Money News with Ross Greenwood: Highlights
The Australian sharemarket logged its sharpest one-day loss since early May; fears that a recent rebound in iron ore prices toward $US100 a tonne won’t be sustained; probiotics companies are surging across global markets and recently released ATO tax data shows unpaid super is now costing Australians $5.7bn each year in lost retirement savings. Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
New analysis from the Super Members Council on recently released ATO tax data shows unpaid super is now costing Australians $5.7bn each year in lost retirement savings.See omnystudio.com/listener for privacy information.
A growing consumer understanding of gut health's crucial role in overall wellbeing has seen probiotics companies surge across global marketsSee omnystudio.com/listener for privacy information.
The Australian sharemarket logged its sharpest one-day loss since early May, as a shift in risk sentiment – driven by sticky US inflation and renewed US tariff rhetoric. MARKET WRAP: ASX200: Down 0.79% or 68.50 points to 8,561.80 GOLD: Up 0.53% to $3,369 USD per ounce BITCOIN: One coin is buying $182,790 CURRENCY UPDATE: AUD/USD: 65 US cents AUD/GBP: 48 British pence AUD/EUR: 56 Euro cents AUD/JPY: 97 Japanese Yen AUD/NZD: $1.10 NZ dollars See omnystudio.com/listener for privacy information.
A recent rebound in iron ore prices toward $US100 a tonne is unlikely to be sustained, due to China stockpiling a surplus supply amidst a declineSee omnystudio.com/listener for privacy information.
The Australian sharemarket has had its sharpest one-day loss since early May, driven by unwavering US inflation and more tarrif threats by Donald Trump. tSee omnystudio.com/listener for privacy information.
The Australian sharemarket closed at a record on Tuesday in a broad rally led by technology and healthcare stocks; The Reserve Bank moves to end debit and credit card surcharges; Aussie company Droneshield continues its meteoric rise in market value; and Tony Sycamore joins us for the market wrap Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Tips for Mum and Dad businesses to ensure every dollar counts in what is expected to be another difficult year for small business profit marginsSee omnystudio.com/listener for privacy information.
Proposed regulatory options from the Reserve Bank on card payments will fail to adequately reduce the billions of dollars in fees unfairly levied on Australian small businesses and their customers, the Independents Payment Forum are warningSee omnystudio.com/listener for privacy information.
Aussie Company Droneshield has enjoyed a meteoric rise on the ASX in the last few years.See omnystudio.com/listener for privacy information.
The Australian share market closed at a record 0.7% or 59 points to 8630., following gains on Wall Street as investors continue to dismiss the tariff threat CURRENCY UPDATE: AUD/USD: 66 US Cents AUD/GBP: 49 British Pence AUD/EUR: 56 Euro Cents AUD/JPY: 97 Japanese Yen AUD/NZD: $1.10 New Zealand Dollars See omnystudio.com/listener for privacy information.
The ASX 200 Index followed gains on Wall Street and rose 59.9 points, or 0.7 per cent, to reach a fresh record of 8630.3, with increases in 10 out of the 11 sectors. Meanwhile, the The Reserve Bank is moving to end debit and credit card surcharges in Australia, with the proposal ruffling feathers among small business groups. See omnystudio.com/listener for privacy information.
The S&P/ASX 200 Index closed down 9.7 points, or 0.1 per cent, to 8570.4, with seven out of the 11 sectors falling, led by industrials, investors continued to pile into bitcoin with the price increasing to $US120,000 for the first time, the Aussie company looking to cure cancer, and iconic retailer Country Road closes one of its flagship Sydney stores. MARKET WRAP: ASX200: Down 9.70 points or 0.11% to 8,570.40 GOLD: $3,366 USD per ounce BITCOIN: $185,452 for one coin CURRENCY UPDATE: AUD/USD: 66 US Cents AUD/GBP: 49 British Pence, AUD/EUR: 56 Euro Cents AUD/JPY: 97 Japanese Yen AUD/NZD: $1.10 New Zealand Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
How can cash poor older Australians unlock equity in their home?See omnystudio.com/listener for privacy information.
Imugene will forge ahead with a planned pivotal US trial for its blood cancer therapy Azer-cel, having recorded more ‘complete responses’ in its phase 1b study.See omnystudio.com/listener for privacy information.
Bitcoin has smashed through $120,000 USD per coin for the first time in its history.See omnystudio.com/listener for privacy information.
The ASX 200 has closed down 9.7 points or 0.11% to 8,57.4, Prime Minister Anthony Albanese says Australia and China should cooperate more closely over green steel and Bitcoin smashes through its previous high, reaching a new all-time high of $123,218.See omnystudio.com/listener for privacy information.
The ASX 200 Index rallied 50.6 points, 0.6 per cent, to 8589.2, just shy of its record close of 8603 set last week, Silicon Valley chipmaker Nvidia has become the first publicly traded company to surpass a $US4 trillion market valuation, and New data shows Australian household spending increased in June by 0.3%. Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
50 Australian milliners have already taken up BB Millinery’s cause to raise money for the victims of the NSW floodsSee omnystudio.com/listener for privacy information.
What will the looming pharmaceutical tariffs in the US, mean for Australia’s world leading medical research and technology businesses?See omnystudio.com/listener for privacy information.
Silicon Valley chipmaker and AI bellwether Nvidia breaks records on Wall Street, while closer to home Bega winds down its peanut group MARKET WRAP: ASX200: Up 51 points to 8,589 GOLD: $3,326.52 USD/oz BITCOIN: $169,371 CURRENCY UPDATE: AUD/USD: 66 US Cents AUD/GBP: 48 Pence AUD/EUR: 56 Euro Cents AUD/JPY: 95 Yen AUD/NZD: $1.09 NZ See omnystudio.com/listener for privacy information.
New data shows household spending increased in June by 0.3%, but is it enough to get the economy moving amidst a cautious Reserve Bank? See omnystudio.com/listener for privacy information.
The S&P/ASX 200 Index closed 50.6 points, 0.6% higher to 8589.2 on Thursday – just shy of its record close set last week, Nvidia becomes the first company to trade above the $US4 trillion, Donald Trump hits Brazil with a 50% tariff and why you should get your kids hunting for coins this school holidays. See omnystudio.com/listener for privacy information.
The ASX 200 dropped on Wednesday as US President Donald Trump ramped up his trade war, Shadow Treasurer Ted O’Brien reacts to the tariffs and the RBA’s decision to keep interest rates on hold at 3.85% and the State of Origin Rugby League delivers a massive boost to the nation's economy.See omnystudio.com/listener for privacy information.
The S&P/ASX 200 has recorded its biggest fall in 9 weeks, closing down 52 points to 8538 after being rocked by more potential tariffs from the Trump administration.See omnystudio.com/listener for privacy information.
The RBA has defied the expectations of economists, the market and brokers by keeping rates on hold at 3.85%, Australian Defence Companies are hoping to benefit from increased military spending in Europe and tips for small business owners to ensure they are wage compliant. Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The RBA is becoming more transparent under new leadership. Trump's trade war continues causing uncertainty. Defense and tech remain attractive sectors, while education stocks face headwinds. CURRENCY UPDATE: AUD/USD: 65 US Cents AUD/GBP: 48 British Pence AUD/EUR: 56 Euro Cents AUD/JPY: 96 Yen AUD/NZD: 1.08 NZ See omnystudio.com/listener for privacy information.
Wage compliance issues can cost small businesses big, but technology is making it easier and more affordable than ever to stay on top of payroll obligations.See omnystudio.com/listener for privacy information.
What benefit would an increase of Australian defence spending bring to the nation's defence manufacturing industry?See omnystudio.com/listener for privacy information.
The RBA has decided to keep rates on hold at 3.85%, prolonging further relief for mortgage holdersSee omnystudio.com/listener for privacy information.
The Reserve Bank keeps rates on hold, Markets close flat following the RBA's decision and Aldi partners with DoorDash to launch online shopping delivery serviceSee omnystudio.com/listener for privacy information.
Trump announces that countries will have until August 1st until his new tariffs kick in, economists expect a rate drop at tomorrow's RBA meeting, people are going cold at home because they don’t want a big electricity bill, and should we be doing more to teach our kids about money. Host: Scott Haywood Executive Producer: Charlie Meller Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
How can we set our kids up for financial success when schools aren't teaching them money management?See omnystudio.com/listener for privacy information.
Trump's ceasefire between Israel and Iran leads to falling oil prices, and rising investor confidence. But is a larger economic storm brewing? CURRENCY UPDATE: AUD/USD: 65 cents AUD/GBP: 48 british pence AUD/EUR: 55 Euro cents AUD/JPY: 94 yen AUD/NZD: 1.08 New Zealand Dollars See omnystudio.com/listener for privacy information.
Feeling the freeze? How are Aussies are coping with soaring energy costs this winter? With power prices skyrocketing, heat rationing is on the rise. Scoot talks to Sophie Ryan from iSelect about clever ways to stay warm without cranking up the heater.See omnystudio.com/listener for privacy information.
Countries will have until August 1st before the US introduces their new tariffs, economists expect a consecutive rate drop tomorrow from the RBA, Could the winter holidays be the best time to teach your kids about money and finance?See omnystudio.com/listener for privacy information.
Donald Trump to start sending out letters, with not all trade deals to get done by the July 9 deadline. PM Albanese sets out his next three years of economic hopes and wishes. And the ASX finishes the week in uncharted waters. Email us your thoughts to moneynews@nine.com.au Hosted by: Tom StoreySee omnystudio.com/listener for privacy information.
ASIC warns super customers around pushy sales tactics; GemLife hits the ASX as the next big IPO; class action launched against AMP Superannuation; meat prices in restaurants not flowing through to beef producers; Tony Sycamore joins us for the Market Wrap; and Deb Knight hosts her final edition of Money News Host: Scott Haywood Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
While the price of a good steak can climb up to $350 in top restaurants, only a sliver of that actually makes its way to farmers.See omnystudio.com/listener for privacy information.
US rates could be cut sooner than expected, depending on results out of the Non-Farm Payrolls this week. MARKET WRAP: ASX200: down 0.02%, 8595 GOLD: $3,356 US/ounce BITCOIN: $166,513 AUD Pro Medicus climbed 7.8% to $307.39 after announcing two contracts in the United States worth more than $200 million in total. BHP jumped 5.6%, Mineral Resources closed 7.8% higher, with Fortescue & Rio Tinto up 1.8%. Up more than 1% was Wisetech Global, James Hardie and Bluescope Steel. G8 fell 7.4% for its third day of losses in a row after one of its former employees was charged with offences related to the alleged abuse of children. Commbank down 2.2%, NAB off 1.1%, and Westpac down 0.7%. ANZ escaped the losses, up half a percent. JB Hi-Fi down 3%, Harvey Norman off 1.5%, and Myer losing 1.6%. CURRENCY UPDATE: AUD/USD: 64.8 US cents AUD/GBP: 48.1 pence AUD/EUR: 55 Euro cents AUD/JPY: 94 yen AUD/NZD: 1.08 Dollars See omnystudio.com/listener for privacy information.
ASIC is warning consumers to be aware of pushy sales tactics that offer superannuation deals that are too good to be true.See omnystudio.com/listener for privacy information.
The ASX dropped, then fought back, as a big player in retirement living stretched its legs on the ASX. This will be Deb Knight's last edition of the Market Wrap podcast, with Scott Haywood and Evan Lucas to pick up hosting duties in the weeks to come. The team at Money News wish her all the best for the future!See omnystudio.com/listener for privacy information.