Fear and Greed Afternoon Report | 24 Apr 2025

Published Apr 24, 2025, 6:59 AM

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

  1. Uranium stocks leads ASX

  2. Dutton v Albanese

  3. ResMed tariff exemption

  4. Corporate news

  5. IBM falters

Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the twenty fourth of April twenty twenty five. I'm Sean Almer. Every afternoon, We've got the fire stories that happened today that you need to know about. Story and one. There s and PA six two hundred held on to its gains of yesterday to close up another zero point six percent two seven nine hundred and sixty eight points. The uranium stocks Palette and Energy Deep Yellow Boss Energy were among the best performers, while the energy companies were among the worst. Woodside fell two percent. For example. Among the sub indsease, healthcare and material stocks did best. Among the individual large caps, Westpac Ain's, ed, mcquarie Group and round Tinto We're all up around one percent, while wise Tech Global jumped three percent. For the three trading days this week, the Boss is up more than two percent, about two point two percent, the best weekly gain of the year. Story number two. Opposition leader Peter Dunton has considered he will repeal Labour's electric vehicle tax break if elected. Labor introduced an exemption from fringe at benefits tax when a person an EV worth less than ninety one thousand dollars through an ovated lease, which is where an employer makes payments through pre tax salary deductions. Now, the FBT exemption, which the coalition voted against in Parliament, can save a vehicle's owner tens of thousands dollars over several years, been far more popular than Treasury forecast, and mister Dutton says that he actually will drop that break if elected. Meanwhile, the Albanezi government says it will use a critical minerals reserve as leverage with the Trump administration over tariffs, as the mining industry warns that establishing the stockpole could push down commodity prices. Otherwise, in politics, the leaders of the party's criss crossed the country today from Tasmania and Peter Dutton's case to Western Australia and Anthony Alberaneesi's case as a frantically fight to pick up votes. Exit polls from early voting outlets suggest to swing towards the government, though there's a long way to go. Story Number three. Sleep device maker RESMD says it has received an exemption from Donald Trump's trade tariff, sending its share price up eight percent. It means it's exports from manufacturing hubs in Australia and Singapore will dodge the trade war. Chief executive Mick Farrell conceded that nothing was certain under the current US administration and the company's doubling its US manufacturing footprint with a new plant in California. It's also outlined a slightly disappointing earnings result, but overall it seems like positive news for resned Story number four. In other corporate news around the Place today, PWR Holding shares fell after the company notified investors its founder Keys Wheel was taking temporary medical leave to seek treatment. Generation Development tumbled despite reporting a rise in assets under management across all investment divisions in its first quarter as an ASX two hundred listed company. Linhoann Resources was higher after reporting an increase in revenues, and gold miner Neumont, which owns a former ASEX listed New Crest, says gold production was down nineteen percent in March quarter due to planned outages in North American minds. Finally, story number five is a good Night on Wall Streem. The US equity surged on the back of reports from The Wall Street Journal and Houters that the Trump administration will look at luring tariffs on imported Chinese goods pending talks with Beijing. A senior White House official said the levies were likely to come down to between fifty and sixty five percent. There's also a bunch of positive earnings results out, with the broad based SMP five hundred touching a two week high. The tech heavy Nasdaq rows two and a half percent, including a six percent jump in Tesla's share price, following chief executive On Musk's pledge to dedicate more time to the car maker. One stock together. The other way was Microsoft. While first quarter sales were up at touch and profit, it seated expectations, fears about tariffs and US government costs cuts hit the stock. That's it for the afternoon report for Thursday, the twenty fourth of April twenty twenty five. Make sure you hit the follow on the podcast. We will be back tomorrow morning with a Friday Anzac Day edition of The Fast Five Business Years by Fear and Greed. I'm Seane Elmer. I'm enjoy your evening

Fast Five by Fear and Greed

Five business news stories in five minutes, with journalists Sean Aylmer and Michael Thompson. When  
Social links
Follow podcast
Recent clips
Browse 2,461 clip(s)