Global Macro / Markets / Investing:
- Shell profits nearly triple as oil prices surge – BBC
- Dow plunges 1,100 points as Wall Street sell-off accelerates – MSN
- Lucid is raising prices on its luxury Air EV by as much as 13% – Tech Crunch
- Stock Market Volatility and the Role of Alternative Investments – Investaltoira
- Stocks slump 3 percent as worries grow over higher interest rates – PBS
- Fed raises interest rates by 0.50%, largest move since 2000 – Yahoo
- Dow plunges 1,100 points as Wall Street sell-off accelerates – Washington Post
Americas:
- Good news for college seniors: The job market is booming – NPR
- U.S. worker output (productivity) fell 7.5% in the first quarter, the biggest decline since 1947 – CNBC
- Worker Output Fell 7.5% in the First Quarter, the Biggest Decline Since 1947 – CNBC
- More Retailers Say They Can’t Pay Rent – Bis Now
- Mortgage rates have reached 5.27 %, highest since 2009 – Toisthe
- The Fed is putting America’s inflation problem on its shoulders – Axios
- Sen. Elizabeth Warren Questions Fidelity’s Plan to Put Bitcoin in 401(k)s – WSJ
- ‘The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market – Market Watch
Europe:
- Switzerland To Launch Adult-Use Cannabis Sale Trial Program This Summer – Forbes
- Turkey’s inflation surges to 70%, putting Erdogan in bind – Reuters
- German Health Minister Gets Behind Expediting Cannabis Reform – International Cannabis Chronicle
- Nigeria Oil Minister Says Russia Interested in Gas Pipeline to Morocco – PGJ Online
- The Battle for Democracy Can Be Won in Warsaw – Foreign Policy
- France will increase financial aid to Ukraine by $300 mln, Macron tells donor conference – Reuters
- Mysterious fire in Kursk, Russia as videos show huge tower of black smoke – News Week
Asia:
- Japan’s Peaceful Foreign Policy Is Under Siege From Right-Wing Militarism – Jacobin Mag
- Beijing, China returns to work after 5-day break on high alert for COVID-19 – Reuters
- Tracking the Dead to Sell Life Insurance in India – BBC
- Xi says China’s Covid policies will ‘stand the test of time in Shanghai’ – SCMP
- Inequality soars in Xi’s proletariat paradise – The Australian
- China’s ‘zero-COVID’ policy prompts EU firms to put investments on hold – DW
- The Chinese Obsession with Ukrainian Wives – Vice
Trans-Tasman:
- Turnbull encourages voters to back independents to ‘thwart’ Liberal factions – The Age
- Victorian Liberal MP says he is ‘praying’ for abortion to be banned in wake of concern about US law change – ABC
- Voters turn against Coalition in key states but Labor still weak in Queensland – The Age
- Farmers accuse supermarkets of ‘ripping off’ consumers amid fresh produce price-hike – ABC
- Josh Frydenberg pleads with unhappy Liberal voters to stick by him as pressure in Kooyong grows – The Guardian
- Coalition climate target consistent with more than 3C global heating, research says – The Guardian
- Invest property handouts must go: Greens – 7 News
- Peter Dutton calls Guardian Australia a ‘trashy publication’ after Brereton report question – The Guardian
- Labor ditches policy of adding superannuation to Commonwealth-funded parental leave – ABC
- Scorched dystopia or liveable planet? Here’s where the climate policies of our political hopefuls will take us – The Conversation
- Westpac’s economists now expecting house prices to fall by 15% – Interest.co.nz
- Tony Alexander/REINZ survey shows housing market cooling on all fronts – Interest.co.nz
- BNZ CEO happy to continue growing housing lending ‘where we can lend responsibly’ – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also Chief Economist and co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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