As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.
Brent crude oil prices drop back from their highest level since July 2022, money markets expect Australia's cash rate to lift to 4.85% by the end of this year. Plus, investors focus more on the Middle East than the rout of global software stocks.
The world's biggest gas export facility in Qatar is hit by Iranian missiles, Treasurer Jim Chalmers lays out his major budget preview. Plus, the Energy Regulator announces its latest price rises for uncontracted electricity users.
The Treasurer hoses down talk of a recession, BHP and Woodside both announce new CEOs. Plus, the government charged the ACCC to investigate fuel price gouging but the ACCC Deputy claims it is not actually illegal.
The Reserve Bank raises interest rates by a quarter of one percent, but the big shock is that Governor Michele Bullock will not rule out a future recession for Australia. Plus, HSBC Australia Chief Economist Paul Bloxham joins Ross Greenwood.
Markets say interest rates will rise tomorrow and two more times this year, the Victorian government settles out of court with businesses affected by its COVID-19 lockdowns. Plus, the cause of the inflation is fuel prices.
Former UN diplomat Merriden Varrall discusses the Iran war and the geopolitical implications, market pricing for a rate rise next week surges to roughly 82 per cent. Plus, the latest GST carve up has WA, Queensland and Victoria as the big winners.
Oil surges above $US100 a barrel as Iran targets tankers in the Strait of Hormuz, Atlassian slashes 1,600 jobs amid the AI shake-up. Plus, Australian super funds showcase their financial strength in the US, urging infrastructure sell-offs.
Money markets and economists expect the Reserve Bank to lift interest rates on Tuesday, hundreds of homes and businesses inundated by floodwaters in Bundaberg. Plus, the National Reconstruction Fund invests $200 million in Macquarie Technology Group.
Global markets rebound and oil falls below $US90 a barrel after Trump says the Iran war could end soon, rising petrol prices send consumer and business confidence plunging. Plus, CrowdStrike CEO George Kurtz weighs in on the AI arms race.
About $90 billion was wiped off Australia's share market today, Brent Crude has soared above $US114 a barrel. Plus, the oil price shock is stoking fears of inflation and higher interest rates.
Global markets plunge off the back of concerns over the conflict in the Middle East, China takes its growth target down to 4.5-5 per cent, marking the least ambitious target in 35 years. Plus, a look into the auctions market for the weekend.
Matt Bekier and Paula Martin, have been found by a Federal Court Judge to have contravened the Corporations Act, the inflation shock from rising energy prices stemming from the war in Iran. Plus, Ross Greenwood sits down with Gerry Harvey.
The stock market plunges to its lowest level in two weeks, Australia's economy grew faster than expected in the December quarter. Plus, we'll play you Ross Greenwood's interview with the CEO of Australia's largest supermarket chain Woolworths.
Iran's Revolutionary Guard are threatening to attack vessels in the Strait of Hormuz, Aussie businesses are scrambling to understand what the impact of the Iran conflict will have on them. Plus, Qantas CEO Vanessa Hudson speaks to Ross Greenwood.
Oil prices have surged after the US and Israeli strikes on Iran disrupted the Middle East. Plus, energy producers, gold companies and defence stocks took off on the market today in response to the military escalation.
Computer chip maker Nvidia shares take off after earnings doubled in the past quarter and the company lays out massive growth for the future. Plus, Qantas shares tank despite an upbeat half-year profit report.
Pencil in May 5 in your diary because that's the day markets now say the Reserve Bank will raise interest rates. Plus, Woolworths shares shot the lights out to their highest in almost 18 months after profit and sales growth beat forecasts.
Tech shares slump as IBM has its worst day in 25 years, former treasurer Peter Costello lets rip at the federal government. Plus, the Retail Council says consumers and retailers will pay an extra $9 billion because of inconsistent state regulations.
Share prices fall hard after Donald Trump's tariff defeat, the impact of the US Supreme Court rejection of Trump's tariffs. Plus, this Wednesday's inflation figure is the last clue before the Reserve Bank makes its next interest rate decision.
Founder of the Tex Mex fast food chain Guzman y Gomez and CEO of Inghams joins the show. Plus, oil prices surge to their highest level since August, as geopolitical tensions escalate between the US and Iran.
A strong labor market immediately puts pressure on the Reserve Bank to continue raising interest rates this year. Plus, competition watchdog, ACCC is in the fourth day of its legal clash with supermarket giant Coles.
Treasurer Jim Chalmers slams former Reserve Bank Governor Philip Lowe, the Stokes family-controlled SGH group drops a second takeover bid on Bluescope Steel. Plus, we speak with ASIC Commissioner Alan Kirkland.
Hastie named the Shadow Industry Minister. Tim Wilson appointed the Shadow Treasurer. Plus, BHP's revenue for the half year is ahead 11 per cent to $27.9 billion.
The International Monetary Fund calls out federal government over-spending and warns it may need to bail out broke states including Victoria. Plus, we take you inside a boardroom drama worthy of a mini-series.
Newly appointed Opposition Leader Angus Taylor says the Liberal Party must focus on lowering taxes to fight back against Labor's big spending agenda. Plus, the CEOs of commercial property giant BWP Group join the show.
The Liberal Party leadership challenge is the big political talking point, but Coalition members got stuck into the Reserve Bank Governor today. Plus, AMP and Temple & Webster shares both tanked by 30 per cent during the day.
The Commonwealth Bank's profit soars and so does its share price. Plus SGH, the old Seven Group and owner of Boral, Westrac and Coates Hire - put out a strong profit today.
Consumer confidence slumped with all the talk about higher interest rates, shares in local insurers and insurance brokers tank. Plus, we speak with the CEO of Australia’s biggest after-market auto parts makers.
The owner of the Carsales website took off with its profit announcement today after a rough six months, financial markets have been highly volatile of late. Plus, how many more rate rises will we see this year? The markets say one.
More than $65b wiped out on the ASX as tech stocks nosedive, Reserve Bank Governor Michele Bullock finally admits that government spending contributes to aggregate demand. Plus, Japan's PM Sanae Takaichi is poised to win this Sunday's snap election.
Large tech companies on Wall Street remain under serious pressure despite delivering strong earnings results. Plus, oil and gas producer Beach Energy is the first major ASX-listed energy company to report its results this profit season.
Tech stocks were heavily sold off today, following a $300 billion US dollar rout on Wall Street, the Reserve Bank raised interest rates for the first time in more than two years. Plus, La Trobe Financial has reported strong inflows during January.
The Reserve Bank has raised the cash rate by 25 basis points to 3.85 per cent, that's its highest level in more than two years. Plus, we'll discuss this tough economic outlook with the CEO of Australia's largest debt collector and buyer Credit Corp.
The odds of a rate rise by the Reserve Bank got even stronger today, the founder and major shareholder of Corporate Travel Management Jamie Pherous today stood down with immediate effecthome prices kept rising in most capital cities in January.
Nine Entertainment shares jump after plans to sell radio and regional TV assets and buy QMS Media for $850 million, Donald Trump prepares to name a new Federal Reserve chairman. Plus, gold and silver trade near record highs.
A serious outage at the Reserve Bank delays hundreds of property settlements using the PEXA system, the ASX announces a new corporate governance advisory group. Plus, the US Federal Reserve keeps interest rates on hold.
Major bank economists and money markets say the Reserve Bank has no choice but to raise interest rates next week. Plus, the Indonesian stock market is in freefall today, after the American finance company MSCI raised serious concerns.
Gold and silver surge to new record highs, Don Farrell becomes the first Australian minister to visit Saudi Arabia in nearly a decade. Plus, BHP overtakes Commonwealth Bank as Australia’s biggest company after a 27 per cent rise in shares.
It's appropriate that on Australia Day, The Aussie dollar hits its highest point against the Japanese yen since 1991. Plus, gold smashes through $US5000 an ounce for the first time in history.
Australian super funds post double-digit returns, lifting balances about 35 per cent over three years, as ASX listings slump well below average. Plus, Donald Trump files a $5 billion lawsuit against JP Morgan and CEO Jamie Dimon.
The odds of an RBA rate rise within weeks climb above 50 per cent following OECD warnings, unemployment falls from 4.3 per cent to 4.1 per cent. Plus, a public spat unfolds between Ryanair boss Tony O’Leary and Elon Musk.
Shares in Australian Strategic Materials surge on a US takeover bid, ASIC orders CFD providers to refund $40 million to investors. Plus, AFIC dumps its WiseTech stake over corporate governance concerns.
Aussie start-up Gilmour Space has rocketed to a $1 billion dollar valuation, after securing $217 million dollars in funding. Plus, mining giant BHP has posted record production of copper and iron ore during the first half of the year.
Markets are on watch ahead of US President Donald Trump’s appearance at the World Economic Forum in Switzerland later this week. Plus, the Reserve Bank’s first monetary policy board meeting of the year will be held in just two weeks.
The mid-year economic and fiscal outlook has confirmed that Australia's federal budget will remain deeply in the red until at least the 2035 financial year. Plus, SMEs are under serious financial pressure.
US Federal Reserve cuts rates to 3.75 per cent from 4 per cent, unemployment rate flat at 4.3 per cent in November. Plus, Ross Greenwood tours some stunning properties up for grabs.
Markets lift after the US Federal Reserve cuts interest rates, Australia's unemployment rate remained steady in November at 4.3 per cent. Plus, one ASX-listed company announces plans to expand its footprint in New Zealand.
Treasurer Jim Chalmers set to release the mid-year budget update next week. Plus, ASFA raises serious concerns with the federal government's plan to add APRA-regulated super funds to the Compensation Scheme of Last Resort.
The Reserve Bank keeps interest rates on hold at 3.6 per cent, high demand for domestic air travel in spring leads to higher airfares for Aussie travellers. Plus, Paramount launches a hostile takeover bid for Warner Brothers.
Jim Chalmers says the federal government's energy rebates will come to an end after Cabinet ruled out extending the scheme. Plus, Donald Trump raises potential antitrust concerns around Netflix's planned $108 billion takeover of Warner Brothers.
