Weekend briefing: Markets ignore policy muddles
But in volume terms, retail sales were up 1.2% in Q1-2023, so the March result is a bit of an aberration. The same data shows that things will likely be back with a good +2.5% pa annualised rise in April from March. The falling petrol price is causing these signals to be a bit odd. That is a +24 bps rise in a week. That means the TWI-5 is up to 71.3 and up +50 bps from this time yesterday and up +120 bps in a week.
Source:New Zealand Herald
May 20, 2023 03:17 UTC
Open mike 20/05/2023
He’s one of Shortland Street’s longest-running characters, and he’s now been played by five different actors. We look back at the evolution of Harry Warner. Once again, Harry Warner has changed before our very eyes. Not one, not two, but five different actors have played the role of Chris Warner’s ...
Source:New Zealand Herald
May 20, 2023 00:56 UTC
A wee drop in activity at the latest residential property auctions
There was a slight drop in activity at the latest residential property auctions, with fewer properties on offer and fewer selling under the hammer. Interest.co.nz monitored the auctions of 194 residential properties around the country over the week from 13-19 May, compared to 221 the previous week, a decline of 12%. Of those, 77 or 40% were sold under the hammer, compared to 96 sales (43%) the previous week. However while fewer properties were sold, prices appeared slightly firmer, with 37% of the properties that sold fetching prices that were equal to or above their rating valuations, compared to 28% the previous week. The table below has the district-by-district results, and details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices and rating valuations of those that sold, are available on our Residential Auction Results page.
Source:New Zealand Herald
May 20, 2023 00:24 UTC
Emily Compagno sounds off on criticism of Elon Musk: ‘This is the woke mob’
Fox News published this video item, entitled “Emily Compagno sounds off on criticism of Elon Musk: ‘This is the woke mob'” – below is their description. ‘Outnumbered’ panelists weigh in after Elon Musk was labeled antisemitic for his continued criticism of George Soros. Fox News YouTube ChannelGot a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
Source:New Zealand Herald
May 19, 2023 18:28 UTC
Taking on the big bosses of rugby
NZ Rugby CEO Mark Robinson has a job that comes with a huge burden of scrutiny. OPINION: I sometimes wonder what the New Zealand Rugby Union makes of rugby writer Mark Reason. They certainly annoyed the rugby union at times. The NZ Herald’s McLean was banned from Eden Park once because Auckland Rugby Union general manager Ron Don took exception to something he wrote. Stuff Stuff rugby columnist Mark Reason’s father was also a rugby writer.
Source:New Zealand Herald
May 19, 2023 17:05 UTC
Strategist Sosnick Sees FOMO Over AI-Related Stocks
Bloomberg Television published this video item, entitled “Strategist Sosnick Sees FOMO Over AI-Related Stocks” – below is their description. Interactive Brokers Chief Strategist Steve Sosnick says investors may want to hedge Nvidia since it is the bellwether of the AI enthusiasm during an interview on “Bloomberg Markets.”Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.comConnect with us on…Twitter: https://twitter.com/businessFacebook: https://www.facebook.com/bloombergbusiness/Instagram: https://www.instagram.com/quicktake/?hl=enBloomberg Television YouTube Channel
Source:New Zealand Herald
May 19, 2023 15:57 UTC
Top Calls: Walmart Raises Profit Outlook
Bloomberg Television published this video item, entitled “Top Calls: Walmart Raises Profit Outlook” – below is their description. Greg Melich, Evercore ISI Senior Managing Director & Analyst joins Romaine Bostick to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.comConnect with us on…Twitter: https://twitter.com/businessFacebook: https://www.facebook.com/bloombergbusiness/Instagram: https://www.instagram.com/quicktake/?hl=enBloomberg Television YouTube Channel
Source:New Zealand Herald
May 19, 2023 11:28 UTC
Pacific earthquake triggers tsunami warning for Lord Howe Island
A tsunami warning was triggered for Lord Howe Island on Friday by an earthquake of magnitude 7.7 that struck south-east of Loyalty Islands in the French territory of New Caledonia at 12.57pm. People across the South Pacific were told to avoid coastal areas due to the risk of tsunami waves. A tsunami warning was issued for Lord Howe Island. Credit: iStockThe earthquake caused a small tsunami to wash ashore on South Pacific islands. Waves 60-centimetres above tide level were measured off Lenakel, a port town in Vanuatu, the Pacific Tsunami Warning Centre (PTWC) said.
Source:Stuff
May 19, 2023 06:06 UTC
Stuff that went down under Budget urgency
It’s the norm following the delivery of the Budget for the House to go into urgency, a chance for the government to move through legislation directly related to the Budget and some other stuff too. But mercifully for them, or us, this week’s legislative load under urgency following the 2023 Budget has been quite light. Photo: VNP / Phil SmithThe motion to go into urgency routinely immediately follows the debate on the 2023 Budget. The Energy Resources Levy Amendment Bill aims to ensure the Crown receives a fair financial return for its fossil gas. RNZ’s The House – journalism focussed on parliamentary legislation, issues and insights – is made with funding from Parliament’s Office of the Clerk.
Source:Stuff
May 19, 2023 05:18 UTC
Deadly hostel fire: Five bodies found, accused appears in court
Police are still unable to give a definite death toll from the Loafers Lodge fire, but have confirmed that five bodies have been found, four of which have been removed from the scene. The update came after a man appeared in court charged with two counts of arson in relation to the blaze. The charges include one for setting fire to a couch on the third floor of Loafers Lodge hostel a few hours before the main fire broke out. The fire ripped through the Loafers Lodge hostel in Newtown, Wellington, early on Tuesday. Chief Coroner Judge Anna Tutton said this afternoon the disaster victim identification process was now under way for the victims.
Source:New Zealand Herald
May 19, 2023 04:39 UTC
Billionaire Sam Zell Dies at 81
Bloomberg Television published this video item, entitled “Billionaire Sam Zell Dies at 81” – below is their description. Equity Residential says its founder and chairman Samuel Zell has died at 81. Sonali Basak reflects on his legacy on “Bloomberg Markets.”Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.comConnect with us on…Twitter: https://twitter.com/businessFacebook: https://www.facebook.com/bloombergbusiness/Instagram: https://www.instagram.com/quicktake/?hl=enBloomberg Television YouTube Channel
Source:New Zealand Herald
May 19, 2023 04:36 UTC
Two arrested over teen road rage shooting
Armed police stand guard at the Z petrol station in Sandringham, Auckland after the shooting. Photo: NZ HeraldPolice have arrested and charged two men aged in their 20s for the horrific road rage incident in which a teenage girl was shot in Mt Albert, Auckland. A manhunt was under way after a 15-year-old girl was shot following a road rage incident on an Auckland motorway. “The men have been jointly charged with wounding with reckless disregard and injuring with reckless disregard. “Police reassure the community that our investigation team is working to hold the person, or persons, responsible to account.”
Source:New Zealand Herald
May 18, 2023 22:16 UTC
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Auckland road rage shooting: Two men aged in 20s to appear in court, further arrests not ruled out
Video / NZ HeraldPolice have arrested and charged two men aged in their 20s for the road rage incident in which a teenage girl was shot in Mt Albert, Auckland. A manhunt was started after the 15-year-old girl was shot following a road rage incident on an Auckland motorway. Detective Senior Sergeant Martin Friend of Auckland City CIB said the two men, aged 25 and 26, were arrested by detectives overnight and they were due to appear in the Auckland District Court today. “The men have been jointly charged with wounding with reckless disregard and injuring with reckless disregard. “Pleasingly, I can confirm the vehicle of interest in this investigation - the grey Mazda Axela - has been located and recovered at this address,” Friend said.
Source:New Zealand Herald
May 18, 2023 21:18 UTC
Lodge resident charged with arson, Budget 2023 revealed & wet weekend ahead
nzherald.co.nz published this video item, entitled “Lodge resident charged with arson, Budget 2023 revealed & wet weekend ahead | nzherald.co.nz” – below is their description. Police charge man with arson over deadly Loafers Lodge fire, the good and the bad from this year’s Budget and Auckland’s Mayor off to South Korea, what he and his delegation have planned in the latest New Zealand Herald headlines. Full story: https://bit.ly/3Wk5esoSubscribe and be notified of breaking news: https://goo.gl/LP45jXCheck out our playlists: https://goo.gl/Swd249Like NZ Herald on Facebook: https://goo.gl/tUC4oqFollow NZ Herald on Instagram: https://goo.gl/oLicXeFollow NZ Herald on Twitter: https://goo.gl/Wi6mbvnzherald.co.nz YouTube Channel
Source:New Zealand Herald
May 18, 2023 20:25 UTC
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MetService Auckland Weather: May 19th
Whānau Matters: Episode 9 - What’s My Future? The pressure for our young people to make the right decisions when leaving school is greater than ever. This episode looks at these challenges school leavers face and how parents can help support them. Video / Kōwhai Productions
Source:New Zealand Herald
May 18, 2023 18:17 UTC