The Aussie auto market is dropping the clutch and giving it to her … and RPM’s chief flags even more growth

The Aussie automotive market has been surging The aftermarket market has grown bigger since manufacturing plants closed down Stockhead reaches to RPM Automotive CEO, Clive Finkelstein, to get his perspective on the market Over the last several decades, ever-increasing production costs have practically killed the Australian car manufacturing industry. Ford was the first to leave … Read more

Australia has critical minerals for electric vehicles, so isn’t it time for a domestic industry?

As governments across the country seek to capitalize on the growing demand for critical minerals and rare earths, experts warn that, without proper investment, Australia could miss out on a share of a much larger industry: electric vehicles. Key points: Australia’s huge critical mineral deposits are being dug up and shipped overseas for processing A … Read more

With falling real incomes and rising prices many people don’t believe the story of prosperity Scott Morrison is preaching | Richard Denniss

While it makes economic and political sense to suggest, as Anthony Albanese has, that the minimum wage, and indeed most wages, rise in line with the rate of inflation, Scott Morrison has suggested such a move would be “reckless and dangerous”. What’s far more dangerous and reckless is letting real wages and consumer spending fall … Read more

Don’t panic? Strategists give reasons to stay invested despite market turmoil

Global stocks have endured a bruising week, and a difficult year so farbut some strategists believe the recent sell-off is unlikely to pave the way for a market capitulation. The S&P 500 closed Monday’s trade down more than 16% since the beginning of the year, and almost 12% in the second quarter alone. The pan-European … Read more

China’s consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | Afp | Getty Images BEIJING – China’s consumer and producer prices rose more than expected in … Read more