Afternoon Report | ASX higher after weak run

Sean Aylmer and Michael Thompson go head to head on the top business stories of the week, with Fear and Greed colleague Adam Lang adjudicating.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

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. ASX closes lower Dutton’s budget response Bendigo surges Apple’s mis-delivery Xi, Putin talks Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Friday 17 May 2024 A combination of a surge in the unemployment rate and lower inflation in the US, combine to send share markets soaring.  And more, including: The Reserve Bank warns that house prices, and rents, aren’t coming down anytime soon.  Former PM Scott Morrison meets with Donald Trump in the US And the story of Australia’s hidden top 20 company Plus don’t miss this week’s episode of How Do They Afford That? - a guide to reverse mortgages and other options for the asset rich and cash poor. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

AI and virtual reality have been the tech buzzwords of the last few years. Add in quantum computing, and the future of technology is here.Stephen Fenech, editor of techguide.com.au, talks to Sean Aylmer about how these technologies will actually change our lives - and how much of it will depend on the marketing power of Apple.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

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. Unemployment jumps ASX surges Air Vanuatu owes $99m Incitec shaares surge New Caledonia state of emergency Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Thursday 16 May 2024 The experts have spoken: the federal budget is inflationary and won’t help the push to cut interest rates.  Wages growth slows sharply BHP boss Mike Henry jumps on Anglo American’s plans to demerge its platinum and diamond businesses And meme stocks keep running as echoes of 2021 are heard in markets Plus don’t miss this week’s episode of How Do They Afford That? - a guide to reverse mortgages and other options for the asset rich and cash poor. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

In 2021 shares in GameStop, a struggling chain of video game shops in the US, soared from around $US18 to almost $US500 - a result of online hype, largely on social media platform Reddit. And now it's happening again, after the reemergence of 'RoaringKitty', one of the main drivers of the surge.Chris Brycki, founder and CEO of online investment adviser Stockspot, talks to Sean Aylmer about meme stocks, and why they're just the latest iteration of 'pump and dump' schemes.This is general information for education purposes only. You should seek professional advice before making investment decisions. Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

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. Miners lead ASX higher Budget winners and losers MSCI changes help ASX stocks CSR profit hit by aluminium Beijing mulls buying homes Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Wednesday 15 May 2024 Jim Chalmers announces another budget surplus and billions of dollars in cost of living relief And more, including: BHP’s second bid for Anglo-American is rejected Qantas axes a major international route And meme shares are back, maybe Plus don’t miss this week’s episode of How Do They Afford That? - a guide to reverse mortgages and other options for the asset rich and cash poor. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Last night Treasurer Jim Chalmers handed down the federal budget, forecasting a surplus of $9.3 billion. There's cost of living relief, including $300 in power bill rebates for households and $325 for small business, additional funding for medicines, rental relief and more.So what does it all mean for inflation, for interest rates, for economic growth, and for the Government's chances in the next election?Sean Aylmer talks to Fear and Greed’s resident economist Stephen Koukoulas, aka the Kouk - the Managing Director of Market Economics, a former economic adviser to a Prime Minister, and in-demand speaker at events right around the country.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.