Australia’s Prime Minister Anthony Albanese during a press conference at Parliament House in Canberra on March 28, 2025.Mike Bowers | Afp | Getty ImagesAustralian Prime Minister Anthony Albanese called a national election for May 3 in the early hours of Friday morning as the country grapples with high cost of living and rising U.S. tariffs.That kicked off a five-week campaign in the lead up to the ballot day as the center-left government seeks a second three-year term.”Our government has chosen to face global challenges the Australian way — helping people under cost-of-living pressure, while building for the future,” Albanese told a…
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This week we’re joined by Kyle Paoletta to talk about his book American Oasis: Finding the Future in the Cities of the Southwest. We discuss the growth and history of southwestern U.S. cities, how indigenous people didn’t disappear but adapted, the importance of language and identity and climate adaptation lessons for cities from the driest region.Scroll down below the audio player for an edited excerpt of our conversation, or click here for an unedited, AI-generated transcript of the entire conversation.Jeff Wood: The cities that grew up in the Southwest, what’s really fascinating to me is the marketing that happened and the growth from the…
The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what’s traditionally the housing market’s busiest time of the year. The rate fell to 6.65% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.79%. This is the first decline in the average rate after rising two weeks in a row. The average rate has trended lower since mid-January, when it climbed to just over 7% — a relief for house hunters struggling to afford a home after years of soaring prices. Borrowing…
Business, India, Factory – Young Businessman with his factory floor supervisor inspecting the newly installed heavy machinery at a textile factory.Gcshutter | E+ | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyIndia has long harbored ambitions to become a manufacturing powerhouse. A flagship scheme launched five years ago to help the country realize that aim, however, has fallen short of achieving key goals.In 2020, the Indian government…
The Lemonis Center for Student Success and the Klingler College of Arts and Sciences are collaborating to co-host a free, two-session personal finance workshop with guest speaker Bruce Miller. The two-part workshop will be held in-person on Thursday, April 3, and Thursday, April 10, from noon to 1:30 p.m. in the Lemonis Center multipurpose room. Participants will need a laptop or phone to engage with Miller, who will be participating virtually. Lunch will be provided starting at 11:30 a.m. Register online. This event is open to all students, faculty and staff. Attendees will be entered into a drawing for free Marquette merch. Topics…
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts.On an Thursday earnings call, CEO Calvin McDonald said the athletic wear company conducted a survey earlier this month that found that consumers are spending less due to economic and inflation concerns, resulting in lower traffic at Lululemon and industry peers. However, he said, guests responded well to innovation at the company.”There continues to be considerable uncertainty driven by macro and geopolitical circumstances. That being said,…
(Bloomberg) — Long-maturity Treasury yields reached the highest levels in a month Thursday as investors demand compensation for the risk that tariffs will spur US inflation. Most Read from Bloomberg Though the increases were pared in New York trading after US economic data provided no fresh catalyst for higher yields, the Trump administration’s late-Wednesday announcement of a 25% tariff on foreign-made cars next month saw the 30-year Treasury yield reach 4.75%, the highest level since Feb. 20. The 30-year exceeded the five-year Treasury yield by more than 63 basis points, the widest gap since early 2022. The spread continued to…
Rare earth metal production was on the rise again in 2024, jumping to 390,000 metric tons worldwide — that’s up threefold from 132,000 metric tons in 2017. Rare earths are critical in electric vehicles, renewable energy, military applications and high-tech industries. Demand for rare earth metals such as neodymium, dysprosium, praseodymium and yttrium is increasing alongside technological advancements, particularly as artificial intelligence technology gains further importance.Ongoing tensions between the US and China, along with other geopolitical factors, are impacting the outlook for rare earths investing. Since China is the world’s largest producer of rare earths by far, the fraught relationship…
(Bloomberg) — BlackRock Inc.’s (BLK) head of Asia Pacific private credit Celia Yan is leaving the firm for Apollo Global Management (APO), according to people familiar with the matter. Most Read from Bloomberg Hong Kong-based Yan will join Apollo as partner at the end of June, where she will lead the firm’s hybrid efforts in Asia Pacific, said the people, who asked not to be named discussing private matters. Apollo’s hybrid business offers debt and structured equity capital to firms that want to transform their businesses without giving up control. These products have a shorter hold period than private equity,…
A Kentucky nonprofit has chosen a metals industry veteran with over 30 years of experience to lead its board. Source link