As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.
Jim Chalmers responds to criticism against the upcoming economic roundtable, the Department of Finance wants to lift the ban on PwC doing government work. Plus, REA Group CEO talks FY25 profit results. See omnystudio.com/listener for privacy information.
Nyrstar Port Pirie and Hobart smelters secures a $130 million rescue package, a new report highlights land use tensions between competing interests in Australia. Plus, Credit Corp CEO talks FY25 profit results.See omnystudio.com/listener for privacy information.
Bluescope and global steelmakers line-up to buy Whyalla Steelworks, Endeavour Group's acting CEO steps down. Plus, Argo Investments reports its FY25 results today. See omnystudio.com/listener for privacy information.
Trump holds Australia's tariffs at 10%. Plus, Capstone Copper kicks off profit reporting season, property prices reach a new record high in July. See omnystudio.com/listener for privacy information.
The Fed holds interest rates steady despite pressure from Donald Trump, retail sales surge 1.2 per cent in June. Plus, Trump's 50 per cent copper tariff sparks a price plunge. See omnystudio.com/listener for privacy information.
Inflation keeps falling and markets tip a rate cut at the next RBA meeting, shares in Ozempic maker Novo Nordisk plunge 30 percent overnight. Plus, Australia’s first homegrown orbital rocket launch ends in failure.See omnystudio.com/listener for privacy information.
The US market has remained resilient in the face of trade turmoil and inflation, the Australian dollar rallies trade deal hopes. Plus, Woodside takes over the Bass Strait oil and gas operations. See omnystudio.com/listener for privacy information.
The ABS is changing the way it calculates inflation. Plus, profit reporting season kicks off, the US & EU reach a trade deal, WiseTech appoints a new CEO.See omnystudio.com/listener for privacy information.
US President Trump and Fed Chair Jerome Powell clash over renovation costs. Plus, AFSA will scrutinise personal insolvencies as part of their new focus areas, Tesla shares tumble after their Q2 profit falls. See omnystudio.com/listener for privacy information.
Australia lifts the ban on US beef imports, shareholders are riled up over Macquarie Group's executive salaries. Plus, calls are growing to reform the PBS. See omnystudio.com/listener for privacy information.
Donald Trump announces a trade deal with Japan with a 15 per cent reciprocal tariff, the ASX 200 surges with a surprise increase on iron ore prices in the past few days. Plus, Albanese and Ley face-off in Question Time. See omnystudio.com/listener for privacy information.
The Labor government has a clear mandate for this term of Parliament, Insignia Financial is sold to private US equity firm CC Capital. Plus, ASIC cracks down on the financial hardship sector. See omnystudio.com/listener for privacy information.
The ASX 200 has its worst day in three months, a new report suggests radical changes to overhaul capital gains tax to stimulate home building. Plus, auctions boom in some states despite the RBA not cutting rates earlier this month.See omnystudio.com/listener for privacy information.
Australia's stockmarket soars to a record high breaking through the 8700-point barrier for the first time. Plus, TSMC & Netflix report their quarterly earnings, iron ore surges past $US100. See omnystudio.com/listener for privacy information.
The unemployment rate rises to 4.3 per cent in June, money laundering agency AUSTRAC pivots to new priorities. Plus, the ASX 200 soars to a new record high led by the major banks. See omnystudio.com/listener for privacy information.
Building activity data shows the government is way off its 1.2 million housing target, the ASX 200 has the worst one-day drop since May. Plus, Trump's tariffs spark higher inflation in the US. See omnystudio.com/listener for privacy information.
The RBA calls to ban surcharges on credit card and debit card transactions, bitcoin soars to a new record high. Plus, Trump hits Mexican tomatoes with a fresh tariff.See omnystudio.com/listener for privacy information.
The Treasury accidentally leaks classified information, Donald Trump flags fresh tariffs on the EU and Mexico. Plus, Anthony Albanese continues his China tour.See omnystudio.com/listener for privacy information.
Trump flags a 15-20% blanket tariff on all trade partners. Plus, a step forward for Australian rare earths producer Australian Strategic Materials, a sneak peek inside a luxury Queensland property. See omnystudio.com/listener for privacy information.
Japanese car makers cut prices on exports to the US, Linda Yaccarino steps down as CEO of X after turbulent tenure. Plus, BHP emerges as the top stock choice among everyday Australian investors.See omnystudio.com/listener for privacy information.
Copper shares soar after Donald Trump flags a 50 per cent tariff, RBNZ follows the RBA's lead on keeping the cash rate on hold. Plus, metal 3D printing manufacturer AML3D expands into the US.See omnystudio.com/listener for privacy information.
The Reserve Bank shocks economists and the market by keeping interest rates on hold, Rabobank's Ben Picton and currency specialist Sean Callow explain the RBA's decision. Plus, Trump whacks Japan and South Korea with new tariff levies.See omnystudio.com/listener for privacy information.
Economists forecast the RBA will cut rates tomorrow, the question is by how much? Trump's mixed messaging on tariffs as the deadline is pushed out to August. Plus, olive oil maker Cobram Estate reveals a positive financial update.See omnystudio.com/listener for privacy information.
Anthony Albanese addresses Australia's Economic Outlook 2025 forum. Plus, Orica secures a $432 million grant for a hydrogen hub, bitcoin surges to near record highs.See omnystudio.com/listener for privacy information.
AUSTRAC orders audit of Western Union over compliance concerns, ASIC puts high-risk super schemes under the spotlight. Plus, Donald Trump announces new trade deal with Vietnam.See omnystudio.com/listener for privacy information.
As Trump's Big Beautiful Bill passes the US Senate, market whisperer Stephen Miller explains what it means for Australians. Plus, the Quad meeting focuses on critical minerals and shares of insurers fall as a bomb cyclone hits NSW.See omnystudio.com/listener for privacy information.
As the new financial year begins, there is fresh hope in the retail sector that inflation has passed and households are starting to spend again. Plus, energy intensive businesses are warned volatile spot market prices will send them broke.See omnystudio.com/listener for privacy information.
On the last day of the financial year, stock picker Jun Bei Liu reveals which companies performed and which bombed. Plus, TCorp's Chief Economist says the RBA is being held back by it's economic models and inflation target.See omnystudio.com/listener for privacy information.
Australian investors are given a reprieve after US treasury secretary asks the Senate to dump Section 899. Plus, global markets rally on tariff delay speculation, the wedding of the century kicks off in Venice.See omnystudio.com/listener for privacy information.
Federal Reserve chair Jerome Powell stands firm after Donald Trump threatens to sack him. Plus, Xero expands into the U.S., concerns over implementing Section 899 from Trump's Big Beautiful Bill in Australia. See omnystudio.com/listener for privacy information.
Star Casino rescue deal wins shareholder support, inflation eases to 2.1 per cent from 2.4 per cent. Plus, Treasurer Jim Chalmers urges US to reconsider tax hike.See omnystudio.com/listener for privacy information.
Global markets rebound after Trump announces a ceasefire between Israel and Iran. Plus, Virgin Australia returns to the ASX, NSW and Queensland release their state budgets today. See omnystudio.com/listener for privacy information.
Global markets are on edge after the escalating conflict in the Middle East. Plus, oil prices have surged after the US launched a series of strikes on Iran. See omnystudio.com/listener for privacy information.
Escalating geopolitical tensions in the Middle East rattle oil and commodities markets. An Abu Dhabi based consortium announces a massive takeover deal for Santos, Australia's median house price reaches $1 million.See omnystudio.com/listener for privacy information.
The May unemployment rate comes in flat for the fifth consecutive month, HSBC Economist Paul Bloxham weighs in on the productivity debate, WA delivers another budget surplus. Plus, businesses say insurance is their biggest concern.See omnystudio.com/listener for privacy information.
Treasurer Jim Chalmers sets the financial agenda for the Government and reveals he is open to tax reform. Plus, Optus agrees to pay a massive fine and business conditions improve but the hospitality sector is still under pressure.See omnystudio.com/listener for privacy information.
With the Middle East on edge Trump leaves the G7 meeting early, US expert John Kunkel explains how the conflict may affect Australia. Plus, Morningstar says Virgin's IPO price is a bit steep and the Vinnies CEO Sleep Out enters it's 20th year.See omnystudio.com/listener for privacy information.
Energy sites emerge as key targets in the Israel-Iran conflict, energy expert Saul Kavonic explains what impact the escalation will have on the price of oil. Plus, ASIC launches an inquiry into the ASX and the auction clearance rate rises.See omnystudio.com/listener for privacy information.
Oil prices surge after Israel strikes Iran. Plus, what does the Pentagon's AUKUS review mean for Australia's defence industry?See omnystudio.com/listener for privacy information.
Doubts over the $300 billion AUKUS defence joint venture after the Pentagon orders a review into the deal. Plus, NEXTDC announces a $2 billion project in Melbourne, Westpac's chief economist predicts the RBA's next move.See omnystudio.com/listener for privacy information.
The ASX hits another record high. Plus, the latest on the trade talks between the U.S. & China, Qantas closes its Jetstar Asia operations. See omnystudio.com/listener for privacy information.
Jenny Wilkinson named new Treasury Secretary, Monash IVF admits to a second embryo mix-up. Plus, construction costs continue to surge across Australia.See omnystudio.com/listener for privacy information.