Business Now with Ross Greenwood

Australia’s second-largest share market float appears to be in serious doubt as investors reject the $11 share price, and the Tax Office holds firm on its credit card ban. Plus, ASIC puts an interim stop order on another private credit business.

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The future of Australian coal mines is in doubt after a landmark High Court ruling, ASIC investigates the $1.2 billion collapse of two super funds. Plus, housing starts jump 14.4 per cent year-on-year.

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OpenAI fronts a Parliamentary Inquiry, consumer confidence in Australia is now the worst its been since the 1990s recession. Plus, the Coalition vows to undercut Labor's annual migration target by around 60,000 people.

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Fresh attacks on Saudi oil facilities put pressure on energy prices, the Treasurer hints at spending restraint but falls short of saying spending will be cut. Plus, poor home auction clearance rates again point to prices continuing to fall.

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Firmus Technologies is preparing to list on the stock market soon with a valuation of $43.7 billion on ASX, the RBA's ban on card surcharges has caused restaurants and cafes to increase prices. Plus, investors scrutinise AI related floats.  

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The Reserve Bank says roughly one per cent of borrowers are in negative equity but this could increase fivefold, global bond markets have taken a battering in September. Plus, Australians are switching to electric vehicles in record numbers.

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Headline inflation jumped to 4 per cent in August, the RBA says we spend $1.6 billion on surcharges each year. Plus, the potential ban by President Trump on exporting diesel.

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The Reserve Bank raises the cash rate to a 15-year high of 4.6 per cent, tech giant OpenAI has apologised for one of its rogue agents hacking into four Australian government websites. Plus, household spending weaker than expected.

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The Reserve Bank is widely expected to raise interest rates tomorrow to 4.6 per cent, Treasurer Jim Chalmers releases the final budget outcome. Plus, the growth outlook for artificial intelligence companies.

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ASX200 index falls to a new 50-day low as surging bond yields put pressure on stock markets, oil prices ease amid talks between the US and Iran. Plus, Donald Trump meets with Xi Jinping at the White House. 

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Australia’s unemployment rate rises to 4.6 per cent, while new data shows housing and cost of living pressures are weighing on Australians. Plus, Daniel Mookhey pushes to change NSW’s GST deal ahead of the state election.

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Energy leaders call for greater policy certainty and faster approvals, most oppose powering data centres solely with renewables. Plus, Australia faces heightened storm threats in the coming months, according to the News24 Severe Weather outlook.

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Michele Bullock faces a rate rise call next week, with markets and economists expecting a hike, a battle brews over using super to buy a home, and one in four investors are less likely to invest amid tax uncertainty.

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Treasurer Jim Chalmers releases a second intergenerational report which says AI will have a defining influence on our economy over the next 40 years, Albanese advocates for a seat on the UNSC. Plus, auction clearance rates remain below 50 per cent.

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13 lenders have lifted fixed rates ahead of the RBA rate meeting, RBA governor says fuel costs will surge due to the Iran War. Plus, the NSW Supreme Court have approved BATHLA's admin extension until September 2027.

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Tony Burke announces Labor’s plans to cut immigration, the US Federal Reserve raises interest rates for the first time in over three years. Plus, lobby groups representing farmers and the tourism sector hit back at Labor’s immigration reforms.

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Markets are bracing for tomorrow morning's interest rates decision by the US Federal Reserve, Bitcoin prices plunge after a crypto regulations bill in the United States failed to receive enough votes in the Senate. Plus, Rob Bishop joins the program.

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Houthi Rebels launch waves of attacks on Saudi Arabia, sales of new homes have declined for a fourth consecutive month. Plus, the top 40 per cent of Australians by income or wealth have received almost $4 billion in cost-of-living relief.

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About 600 jobs have been slashed at the Whyalla steelworks in South Australia, One Nation announces plans to reduce migration by 750,000. Plus, the founder of one of Australia's fastest growing health tech companies 4D Medical joins the program.

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Australian bond yields hit multi-year highs as oil reaches a four-month peak and rate rises threaten recession. The SaaS sell-off faces scrutiny as AI spending reshapes the economy. Plus, the housing downturn puts weekend auctions under pressure.

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The government has confirmed it will soften its 20 per cent gas reservation plan, Nvidia is making a big investment into Australia. Plus, Queensland could see a credit rating downgrade as early as tomorrow.

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US business groups and the Trump administration hit back at the ATO’s new royalties tax rules, Steve Baxter warns tax changes are hurting defence investment. Plus, Bubs secures US approval to sell three infant formula products.

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The ATO takes on America’s tech giants over billions in potential extra taxes, oil prices climb amid US-Iran strikes and disruption to tanker traffic. Plus, Australian business conditions plunge to a six-year low.

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The administrators of Bathla have stood down hundreds of staff, One Nation's plan to allow Australians early access to their super has been attacked by Labor. Plus, housing affordability in Australia has fallen to an all-time low.

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Bathla’s collapse puts subcontractors on notice as insolvencies loom, the RBA faces a tough rate call amid slower growth and sticky inflation. Plus, a whole island goes on sale for around half a million dollars.

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Bathla administrators pay workers some wages as they negotiate with lenders, La Trobe Financial CEO Chris Andrews joins the program to discuss the collapsed developer. Plus, Australia’s cruise industry faces a decline despite strong demand.

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Australia’s economy grows 2.1 per cent, putting pressure on the Reserve Bank to raise rates, Bathla Group’s deadline to secure funding is extended by 24 hours. Plus, surging oil prices add to inflationary pressures.

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Property prices fall for a fifth consecutive month, while building costs soar 30 per cent in five years and push up insurance premiums. Plus, Treasury says fewer than 10 per cent of businesses have significantly adopted AI.

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US Federal Reserve chairman Kevin Warsh has sounded the warning on inflation, the administrators Bathla Group say the business will be unable to pay its staff by Thursday. Plus, it's the final day of profit reporting season.

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Virgin Australia, Harvey Norman and PEXA report their latest results, with PEXA CEO Russell Cohen on the pressure facing the property market. Plus, Kyle Rodda recaps a wild earnings season as share prices surge and plunge on results.

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The big four banks now expect another rate rise after yesterday’s inflation data, Qantas flags higher revenue despite a $420 million oil hit. Plus, Nvidia shares soar as it forecasts 70 per cent revenue growth.

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Inflation falls to 3.5 per cent, but rate hike fears rise, Woolworths shares surge 6 per cent to a five-year high. Plus, the Future Fund announces the retirement of long-serving CEO Raff Arndt.

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Westfield has aims to be one of Australia's biggest apartment developers, the Baltha Group goes bust owing more than $3 billion. Plus, the government has positioned itself as the guardian of the superannuation system.

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Kogan shares slump despite its sales and profit rising, the latest inflation numbers will determine the next move in interest rates. Plus, despite statements from government that home prices won't fall, weak auction clearances show the opposite.

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Australia’s debt tops $1 trillion for the first time, Medibank accuses insurance comparison sites of driving up premiums. Plus, SCX.ai raises $40 million in its ASX debut, with CEO David Keane joining the program.

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Australia’s $1 trillion debt looks even bigger when state debt is added, unemployment rises to 4.5 per cent as Victoria hits 5.1 per cent. Plus, Moderna shares surge after breakthrough cancer vaccine result.

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WiseTech shares plunge after an ACCC search warrant, Santos reports a 22 per cent profit fall. Plus, real wages go backwards for a third straight quarter, with the private sector hit hardest.

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CSL shares soar back to life as its profit and outlook exceed expectations, another big winner on the stock market is medical imaging growth stock Pro Medicus. Plus, Chief Executive Nick Hamilton joins the program.

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JB Hi-Fi shares slump suffering their worst day in 15 years, the Reserve Bank investigates the impact of housing tax changes. Plus, Bluescope Steel profit doubles as it's US operation North Star soars.

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Treasurer Jim Chalmers has appointed Melinda Cilento as a part-time member of the Reserve Bank's monetary policy board, the government grills KPMG over the company's ethical failures. Plus, new home loans fall 5.4 per cent in the June quarter.

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KPMG clears senior management ahead of a parliamentary inquiry into whistleblower claims, while major companies report results. Plus, the Telecommunications Industry Ombudsman calls for a regulatory overhaul to improve regional services.

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CBA posts an $11 billion profit as mortgage applications fall 15 per cent, while Jim Chalmers rejects warnings of a housing slump. Plus, Suncorp CEO Steve Johnson joins the show after a strong profit result.

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The RBA holds rates but keeps the door open to a hike, two KPMG executives resign ahead of another parliamentary inquiry. Plus, it’s Census night as demographer Simon Kutscher joins the show to discuss what the data will reveal.

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Westpac shares slump hard as mortgage applications have dropped 20 per cent since the changes to negative gearing and CGT, oil prices climb as Iran refuses a deal to re-open the Strait. Plus, the RBA makes an interest rate decision tomorrow.

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Atlassian surges after a stunning turnaround, the share market hits fresh record highs despite sluggish economic growth. Plus, signs of life emerge in parts of Australia’s slowing housing market.

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The share market surges to another record high as ceasefire hopes lift miners and tech stocks, Beach Energy and REA Group report earnings. Plus, AMP celebrates its strongest turnaround since the Financial Services Royal Commission.

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Oil prices tumble as Middle East peace talks lift the Australian share market to a record high, Argo Investments reports its latest profit. Plus, the government amends its negative gearing changes to protect widows and orphans.

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Australians keep spending despite soaring fuel prices, Credit Corp posts a strong profit as earnings season begins. Plus, insurers urge the New South Wales Government to scrap its emergency services levy.

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Home prices around the country keep falling, the government is facing calls to rethink its new taxes on discretionary trusts, Plus, the US Government took the unusual step of buying Japanese Yen over the weekend.

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Microsoft and Amazon lift global markets, helping drive the Australian sharemarket higher, home prices are expected to weaken when new data is released on Monday. Plus, this weekend’s auction results will provide the latest read on buyer confidence.

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Global rate expectations shift as the US holds steady while Australia looks set to keep rates on hold, NAB says home loan applications have slumped since the Budget. Plus, the US backs a radical new passenger aircraft with a $3 billion investment.

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Lower than expected inflation eases pressure on the Reserve Bank, ASIC warns 1.8 million mortgage holders to check their offset accounts. Plus, Rio Tinto reports a $6.8 billion half-year profit as copper takes centre stage.

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RBA Governor Michele Bullock warns inflation remains a concern ahead of new inflation figures. Plus, Prime Minister Anthony Albanese unveils plans for Australia’s first new oil refinery in more than 60 years.

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Jacinta Allan is on shaky ground with her Labor colleagues, there is a change in the outlook for the global economies. Plus, one of Australia’s largest and oldest investment companies sharply under-performed in the past financial year.

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The US imposes a 12.5 per cent tariff on Australia over forced labour claims, oil prices surge as Red Sea attacks rattle markets. Plus, Qantas’ ultra-long-range Airbus completes a 19-hour test flight to Melbourne.

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Labor opens its national conference by taking aim at the Coalition rather than unveiling major new policies, the government moves to establish a Fair Work Court welcomed by unions. Plus, unemployment holds steady at 4.4 per cent in June.

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The property industry blames the government’s negative gearing changes for falling home prices, China’s new AI challenger Moonshot unveils its low-cost Kimi K3 model. Plus, the Reserve Bank tests Australians on their economic knowledge.

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Former Reserve Bank governor Philip Lowe says interest rates will stay higher for longer, Houthi rebels who support Iran want to blockade the Red Sea. Plus, the latest unemployment figures are out tomorrow.

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The government faces a big hole in its budget as revenues from mining and resource companies take a big dive. Plus, Christopher Nolan's new movie The Odyssey becomes the highest grossing R-rated film in history.

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Telstra executives face a bruising Senate inquiry over last week’s major outage, Netflix shares fall after disappointing investors. Plus, is another interest rate rise on the cards?

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BHP workers strike at Port Hedland in one of the Pilbara’s biggest work stoppages this century, ASX listings hit a four-year high. Plus, young Australians are taking bigger investment risks despite looming tax changes.

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Anthony Albanese unveils new AI rules covering data centres and copyright, Donald Trump drops plans for a 20 per cent Strait of Hormuz shipping toll. Plus, a new report reveals Australia’s highest-paid CEOs are all based in the US.

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Donald Trump proposes a 20 per cent toll on shipping through the Strait of Hormuz, business confidence rises for a third straight month despite weak sentiment. Plus, Genesis Minerals and Vault plan a $12.6 billion gold merger.

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Oil prices jump after the US and Iran exchanged fresh missile strikes over the weekend, Auction clearance rates remain below 50 per cent for a tenth straight week. Plus, South Korean computer chip giant SK Hynix lifts almost 13 per cent on debut.

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Telstra’s CEO apologises and accepts responsibility for the nationwide outage as the telco faces millions in fines, South Korean chip giant SK Hynix prepares for its US market debut. Plus, Victory Metals discusses the outlook for rare earths.

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Oil prices head back towards $US80 a barrel as the US-Iranian ceasefire breaks down, Telstra's CEO Vicky Brady has cut her vacation short. Plus, rent prices may not be rising as fast as many reports suggest they are.

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Telstra faces growing scrutiny after its major outage, new building data deals another blow to the government’s housing targets. Plus, New Zealand’s central bank resumes rate hikes with a 25 basis point increase.

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Foxtel and Nine strike a $5.3 billion deal to keep the NRL on screens, Deloitte warns Australia faces its weakest economic growth since the early 1990s recession. Plus, WiseTech founder Richard White steps down as executive chairman.

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More than half of all homes up for auction over the weekend actually sold. Plus, a $12.6 billion takeover lands today for the gold miner Vault Minerals and if successful would bring three gold mines at Leonora in Western Australia under one roof.

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The ASX rallies after weaker US jobs data eases rate fears, Saudi oil exports rebound to near pre-war levels as crude prices slide. Plus, fund manager Andrew Dale joins the show to discuss the economy, markets and the banks.

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Global tech stocks remain under pressure as investor Michael Burry warns it’s the beginning of the end, the government’s insolvency chief says wealthy Australians are gaming the system. Plus, super funds begin reporting annual returns.

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The government rejects blame as home values fall across every state, Coles shares slide after confirming talks to buy Greencross in a $4 billion deal. Plus, the big accounting firms face an ASIC shake-up following a string of scandals.

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It’s the final day of the financial year and the last chance to act before new tax rules take effect, TPG Asia Pacific boss faces court over an alleged drink-driving crash. Plus, the RBA says the economy remains constrained as rate rise fears ease.

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Auction clearance rates are below 50 per cent for the eighth straight week, the property market is weakening due to new tax policies announced on budget night. Plus, the world's largest cryptocurrency bitcoin has fallen below $US60,000.

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The AI sell-off continues as the Nasdaq extends its losses, KPMG’s Chief Economist Brendan Rynne weighs in on rates after this week’s inflation and jobs data. Plus, Property Friday showcases the week’s standout homes.

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Labor's tax changes passes through parliament, the CEO of La Trobe Financial Chris Andrews says Australia can avoid a recession. Plus, the world's first carbon refinery opens on Kooragang Island.

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Headline inflation falls to 4 per cent in May, computer chip stocks got smashed overnight by investors in the US. Plus, Peter Burgess, the CEO of the Self Managed Super Fund Association joins the program.

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The Greens will help pass Labor's controversial tax changes through the Senate, the executive clean-out at accounting firm KPMG continues. Plus, the New South Wales and Queensland state budgets announced today.

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Home auction clearance rates collapsed over the weekend in a direct reflection of the government's policies to change capital gains tax and negative gearing rules. Plus, time is up for Australia's giant accounting firms.

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A major inquiry into the KPMG audit scandal gets underway in Canberra, the final report into Labor’s proposed tax changes is released. Plus, attention turns to key inflation and unemployment data after the RBA left rates on hold.

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The government announces significant unplanned changes to its CGT plan, the peace deal between the US and Iran eased oil prices and pushed up the US dollar. Plus, Australia's population grew by 412,500 to 27.87 million people in 2025.

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Orica’s CEO says businesses have faced constant crises since COVID, the Vinnies CEO Sleepout marks its 20th year raising awareness of homelessness. Plus, SpaceX shares surge after listing, making it one of the world’s most valuable companies.

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The RBA leaves rates on hold after three consecutive hikes, attention now turns to this week’s US Federal Reserve meeting under new chair Kevin Warsh. Plus, Labor’s tax inquiry wraps up as calls grow to simplify the tax system and cut red tape.

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US President Donald Trump says the Strait of Hormuz will reopen after a deal was struck with Iran to end the war, SpaceX IPO launched with more than 30,000 Aussies applying for shares. Plus, Jeremy Zook joins the show.

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The countdown is on for the SpaceX IPO, the biggest capital raising in history, Aussie investors shift money into ETFs amid Labor’s tax changes. Plus, the FIFA World Cup kicks off with more teams, bigger crowds and record prize money.

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The countdown is on to the SpaceX IPO as investor demand surges, oil prices rise after the US and Iran trade strikes in the Middle East. Plus, Australia’s biotech and medtech sectors warn Labor’s tax changes will hurt innovation.

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Senate scrutiny of Labor’s tax changes begins next week, concerns grow over the power and water demands of Australia’s booming data centre sector. Plus, drone maker Boresight soars on its stock market debut.

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Consumer confidence sinks to a 50-year low, Australia’s beef sector stands to benefit from falling global production. Plus, polling shows many business leaders left Australia’s Economic Outlook event less confident about the economy.

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Markets across the Asia Pacific region plunged today, a new report finds that Australians need a minimum of $400,000 in superannuation to fund a comfortable retirement for just one decade. Plus, Brisbane has the worst clearance rate in the country.

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Anthony Albanese and RBA Deputy Governor Andrew Hauser headline Australia’s Economic Outlook, Australians get access to the SpaceX IPO. Plus, Ross Greenwood examines slowing growth and Labor’s tax changes with La Trobe Financial CEO Chris Andrews.

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Victoria has the biggest police force in the country but car theft is out of control, the price of Bitcoin has slumped 12 per cent in the past week. Plus, Australia's biggest wine maker will reduce the number of brands it markets from 76 down to 30.

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Australia’s economy grows just 0.3 per cent in the March quarter, with a data centre construction boom helping support growth. Plus, BHP shares hit another record high on strong demand for copper.

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Wages for 2.8 million low-paid Australians will rise 4.75 per cent from July 1, while farm profits are forecast to plunge 70 per cent this year. Plus, concerns grow that Labor’s trust tax changes could hit families caring for people with dementia.

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Home prices in May were flat on average but have now started to drop alarmingly, the government continues to defend its budget. Plus, Arafura’s Nolans Project is declared the first-ever significant project in the Northern Territory.

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KPMG Australia CEO Andrew Yates quits amid a growing audit scandal, global markets rally on reports the US and Iran have agreed to extend their ceasefire. Plus, a look at the Aussie dollar’s performance with Michael Sorial from OFX Global.

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Markets tumble as US strikes on Iran push oil prices higher, Labor introduces its controversial CGT and negative gearing changes to Parliament. Plus, unemployment rises as many Australians say they’re underpaid.

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It is a 60-40 chance whether the Reserve Bank raises rates again this year, Australia's home-building problem is getting worse with residential construction down in the latest quarter. Plus, New Zealand's Reserve Bank leaves interest rates on hold.

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Most remaining ISIS brides are returning to Australia from Syrian camps, oil and share markets react after US strikes on Iranian targets. Plus, electricity prices set to fall for almost half a million households and small businesses.

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Backlash against government reforms continues as the Australian Chamber of Commerce and Industry warns Labor not to rush changes through parliament. Plus Guzman y Gomez shares rally as investors welcome plans to exit the US market.

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