could provide rewards when a customer actively uses stablecoin. The crypto lobby had originally hoped that they could pass on rewards to customers for keeping stablecoin in an account. In a letter accompanying the proposed text, the group of six bank lobbying groups wrote that the language proposed by the senators “includes exceptions that will enable evasion of the intended prohibition and incentive customers to hold and grow stablecoin balances at the expense of deposits.” The crypto industry originally hoped to pass the legislation last summer, with President Donald Trump ’s blessing, but faced hurdles from the bank lobby. The Senate Banking Committee’s decision to schedule a markup for next week suggests there is some fresh momentum. Read More: Senate Committee Delays Crypto Market-Structure Markup Crypto advocates were quick to jump on the banking group’s proposed language, calling the industry “anti-competitive.” Yield on stablecoins has been one of the major sticking point in the negotiations to finally pass legislation that would create clear regulation for digital assets. Paul Grewal , chief legal officer for Coinbase , wrote on X that the proposed language is not a “narrow fix” and instead designed by the banking lobby for “killing competi...
From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like Authored by Bryan Lutz via DollarCollapse.com, “A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and g...
From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like Authored by Bryan Lutz via DollarCollapse.com, “A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy.” ~ Ludwig von Mises, The Theory of Money and Credit (1912) Empires don’t announce their decline. They reveal it in the data… And on Monday, the U.S. Census Bureau quietly published the latest installment. Rome elevated the military as the empire decayed. Britain did the same after 1914. And after 1971, when Nixon severed the dollar from gold, America began the same process. The factory floor is where it shows up first… So let’s look at it. March 2026 defense capital goods orders: up 18 percent month-over-month. But, year-over-year, it’s a much larger number: up 80 percent . Non-defense capital goods? Down 1.2 percent, which makes it the sixth contraction in seven months. Strip out defense production, and the headline factory number moves negative. Now, the United States isn’t exactly in full-on war economy yet. It’s what a peacetime empire economy looks like in late stage. Here’s what the transition looks like on the chart, defense versus non-defense aircraft orders, last 24 months: One of those lines is paid for by the Pentagon writing a check. The other is paid for by airlines and freight companies deciding they want to expand. Guess which kind of order an empire prioritizes when it’s running out of money. And here’s where it gets interesting. Ludwig von Mises wrote in 1912: “A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financi...
The SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) has quietly become one of the better-performing yield trades of 2026, with shares near $42 after a 7% year-to-date gain and a 18% rise over the past year. EDIV tracks the S&P Emerging Markets Dividend Opportunities Index, a yield-weighted basket of 100 dividend-paying emerging market equities. That ... The Dollar’s Next Move Will Make or B...
The SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) has quietly become one of the better-performing yield trades of 2026, with shares near $42 after a 7% year-to-date gain and a 18% rise over the past year. EDIV tracks the S&P Emerging Markets Dividend Opportunities Index, a yield-weighted basket of 100 dividend-paying emerging market equities. That ... The Dollar’s Next Move Will Make or Break Your EDIV Returns Over the Next 12 Months
It's no secret that times are tough lately, financially speaking, what with inflation, widespread layoffs, and soaring gas prices. That can make it hard to save for your future, and you may be wondering whether you can even retire if you're living on a middle-class salary. Here's a look at that question. Image source: Getty Images. Continue reading
It's no secret that times are tough lately, financially speaking, what with inflation, widespread layoffs, and soaring gas prices. That can make it hard to save for your future, and you may be wondering whether you can even retire if you're living on a middle-class salary. Here's a look at that question. Image source: Getty Images. Continue reading
Dubois recovers from knockdown in opening seconds Wardley knocks him down again but stopped in 11th Daniel Dubois completed his latest resurgence with brutal efficiency when he became the WBO world heavyweight champion after stopping Fabio Wardley early in the 11th round of a dramatic and blood-soaked contest. Howard Foster, whose pale blue shirt had turned crimson as if he worked in an abattoir r...
Dubois recovers from knockdown in opening seconds Wardley knocks him down again but stopped in 11th Daniel Dubois completed his latest resurgence with brutal efficiency when he became the WBO world heavyweight champion after stopping Fabio Wardley early in the 11th round of a dramatic and blood-soaked contest. Howard Foster, whose pale blue shirt had turned crimson as if he worked in an abattoir rather than in a boxing ring as a referee, jumped between the courageous fighters to rescue Wardley 28 seconds into the penultimate round. It was a merciful stoppage because the fallen champion, with his face a mask of blood pouring from his badly cut and broken nose, had been examined twice before by the ringside doctor. Both fighters emerged with enormous credit after an epic battle. Dubois was knocked down twice in the fight, and dropped for the first time 10 seconds after the opening bell, but he came back with commendable resolve. He also proved he was the superior technician as, working behind his thunderous jab, Dubois sank one brutal blow after another into the steadily sagging figure of Wardley. But the 31-year-old from Ipswich, who suffered the first loss of his career, simply refused to surrender or even go down at any point during this riveting battle. Continue reading...
Florida wildlife commission investigating cause of incident that left passengers with burns and traumatic injuries Sign up for the Breaking News US newsletter email A suspected boat explosion at a Miami sandbar sent at least 11 people to the hospital on Saturday with some suffering from burns and traumatic injuries, according to Juan Arias, the Miami Dade fire rescue battalion chief. First respond...
Florida wildlife commission investigating cause of incident that left passengers with burns and traumatic injuries Sign up for the Breaking News US newsletter email A suspected boat explosion at a Miami sandbar sent at least 11 people to the hospital on Saturday with some suffering from burns and traumatic injuries, according to Juan Arias, the Miami Dade fire rescue battalion chief. First responders received reports roughly around 12.45pm of a possible boat explosion on the water, Arias told WPEC 12. Continue reading...