Today
US stocks close at record high on slower inflation pace
Wall Street notched record closes after data showed price growth moderated, bolstering investor hopes for interest rate cuts by the Federal Reserve.
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Yesterday
AUKUS is ok with Trump, says Morrison
Donald Trump has indicated solid support for the AUKUS submarine deal, according to former prime minister Scott Morrison, who met with the former president at Trump Tower in New York on Wednesday AEST.
New US tariffs on China could help Australian critical minerals
It’s not just the federal budget that could boost Australia’s critical minerals exports, but also a new round of US tariffs on Chinese imports.
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Biden ramps up tariff regime on $27b of China imports
Following a four-year review on trade with China, US President Joe Biden will not only keep the tariffs put in place by Donald Trump, but ratchet up others.
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This Month
Congress fights to reverse funding cuts for AUKUS subs deal
Draft legislation released this week shows Congress is ready to fight to restore funding for building Virginia-class submarines, essential for the success of AUKUS.
What a second Trump presidency could bring
The influential American conservative platform Project 2025 has spent two years crafting a 900-page proposal for key areas of immigration, tax and trade.
Australia’s ‘yes’ vote on Palestine at UN slammed by Labor MP
Penny Wong said Australia’s support for Palestinian statehood will help to broker peace, but a Labor MP has argued it will further isolate Jewish Australians.
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- Analysis
- US election
Trump’s long week in court as election looms
Stormy Daniels’ allegations of a sexual encounter with Trump set the courtroom alight this week. How they play into his election chances is unclear.
Biden fights back after Druckenmiller’s reckless spending lambast
Campaigning in a key state, Joe Biden defended his government’s massive government industry subsidies from critics including the billionaire investor.
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Biden says ‘order must prevail’ as US college arrests top 2000
The US president has broken his silence, calling for order on college campuses where protests against Israel’s war are escalating and some have turned violent.
Powell signals rates will stay higher for longer
The US Federal Reserve has kept rates unchanged but chairman Jerome Powell said inflation was still too high despite “sufficiently restrictive” policy.
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- Opinion
- Monetary policy
Powell bristles at election influence on rate cuts
The Federal Reserve chairman has taken umbrage at suggestions monetary policy decisions will be influenced by the US presidential election.
April
- Analysis
- Donald Trump
The Aussies behind Trump’s ‘catch and kill’ trial
Journalist Lachlan Cartwright thinks he is at the top of any list to be “sent to the gulag” if Donald Trump returns to the Oval Office in November.
Chalmers says ‘big’ investment in subsidy plan won’t push up inflation
Treasurer Jim Chalmers has defended the government’s green industry subsidies plan, joining other countries protecting itself from China’s race to the bottom.
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- Aviation
KordaMentha runs the ruler over Bonza as its Miami PE owner wavers
Sources close to discussions said the corporate restructuring specialists had not been appointed as administrators, but to provide financial advice.
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Biden triples tariffs on Chinese steel and aluminium, denies trade war
US President Joe Biden defends the move, while US Trade Representative Katherine Tai says the US will monitor any impact on Australia.
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Israel considers next move as US urges restraint
The US has highlighted its role in helping Israel thwart Iran’s aerial attack as Joe Biden convenes G7 leaders in an effort to coordinate a global rebuke of Tehran.
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Israel repels Iran’s drone, missile attack
Israel vowed victory against its enemies on Sunday after thwarting Iran’s unprecedented drone and missile attack on Israeli soil that threatened to push the Middle East into a regional war and upend global markets.
- Updated
Trump flexible on AUKUS subs: Republicans
Republicans have signalled that Donald Trump is likely to back the AUKUS submarine sale deal with Australia if he is elected president in November.
- Analysis
- Inflation
Why the war on US inflation is far from over
Rent hikes are playing an increasingly large role in American price rises. That’s a political headache that President Biden does not need heading to the election.
