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As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.
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The Commonwealth Bank reports a 2 per cent rise in cash profit to $2.6 billion for the half-year, driven by customers refinancing at lower rates following RBA interest rate cuts. Plus, The Wiggles have come under scrutiny from the ACCC.See omnystudio.com/listener for privacy information.
The Reserve Bank pours cold water on hopes of early rate cuts, ANZ bosses miss out on $32 million in bonuses after a weak year. Plus, Bitcoin holds steady around the $100,000 mark.See omnystudio.com/listener for privacy information.
Elon Musk has been granted a record breaking $US1 trillion pay incentive deal by Tesla shareholders, the Albanese government is splurging $1 billion on green iron, which struggled to take off in other parts of the world.See omnystudio.com/listener for privacy information.
NAB shares fall 3.5 per cent after the company’s profit dropped and muted growth outlook, the US Federal Reserve pumps $125 billion into its banking system over the past five days. Plus, Tesla shareholders vote on Elon Musk's pay deal.See omnystudio.com/listener for privacy information.
Our stockmarket hits a six week low, corporate regulator ASIC says our market technology has fallen behind. Plus, Suncorp CEO says more Australians are vulnerable to weather events as towns are being built in the wrong places. See omnystudio.com/listener for privacy information.
Shadow Treasurer Ted O'Brien's party in turmoil, giving government and the treasurer free reign when serious economic storm clouds arise. Plus, HSBC's chief economist Paul Bloxham joins hosts to discuss the next move in rates. See omnystudio.com/listener for privacy information.
Westpac's operating profit in the past year fell to less than $7 billion, the Reserve Bank meets tomorrow, any hope of a rate cut is well off the table. Plus, the latest home price data for October shows values are again rising fast.See omnystudio.com/listener for privacy information.
Family-owned beer producer Coopers has reported an increase in sales during the financial year to about 309 million dollars. Plus, the Liberal Party debates whether to abandon its commitment to net zero by 2050.See omnystudio.com/listener for privacy information.
Australian interest rates seem set to stay on hold while American rates were cut overnight, Coles' sales are growing almost twice as fast as Woolworths. Plus, hundreds of workers and contractors have been stood down at the Tahmoor coal mine.See omnystudio.com/listener for privacy information.
The increase in inflation is higher than the Reserve Bank forecast, Woolworths sales come in higher than expected. Plus, the Chair of Tesla says there's no other Elon Musk as she urges shareholders to agree to his pay-deal.See omnystudio.com/listener for privacy information.
Wisetech shares are smashed after ASIC and the AFP raid its headquarters while seeking documents related to sharetrading by its fonder and other employees. Plus, the Tomago aluminium refinery could become unviable in just over two years.See omnystudio.com/listener for privacy information.
The ACCC takes on tech giant Microsoft over claims it misled millions of customers, major shake-ups hit Aussie companies PolyNovo and Nuix. Plus, all eyes are on inflation data ahead of next week’s crucial RBA rates call.See omnystudio.com/listener for privacy information.
Australian critical minerals and rare earths companies have been surging on the share market after Donald Trump signed a framework agreement with Anthony Albanese. Plus, gold stocks have been some of the top performers this year.See omnystudio.com/listener for privacy information.
Gold and Bitcoin tumble but oil surges as US sanctions hit Russia’s biggest producers, work from home bombshell as a Westpac employee wins the right to stay remote. Plus, Wall Street rocked as Tesla and Netflix disappoint investors.See omnystudio.com/listener for privacy information.
Australia's largest oil and gas producer Woodside reportedly had an increase in quarterly production to about 51 million barrels of oil equivalent. Plus, the price of gold slumped 6 percent overnight, which was its largest fall in 12 years.See omnystudio.com/listener for privacy information.
Prime Minister Anthony Albanese signs a $8.5 billion agreement with US President Donald Trump to provide rare earths and critical minerals. Plus, the biggest mining conference in Australia's history started today.See omnystudio.com/listener for privacy information.
Albanese touches down in the US pitching access to Australia's naval base in WA, China's economy slows to its weakest place in a year. Plus, a major American airline eyes a takeover of troubled regional carrier Rex.See omnystudio.com/listener for privacy information.
The stock market dips from record highs as gold prices soar, economists tip an RBA rate cut next month after unemployment rises. Plus, fund manager William Liu joins the show to discuss trade, the US economy and investment strategy.See omnystudio.com/listener for privacy information.
Australia's unemployment rate jumps to its highest level in almost four years, oil and gas major Santos cuts its production guidance. Plus, Australian banking stocks are found to be some of the most expensive in the world.See omnystudio.com/listener for privacy information.
Commonwealth Bank chief executive Matt Comyn will remain at Australia's largest company until at least 2028, Australia has fallen short of its housing construction target. Plus, consumer prices fall more than expected in China during September. See omnystudio.com/listener for privacy information.
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