The CEO of Fortescue has stepped down after just six months in the top job, while the company’s earnings dropped to $US4.8 billion across FY23

The CEO of Fortescue has stepped down after just six months in the top job, while the company’s earnings dropped to $US4.8 billion across FY23

Join Deborah Knight for Money News, the most respected business program on radio.


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Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

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Gavin Wendt, Founding Director and Senior Resource Analyst, MineLife

The world of media has not stopped turning, with the ABC appointing a new Managing Director – ex-Nine boss Hugh Marks

 

The world of media has not stopped turning, with the ABC appointing a new Managing Director &ndash; ex-Nine boss Hugh Marks
&nbsp;

Ben Willee, General Manager and Media Director for Spinach Advertising

Global markets tanked following the US rate cut decision, but can things be salvaged into 2025?

 


ASX200: down 1.70%, 8,168


GOLD: $2,626 US/oz


BITCOIN: $162,865 AUD




Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6%


Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%.


Zip’s up-and-down run saw it losing 9% to $2.84.


BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%.


Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over ‘unjust fees’.


And others escaping the carnage included QBE, Brambles, Coles and APA Group.

Global markets tanked following the US rate cut decision, but can things be salvaged into 2025?
&nbsp;
<ul>
<li dir="ltr" aria-level="1">
ASX200: down 1.70%, 8,168
</li>
<li dir="ltr" aria-level="1">
GOLD: $2,626 US/oz
</li>
<li dir="ltr" aria-level="1">
BITCOIN: $162,865 AUD 
</li>
<li dir="ltr" aria-level="1">
Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6%
</li>
<li dir="ltr" aria-level="1">
Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%.
</li>
<li dir="ltr" aria-level="1">
Zip&rsquo;s up-and-down run saw it losing 9% to $2.84.
</li>
<li dir="ltr" aria-level="1">
BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%.
</li>
<li dir="ltr" aria-level="1">
Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over &lsquo;unjust fees&rsquo;.
</li>
<li dir="ltr" aria-level="1">
And others escaping the carnage included QBE, Brambles, Coles and APA Group.
</li>
</ul>

Market Wrap with Scott Phillips – CIO, The Motley Fool

Australia leads the world in skin cancer rates, so can a company upping our clothing protection help to fight the problem?

Australia leads the world in skin cancer rates, so can a company upping our clothing protection help to fight the problem?

Gavin Wendt, Founding Director and Senior Resource Analyst, MineLife

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