Live: Oil prices down almost 3pc as traders bet on Middle East peace
By Emilia Terzon
Brent crude has dropped almost 3 per cent overnight, while the ASX is set to trade up today. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
https://www.abc.net.au/news/2026-06-05/asx-markets-business-live-news-june-5-2026/106762414
#StockMarket #Banking #Currency #FinancialMarkets #MonetaryPolicy #RetailIndustry #Tax #BusinessEconomicsandFinance #EconomicTrendsandIndicators #CompanyNews #Cryptocurrency #EmiliaTerzon
RBA not concerned about stagflation or wage-price spiral
By Gareth Hutchens
RBA governor Michele Bullock says she is not concerned about stagflation or a wage-price spiral
#MonetaryPolicy #Inflation #InterestRates #EconomicTrendsandIndicators #BusinessEconomicsandFinance #EconomicGrowth #GarethHutchens
Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins
Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter.
https://www.abc.net.au/news/2026-06-03/gdp-march-quarter-2026-australia/106753788
#EconomicGrowth #EconomicTrendsandIndicators #BusinessEconomicsandFinance #Inflation #MonetaryPolicy
Enjoyed reading this, and I think Graeber has it right - the current mainstream of economic thought thrives because it supports the views of the people who benefit most. Other strains of thought warrant more consideration, especially as the challenges of the 21st century (climate change, declining role of human labour, inequality) are different than the 20th (Ensuring productivity and high employment).

There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science designed to solve problems that no longer exist. A good example is the obsession with inflation. Economists still teach their students […]
Why is Labor spending its political majority on this tax reform?
By Alan Kohler
Why has Labor decided to spend the political capital of a 50-seat majority on a minor change to capital gains tax on businesses?
#Tax #Budget #FederalGovernment #BusinessEconomicsandFinance #GovernmentandPolitics #HousingPolicy #HousingConstructionIndustry #MonetaryPolicy #EconomicTrendsandIndicators #Industry #AlanKohler
BOC's new governor hawkish stance signals tighter rates—potential won rally and subsequent hikes. Trade flows, inflation, and equity valuations will feel the shift. Stay aligned—Yatırım tavsiyesi değildir!
🚩 #BankOfKorea #HawkishStance #MonetaryPolicy #AsiaMarkets #CentralBank #KoreanEconomy