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As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.
909 Episodes
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The stock market plunged to its lowest level since May this morning, Nvidia's shares takes a tumble on Wall Street triggering the selloff. Plus, a 1940 painting was sold overnight for nearly $55 million US dollars.See omnystudio.com/listener for privacy information.
The federal government is being encouraged by the international Monetary Fund to tackle tax reform and to spend more efficiently. Plus, Magellan Financial Group is back in the middle of a mess after successive scandals in the past year.See omnystudio.com/listener for privacy information.
Cyber criminals will be aggressively targeting consumers and retailers in the Black Friday sales, wages are growing faster for public servants compared to private sector wages. Plus, big falls in gold and crypto.See omnystudio.com/listener for privacy information.
RBA minutes kill hopes of another rate cut as stubborn inflation bites, a TPG customer dies after their phone couldn’t reach triple-zero. Plus, a deep dive into Australia’s livestock production.See omnystudio.com/listener for privacy information.
The UK High Court decides BHP is liable for the 2016 Samarco tailings dam wall collapse in Brazil, SQM says it will fight an action brought by corporate regulator ASIC. Plus, the apparent first major gas discovery in Bass Strait in eight years.See omnystudio.com/listener for privacy information.
Investors in America are worried the US Federal Reserve won't cut interest rates next month, interest rate traders and economists have been delaying Australian rate cut forecasts back until mid-next year following the unexpected unemployment numbers.See omnystudio.com/listener for privacy information.
Explosives and chemicals manufacturer Orica has reported its strongest results in 13 years thanks to surging demand from the mining sector for its products. Plus, shares in accounting software maker Xero have plunged on the market today.See omnystudio.com/listener for privacy information.
Chair of ASIC Joe Longo opened the Australian Investment and Securities Commission's annual forum in Melbourne. Plus, CEO of Roy Morgan Research Michele Levine speaks about her research in determining companies reputations.See omnystudio.com/listener for privacy information.
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.
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